Thirteen Foundation
- Assets
- $45.6m
- Revenue
- $2.0m
- Investments
- $42.9m
- Employees
- 0
- Location
- Cisco, TX
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 27-6977311
Organization Overview
Thirteen Foundation is located in Cisco, TX. The organization was established in 2011. 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. Thirteen 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 12/2023, Thirteen Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $7.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIRTEEN FOUNDATION HAS DIRECT CHARITABLE ACTIVITY THROUGH A WHOLLY OWNED DISREGARDED ENTITYREACH FOR YAHWEH INTERNATIONAL ID 80-0768642 EXPENSES ON PG 1
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farris Wilks Trustee Trustee | 5 | $0 | |
Joann Wilks Trustee Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $545,949 |
| Dividends & Interest | $673,380 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $769,522 |
| Capital Gain Net Income | $597,745 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $47,331 |
| Total Revenue | $2,036,182 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66,761 |
| Total operating and administrative expenses | $74,611 |
| Contributions, gifts, grants paid | $7,122,413 |
| Total expenses and disbursements | $7,197,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $817,073 |
| Savings and temporary cash investments | $1,873,561 |
| 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 | $5,621,426 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $45,639,954 |
| 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 |