Virginia Lee Upham And Chester R Upham Jr Foundation
- Assets
- $886.5k
- Revenue
- $25.0k
- Investments
- $849.3k
- Employees
- 0
- Location
- Mineral Wells, TX
- Founding
- 08/2009
- Data as of
- 12/2022
- EIN
- 26-3899233
Organization Overview
Virginia Lee Upham And Chester R Upham Jr Foundation is located in Mineral Wells, TX. The organization was established in 2009. 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. Virginia Lee Upham And Chester R Upham Jr Foundation 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, Virginia Lee Upham And Chester R Upham Jr Foundation generated $25.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $94.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Virginia Lee Upham And Chester R Upham Jr Foundation has awarded 39 individual grants totaling $447,500. 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 |
|---|---|---|---|
Barbara Lee Upham Director | 1 | $0 | |
Mary Kathleen Upham Director | 1 | $0 | |
Chester R Upham III Director | 1 | $0 | |
Katherine Michelle Garrett Gear Director | 1 | $0 | |
Mary Melinda Mayes Kelly Director | 1 | $0 | |
Ashley Cameron Steormann Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $185 |
| Dividends & Interest | $31,928 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,136 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,977 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,123 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $147 |
| Total operating and administrative expenses | $11,938 |
| Contributions, gifts, grants paid | $82,500 |
| Total expenses and disbursements | $94,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,911 |
| Savings and temporary cash investments | $26,268 |
| 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 | $849,283 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $886,462 |
| 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, Virginia Lee Upham And Chester R Upham Jr Foundation has awarded $82,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MINERAL WELLS CENTER OF LIFE PURPOSE: GENERAL SUPPORT | $10,000 |
PALO PINTO COUNTY AREA FOUNDATION PURPOSE: GENERAL SUPPORT | $20,000 |
HOPE INCORPORATED PURPOSE: GENERAL SUPPORT | $5,000 |
PALO PINTO COUNTY MEALS ON WHEELS PURPOSE: GENERAL SUPPORT | $20,000 |
BRAZOS VOLUNTEER FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $2,500 |
MINERAL WELLS VOLUNTEER FIRE DEPT PURPOSE: GENERAL SUPPORT | $2,500 |