Richard A Heald Fund Trust
- Assets
- $1.1m
- Revenue
- $52.5k
- Investments
- $1.1m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/1969
- Data as of
- 12/2022
- EIN
- 23-7046062
Organization Overview
Richard A Heald Fund Trust is located in Dallas, TX. The organization was established in 1969. 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. Richard A Heald Fund Trust 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 12/2022, Richard A Heald Fund Trust generated $52.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $80.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard A Heald Fund Trust has awarded 66 individual grants totaling $210,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James N Heald 2nd Co-Trustee | 1 | $0 | |
Mrs Nina Heald Webber Co-Trustee | 1 | $0 | |
Bank Of America N A Agent For Trustee | 1 | $8,987 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,919 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,573 |
| Capital Gain Net Income | $12,573 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,987 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $623 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $10,895 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $80,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $91,398 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,147,814 |
| 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, Richard A Heald Fund Trust has awarded $70,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ANTIQUARIAN PURPOSE: UNRESTRICTED GENERAL | $5,000 |
BANCROFT SCHOOL PURPOSE: UNRESTRICTED GENERAL | $4,000 |
GIRLS INC PURPOSE: UNRESTRICTED GENERAL | $3,000 |
HERITAGE PLANTATION PURPOSE: UNRESTRICTED GENERAL | $1,000 |
FALMOUTH ACADEMY PURPOSE: UNRESTRICTED GENERAL | $4,000 |
WEST FALMOUTH MA LIBRARY PURPOSE: UNRESTRICTED GENERAL | $3,000 |