Gladys And Jd Leftwich Charitable Tr 2
- Assets
- $607.1k
- Revenue
- $15.6k
- Investments
- $550.6k
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 11/2006
- Data as of
- 12/2023
- EIN
- 20-6240606
Organization Overview
Gladys And Jd Leftwich Charitable Tr 2 is located in Lubbock, TX. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Gladys And Jd Leftwich Charitable Tr 2 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, Gladys And Jd Leftwich Charitable Tr 2 generated $15.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $43.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gladys And Jd Leftwich Charitable Tr 2 has awarded 18 individual grants totaling $294,733. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST'S SOLE FUNCTION IS TO CONTRIBUTE TO MEALS ON WHEELS AND THE SALVATION ARMY, BOTH 501(C)(3) CHARITABLE ORGANIZATIONS, IN THE LUBBOCK, TEXAS AREA.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,695 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,084 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $315 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,656 |
| Contributions, gifts, grants paid | $32,750 |
| Total expenses and disbursements | $43,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,777 |
| Savings and temporary cash investments | $54,706 |
| 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 | $233,430 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $607,068 |
| 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, Gladys And Jd Leftwich Charitable Tr 2 has awarded $32,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LUBBOCK MEALS ON WHEELS PURPOSE: GENERAL SUPPORT | $16,375 |
SALVATION ARMY PURPOSE: GENERAL SUPPORT | $16,375 |