Fred & Irene Michel Charit Tua 5001100 0386490
- Assets
- $4.9m
- Revenue
- $153.8k
- Investments
- $4.8m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/2004
- Data as of
- 07/2024
- EIN
- 52-7201412
Organization Overview
Fred & Irene Michel Charit Tua 5001100 0386490 is located in Dallas, TX. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Fred & Irene Michel Charit Tua 5001100 0386490 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, Fred & Irene Michel Charit Tua 5001100 0386490 generated $153.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $303.8k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fred & Irene Michel Charit Tua 5001100 0386490 has awarded 70 individual grants totaling $1,175,243. 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 SOLE CHARITABLE ACTIVITIY OF THIS ORGANIZATION IS THE MAKING OF CONTRIBUTIONS AND GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS. NODIRECT CHARITABLE ACTIVITIES ARE CONDUCTED
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $128,892 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,094 |
| Capital Gain Net Income | $20,094 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,841 |
| Total Revenue | $153,827 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,144 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,336 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,700 |
| Total operating and administrative expenses | $73,430 |
| Contributions, gifts, grants paid | $230,399 |
| Total expenses and disbursements | $303,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $118,693 |
| 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 | $4,908,824 |
| 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, Fred & Irene Michel Charit Tua 5001100 0386490 has awarded $230,399 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARK'S EVANGELICAL LUTHERAN CHURCH PURPOSE: UNRESTRICTED CHARITABLE | $4,608 |
BATESVILLE UNITED METHODIST CHURCH PURPOSE: UNRESTRICTED CHARITABLE | $23,040 |
THE MOODY BIBLE INSTITUTE OF CHICAGO PURPOSE: UNRESTRICTED CHARITABLE | $4,608 |
LIGHTHOUSE FOR THE BLIND PURPOSE: UNRESTRICTED CHARITABLE | $4,608 |
MASONIC HOME OF MISSOURI PURPOSE: UNRESTRICTED CHARITABLE | $18,432 |
MENTAL HEALTH ASSOCIATION PURPOSE: UNRESTRICTED CHARITABLE | $4,608 |