A Montgomery Ward Foundation 32 48652-4 is located in Dallas, TX. The organization was established in 1960. 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. A Montgomery Ward Foundation 32 48652-4 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 06/2022, A Montgomery Ward Foundation 32 48652-4 generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 5 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 2020, A Montgomery Ward Foundation 32 48652-4 has awarded 169 individual grants totaling $2,006,026. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPPLICABLE
THE SOLE CHARITABLE ACTIVITY OF THIS ORGANIZATION IS THE MAKING OF CONTRIBUTIONS AND GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS.NO DIRECT CHARITABLE ACTIVITIES ARE CONDUCTED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bank Of America N A Co-Trustee | 1 | $120,271 | |
Jack Hutchings Co-Trustee | 4 | $62,709 | |
Richard Oloffson Co-Trustee | 4 | $62,709 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $1,000 |
Interest on Savings | $0 |
Dividends & Interest | $610,400 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $1,739,518 |
Capital Gain Net Income | $1,739,518 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $403 |
Total Revenue | $2,351,321 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $245,689 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $41,208 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $1,152 |
Printing and publications | $0 |
Other expenses | $412 |
Total operating and administrative expenses | $355,366 |
Contributions, gifts, grants paid | $650,351 |
Total expenses and disbursements | $1,005,717 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,666,162 |
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 | $2,365,210 |
Net Land, buildings, and equipment | $0 |
Other assets | $1,223,125 |
Total assets | $15,264,404 |
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, A Montgomery Ward Foundation 32 48652-4 has awarded $650,351 in support to 59 organizations.
Grant Recipient | Amount |
---|---|
Chicago, IL PURPOSE: SCHOLARSHIPS FOR STUDENTS | $52,000 |
River Forest, IL PURPOSE: NEW STEAM INNOVATION LAB | $29,200 |
Chicago, IL PURPOSE: ESSENTIAL MEDICAL SUPPLIES | $24,951 |
Brookfield, IL PURPOSE: BROOKFIELD ROOF AND GUTTER | $22,000 |
Skokie, IL PURPOSE: ESSENTIAL MEDICAL SUPPLIES | $20,000 |
INNER VOICE INC PURPOSE: PURCHASE OF VAN FOR | $19,700 |
Organization Name | Assets | Revenue |
---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |