Mae T Drew Charitable Trust is located in Dallas, TX. The organization was established in 2013. 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. Mae T Drew Charitable Trust 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 05/2024, Mae T Drew Charitable Trust generated $47.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 71.0% each year . All expenses for the organization totaled $85.2k during the year ending 05/2024. While expenses have increased by 1.9% 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 2016, Mae T Drew Charitable Trust has awarded 24 individual grants totaling $489,760. 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.
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $35,961 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $8,148 |
Capital Gain Net Income | $8,148 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $3,595 |
Total Revenue | $47,704 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $21,787 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $1,125 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $877 |
Total operating and administrative expenses | $25,039 |
Contributions, gifts, grants paid | $60,198 |
Total expenses and disbursements | $85,237 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $18,907 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $1,416,530 |
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 |
Over the last fiscal year, Mae T Drew Charitable Trust has awarded $60,198 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
NEW HAMPSHIRE CATHOLIC CHARITIES PURPOSE: UNRESTRICTED GENERAL | $20,066 |
NEW HAMPSHIRE ASSOCIATION FOR THE BLIND PURPOSE: UNRESTRICTED GENERAL | $20,066 |
ASSUMPTION CHURCH OF CANAAN PURPOSE: UNRESTRICTED GENERAL | $20,066 |