Velma Lee And John Harvey Robinson Charitable Foundation
- Assets
- $20.6m
- Revenue
- $2.0m
- Investments
- $20.3m
- Employees
- 0
- Location
- Edna, TX
- Founding
- 04/1984
- Data as of
- 09/2022
- EIN
- 74-2300129
Organization Overview
Velma Lee And John Harvey Robinson Charitable Foundation is located in Edna, TX. The organization was established in 1984. 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. Velma Lee And John Harvey Robinson Charitable 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 09/2022, Velma Lee And John Harvey Robinson Charitable Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $1.9m during the year ending 09/2022. While expenses have increased by 3.1% per year over the past 6 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 2015, Velma Lee And John Harvey Robinson Charitable Foundation has awarded 608 individual grants totaling $8,579,031. 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
FOUNDATION MAKES GRANTS TO SAN MARCOS BAPTIST ACADEMY SAN MARCOS TX SOUTH TEXAS CHILDRENS HOME BEEVILLE TX FIRST BAPTIST CHURCH EDNA TX AND OTHER
FOUNDATION PROVIDES COLLEGE SCHOLARSHIPS TO GRADUATES OF THE THREE HIGH SCHOOLS LOCATED IN JACKSON COUNTY EDNA GANADO AND INDUSTRIAL PROCEEDS DIRECT TO COLLEG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J Shutt Vice-President | 4 | $8,400 | |
M H Brock Director | 1 | $900 | |
Tange Hamilton Director | 1 | $900 | |
Henry C Whitley President | 4 | $900 | |
Bobby Bell Director | 1 | $900 | |
Jan Mcclanahan Secretary | 1 | $900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,558 |
| Dividends & Interest | $681,389 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,285,822 |
| Capital Gain Net Income | $1,285,822 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $721 |
| Total Revenue | $1,976,490 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,200 |
| Other employee salaries and wages | $49,367 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,053 |
| Depreciation | $492 |
| Occupancy | $6,300 |
| Travel, conferences, and meetings | $220 |
| Printing and publications | $0 |
| Other expenses | $6,073 |
| Total operating and administrative expenses | $208,389 |
| Contributions, gifts, grants paid | $1,658,000 |
| Total expenses and disbursements | $1,866,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,916 |
| 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 | $300 |
| Other assets | $0 |
| Total assets | $20,589,714 |
| Accounts payable and accrued expenses | $12,956 |
| 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 | $12,956 |
Grants Awarded
Over the last fiscal year, Velma Lee And John Harvey Robinson Charitable Foundation has awarded $1,658,000 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH TEXAS CHILDRENS HOME PURPOSE: CAPITAL IMPROVEMENTS | $625,000 |
San Marcos, TX PURPOSE: CAPITAL IMPROVEMENTS ENDOWED SCHOLARSHIP | $613,250 |
PROMISE POINTE INC PURPOSE: BUILDING ADDITIONS | $75,000 |
TEXAS A M UNIVERSITY PURPOSE: COLLEGE SCHOLARSHIPS | $52,500 |
TEXAS BAPTIST MENS ASSOCIATION PURPOSE: GENERAL FUND DONATION - DISASTER RELIEF | $25,000 |
VICTORIA COLLEGE PURPOSE: COLLEGE SCHOLARSHIPS | $23,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |