Ch Foundation
- Assets
- $204.5m
- Revenue
- $21.9m
- Investments
- $174.3m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 08/1979
- Data as of
- 12/2021
- EIN
- 75-1534816
Organization Overview
Ch Foundation is located in Lubbock, TX. The organization was established in 1979. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ch 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 12/2021, Ch Foundation generated $21.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $14.6m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 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 2014, Ch Foundation has awarded 806 individual grants totaling $76,655,328. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE - THE FOUNDATION'S SOLE ACTIVITY IS MAKING GRANTS TO EXEMPT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Ogletree Exective Dir | 0 | $139,832 | |
Cheryl Sanford Cfo/treasure | 0 | $89,100 | |
Heather Hocker Grant Admin/ | 0 | $89,100 | |
Kevin G Mcmahon President/tr | 0 | $2,000 | |
Kay Sanford Trustee | 0 | $2,000 | |
Kathy Gilbreath Trustee/vp | 0 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,308 |
| Dividends & Interest | $4,539,735 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,275,886 |
| Capital Gain Net Income | $12,275,886 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,096,390 |
| Total Revenue | $21,929,319 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $328,032 |
| Other employee salaries and wages | $3,885 |
| Pension plans, employee benefits | $24,627 |
| Interest | $533,120 |
| Taxes | $935,201 |
| Depreciation | $762,658 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,207 |
| Printing and publications | $0 |
| Other expenses | $113,158 |
| Total operating and administrative expenses | $3,670,122 |
| Contributions, gifts, grants paid | $10,905,615 |
| Total expenses and disbursements | $14,575,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $627,963 |
| 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 | $354,906 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $655,135 |
| Other assets | $28,572,692 |
| Total assets | $204,537,141 |
| 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 | $28,296,157 |
| Total liabilities | $28,296,157 |
Grants Awarded
Over the last fiscal year, Ch Foundation has awarded $10,905,615 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS TECH UNIVERSITY FOUNDATION PURPOSE: SUPPORT FOR TTU/TTUHSC | $2,016,720 |
LUBBOCK ENTERTAINMENT AND PERFORMIN PURPOSE: SUPPORT FOR BUDDY HOLLY HALL | $2,000,000 |
YWCA OF LUBBOCK PURPOSE: SUPPORT FOR Y ON UNIVERSITY | $1,550,000 |
SOUTH PLAINS COLLEGE PURPOSE: SUPPORT FOR DOWNTOWN CAMPUS | $1,000,000 |
CITY OF LUBBOCK PURPOSE: SUPPORT FOR DOWNTOWN CITY PARK | $500,000 |
LUBBOCK ENTERTAINMENT AND PERFORMIN PURPOSE: SUPPORT FOR OPERATING FUNDS | $493,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ch Foundation has recieved totaling $18.
| Awarding Organization | Amount |
|---|---|
Sally And Bernard Fuchs Charitable Foundation Houston, TX PURPOSE: PROGRAM SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
Perot Foundation Dallas, TX | $46,575,873 | $1,622,633 |
The Charles Butt Foundation San Antonio, TX | $7,229,103 | $6,060,986 |