Linn Foundation
- Assets
- $1.7m
- Revenue
- $372.3k
- Investments
- $1.5m
- Employees
- 0
- Location
- Westworth Village, TX
- Founding
- 09/2000
- Data as of
- 12/2023
- EIN
- 31-1728452
Organization Overview
Linn Foundation is located in Westworth Village, TX. The organization was established in 2000. 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. Linn 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, Linn Foundation generated $372.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $209.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Linn Foundation has awarded 90 individual grants totaling $1,850,800. 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 |
|---|---|---|---|
Roger Linn Director | 0 | $0 | |
Lois Linn Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90,000 |
| Interest on Savings | $829 |
| Dividends & Interest | $33,492 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $247,973 |
| Capital Gain Net Income | $247,973 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $372,294 |
| 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 | $552 |
| Total operating and administrative expenses | $5,552 |
| Contributions, gifts, grants paid | $203,500 |
| Total expenses and disbursements | $209,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $160,731 |
| 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 | $1,500 |
| 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 | $4,603 |
| Total assets | $1,699,640 |
| 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 | $16,500 |
| Total liabilities | $16,500 |
Grants Awarded
Over the last fiscal year, Linn Foundation has awarded $203,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE GOLF FELLOWSHIP PURPOSE: EDUCATION | $500 |
CHRIST CHAPEL BIBLE CHURCH PURPOSE: RELIGIOUS | $60,500 |
E3 PARTNERS PURPOSE: RELIGIOUS | $500 |
DALLAS THEOLOGICAL SEMINARY PURPOSE: RELIGIOUS | $75,000 |
EVAN TELL PURPOSE: RELIGIOS | $500 |
HOLIDAYS AND HEROES PURPOSE: RELIGIOUS | $500 |