Wingate-Lindsey Charitable Tr
- Assets
- $6.0m
- Revenue
- $659.4k
- Investments
- $4.9m
- Employees
- 0
- Location
- Richmond, TX
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 61-6465261
Organization Overview
Wingate-Lindsey Charitable Tr is located in Richmond, TX. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Wingate-Lindsey 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 12/2022, Wingate-Lindsey Charitable Tr generated $659.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $527.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wingate-Lindsey Charitable Tr has awarded 44 individual grants totaling $1,923,270. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $111,769 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $300,314 |
| Capital Gain Net Income | $300,314 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $244,873 |
| Total Revenue | $659,408 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,990 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,811 |
| Depreciation | $18,863 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,523 |
| Total operating and administrative expenses | $201,461 |
| Contributions, gifts, grants paid | $326,000 |
| Total expenses and disbursements | $527,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,832 |
| Savings and temporary cash investments | $124,522 |
| 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 | $735,034 |
| Investments—mortgage loans | $0 |
| Investments—other | $73,274 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $226,353 |
| Total assets | $6,006,357 |
| 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, Wingate-Lindsey Charitable Tr has awarded $326,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ORCHARD CEMETERY ASSOCIATION INC PURPOSE: FOR MAINTENANCE & IMPROVEMENTS TO CEMETERY | $10,000 |
ORCHARD VOLUNTEER FIRE DEPARTMENT PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
TSTC FOUNDATION PURPOSE: FOR STUDENT SCHOLARSHIPS & BUILDING FUND | $200,000 |
LAMAR EDUCATIONAL AWARDS FOUNDATION PURPOSE: FUNDS TO SUPPORT TEACHER GRANTS | $5,000 |
PAMELA CATHERINE HAAS MEMORIAL FUND PURPOSE: SCHOLARSHIPS | $1,000 |
MORTON CEMETERY ASSOCIATION PURPOSE: FOR MAINTENANCE & IMPROVEMENTS TO CEMETERY | $40,000 |