David And Judy Norsworthy Charitable Tr
- Assets
- $26.5m
- Revenue
- $6.4m
- Investments
- $19.5m
- Employees
- 0
- Location
- Austin, TX
- Founding
- Data as of
- 12/2023
- EIN
- 30-6701268
Organization Overview
David And Judy Norsworthy Charitable Tr is located in Austin, TX. 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. David And Judy Norsworthy 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 12/2023, David And Judy Norsworthy Charitable Tr generated $6.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (46.1%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,620,102 |
| Interest on Savings | $0 |
| Dividends & Interest | $610,018 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $142,834 |
| Capital Gain Net Income | $142,834 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,314 |
| Total Revenue | $6,386,268 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,643 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,952 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,523 |
| Total operating and administrative expenses | $181,793 |
| Contributions, gifts, grants paid | $1,052,500 |
| Total expenses and disbursements | $1,234,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,698,677 |
| 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 | $8,189,309 |
| Net Land, buildings, and equipment | $5,310,000 |
| Other assets | $0 |
| Total assets | $26,459,875 |
| 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, David And Judy Norsworthy Charitable Tr has awarded $1,052,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TADSAW INC PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $250,000 |
THE PUBLIC FOR ANIMAL WELFARE INC PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $250,000 |
HILL CTRY SOC FOR PREV OF CRUELTY O PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $250,000 |
BLUEBONNET EQUINE HUMANE SOCIETY PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $250,000 |
SOHW CORP PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $52,500 |