Van Cliburn Trust Fund
- Assets
- $19.9m
- Revenue
- $923.9k
- Investments
- $1.3m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 08/1988
- Data as of
- 06/2023
- EIN
- 75-2231693
Organization Overview
Van Cliburn Trust Fund is located in Fort Worth, TX. The organization was established in 1988. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Van Cliburn Trust Fund 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, Van Cliburn Trust Fund generated $923.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE VAN CLIBURN TRUST IS ORGANIZED TO SUPPORT THE VAN CLIBURN FOUNDATION, INC. IN ITS MISSION TO ADVANCE CLASSICAL PIANO MUSIC THROUGHOUT THE WORLD THROUGH INTERNATIONAL PIANO COMPETITIONS AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VAN CLIBURN TRUST IS ORGANIZED TO SUPPORT THE VAN CLIBURN FOUNDATION, INC. IN ITS MISSION TO ADVANCE CLASSICAL PIANO MUSIC THROUGHOUT THE WORLD THROUGH INTERNATIONAL PIANO COMPETITIONS AND PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory L Mccoy Trustee | Trustee | 1 | $0 |
Jeffrey B King Trustee | Trustee | 1 | $0 |
Randall C Gideon Trustee | Trustee | 1 | $0 |
Douglas K Bratton Trustee | Trustee | 1 | $0 |
Kevin Avondet Trustee | Trustee | 1 | $0 |
P Bradley Lummis Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $533,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $533,000 |
| Total Program Service Revenue | $0 |
| Investment income | $471,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$80,262 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $923,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $642,284 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $25,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $21 |
| Total functional expenses | $667,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $629,439 |
| Accounts receivable, net | $17,970 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,877,334 |
| Investments—other securities | $1,333,669 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,859,412 |
| Accounts payable and accrued expenses | $5,729 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,660,918 |
| Total liabilities | $1,666,647 |
| Net assets without donor restrictions | $3,181,587 |
| Net assets with donor restrictions | $15,011,178 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,859,412 |