C T Herring Charitable Foundation
- Assets
- $2.7m
- Revenue
- $160.0k
- Investments
- $2.6m
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 20-0548629
Organization Overview
C T Herring Charitable Foundation is located in Amarillo, TX. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. C T Herring Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, C T Herring Charitable Foundation generated $160.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $181.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $96,816 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,615 |
| Capital Gain Net Income | $61,615 |
| Net ST Capital Gain | $56,966 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,565 |
| Total Revenue | $159,996 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $895 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $36,680 |
| Contributions, gifts, grants paid | $145,181 |
| Total expenses and disbursements | $181,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,894 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $314,924 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$1 |
| Total assets | $2,653,666 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, C T Herring Charitable Foundation has awarded $178,067 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DIOCESE OF AMARILLO PURPOSE: CATHOLIC EDUCATION | $173,067 |
VARIETY THE CHILDRENS CHARITY OF TEXAS PURPOSE: HELP CHILDRENWITH SPECIALNEEDS | $5,000 |