Linbeck Family Charitable Tr
- Assets
- $6.5m
- Revenue
- $250.4k
- Investments
- $6.5m
- Employees
- 1
- Location
- Houston, TX
- Founding
- 07/2012
- Data as of
- 12/2022
- EIN
- 27-7099515
Organization Overview
Linbeck Family Charitable Tr is located in Houston, TX. The organization was established in 2012. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Linbeck Family Charitable Tr 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, Linbeck Family Charitable Tr generated $250.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $376.7k during the year ending 12/2022. While expenses have increased by 8.5% per year over the past 8 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, Linbeck Family Charitable Tr has awarded 55 individual grants totaling $1,326,960. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LINBECK FAMILY CHARITABLE TRUST IS TO IMPROVE THE LIVES OF OTHERS, PRIMARILY IN THE GREATER METROPOLITAN HOUSTON AREA, BY MAKING GRANTS TO ORGANIZATIONS IN THE AREAS OF HEALTH, EDUCATION, AND HUMAN SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LINBECK FAMILY CHARITABLE TRUST DONATED $364,000 TO VARIOUS TAX EXEMPT ORGANIZATIONS DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leo Linbeck III President/trustee | OfficerTrustee | 0 | $0 |
Stephen D Maislin Vice President/secretary/trustee | OfficerTrustee | 1 | $0 |
Rebecca Hove Treasurer/trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,000 |
| Total Program Service Revenue | $0 |
| Investment income | $423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,423 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $364,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $10,000 |
| Fees for services: Legal | $850 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $376,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,643 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,487,588 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,496,231 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,496,231 |
| Total liabilities and net assets/fund balances | $6,496,231 |
Grants Awarded
Over the last fiscal year, Linbeck Family Charitable Tr has awarded $345,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SETON EDUCATION PARTNERS PURPOSE: EDUCATION-SINGLE ORGANIZATION SUPPORT | $200,000 |
FAMILIES EMPOWERED PURPOSE: EDUCATION-EDUCATIONAL SERVICES | $60,000 |
CENTER FOR OPPORTUNITY URBANISM PURPOSE: COMMUNITY IMPROVEMENT & CAPACITY BUILDING-URBAN & COMMUNITY ECONOMIC DEVELOPMENT | $30,000 |
WOODLAWN FOUNDATION PURPOSE: COMMUNITY IMPROVEMENT & CAPACITY BUILDING-NONPROFIT MANAGEMENT | $25,000 |
FELLOWSHIP OF CATHOLIC UNIVERSITY STUDENTS PURPOSE: RELIGION-RELATED-ROMAN CATHOLIC | $10,000 |
BECKET FUND PURPOSE: SOCIAL SCIENCE-POLITICAL SCIENCE | $10,000 |