George P Lumsden T W
- Assets
- $2.7m
- Revenue
- $552.2k
- Investments
- $2.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/1970
- Data as of
- 08/2022
- EIN
- 54-6034625
Organization Overview
George P Lumsden T W is located in Dallas, TX. The organization was established in 1970. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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.
For the year ending 08/2022, George P Lumsden T W generated $552.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 50.3% each year . All expenses for the organization totaled $225.6k during the year ending 08/2022. While expenses have increased by 3.5% per year over the past 4 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 2020, George P Lumsden T W has awarded 45 individual grants totaling $464,677. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $56,435 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $495,720 |
| Capital Gain Net Income | $495,720 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $552,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,503 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,156 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,895 |
| Total operating and administrative expenses | $49,804 |
| Contributions, gifts, grants paid | $175,794 |
| Total expenses and disbursements | $225,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $120,407 |
| 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 | $2,728,862 |
| 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, George P Lumsden T W has awarded $175,794 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG WOMEN'S CHRISTIAN ASSOC PURPOSE: UNRESTRICTED GENERAL | $97,674 |
THE SALVATION ARMY PURPOSE: UNRESTRICTED GENERAL | $9,777 |
RIVER ROAD METHODIST CHURCH PURPOSE: UNRESTRICTED GENERAL | $9,777 |
SHELTERING ARMS HOSPITAL PURPOSE: UNRESTRICTED GENERAL | $6,507 |
Richmond, VA PURPOSE: UNRESTRICTED GENERAL | $6,507 |
BROOKFIELD FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $6,507 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |