Elizabeth Toon Charities
- Assets
- $332.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Dallas, TX
- Founding
- 07/2008
- Data as of
- 07/2023
- EIN
- 45-0554960
Organization Overview
Elizabeth Toon Charities is located in Dallas, TX. The organization was established in 2008. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 07/2023, Elizabeth Toon Charities employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabeth Toon Charities 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 07/2023, Elizabeth Toon Charities generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $875.2k during the year ending 07/2023. While expenses have increased by 14.9% 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 2015, Elizabeth Toon Charities has awarded 102 individual grants totaling $2,367,600. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ELIZABETH TOON CHARITIES IS FOUNDED ON THE PRINCIPLES OF FAITH, HOPE AND LOVE. WE SUPPORT ORGANIZATIONS THAT SERVE NEEDY CHILDREN (AND THEIR FAMILIES) THROUGHOUT TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELIZABETH TOON CHARITIES IS A CHRISTIAN BASED 501(C)3 ORGANIZATION DEDICATED TO SERVING NEEDY CHILDREN (AND THEIR FAMILIES) THROUGHOUT TEXAS. THE ORGANIZATION WAS INSPIRED BY THE FAITH, HOPE AND LOVE OF ELIZABETH TOON. ELIZABETH TOON CHARITIES WAS FOUNDED IN 2007 IN HONOR OF ELIZABETH TOON, WHO WAS TRAGICALLY KILLED BY A HIT-AND-RUN DRIVER IN 2006 AT THE AGE OF 22. ELIZABETH HAD A JOYFUL AND BLESSED LIFE AND TOUCHED OTHERS WITH HER AWE-INSPIRING FAITH, LOVE AND KINDNESS. ELIZABETH'S DREAM OF BEING THE SALT AND LIGHT FOR CHILDREN IN NEED LIVES ON THROUGH ELIZABETH TOON CHARITIES. ELIZABETH TOON CHARITIES IS FOUNDED ON THE PRINCIPLES OF FAITH, HOPE AND LOVE. WE ARE COMMITTED TO BEING GOOD STEWARDS OF OUR FUNDS TO MAKE THE GREATEST IMPACT ON THE PEOPLE, ORGANIZATIONS AND COMMUNITIES WE SUPPORT. WE STRIVE TO BUILD LONG-TERM RELATIONSHIPS WITH THE DONORS, VOLUNTEERS, MEMBERS AND PARTNERS WHO SUPPORT ELIZABETH TOON CHARITIES AND AIM TO INSTILL A LOVE-CENTERED PHILOSOPHY IN THE LIVES WE TOUCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Toon Chairman | OfficerTrustee | 1 | $0 |
Patti Toon Director | OfficerTrustee | 1 | $0 |
Justin Toon Director | OfficerTrustee | 1 | $0 |
C L Baskin Director | OfficerTrustee | 1 | $0 |
Laurie Brigance Director | OfficerTrustee | 1 | $0 |
Laura Brooks Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,051,951 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,051,951 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,051,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $558,600 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,681 |
| Office expenses | $2,482 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,832 |
| All other expenses | $180,418 |
| Total functional expenses | $875,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,915 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $332,415 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,360 |
| Total liabilities | $1,360 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $331,055 |
| Total liabilities and net assets/fund balances | $332,415 |
Grants Awarded
Over the last fiscal year, Elizabeth Toon Charities has awarded $558,600 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AFTER-SCHOOL ALL-STARS PURPOSE: YOUTH EDUCATION | $39,200 |
DALLAS HEARING FOUNDATION PURPOSE: HEARING LOSS | $49,000 |
EMILYS PLACE PURPOSE: COUNSEL VICTIMS | $29,400 |
FOR OAKCLIFF PURPOSE: YOUTH EDUCATION | $19,600 |
FOLDS OF HONOR PURPOSE: EDUCATION | $19,600 |
FIRST 3 YEARS PURPOSE: CHILD DEV | $19,600 |