The Pineywoods Foundation
- Assets
- $1.9m
- Revenue
- $58.6k
- Investments
- $1.9m
- Employees
- 0
- Location
- Lufkin, TX
- Founding
- 02/1984
- Data as of
- 12/2023
- EIN
- 75-1922533
Organization Overview
The Pineywoods Foundation is located in Lufkin, TX. The organization was established in 1984. 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. Pineywoods 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 12/2023, Pineywoods Foundation generated $58.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $130.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Pineywoods Foundation has awarded 135 individual grants totaling $953,081. 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 |
|---|---|---|---|
Jay Anderson Secretary | 1 | $0 | |
George Henderson III Treasurer | 1 | $0 | |
Kevin Smithhart V Chairman | 1 | $0 | |
David Perkins Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,435 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,202 |
| Capital Gain Net Income | $5,202 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,092 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,582 |
| Other expenses | $1,075 |
| Total operating and administrative expenses | $30,251 |
| Contributions, gifts, grants paid | $100,631 |
| Total expenses and disbursements | $130,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,199 |
| 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 | $1,225 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $993,708 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,890,191 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $134,043 |
| 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 | $134,043 |
Grants Awarded
Over the last fiscal year, The Pineywoods Foundation has awarded $100,631 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BUCKNER CHILDREN AND FAMILY SERVICE PURPOSE: PARTIALLY COVER COST OF EQUIPMENT AND RENOVATIONS FOR EXPANDED LAUDRY FACILITIES | $16,000 |
J R HUFFMAN PUBLIC LIBRARY INC PURPOSE: TO PURCHASE A NEW DOOR WITH DROP SLOT BOX | $4,631 |
GEORGE HENDERSON JR EXPO CENTER PURPOSE: MIKE MATHIS MEMORIAL | $20,000 |
SALVATION ARMY PURPOSE: GENERAL OPERATIONS | $5,000 |
STUBBLEFIELD LEARNING CENTER PURPOSE: FOR GENERAL OPERATIONS | $10,000 |
LUFKIN NEIGHBORHOOD STRONG PURPOSE: RENOVATION AND REPAIR OF OWNER-OCCUPIED HOMES | $15,000 |