B B Owen Trust
- Assets
- $4.2m
- Revenue
- $407.6k
- Investments
- $1.9m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 02/1976
- Data as of
- 09/2023
- EIN
- 75-1385809
Organization Overview
B B Owen Trust is located in Dallas, TX. The organization was established in 1976. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. B B Owen 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 09/2023, B B Owen Trust generated $407.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.2m during the year ending 09/2023. While expenses have increased by 5.2% 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.
Since 2021, B B Owen Trust has awarded 62 individual grants totaling $2,382,500. 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 |
|---|---|---|---|
Monty Jackson Trustee As Needed | 0.5 | $49,000 | |
Wendell W Judd See Statement 5 Trustee As Needed | 0.5 | $33,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $272,030 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $135,548 |
| Capital Gain Net Income | $135,548 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $407,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $82,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,732 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,310 |
| Total operating and administrative expenses | $94,542 |
| Contributions, gifts, grants paid | $1,075,000 |
| Total expenses and disbursements | $1,169,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,863 |
| Savings and temporary cash investments | $2,049,406 |
| 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 | $4,169,986 |
| 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, B B Owen Trust has awarded $1,075,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CAPTAIN HOPE'S KIDS PURPOSE: OPERATIONS | $10,000 |
CHASE PLACE PURPOSE: OPERATIONSOPERATIONS | $5,000 |
CITY OF WESTON FIRE DEPT PURPOSE: OPERATIONS | $100,000 |
CITYSQUARE PURPOSE: OPERATIONS | $5,000 |
COLLIN CO CHILDRENS ADV CENTER PURPOSE: OPERATIONS | $50,000 |
FAMILY GATEWAY PURPOSE: OPERATIONS | $5,000 |