Paris Legacy Foundation Inc
- Assets
- $9.2m
- Revenue
- $1.1m
- Investments
- $8.6m
- Employees
- 0
- Location
- Paris, TX
- Founding
- 06/1997
- Data as of
- 12/2023
- 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 12/2023, Paris Legacy Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $553.5k during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 8 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 2016, Paris Legacy Foundation Inc has awarded 48 individual grants totaling $2,759,000. 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 | |
Barbara Wilson Trustee | 0 | $0 | |
Carl Cecil Secretary | 0 | $0 | |
Richard Amis Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $830,000 |
| Interest on Savings | $48,013 |
| Dividends & Interest | $265,280 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,198 |
| Capital Gain Net Income | $3,198 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $957 |
| Total Revenue | $1,147,448 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,828 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $90,678 |
| Total operating and administrative expenses | $93,506 |
| Contributions, gifts, grants paid | $460,000 |
| Total expenses and disbursements | $553,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,932 |
| Savings and temporary cash investments | $543,520 |
| 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 | $7,800 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,167,819 |
| 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 $460,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE KINGS DAUGHTERS PURPOSE: MEDICAL ASSISTANCE | $135,000 |
CO-MINISTRY PURPOSE: MEDICAL ASSISTANCE | $40,000 |
PARIS-LAMAR COUNTY HEALTH DEPT PURPOSE: HEALTH SERVICE PROVIDER | $65,000 |
PARIS JR COLLEGE-NURSING SCHOOL PURPOSE: NURSING SCHOOL LAB SUPPORT | $135,000 |
CITY SQUARE PURPOSE: INDIGENT HEALTHCARE | $40,000 |
DOWNTOWN FOOD PANTRY PURPOSE: FOOD PURCHASE ASSISTANCE | $45,000 |