Thomas Gilcrease Foundation
- Assets
- $2.7m
- Revenue
- $146.4k
- Investments
- $2.4m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 11/1943
- Data as of
- 09/2023
- EIN
- 73-6009934
Organization Overview
Thomas Gilcrease Foundation is located in San Antonio, TX. The organization was established in 1943. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Thomas Gilcrease Foundation 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 09/2023, Thomas Gilcrease Foundation generated $146.4k 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 (5.9%) each year. All expenses for the organization totaled $321.1k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Thomas Gilcrease Foundation has awarded 72 individual grants totaling $570,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Kieny Member | 2 | $7,000 | |
Thomas Denney President | 2 | $11,800 | |
Peter Denney Sec, Treas | 2 | $7,000 | |
Thomas Gene Gilcrease Vice-Pres | 2 | $7,000 | |
Jana Gilcrease Vice-Pres | 2 | $7,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,670 |
| Dividends & Interest | $53,070 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,102 |
| Capital Gain Net Income | $49,102 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,513 |
| Total Revenue | $146,355 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $44,800 |
| Other employee salaries and wages | $17,425 |
| Pension plans, employee benefits | $5,256 |
| Interest | $0 |
| Taxes | $2,879 |
| Depreciation | $4,900 |
| Occupancy | $15,295 |
| Travel, conferences, and meetings | $22,632 |
| Printing and publications | $0 |
| Other expenses | $13,821 |
| Total operating and administrative expenses | $141,053 |
| Contributions, gifts, grants paid | $180,000 |
| Total expenses and disbursements | $321,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,377 |
| Savings and temporary cash investments | $26,262 |
| 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 | $2,735 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,335,647 |
| Net Land, buildings, and equipment | $148,060 |
| Other assets | $21,841 |
| Total assets | $2,697,124 |
| Accounts payable and accrued expenses | $439 |
| 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 | $439 |
Grants Awarded
Over the last fiscal year, Thomas Gilcrease Foundation has awarded $180,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
MEEKER POLICE DEPART PURPOSE: CHARITABLE | $10,000 |
NACOGDOCHES COUNTY AGIN PURPOSE: CHARITABLE | $5,000 |
SWIFT-SHADY GROVE VFD PURPOSE: CHARITABLE | $5,000 |
BIG BROTHERS BIG SISTER PURPOSE: CHARITABLE | $4,000 |
SNIPA PURPOSE: CHARITABLE | $1,000 |
COMMUNITY FOUNDATION PURPOSE: CHARITABLE | $20,000 |