Gilmer Bennett Family Foundation
- Assets
- $1.2m
- Revenue
- $530.3k
- Investments
- $933.5k
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-3663470
Organization Overview
Gilmer Bennett Family Foundation is located in Fort Worth, TX. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gilmer Bennett Family 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, Gilmer Bennett Family Foundation generated $530.3k in total revenue. All expenses for the organization totaled $125.0k during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 6 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 2014, Gilmer Bennett Family Foundation has awarded 22 individual grants totaling $284,725. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Bennett Director | 10 | $25,000 | |
Doug Clough Director | 5 | $0 | |
Philip Bennett Director | 5 | $0 | |
John Gilmer Director | 5 | $0 | |
Jennifer Clough Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $17,607 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $512,670 |
| Capital Gain Net Income | $512,670 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $530,298 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,273 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,235 |
| Printing and publications | $0 |
| Other expenses | $199 |
| Total operating and administrative expenses | $31,441 |
| Contributions, gifts, grants paid | $93,525 |
| Total expenses and disbursements | $124,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,803 |
| Savings and temporary cash investments | $304,394 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,249,721 |
| 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, Gilmer Bennett Family Foundation has awarded $93,525 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Worth, TX PURPOSE: TO BE USED IN AREA OF NEED | $43,525 |
Fort Worth, TX PURPOSE: TO BE USED IN AREA OF NEED FOR CAPITAL CAMPAIGN | $25,000 |
Boone, NC PURPOSE: TO BE USED IN AREA OF NEED | $10,000 |
Charlotte, NC PURPOSE: TO B USED IN AREA OF NEED | $10,000 |
FORT WORTH YOUNG WARRIORS PURPOSE: TO BE USED IN AREA OF NEED FOR HIGH-RISK YOUTH | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Service Center Region Xiii Austin, TX | $57,202,932 | $81,882,395 |
Life School Of Dallas Red Oak, TX | $119,776,308 | $72,202,880 |
Austin Achieve Public Schools Inc Austin, TX | $59,873,760 | $31,154,261 |
National Math And Science Initiative Inc Dallas, TX | $26,216,573 | $26,013,416 |
Wayside Schools Austin, TX | $44,220,999 | $24,827,897 |
Arkansas Connections Academy Inc Bentonville, AR | $3,114,083 | $20,599,824 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Austin Trinity School Austin, TX | $48,197,793 | $16,908,197 |
Arlington Classics Academy Arlington, TX | $32,317,939 | $15,087,121 |
Northlake Christian School Covington, LA | $15,559,549 | $15,961,975 |
Texas Coalition For Animal Protection Fort Worth, TX | $9,140,859 | $14,917,183 |
Covenant Knights School Dallas, TX | $65,440,145 | $15,652,987 |