Garioch Charitable Trust
- Assets
- $2.7m
- Revenue
- $275.0k
- Investments
- $2.1m
- Employees
- 0
- Location
- Highland Village, TX
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 46-4386347
Organization Overview
Garioch Charitable Trust is located in Highland Village, TX. The organization was established in 2014. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Garioch Charitable 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 12/2022, Garioch Charitable Trust generated $275.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $506.1k during the year ending 12/2022. While expenses have increased by 16.9% 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 2018, Garioch Charitable Trust has awarded 26 individual grants totaling $1,860,165. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE GARIOCH CHARITABLE TRUST IN SCOTLAND IS SUPPORTING EVANGELICAL LEADERSHIP. THIS SUPPORT INCLUDES PROVIDING FOR THE MAINTENANCE OF FOUR DOMINICAN SISTERS OF ST. CECILIA WHO CONDUCT RETREATS, LEAD YOUTH GROUPS, TEACH CLASSES AT CATHOLIC SCHOOLS AND IMPLEMENT VARIOUS OTHER PROGRAMS. MANY OF THESE ACTIVITIES ARE CONDUCTED USING THE FACILITIES OF KILCOY CASTLE WHICH IS THE PROPERTY OF ONE OF THE TRUSTEES. THE TRUST DOES NOT MAKE ANY PAYMENTS FOR USE OF KILCOY CASTLE OR ANY OTHER ASSETS OWNED BY TRUSTEES.
THE MISSION OF THE GARIOCH CHARITABLE TRUST IN HAITI IS SUPPORTING EDUCATION & COMMERCE. THE TRUSTS ACTIVITIES INCLUDED THE OPERATIONS OF THE ST. THERESE SCHOOL IN BOILEAU, HAITI AS WELL AS OPERATING A MICRO-CREDIT FACILITY AND AN AGRICULTURAL PROGRAM. THE TRUST HAS ONE EMPLOYEE IN HAITI (A FORMER HAITIAN SCHOOL TEACHER) WHO HANDLES BUDGETING, REPORTING AND LIAISON BETWEEN THE SCHOOL STAFF AND THE TRUST; HE ALSO MANAGES THE MICRO-CREDIT FACILITY AND THE AGRICULTURAL PROGRAM (ALONG WITH VARIOUS LOCAL VOLUNTEERS).
THE MISSION OF THE GARIOCH CHARITABLE TRUST IN KENYA IS SUPPORTING EDUCATION. THIS SUPPORT IS CURRENTLY FOCUSED ON THE MARA SHINER SCHOOL IN THE MAASAI MARA IN KENYA. IN PRIOR YEARS THE TRUST BUILT THE SCHOOL, THE OPERATING COSTS OF WHICH HAVE BEEN COVERED BY TUITION. IN 2016, THE TRUST ACQUIRED A SCHOOL BUS WHICH WAS CONVERTED FOR WATER TRANSPORT TO THE SCHOOL.
THE MISSION OF THE GARIOCH CHARITABLE TRUST IN THE UNITED STATES IS SUPPORTING EVANGELICAL LEADERSHIP. SUPPORT IN 2022 INCLUDED A DONATION TO THE ST. CECILIA MEDIA CENTER IN DALLAS, TX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Menking Director | 5 | $0 | |
George Menking Director | 5 | $0 | |
Bishop Hugh Gilbert Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $265,000 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $275,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $7,144 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,286 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $29,054 |
| Contributions, gifts, grants paid | $477,041 |
| Total expenses and disbursements | $506,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $363,742 |
| Savings and temporary cash investments | $0 |
| 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 | $2,100,000 |
| Net Land, buildings, and equipment | $218,233 |
| Other assets | $0 |
| Total assets | $2,681,975 |
| Accounts payable and accrued expenses | $31,867 |
| 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 | $31,867 |
Grants Awarded
Over the last fiscal year, Garioch Charitable Trust has awarded $477,041 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
RC DIOCESE OF ABERDEEN CHARITABLE PURPOSE: SUPPORTING EVANGELICAL LEADERSHIP IN SCOTLAND | $107,380 |
HAITI PROJECTS PURPOSE: SUPPORTING EDUCATION & COMMERCE IN HAITI | $64,027 |
ST CECILIA MULTI-MEDIA CENTER PURPOSE: SUPPORTING EVANGELICAL LEADERSHIP IN THE UNITED STATES | $87,500 |
DOMINICAN SISTERS OF ST CECILIA PURPOSE: SUPPORTING EVANGELICAL LEADERSHIP IN SCOTLAND | $115,493 |
SCOTLAND PROJECTS PURPOSE: SUPPORTING EVANGELICAL LEADERSHIP IN SCOTLAND | $102,641 |