Earl C Sams Foundation Inc
- Assets
- $20.2m
- Revenue
- $835.8k
- Investments
- $19.3m
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 12/1957
- Data as of
- 12/2023
- EIN
- 74-1463151
Organization Overview
Earl C Sams Foundation Inc is located in Corpus Christi, TX. The organization was established in 1957. 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. Earl C Sams Foundation Inc 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 12/2023, Earl C Sams Foundation Inc generated $835.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Earl C Sams Foundation Inc has awarded 164 individual grants totaling $2,860,813. 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 |
|---|---|---|---|
Bruce S Hawn President, CEO & Director | 15 | $82,065 | |
Susan G Hawn V. P., Chairman & Director | 15 | $69,414 | |
Nancy Hawn Director | 1 | $3,900 | |
Susan Ohnmacht Asst Treasurer/secretary | 36 | $105,161 | |
Candace N Coutinho Director | 1 | $3,900 | |
Caitlyn J Cairns Director | 1 | $3,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,669 |
| Dividends & Interest | $541,859 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $266,256 |
| Capital Gain Net Income | $266,256 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $835,784 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $291,740 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $38,496 |
| Interest | $0 |
| Taxes | $31,871 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,604 |
| Printing and publications | $0 |
| Other expenses | $59,452 |
| Total operating and administrative expenses | $618,543 |
| Contributions, gifts, grants paid | $742,000 |
| Total expenses and disbursements | $1,360,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,256 |
| Savings and temporary cash investments | $825,582 |
| 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 | $28,279 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $450,389 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,189,789 |
| 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, Earl C Sams Foundation Inc has awarded $742,000 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
1 HOPE FOR KIDS PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
AGAPE HARBOR PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
BAND PARENTS WINSTON CHURCHILL HIGH SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
AGAPE RANCH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
ASIAN CULTURES MUSEUM OF TEXAS PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
ART CENTER OF CORPUS CHRISTI PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |