W J Brace Charitable Tr
- Assets
- $7.4m
- Revenue
- $293.3k
- Investments
- $7.0m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 01/2011
- Data as of
- 02/2024
- 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 02/2024, W J Brace Charitable Tr generated $293.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $457.0k during the year ending 02/2024. While expenses have increased by 1.4% per year over the past 8 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 136 individual grants totaling $2,800,644. 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 | $203,982 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $89,360 |
| Capital Gain Net Income | $89,360 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $293,342 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,531 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,714 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,286 |
| Total operating and administrative expenses | $92,531 |
| Contributions, gifts, grants paid | $364,500 |
| Total expenses and disbursements | $457,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $417,478 |
| 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 | $7,419,093 |
| 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 $364,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
MID-AMERICA REGIONAL COUNCIL PURPOSE: IMPLEMENTATION OF | $40,000 |
CULTIVATE KANSAS CITY INC PURPOSE: UNRESTRICTED GENERAL | $35,000 |
PARTNERSHIP FOR REGIONAL EDUCATIONAL PURPOSE: UNRESTRICTED GENERAL | $40,000 |
RIVER OF REFUGE PURPOSE: SUPPORT FAMILY ASSISTANCE | $20,000 |
KANSAS CITY FREE EYE CLINIC PURPOSE: UNRESTRICTED GENERAL | $7,500 |
MINDDRIVE INC PURPOSE: UNRESTRICTED GENERAL | $15,000 |