Sid Richardson Memorial Fund
- Assets
- $14.5m
- Revenue
- $375.0k
- Investments
- $13.5m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 03/2004
- Data as of
- 12/2023
- EIN
- 75-1220266
Organization Overview
Sid Richardson Memorial Fund is located in Fort Worth, TX. The organization was established in 2004. 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. Sid Richardson Memorial Fund 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, Sid Richardson Memorial Fund generated $375.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Preston M Geren III Executive Director | 0.5 | $0 | |
Thomas White President | 0.1 | $625 | |
Mitchell Roper Vice President | 0.1 | $625 | |
Heidi Mcdonald Vice President | 0.1 | $625 | |
Johnny Campbell Vice President | 0.1 | $625 | |
Mary Kuykendall Secretary | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $254,866 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $120,168 |
| Capital Gain Net Income | $120,168 |
| Net ST Capital Gain | $2,146 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $375,034 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,690 |
| Depreciation | $1,000 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,913 |
| Total operating and administrative expenses | $147,600 |
| Contributions, gifts, grants paid | $933,750 |
| Total expenses and disbursements | $1,081,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,981 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $12,118 |
| Net Pledges Receivable | $0 |
| Grants receivable | $1,000,000 |
| 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 | $3,165 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,044,346 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,477,029 |
| Accounts payable and accrued expenses | $178 |
| Grants payable | $453,250 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $92,136 |
| Total liabilities | $545,564 |