Saulsbury Family Foundation Inc
- Assets
- $2.8m
- Revenue
- $888.5k
- Investments
- $2.8m
- Employees
- 0
- Location
- Odessa, TX
- Founding
- 01/2008
- Data as of
- 12/2021
- EIN
- 26-1396903
Organization Overview
Saulsbury Family Foundation Inc is located in Odessa, TX. The organization was established in 2008. 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. Saulsbury Family Foundation Inc 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 12/2021, Saulsbury Family Foundation Inc generated $888.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $949.8k during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 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.
Since 2014, Saulsbury Family Foundation Inc has awarded 152 individual grants totaling $4,920,564. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL GIFTS TO QUALIFYING 501(C)(3)ORGANIZATIONS. SIXTEEN QUALIFYING ORGANIZATIONS RECEIVED CONTRIBUTIONS DURING THE CALENDAR YEAR 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Saulsbury Vice President/director | 0 | $0 | |
Charles R Saulsbury Jr Secretary/director | 0 | $0 | |
Matthew D Saulsbury Treasurer/director | 0 | $0 | |
Amelia Dianne Saulsbury Zugg President/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $245,251 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,966 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $595,245 |
| Capital Gain Net Income | $595,245 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $888,462 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $620 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,860 |
| Total operating and administrative expenses | $22,130 |
| Contributions, gifts, grants paid | $927,716 |
| Total expenses and disbursements | $949,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $443 |
| 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 | $2,815,965 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $22,092 |
| Total assets | $2,838,500 |
| 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 | $18,960 |
| Total liabilities | $18,960 |
Grants Awarded
Over the last fiscal year, Saulsbury Family Foundation Inc has awarded $927,716 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ODESSA COLLEGE PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S CHARITABLE CONTRIBUTIONS. | $600,000 |
Weslaco, TX PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S CHARITABLE CONTRIBUTIONS. | $285,716 |
SAND HILLS STOCK SHOW & RODEO PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S CHARITABLE CONTRIBUTIONS. | $10,000 |
PERMIAN BASIN REHABILITATION CENTER PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S CHARITABLE CONTRIBUTIONS. | $5,000 |
Midland, TX PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S CHARITABLE CONTRIBUTIONS. | $5,000 |
FIRST ODESSA CHRISTIAN ACADEMY PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S CHARITABLE CONTRIBUTIONS. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |