W J Brace Charitable Tr
- Assets
- $8.2m
- Revenue
- $1.7m
- Investments
- $8.2m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 01/2011
- Data as of
- 02/2022
- EIN
- 59-7244050
Organization Overview
W J Brace Charitable Tr is located in Dallas, TX. The organization was established in 2011. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W J Brace 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 02/2022, W J Brace Charitable Tr generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.8% each year . All expenses for the organization totaled $467.5k during the year ending 02/2022. While expenses have increased by 2.2% per year over the past 6 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 2016, W J Brace Charitable Tr has awarded 116 individual grants totaling $2,366,818. 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 | $165,956 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,502,428 |
| Capital Gain Net Income | $1,502,428 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,668,384 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $62,740 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,692 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,606 |
| Total operating and administrative expenses | $108,942 |
| Contributions, gifts, grants paid | $358,600 |
| Total expenses and disbursements | $467,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,854 |
| 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 | $8,217,198 |
| 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, W J Brace Charitable Tr has awarded $358,600 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: TO SUPPORT KCFAA ARTS | $40,000 |
Kansas City, MO PURPOSE: UNRESTRICTED GENERAL | $35,000 |
MID-AMERICA REGIONAL COUNCIL PURPOSE: TO CONNECT RESIDENTS 60+ TO | $30,000 |
Kansas City, MO PURPOSE: UNRESTRICTED GENERAL | $30,000 |
Liberty, MO PURPOSE: SUPPORT HOPE SOLUTIONS | $25,000 |
WATKINS MILL ASSOCIATION INC PURPOSE: UNRESTRICTED GENERAL | $24,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pure Inc Bentonville, AR | $3,138,267 | $27,808,227 |
Buckner Foundation Dallas, TX | $503,977,405 | $46,631,365 |
Panhandle Community Services Amarillo, TX | $11,013,426 | $24,011,483 |
The Citizens Foundation Usa Houston, TX | $7,765,514 | $19,916,524 |
Morgans Wonderland Inclusion Foundation San Antonio, TX | $24,438,940 | $21,840,113 |
Furniture Bank Houston, TX | $4,044,380 | $6,546,446 |
Scanlan Foundation Houston, TX | $209,874,637 | $6,584,694 |
Kathleen S Craft Foundation Tulsa, OK | $94,596,287 | $6,487,856 |
White Cake Family Foundation Dallas, TX | $42,767,869 | $3,380,103 |
Charitable Properties Inc Mesquite, TX | $0 | $4,302,892 |
Bp Foundation Inc Houston, TX | $4,050,119 | $6,036,214 |
Soonae Foundation Burnet, TX | $2,322,115 | $4,666,451 |