Living Stones Foundation Charitable Tr
- Assets
- $25.5m
- Revenue
- $943.4k
- Investments
- $23.9m
- Employees
- 0
- Location
- Southlake, TX
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 52-7038921
Organization Overview
Living Stones Foundation Charitable Tr is located in Southlake, TX. The organization was established in 2000. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Living Stones Foundation 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 12/2022, Living Stones Foundation Charitable Tr generated $943.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Living Stones Foundation Charitable Tr has awarded 113 individual grants totaling $13,004,830. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF A CLASS OF CHARITIES PROMOTING EDUCATIONAL AND/OR CHRISTIAN ACTIVITIES.
Describe the Organization's Program Activity:
PROVIDE OPERATING FUNDS FOR 4 CHRISTIAN CHARITIES INVOLVED IN EFFORTS TO SUPPORT FAMILY VALUES. THESE ORGANIZATIONS ARE OPERATING IN THE SUPPORTED CLASS OF 501(C)(3) AND 509(A)(1) ORGANIZATIONS SUPPORTED BY THIS 509(A)(3) SUPPORTING ORGANIZATION. IN 2022, GRANTS WERE MADE TO MILITARY COMMUNITY YOUTH MINISTRIES, THE FEDERALIST SOCIETY, CONCERNED WOMEN OF AMERICA, AND WATERSTONE.
PROVIDE OPERATING FUNDS FOR 3 CHRISTIAN CHARITIES WORKING IN THE AREA OF FAITH & WORK. THESE ORGANIZATIONS ARE OPERATING IN THE SUPPORTED CLASS OF 501(C)(3) AND 509(A)(1) ORGANIZATIONS SUPPORTED BY THIS 509(A)(3) SUPPORTING ORGANIZATION. IN 2022, GRANTS WERE MADE TO MADE TO FLOURISH, INTERVARSITY CHRISTIAN FELLOWSHIP, AND KINGDOMHAUS.PROVIDE OPERATING FUNDS FOR 2 CHRISTIAN CHARITIES WORKING IN THE AREA OF RELIEF EFFORTS. THESE ORGANIZATIONS ARE OPERATING IN THE SUPPORTED CLASS OF 501(C)(3) AND 509(A)(1) ORGANIZATIONS SUPPORTED BY THIS 509(A)(3) SUPPORTING ORGANIZATION. IN 2022, GRANTS WERE MADE TO WATERSTONE AND SPORTS CATALYST.
PROVIDE OPERATING FUNDS FOR 9 CHRISTIAN CHARITIES INVOLVED IN LOCAL AND INTERNATIONAL EVANGELISM AND DISCIPLESHIP EFFORTS. ALL ARE OPERATING IN THE SUPPORTED CLASS OF THIS 509(A)(3) SUPPORTING ORGANIZATION. IN 2022, GRANTS WERE MADE TO NEW GENERATIONS, LUIS PALAU ASSOCIATION, WORLD SPORTS, IRAN ALIVE MINISTRIES, UNITE LIFE, NEW HORIZON FOUNDATIONS, LANCE MALLNAU MINISTRIES INC, AND 2 FOREIGN CHURCH ORGANIZATIONS (CHURCH GROWTH INTERNATIONAL AND INGLESIA EVANGELICA DE COBENA).
PROVIDE OPERATING FUNDS FOR 2 CHRISTIAN CHARITIES WORKING IN THE AREA OF EDUCATION, OUTREACH AND EVANGELISM THROUGH VARIOUS FORMS OF MEDIA. THESE ORGANIZATIONS ARE OPERATING IN THE SUPPORTED CLASS OF 501(C)(3)AND 509(A)(1) ORGANIZATIONS SUPPORTED BY THIS 509(A)(3) SUPPORTING ORGANIZATION. IN 2022, GRANTS WERE PROVIDED TO SENTINEL GROUP AND AT WORK ON PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth A Eldred Trustee - Chairman | OfficerTrustee | 10 | $0 |
Kary N Eldred Trustee - President | OfficerTrustee | 10 | $0 |
Justinrachel Eldred Trustee - Treasurer | OfficerTrustee | 2 | $0 |
Roberta E Eldred Trustee - Secretary | OfficerTrustee | 2 | $0 |
Monica I Eldred Trustee | Trustee | 1 | $0 |
John B Mumford Trustee | Trustee | 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 | $4,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,720 |
| Total Program Service Revenue | $0 |
| Investment income | $851,211 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$401,244 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $943,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,225,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $60,000 |
| 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 | $47,489 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,510 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,548 |
| Information technology | $7,235 |
| Royalties | $0 |
| Occupancy | $137,957 |
| Travel | $5,979 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $578 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,154 |
| Insurance | $1,575 |
| All other expenses | $2 |
| Total functional expenses | $1,517,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,970 |
| Savings and temporary cash investments | $411,575 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $750,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $46,405 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $23,937,587 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,497 |
| Total assets | $25,474,034 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $25,474,034 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $25,474,034 |
Grants Awarded
Over the last fiscal year, Living Stones Foundation Charitable Tr has awarded $1,225,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
MILITARY COMMUNITY YOUTH MINISTRIES PURPOSE: GENERAL SUPPORT | $50,000 |
LUIS PALAU EVANGELISTIC ASSOC PURPOSE: GENERAL SUPPORT | $100,000 |
WORLD SPORTS INC PURPOSE: GENERAL SUPPORT | $50,000 |
THE FEDERALIST SOCIETY FOR LAW AND PUBLIC POLICY STUDIES PURPOSE: GENERAL SUPPORT | $25,000 |
NEW GENERATIONS PURPOSE: GENERAL SUPPORT | $150,000 |
WATERSTONE (CHRISTIAN COMM FOUNDATION) PURPOSE: GENERAL SUPPORT | $445,000 |