Paris Legacy Foundation Inc
- Assets
- $7.7m
- Revenue
- $897.9k
- Investments
- $7.3m
- Employees
- 0
- Location
- Paris, TX
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 75-2198726
Organization Overview
Paris Legacy Foundation Inc is located in Paris, TX. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paris Legacy 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, Paris Legacy Foundation Inc generated $897.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $475.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Paris Legacy Foundation Inc has awarded 42 individual grants totaling $2,228,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Lassiter Trustee | 0 | $0 | |
Brad Hutchison Trustee | 0 | $0 | |
E Sims Norment Chairman | 0 | $0 | |
Carl Cecil Secretary | 0 | $0 | |
Richard Amis Trustee | 0 | $0 | |
Barbara Wilson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23 |
| Dividends & Interest | $227,832 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $668,728 |
| Capital Gain Net Income | $668,728 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,348 |
| Total Revenue | $897,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,466 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85,980 |
| Total operating and administrative expenses | $95,446 |
| Contributions, gifts, grants paid | $380,000 |
| Total expenses and disbursements | $475,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $481,860 |
| 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 | $4,360 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,900 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,749,974 |
| 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, Paris Legacy Foundation Inc has awarded $380,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE KINGS DAUGHTERS PURPOSE: MEDICAL ASSISTANCE | $130,000 |
PARIS JR COLLEGE-NURSING SCHOOL PURPOSE: NURSING SCHOOL LAB SUPPORT | $90,000 |
PARIS-LAMAR COUNTY HEALTH DEPT PURPOSE: HEALTH SERVICE PROVIDER | $55,000 |
DOWNTOWN FOOD PANTRY PURPOSE: FOOD PURCHASE ASSISTANCE | $45,000 |
CO-MINISTRY PURPOSE: MEDICAL ASSISTANCE | $30,000 |
LAMAR COUNTY HUMAN RESOURCES PURPOSE: MEAL SERVICES | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Paris Legacy Foundation Inc has recieved totaling $760,000.
| Awarding Organization | Amount |
|---|---|
L P Mccuistion Sanitarium Foundation Paris, TX PURPOSE: MEDICAL ASSSISTANCE | $380,000 |
L P Mccuistion Sanitarium Foundation Paris, TX PURPOSE: MEDICAL ASSSISTANCE | $380,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Texas Rehab Tr Wichita Falls, TX | $0 | $190,992 |
Oldham Little Church Foundation Houston, TX | $30,137,970 | $4,323,104 |
Susan Vaughan Foundation Inc Houston, TX | $23,902,558 | $2,793,017 |
Philanthropy Southwest Dallas, TX | $1,640,752 | $1,479,190 |
George William Patton & Mary Patton Foundation Trust B Dallas, TX | $13,113,675 | $1,965,133 |
Marketplace Ministries Foundation Plano, TX | $11,873,944 | $1,668,158 |
Paris Legacy Foundation Inc Paris, TX | $7,749,974 | $897,931 |
Fund For Change Santa Fe, NM | $531,456 | $472,266 |
Heart Trust Wichita Falls, TX | $4,914,220 | $475,077 |
Cancer Trust Wichita Falls, TX | $4,914,220 | $475,077 |
Boys Ranch Tr Wichita Falls, TX | $4,914,220 | $475,077 |
North Arkansas Medical Foundation Harrison, AR | $1,182,854 | $844,656 |