Saulsbury Family Foundation Inc
- Assets
- $3.0m
- Revenue
- $291.8k
- Investments
- $2.9m
- Employees
- 0
- Location
- Odessa, TX
- Founding
- 01/2008
- Data as of
- 12/2022
- 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 12/2022, Saulsbury Family Foundation Inc generated $291.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $101.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Saulsbury Family Foundation Inc has awarded 164 individual grants totaling $4,992,536. 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
ANNUAL GIFTS TO QUALIFYING 501(C)(3)ORGANIZATIONS. SIXTEEN QUALIFYING ORGANIZATIONS RECEIVED CONTRIBUTIONS DURING THE CALENDAR YEAR 2022.
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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 | $214,725 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,304 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,794 |
| Capital Gain Net Income | $34,794 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $291,823 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,325 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,588 |
| Total operating and administrative expenses | $29,913 |
| Contributions, gifts, grants paid | $71,972 |
| Total expenses and disbursements | $101,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,885 |
| 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 | $2,880,633 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $22,092 |
| Total assets | $3,028,610 |
| 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 $71,972 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF ODESSA PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S CHARITABLE CONTRIBUTIONS. | $5,000 |
CRISIS CENTER OF WT PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S CHARITABLE CONTRIBUTIONS. | $3,500 |
ELLEN NOEL ART MUSEUM PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S CHARITABLE CONTRIBUTIONS. | $1,250 |
HIGH SKY CHILDREN'S RANCH PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S CHARITABLE CONTRIBUTIONS. | $6,000 |
MEALS ON WHEELS ODESSA PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S CHARITABLE CONTRIBUTIONS. | $5,000 |
MISSION MESSIAH PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S CHARITABLE CONTRIBUTIONS. | $5,000 |