Collins-Binkley Foundation Inc
- Assets
- $3.4m
- Revenue
- $315.7k
- Investments
- $2.1m
- Employees
- 0
- Location
- Mckinney, TX
- Founding
- 02/1981
- Data as of
- 12/2021
- EIN
- 75-1740333
Organization Overview
Collins-Binkley Foundation Inc is located in Mckinney, TX. The organization was established in 1981. 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. Collins-Binkley Foundation Inc 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, Collins-Binkley Foundation Inc generated $315.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $187.6k during the year ending 12/2021. 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
THE FOUNDATION OPERATES A MUSEUM THAT IS DEDICATED TO THE PRESERVATION AND PUBLIC DISPLAY OF ARTIFACTS AND MEMORABILIA RELATED TO JAZZ MUSIC AND THE HISTORY THEREOF; AND TO EDUCATE VISITORS CONCERNING THAT MUSIC GENRE AND PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William W Collins III Pres/ Director | 30 | $49,000 | |
Catherine D Collins Museum Curator | 30 | $49,000 | |
Richard W Collins Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $85,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $56,739 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $172,378 |
| Capital Gain Net Income | $172,378 |
| Net ST Capital Gain | $22,974 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,535 |
| Total Revenue | $315,652 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $98,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $13,540 |
| Interest | $0 |
| Taxes | $8,550 |
| Depreciation | $16,996 |
| Occupancy | $15,947 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,627 |
| Total operating and administrative expenses | $187,576 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $187,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,162 |
| Savings and temporary cash investments | $114,715 |
| 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 | $1,471,453 |
| Net Land, buildings, and equipment | $417,967 |
| Other assets | $775,469 |
| Total assets | $3,423,738 |
| 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 |
Peer Organizations
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|---|---|---|
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J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
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 |