Cabe Legacy Foundation
- Assets
- $6.1m
- Revenue
- $500.7k
- Investments
- $5.5m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 38-3853974
Organization Overview
Cabe Legacy Foundation is located in Dallas, TX. The organization was established in 2012. 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. Cabe Legacy 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 12/2021, Cabe Legacy Foundation generated $500.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $383.8k during the year ending 12/2021. While expenses have increased by 38.3% per year over the past 7 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 2017, Cabe Legacy Foundation has awarded 67 individual grants totaling $1,206,943. 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 |
|---|---|---|---|
Martha Long Klinefelter Pres & Treas | 20 | $80,000 | |
Carolyn Long Osteen Vice President | 1 | $0 | |
Charlotte Long Barto Vice President | 1 | $0 | |
Rebecca Long Gum VP & Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,872 |
| Dividends & Interest | $204,756 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $270,623 |
| Capital Gain Net Income | $270,623 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $451 |
| Total Revenue | $500,702 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $11,318 |
| Interest | $0 |
| Taxes | $6,118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $649 |
| Printing and publications | $0 |
| Other expenses | $7,372 |
| Total operating and administrative expenses | $143,529 |
| Contributions, gifts, grants paid | $240,300 |
| Total expenses and disbursements | $383,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,166 |
| Savings and temporary cash investments | $617,818 |
| 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 | $5,461,875 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,141,859 |
| Accounts payable and accrued expenses | $28 |
| 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 | $4,345 |
| Total liabilities | $4,373 |
Grants Awarded
Over the last fiscal year, Cabe Legacy Foundation has awarded $240,300 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG LIFE AFRICA DIVISION PURPOSE: LEADERSHIP INITIATIVE & CAMP SCHOLARSHIPS | $50,000 |
Fort Worth, TX PURPOSE: OPERATING FUNDS | $50,000 |
CALVARY CHURCH WOLFEBORO PURPOSE: OPERATING FUNDS | $28,300 |
Denver, CO PURPOSE: OPERATING FUNDS | $25,000 |
Dallas, TX PURPOSE: OPERATING FUNDS | $15,000 |
UNION GOSPEL MISSION PURPOSE: OPERATING FUNDS | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cabe Legacy Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
C Louis And Mary C Cabe Foundation Gurdon, AR PURPOSE: FURTHERANCE OF EXEMPT PURPOSE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |