Garitty Charity Association Garitty Charity Association
- Assets
- $582.2k
- Revenue
- $104.1k
- Investments
- $562.8k
- Employees
- 0
- Location
- Corsicana, TX
- Founding
- 12/1972
- Data as of
- 03/2022
- EIN
- 23-7161021
Organization Overview
Garitty Charity Association Garitty Charity Association is located in Corsicana, TX. The organization was established in 1972. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, 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. Garitty Charity Association Garitty Charity Association 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 03/2022, Garitty Charity Association Garitty Charity Association generated $104.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $35.2k during the year ending 03/2022. While expenses have increased by 3.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Smith Chairman | 1 | $0 | |
Bill Maupin Trustee | 1 | $0 | |
Larry Morrison Trustee | 1 | $0 | |
Wd Ralston Jr Trustee | 1 | $0 | |
Kim Wyatt Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,453 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $91,634 |
| Capital Gain Net Income | $91,634 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,087 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,166 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,207 |
| Contributions, gifts, grants paid | $28,000 |
| Total expenses and disbursements | $35,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51 |
| Savings and temporary cash investments | $18,212 |
| 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 | $1,160 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $562,790 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $582,213 |
| 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, Garitty Charity Association Garitty Charity Association has awarded $28,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COMPASSION CORSICANA PURPOSE: CHARITABLE OPERATIONS | $6,000 |
YMCA PURPOSE: CHARITABLE OPERATIONS | $5,500 |
Corsicana, TX PURPOSE: CHARITABLE OPERATIONS | $5,000 |
UNITED WAY OF NAVARRO COUNTY PURPOSE: CHARITABLE OPERATIONS | $5,000 |
Corsicana, TX PURPOSE: CHARITABLE OPERATIONS | $3,000 |
NORTHSIDE BAPTIST CHURCH PURPOSE: CHARITABLE OPERATIONS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Louisiana Association Of Nonprofit Organizations Inc Baton Rouge, LA | $142,525 | $121,022 |
Association Of Fundraising Professionals Houston, TX | $510,496 | $238,866 |
Marcus Marquette Booster Club Flower Mound, TX | $110,685 | $0 |
Association Of Fundraising Professionals Austin, TX | $529,151 | $152,186 |
Northwest Pipeline Voluntary Employees Beneficiary Association Tulsa, OK | $8,312,705 | $807 |
Treaty Oak Chapter Of American Business Womens Association Round Rock, TX | $159,346 | $95,799 |
Association Of Fundraising Professionals Little Rock, AR | $151,519 | $0 |
Showhouse Santa Fe Inc Santa Fe, NM | $4,395 | $0 |
Association Of Fundraising Professionals Fort Worth, TX | $148,053 | $0 |
Association Of Fundraising Professionals Pearl River, LA | $58,951 | $0 |
Gladewater Round-Up Association Inc Gladewater, TX | $425,366 | $0 |
Ladies Day Raffle Fund Inc New Orleans, LA | $26,603 | $0 |