Sid Richardson Memorial Fund
- Assets
- $16.5m
- Revenue
- $2.0m
- Investments
- $15.0m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 03/2004
- Data as of
- 12/2021
- 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 12/2021, Sid Richardson Memorial Fund generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 19.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas White President | 0.1 | $625 | |
Mitchell Roper Vice President | 0.1 | $625 | |
Heidi Mcdonald Vice President | 0.1 | $625 | |
Preston M Geren III Executive Director | 0.5 | $0 | |
Johnny Campbell Vice President | 0.1 | $0 | |
Shanda Ranelle Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $168,705 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,802,011 |
| Capital Gain Net Income | $1,802,011 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6 |
| Total Revenue | $1,970,722 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,875 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,746 |
| Depreciation | $2,000 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30,423 |
| Total operating and administrative expenses | $143,409 |
| Contributions, gifts, grants paid | $905,875 |
| Total expenses and disbursements | $1,049,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,357 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $12,230 |
| Net Pledges Receivable | $0 |
| Grants receivable | $1,400,000 |
| 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 | $3,413 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,998,841 |
| Net Land, buildings, and equipment | $3,000 |
| Other assets | $0 |
| Total assets | $16,470,914 |
| Accounts payable and accrued expenses | $376 |
| Grants payable | $460,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $108,534 |
| Total liabilities | $569,410 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sid Richardson Memorial Fund has recieved totaling $300,000.
| Awarding Organization | Amount |
|---|---|
Srb Charitable Corporation Fort Worth, TX PURPOSE: GENERAL | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |