Windgate Charitable Trust
- Assets
- $441.6m
- Revenue
- $10.0m
- Investments
- $431.6m
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 04/2000
- Data as of
- 12/2021
- EIN
- 71-0723781
Organization Overview
Windgate Charitable Trust is located in Little Rock, AR. The organization was established in 2000. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Windgate Charitable 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, Windgate Charitable Trust generated $10.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (44.8%) each year. All expenses for the organization totaled $218.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DOES NOT OPERATE ANY ACTIVITY. IT ONLY DONATES TO CHARITABLE ORGANIZATIONS APPROVED BY THE IRS. ALL DONATIONS ARE LISTED ON PART XIV OF THIS RETURN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Hutcheson Director | 1 | $25,000 | |
Robyn Horn Director | 1 | $25,000 | |
Mary E Hutcheson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,149,566 |
| Dividends & Interest | $7,700,420 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,190,821 |
| Capital Gain Net Income | $1,190,821 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,040,807 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $253,659 |
| Pension plans, employee benefits | $7,485 |
| Interest | $0 |
| Taxes | $250,001 |
| Depreciation | $5,316 |
| Occupancy | $22,200 |
| Travel, conferences, and meetings | $683 |
| Printing and publications | $0 |
| Other expenses | $997,060 |
| Total operating and administrative expenses | $1,607,754 |
| Contributions, gifts, grants paid | $217,006,010 |
| Total expenses and disbursements | $218,613,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,976,916 |
| Savings and temporary cash investments | $0 |
| 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 | $400 |
| Total assets | $441,559,234 |
| 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 | $7,716 |
| Total liabilities | $7,716 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Windgate Charitable Trust has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Robert C And Anne A Hickman Foundation Little Rock, AR PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Windgate Charitable Trust Little Rock, AR | $441,559,234 | $10,040,807 |
Petco Foundation San Antonio, TX | $33,418,658 | $39,582,418 |
Nau Foundation Houston, TX | $22,224,867 | $2,525,236 |
Excellerate Foundation Charitable Support Rogers, AR | $173,087,242 | $16,463,917 |
William R Orthwein Jr And Laura Rand Orthwein Foundation Inc St Louis, MO | $73,594,056 | $14,006,042 |
Greater Houston Golf Charity The Woodlands, TX | $3,025,396 | $6,171,949 |
Amoud Foundation Irving, TX | $3,623,753 | $6,777,014 |
Rice Re Holdings Iii Houston, TX | $189,919,833 | -$4,482,268 |
Hab Charitable Corporation Fort Worth, TX | $0 | $8,699,388 |
Ssb Charitable Corporation Fort Worth, TX | $58,885,873 | $7,421,686 |
David & Lezlie Hudiburg Family Fdn Foundation Oklahoma City, OK | $0 | $1,762 |
Royals Charities Inc Kansas City, MO | $948,636 | $2,777,032 |