Roy & Christine Sturgis Charitable & Educational Trust
- Assets
- $11.8m
- Revenue
- $1.2m
- Investments
- $10.9m
- Employees
- 0
- Location
- Arkadelphia, AR
- Founding
- 10/1977
- Data as of
- 12/2021
- EIN
- 71-0495345
Organization Overview
Roy & Christine Sturgis Charitable & Educational Trust is located in Arkadelphia, AR. The organization was established in 1977. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roy & Christine Sturgis Charitable & Educational Trust 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 12/2021, Roy & Christine Sturgis Charitable & Educational Trust generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $859.1k during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 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 2014, Roy & Christine Sturgis Charitable & Educational Trust has awarded 234 individual grants totaling $4,978,186. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Findley Trustee | 1 | $50,000 | |
Lisa Speer Trustee | 1 | $50,000 | |
Anna Findley Trustee | 1 | $3,000 | |
Mary Dunn Trustee | 1 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $69,965 |
| Dividends & Interest | $209,419 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $917,063 |
| Capital Gain Net Income | $917,063 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,196,447 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $106,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,103 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $130,412 |
| Total operating and administrative expenses | $244,482 |
| Contributions, gifts, grants paid | $614,628 |
| Total expenses and disbursements | $859,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,924 |
| Savings and temporary cash investments | $965,116 |
| 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 | $1,852,805 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,842,523 |
| 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, Roy & Christine Sturgis Charitable & Educational Trust has awarded $614,628 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF MALVERN PURPOSE: PLAYGROUND EQUIPMENT | $70,167 |
SOUTHERN ARKANSAS UNIVERSITY PURPOSE: BAND UNIFORMS | $69,000 |
AR ARTS CENTER & FOUNDATION PURPOSE: EQUIPMENT | $60,000 |
WELL FED COMMUNITY DEVELOPMENT CORP PURPOSE: CARGO VAN | $45,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: EQUIPMENT | $31,000 |
Paragould, AR PURPOSE: EQUIPMENT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
University Of Mississippi Foundation Oxford, MS | $716,526,476 | $64,727,887 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Tiger Athletic Foundation Baton Rouge, LA | $492,455,521 | $67,955,012 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Ole Miss Athletics Foundation Oxford, MS | $97,065,287 | $57,643,164 |
University Of Memphis Foundation Memphis, TN | $175,396,802 | $38,710,840 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |