John R Selman And Maggie B Selman Charitable Tr
- Assets
- $8.3m
- Revenue
- $357.2k
- Investments
- $8.2m
- Employees
- 0
- Location
- Sealy, TX
- Founding
- 09/2014
- Data as of
- 07/2024
- EIN
- 47-6448155
Organization Overview
John R Selman And Maggie B Selman Charitable Tr is located in Sealy, TX. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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 R Selman And Maggie B Selman Charitable Tr 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 07/2024, John R Selman And Maggie B Selman Charitable Tr generated $357.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $675.7k during the year ending 07/2024. While expenses have increased by 6.2% per year over the past 5 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 2022, John R Selman And Maggie B Selman Charitable Tr has awarded 124 individual grants totaling $1,434,743. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOHN R. SELMAN AND MAGGIE B. SELMAN CHARITABLE TRUST HAS BEEN CREATED TO PROVIDE FUNDS FOR CHARITABLE ACTIVITIES, EDUCATION ACTIVITIES AND SIMILAR ACTIVITIES IN AND AROUND THE GENERAL AREAS OF SEALY, TX, PROVIDED THAT THESE ORGANIZATIONS ARE THE TYPES OF ORGANIZATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES, AND WHICH ARE DESCRIBED IN INTERNAL REVENUE CODE SECTION 170(C) AND INTERNAL REVENUE CODE SECTION 2055(A)(1),(2) AND (3). EXAMPLES OF ORGANIZATIONS ARE LISTED IN THE PURPOSE CLAUSE OF THE TRUST DOCUMENT AND INCLUDE PUBLIC SCHOOLS, PARKS, LIBRARIES, RECREATION FACILITIES, FIRE DEPARTMENTS, EMERGENCY MEDICAL SERVICES, SOCIAL SERVICE ORGANIZATIONS, ANIMAL RESCUE FACILITIES AND EDUCATIONAL FACILITIES. IT IS INTENDED THAT THE JOHN R. SELMAN AND MAGGIE B. SELMAN CHARITABLE TRUST MAKE INVESTMENTS AND USE THE PRINCIPAL AND INTEREST TO MAKE ANNUAL DISBURSEMENTS TO QUALIFIED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Pless Co-Trustee | 1 | $32,748 | |
Leroy Zapalac Co-Trustee | 1 | $32,748 | |
Ryan Svoboda Co-Trustee | 1 | $32,748 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $45,549 |
| Dividends & Interest | $362,251 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$50,569 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3 |
| Total Revenue | $357,234 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $98,244 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,765 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,338 |
| Total operating and administrative expenses | $129,197 |
| Contributions, gifts, grants paid | $546,500 |
| Total expenses and disbursements | $675,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,229 |
| Savings and temporary cash investments | $72,414 |
| 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 | $700,736 |
| Investments—other | $50,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,321,213 |
| 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 R Selman And Maggie B Selman Charitable Tr has awarded $546,500 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
SEALY ISD TIGER FOOTBALL PROGRAMS - DONATION - WITTENBURG PRINTING (CK 13 PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $125 |
THE FRIENDS OF STEPHEN F AUSTIN STATE PARK - DONATION (CK 1313) PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $1,000 |
DPS TROOPERS FOUNDATION - DONATION MARK FREDERICK MEMORIAL (CK 1314) PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $250 |
DPS TROOPERS FOUNDATION - DONATION WILLIAM KOHLLEPPEL III MEMORIAL (CK 1315 PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $250 |
SEALY HIGH SCHOOL PROJECT GRADUATION - POINSETTIAS FOR SILVER LAKETHE OAKS PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $375 |
SEALY POLICE DEPARTMENT - BLUE SANTA PROGRAM TOY DRIVE (CK 1317) PURPOSE: EDUCATIONAL AND COMMUNITY SUPPORT | $500 |