Coin B Frederick & Erin Frederick Powers Trust
- Assets
- $213.5k
- Revenue
- $20.3k
- Investments
- $188.0k
- Employees
- 0
- Location
- Kerrville, TX
- Founding
- 06/1997
- Data as of
- 11/2023
- EIN
- 74-6435766
Organization Overview
Coin B Frederick & Erin Frederick Powers Trust is located in Kerrville, TX. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coin B Frederick & Erin Frederick Powers 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 11/2023, Coin B Frederick & Erin Frederick Powers Trust generated $20.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $24.8k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Coin B Frederick & Erin Frederick Powers Trust has awarded 24 individual grants totaling $118,703. 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 |
|---|---|---|---|
Security State Bank Trust Cust Trustee | 5 | $3,903 | |
Frank Y Hill Jr Indv Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $91 |
| Dividends & Interest | $10,576 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,620 |
| Capital Gain Net Income | $9,620 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,287 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,536 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $219 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,455 |
| Contributions, gifts, grants paid | $17,298 |
| Total expenses and disbursements | $24,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,566 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $213,522 |
| 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, Coin B Frederick & Erin Frederick Powers Trust has awarded $17,298 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HILL COUNTRY FAMILY SERVICES PURPOSE: PROGRAM SUPPORT | $15,000 |
GENEALOGICAL SOC OF KENDALL CTY PURPOSE: PROGRAM SUPPORT | $500 |
CHRISTIAN JOB CORPS OF KENDALL CTY PURPOSE: PROGRAM SUPPORT | $500 |
RAINBOW SENIOR CENTER PURPOSE: PROGRAM SUPPORT | $500 |
VETERANS OF FOREIGN WARS POST 688 PURPOSE: PROGRAM SUPPORT | $300 |
SONS OF THE REPUBLIC OF TEXAS PURPOSE: PROGRAM SUPPORT | $198 |