Navarro Community Foundation
- Assets
- $13.0m
- Revenue
- $1.9m
- Investments
- $12.2m
- Employees
- 0
- Location
- Corsicana, TX
- Founding
- 07/1939
- Data as of
- 12/2023
- EIN
- 75-0800663
Organization Overview
Navarro Community Foundation is located in Corsicana, TX. The organization was established in 1939. According to its NTEE Classification (T31) the organization is classified as: Community 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. Navarro Community 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 12/2023, Navarro Community Foundation generated $1.9m 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 (4.7%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Navarro Community Foundation has awarded 162 individual grants totaling $7,621,276. 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 Robinson Exec Sec./tr | 0 | $4,800 | |
Dr John Smith Trustee | 0 | $0 | |
C David Campbell Chairman | 0 | $0 | |
Janie Goodman Asst Treas | 0 | $0 | |
C L Brown III 1st V. Chair | 0 | $0 | |
John Jackson 2nd V Chair | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $739,379 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,081,486 |
| Capital Gain Net Income | $1,081,486 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $45,381 |
| Other Income | $32,561 |
| Total Revenue | $1,898,807 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,111 |
| Interest | $0 |
| Taxes | $25,327 |
| Depreciation | $398 |
| Occupancy | $7,200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,313 |
| Total operating and administrative expenses | $124,784 |
| Contributions, gifts, grants paid | $2,015,842 |
| Total expenses and disbursements | $2,140,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,451 |
| Savings and temporary cash investments | $759,107 |
| 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 | $4,966 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,940,072 |
| Net Land, buildings, and equipment | $1,226 |
| Other assets | $22,000 |
| Total assets | $13,025,984 |
| 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, Navarro Community Foundation has awarded $2,015,842 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF NAVARRO COUNTY TEXAS PURPOSE: CHARITABLE OPERATIONS | $38,500 |
THE SALVATION ARMY PURPOSE: CHARITABLE OPERATIONS | $64,000 |
FAMILY SERVICES ASSOCIATION PURPOSE: CHARITABLE OPERATION | $200,000 |
NAVARRO COUNCIL OF THE ARTS INC PURPOSE: CHARITABLE OPERATIONS | $50,000 |
CAMP OF THE RISING SUN PURPOSE: CHARITABLE OPERATIONS | $15,000 |
COMMEMORATICE AIR FORCE PURPOSE: CHARITABLE OPERATIONS | $10,000 |