John W & Effie E Speas Memorial Trust
- Assets
- $34.6m
- Revenue
- $1.6m
- Investments
- $32.8m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/1946
- Data as of
- 12/2023
- EIN
- 44-6008249
Organization Overview
John W & Effie E Speas Memorial Trust is located in Dallas, TX. The organization was established in 1946. 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. John W & Effie E Speas Memorial 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 12/2023, John W & Effie E Speas Memorial Trust generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, John W & Effie E Speas Memorial Trust has awarded 363 individual grants totaling $16,567,147. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,039,988 |
| Net Rental Income | $122,394 |
| Net Gain on Sale of Assets | $466,152 |
| Capital Gain Net Income | $466,152 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,637,443 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $201,013 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45,768 |
| Depreciation | $2,277 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,228 |
| Total operating and administrative expenses | $383,017 |
| Contributions, gifts, grants paid | $2,051,000 |
| Total expenses and disbursements | $2,434,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,051,990 |
| 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 | $797,704 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $34,606,389 |
| 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, John W & Effie E Speas Memorial Trust has awarded $2,051,000 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
SHEPHERD'S CENTER OF KANSAS CITY PURPOSE: UNRESTRICTED GENERAL | $20,000 |
ART AS MENTORSHIP INC PURPOSE: UNRESTRICTED GENERAL | $12,000 |
KIDS TLC INC PURPOSE: SUPPORT THE INFINITY | $40,000 |
KANSAS UNIVERSITY ENDOWMENT PURPOSE: PROFESSORSHIP IN CELLULAR | $250,000 |
SWOPE PARKWAY HEALTH CENTER PURPOSE: SUPPORT NEW HEALTH CLINIC | $100,000 |
CATHOLIC CHARITIES OF NE KANSAS INC PURPOSE: NORTHEAST KANSAS' ASSET | $25,000 |