Walter Christian Developmentfoundation
- Assets
- $24.6m
- Revenue
- $820.4k
- Investments
- $22.3m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/2007
- Data as of
- 12/2023
- EIN
- 20-8481719
Organization Overview
Walter Christian Developmentfoundation is located in Houston, TX. The organization was established in 2007. 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. Walter Christian Developmentfoundation 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, Walter Christian Developmentfoundation generated $820.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (30.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Walter Christian Developmentfoundation has awarded 17 individual grants totaling $4,630,004. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Charles Walter III Designating Trustee & Trus | 2 | $0 | |
Paula L Walter Trustee | 1 | $0 | |
Steven D Arnold Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $198,822 |
| Dividends & Interest | $630,869 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$35,039 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,721 |
| Total Revenue | $820,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,613 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $112,719 |
| Total operating and administrative expenses | $114,332 |
| Contributions, gifts, grants paid | $1,400,011 |
| Total expenses and disbursements | $1,514,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,260,769 |
| Net Accounts receivable | $1,219 |
| 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 | $5,590 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,000 |
| Total assets | $24,582,753 |
| 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, Walter Christian Developmentfoundation has awarded $1,400,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE MEDIA GROUP PURPOSE: KSBJ SPRING SHARATHON | $150,000 |
HOPE INTERNATIONAL PURPOSE: GENERAL FUND | $250,000 |
COLLEGE OF BIBLICAL STUDIES - HOUSTON PURPOSE: EMERGING LEADERS PROGRAM | $750,000 |
PULSE OUTREACH PURPOSE: REACH THE LOST CAMPAIGN | $250,000 |