I D & Marguerite Fairchild Foundation
- Assets
- $2.8m
- Revenue
- $128.2k
- Investments
- $2.6m
- Employees
- 0
- Location
- Lufkin, TX
- Founding
- 09/1978
- Data as of
- 06/2023
- EIN
- 75-1572514
Organization Overview
I D & Marguerite Fairchild Foundation is located in Lufkin, TX. The organization was established in 1978. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I D & Marguerite Fairchild 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 06/2023, I D & Marguerite Fairchild Foundation generated $128.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $299.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, I D & Marguerite Fairchild Foundation has awarded 53 individual grants totaling $2,129,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C James Haley Jr Director | 0 | $0 | |
Mary Duncan Secretary | 0 | $0 | |
Phil Medford President | 0 | $0 | |
Jay Shands Director | 0 | $0 | |
Bob Flournoy Director | 0 | $0 | |
Ellen Temple Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,783 |
| Net Rental Income | $5,634 |
| Net Gain on Sale of Assets | $21,449 |
| Capital Gain Net Income | $21,449 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $54,323 |
| Total Revenue | $128,189 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,393 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,954 |
| Total operating and administrative expenses | $31,254 |
| Contributions, gifts, grants paid | $268,000 |
| Total expenses and disbursements | $299,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,613 |
| 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 | $126,093 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,022,846 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,064 |
| Total assets | $2,792,230 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $401,095 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,661 |
| Total liabilities | $402,756 |
Grants Awarded
Over the last fiscal year, I D & Marguerite Fairchild Foundation has awarded $268,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MUSEUM OF EAST TEXAS PURPOSE: EDUCATION AND ENDOWMENT | $30,000 |
ELLEN TROUT ZOO PURPOSE: ANIMAL ACQUISITION | $20,000 |
TLL TEMPLE LIBRARY PURPOSE: GENERAL OPERATIONS | $20,000 |
MCMULLEN MEMORIAL LIBARY PURPOSE: GENERAL OPERATIONS | $5,000 |
KURTH MEMORIAL LIBRARY PURPOSE: GENERAL OPERATION | $20,000 |
MCMULLEN MEMORIAL LIBARY PURPOSE: GENERAL OPERATIONS | $5,000 |