Chambers Medical Foundation Tr
- Assets
- $3.7m
- Revenue
- $109.3k
- Investments
- $3.6m
- Employees
- 0
- Location
- Lake Charles, LA
- Founding
- 10/1990
- Data as of
- 12/2022
- EIN
- 72-6134893
Organization Overview
Chambers Medical Foundation Tr is located in Lake Charles, LA. The organization was established in 1990. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chambers Medical Foundation 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, Chambers Medical Foundation Tr generated $109.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $271.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Chambers Medical Foundation Tr has awarded 45 individual grants totaling $1,039,500. 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
N/A - ENGAGED IN GRANT MAKING ACTIVITIES ONLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin K Hunter Trustee | 1 | $0 | |
Jason R Chambers Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,689 |
| Dividends & Interest | $29,378 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,562 |
| Capital Gain Net Income | $23,562 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $47,683 |
| Total Revenue | $109,312 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,692 |
| Depreciation | $0 |
| Occupancy | $2,648 |
| Travel, conferences, and meetings | $4,031 |
| Printing and publications | $0 |
| Other expenses | $29,291 |
| Total operating and administrative expenses | $68,662 |
| Contributions, gifts, grants paid | $203,000 |
| Total expenses and disbursements | $271,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,314 |
| 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 | $4,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $69,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $721,023 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $28,100 |
| Total assets | $3,716,521 |
| 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, Chambers Medical Foundation Tr has awarded $203,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTA MISSION PURPOSE: TO FURTHER CHARITABLE PURPOSES | $5,000 |
TRINITY SCHOOL OF ATLANTA PURPOSE: TO FURTHER CHARITABLE PURPOSES | $50,000 |
CRISTO REY ATLANTA HIGH SCHOOL PURPOSE: TO FURTHER CHARITABLE PURPOSES | $5,000 |
VANDERBILT UNIVERSITY PURPOSE: TO FURTHER CHARITABLE PURPOSES | $25,000 |
SALK INSTITUTE FOR BIOLOGICAL STUDIES PURPOSE: TO FURTHER CHARITABLE PURPOSES | $50,000 |
DANA-FARBER CANCER INSTITUTE PURPOSE: TO FURTHER CHARITABLE PURPOSES | $50,000 |