Fort Worth Colonial Charities Inc
- Assets
- $295.9k
- Revenue
- $492.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-3211083
Organization Overview
Fort Worth Colonial Charities Inc is located in Fort Worth, TX. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth Colonial Charities Inc 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, Fort Worth Colonial Charities Inc generated $492.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $530.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fort Worth Colonial Charities Inc has awarded 205 individual grants totaling $2,127,947. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES AN OPPORTUNITY FOR OTHER CHARITABLE ORGANIZATIONS IN TARRANT COUNTY TO UTILIZE THE AWARENESS AND MAGNITUDE OF A PGA TOUR EVENT TO FURTHER GRANT-MAKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING OTHER LOCAL CHARITABLE ORGANIZATIONS IN TARRANT COUNTY, TEXAS TO FURTHER THEIR FUNDRAISING INITIATIVES THROUGH THE GRANTS TO THESE LOCAL ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert L Patton Jr Director | Trustee | 1 | $0 |
Robert K Hood Director | Trustee | 1 | $0 |
Robert M Doby III Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $281,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $307,916 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $588,916 |
| 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 | -$96,353 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $492,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $520,587 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,450 |
| 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 | $0 |
| All other expenses | $1,423 |
| Total functional expenses | $530,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,980 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,872 |
| 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 | $295,852 |
| Accounts payable and accrued expenses | $50,155 |
| 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 | $0 |
| Total liabilities | $50,155 |
| Net assets without donor restrictions | $117,928 |
| Net assets with donor restrictions | $127,769 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $295,852 |
Grants Awarded
Over the last fiscal year, Fort Worth Colonial Charities Inc has awarded $470,836 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
San Antonio, TX PURPOSE: CHARITABLE GIVING | $54,000 |
Fort Worth, TX PURPOSE: CHARITABLE GIVING | $52,865 |
Owasso, OK PURPOSE: CHARITABLE GIVING | $45,000 |
Fort Worth, TX PURPOSE: CHARITABLE GIVING | $23,100 |
Fort Worth, TX PURPOSE: CHARITABLE GIVING | $22,234 |
Grapevine, TX PURPOSE: CHARITABLE GIVING | $18,838 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Fort Worth Colonial Charities Inc has recieved totaling $285,000.
| Awarding Organization | Amount |
|---|---|
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $175,000 |
Alliance Texas Foundation Fort Worth, TX PURPOSE: PROVIDES AN OPPORTUNITY FOR OTHER CHARITABLE ORGANIZATIONS IN TARRANT COUNTY TO UTILIZE THE AWARENESS AND MAGNITUDE OF A PGA TOUR EVENT TO FURTHER GRANT MAKING. | $50,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $35,000 |
Community Foundation Of North Texas Fort Worth, TX PURPOSE: TO PATRIOTS OUTPOST AND HOME DONATION FOR OPERATING EXPENSES | $25,000 |
Endowment Analysis
| Net Contributions | $201,800 |
| Grants | $137,200 |
| Ending Balance | $64,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Independent Opportunities Inc Of Oklahoma Tulsa, OK | $20,718,127 | $36,214,630 |
Sid W Richardson Foundation Fort Worth, TX | $543,405,327 | $35,826,736 |
Genesys Works Group Return Houston, TX | $10,607,341 | $22,553,959 |
Families & Children Together Inc El Dorado, AR | $3,440,326 | $10,725,537 |
Vilcap Inc Houston, TX | $5,374,554 | $9,179,521 |
Kleinheinz Family Foundation For The Arts And Education Fort Worth, TX | $0 | $13,876,382 |
My Possibilities Plano, TX | $35,881,798 | $10,188,118 |
Hardesty Family Foundation Inc Tulsa, OK | $132,895,698 | $5,904,373 |
Brent House Corporation New Orleans, LA | $2,513,163 | $4,974,916 |
Alternative Building Concepts Group Garland, TX | $15,770,911 | $6,819,117 |
Sheltering Harbour Houston, TX | $3,221,749 | $5,825,428 |
Pwa Coalition Of Dallas Inc Dallas, TX | $14,827,763 | $6,751,009 |