El & Ruth Torrance Memorial Trust
- Assets
- $3.6m
- Revenue
- $133.0k
- Investments
- $3.2m
- Employees
- 0
- Location
- Waco, TX
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 74-6447246
Organization Overview
El & Ruth Torrance Memorial Trust is located in Waco, TX. The organization was established in 0000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2023, El & Ruth Torrance Memorial Trust generated $133.0k 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 (5.3%) each year. All expenses for the organization totaled $315.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, El & Ruth Torrance Memorial Trust has awarded 68 individual grants totaling $2,092,373. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $169,058 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$36,129 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $132,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,927 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,440 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $43,692 |
| Contributions, gifts, grants paid | $272,176 |
| Total expenses and disbursements | $315,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,915 |
| 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 | $100,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,565,831 |
| 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, El & Ruth Torrance Memorial Trust has awarded $272,176 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIN AVENUE METHODIST CHURCH PURPOSE: RELIGOUS; LISTTOTAL 56346 | $8,832 |
BAYLOR SCOTT & WHITE - CENTRAL TEXAS FOUNDATION PURPOSE: EDUCATIONAL | $40,826 |
CHRISTIAN RECORD BRAILLE FOUNDATION PURPOSE: EDUCATIONAL | $35,610 |
CHRISTIAN RECORD SERVICES PURPOSE: EDUCATIONAL | $18,825 |
FIRST UNITED METHODIST CHURCH PURPOSE: EDUCATIONAL | $51,918 |
MCLENNAN COUNTY CARDIO-PULMONARY FOUNDATION PURPOSE: EDUCATIONAL | $20,903 |