Living Stones Foundation Charitable Tr
- Assets
- $26.9m
- Revenue
- $2.7m
- Investments
- $26.4m
- Employees
- 0
- Location
- Southlake, TX
- Founding
- 08/2000
- Data as of
- 12/2021
- 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 12/2021, Living Stones Foundation Charitable Tr generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Living Stones Foundation Charitable Tr has awarded 96 individual grants totaling $11,779,830. 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
2021
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 6 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 2021, GRANTS WERE MADE TO MILITARY COMMUNITY YOUTH MINISTRIES, THE FEDERALIST SOCIETY, WATERSTONE, USA TRANSFORM, STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION, AND HARVEST PRAYER MINISTRIES.
PROVIDE OPERATING FUNDS FOR 8 CHRISTIAN CHARITIES INVOLVED IN LOCAL AND INTERNATIONAL EVANGELISM AND TRANSFORMATION EFFORTS. ALL ARE OPERATING IN THE SUPPORTED CLASS OF THIS 509(A)(3) SUPPORTING ORGANIZATION. IN 2021, GRANTS WERE MADE TO NEW GENERATIONS, LUIS PALAU ASSOCIATION, HEART OF A CHAMPION MINISTRIES, EVANGEL WORLD PRAYER CENTER OF KY, WORLD SPORTS, AND 3 FOREIGN CHURCH ORGANIZATIONS (CHURCH GROWTH INTERNATIONAL, ASOCIACION NUNC COEPI, IGLESIA EVANGELICA DE COBENA).
PROVIDE OPERATING FUNDS FOR 3 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 2021, GRANTS WERE PROVIDED TO 4 AFRICA, SENTINEL GROUP, AND REGENT UNIVERSITY.
PROVIDE OPERATING FUNDS FOR 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 2021, GRANTS WERE MADE TO UNITED RESCUE ALLIANCE INC AND BETHANY WORLD PRAYER CENTER.
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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 |
Roberta E Eldred Trustee - Secretary | OfficerTrustee | 2 | $0 |
Justinrachel Eldred Trustee - Treasurer | 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 | $842,944 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $842,944 |
| Total Program Service Revenue | $0 |
| Investment income | $524,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $175,928 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,732,687 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,432,800 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $30,000 |
| 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 | $57,461 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,797 |
| Fees for services: Other | $7,031 |
| Advertising and promotion | $0 |
| Office expenses | $6,993 |
| Information technology | $8,165 |
| Royalties | $0 |
| Occupancy | $135,517 |
| Travel | $4,735 |
| 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 | $6,549 |
| Insurance | $1,575 |
| All other expenses | $9 |
| Total functional expenses | $1,761,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,695 |
| Savings and temporary cash investments | $219,387 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $55,559 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $26,442,451 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,497 |
| Total assets | $26,853,589 |
| Accounts payable and accrued expenses | $816 |
| 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 | $816 |
| Net assets without donor restrictions | $26,852,773 |
| 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 | $26,853,589 |
Grants Awarded
Over the last fiscal year, Living Stones Foundation Charitable Tr has awarded $1,432,800 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $300,000 |
Southlake, TX PURPOSE: GENERAL SUPPORT | $275,000 |
Los Altos, CA PURPOSE: GENERAL SUPPORT | $150,000 |
Portland, OR PURPOSE: GENERAL SUPPORT | $100,000 |
Fort Worth, TX PURPOSE: GENERAL SUPPORT | $100,000 |
Bonita Springs, FL PURPOSE: GENERAL SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circle Of Life Springdale, AR | $23,639,439 | $20,357,791 |
United Way Of Central New Mexico Albuquerque, NM | $25,758,904 | $18,629,053 |
Valero Energy Foundation San Antonio, TX | $27,234,889 | $9,027,256 |
Jewish Federation Of Greater Houston Houston, TX | $13,164,896 | $16,157,692 |
United Way Of Southeast Louisiana New Orleans, LA | $29,969,457 | $17,838,416 |
Jewish Federation Of Greater Dallas Dallas, TX | $18,027,508 | $11,762,815 |
Shalom Austin Austin, TX | $8,435,174 | $13,067,909 |
Capital Area United Way Baton Rouge, LA | $14,566,817 | $6,965,583 |
Jewish Endowment Foundation Metairie, LA | $92,360,141 | $9,096,206 |
United Way Of El Paso County El Paso, TX | $7,999,389 | $6,622,179 |
United Way Of The Coastal Bend Inc Corpus Christi, TX | $7,813,987 | $6,731,389 |
Growing Up New Mexico Inc Santa Fe, NM | $5,476,758 | $4,686,891 |