Richard & Florence Craddock Gusman Trust

Organization Overview

Richard & Florence Craddock Gusman Trust is located in Bay City, TX. The organization was established in 1989. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Richard & Florence Craddock Gusman 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, Richard & Florence Craddock Gusman Trust generated $10.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $23.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Richard & Florence Craddock Gusman Trust has awarded 88 individual grants totaling $175,001. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TRUST DISTRIBUTES INCOME EACH YEAR TO THE ORGANIZA- TIONS LISTED ON THE SCHEDULE ATTACHED TO PART I, LINE 25.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $5,658
Dividends & Interest $18,981
Net Rental Income$0
Net Gain on Sale of Assets -$14,261
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $117
Total Revenue $10,495

Grants Awarded

Over the last fiscal year, Richard & Florence Craddock Gusman Trust has awarded $22,390 in support to 11 organizations.

Grant RecipientAmount

FIRST UNITED METHODIST CH

PURPOSE: GENERAL OPERATING FUND

$10,523

MATAGORDA COUNTY MUSEUM

PURPOSE: GENERAL OPERATING FUND

$5,597

BAY CITY LIBRARY ASSN

PURPOSE: ENDOWMENT FUND

$1,791

SOUTHWESTERN UNIVERSITY

PURPOSE: SCHOLARSHIP FUND

$1,791

BAY CITY VOLUNTEER FIRE D

PURPOSE: GENERAL OPERATING FUND

$672

BAY CITY LITTLE LEAGUE ASSOC

PURPOSE: GENERAL OPERATING FUND

$627
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