Gladney Fund
- Assets
- $29.8m
- Revenue
- $2.4m
- Investments
- $82.5k
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 04/1992
- Data as of
- 08/2021
- EIN
- 75-2414153
Organization Overview
Gladney Fund is located in Fort Worth, TX. The organization was established in 1992. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gladney 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 08/2021, Gladney Fund generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.7m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GLADNEY FUND EXISTS TO HELP FUND BRIGHT FUTURES THROUGH ADOPTION. THE VOLUNTEER BOARD PROVIDES FINANCIAL AND ENDOWMENT MANAGEMENT SUPPORT SERVICES FOR THE GLADNEY CENTER FOR ADOPTION.
Describe the Organization's Program Activity:
THE GLADNEY FUND EXISTS TO PROVIDE CONTINUOUS SUPPORT TO THE GLADNEY CENTER. DURING THE YEAR, ITS FINANCIAL SUPPORT ASSISTED THE CENTER IN PLACING 129 CHILDREN WITH ADOPTIVE PARENTS. THE EFFORTS OF THE VOLUNTEER BOARD CONSIST OF INVESTMENT MANAGEMENT OF THE ORGANIZATION'S ENDOWMENT AND FINANCIAL COORDINATION OF THE ANNUAL FUNDS PROVIDED TO THE CENTER FOR OPERATING SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Maresco Chair | OfficerTrustee | 2 | $0 |
Dan Connally Treasurer | OfficerTrustee | 2 | $0 |
Barry Twomey Director | Trustee | 2 | $0 |
Cullen Thomason Director | Trustee | 2 | $0 |
Kevin Mccarthy Director | Trustee | 2 | $0 |
Frank Knapp Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,865 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,865 |
| Total Program Service Revenue | $0 |
| Investment income | $828,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,533,412 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,368,099 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,577,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,159 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,562 |
| 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 | $9,256 |
| All other expenses | $0 |
| Total functional expenses | $1,696,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,705 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,200 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $29,708,750 |
| Investments—other securities | $82,468 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,798,123 |
| Accounts payable and accrued expenses | $21,877 |
| 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 | $85,065 |
| Total liabilities | $106,942 |
| Net assets without donor restrictions | $8,341,743 |
| Net assets with donor restrictions | $21,349,438 |
| 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 | $29,798,123 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Gladney Fund has recieved totaling $595,079.
| Awarding Organization | Amount |
|---|---|
Marsal Family Foundation New York, NY PURPOSE: FINANCIAL SUPPORT | $563,600 |
Tuw Rachel Lyman Charitable Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $30,955 |
Loucks Family Foundation Midlothian, VA PURPOSE: ADOPTION AND MATERNITY PROGRAMS | $500 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $24 |
Endowment Analysis
| Beg. Balance | $18,505,338 |
| Earnings | $3,546,526 |
| Net Contributions | $7,751 |
| Other Expense | $704,176 |
| Ending Balance | $21,349,439 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cal Farleys Boys Ranch Foundation Amarillo, TX | $353,153,021 | $39,306,291 |
Collaborative For Children Houston, TX | $4,167,922 | $11,693,599 |
All Church Home For Children Foundation Fort Worth, TX | $118,594,523 | $22,732,267 |
Tafb-Spe Fort Worth, TX | $0 | $5,833,618 |
Vogel Alcove Foundation Dallas, TX | $9,750,869 | $194,747 |
Salesmanship Club Charitable Golf Of Dallas Inc Dallas, TX | $8,698,636 | $3,698,308 |
Foundation For Depelchin Childrens Center Houston, TX | $123,667,636 | $6,194,433 |
Happy Hill Farm Childrens Home Endowment Foundation Granbury, TX | $19,140,603 | -$2,043,061 |
Lee Moor Childrens Home Trust Estate El Paso, TX | $68,806,563 | $8,958,726 |
Halftime Institute Irving, TX | $1,087,159 | $1,969,897 |
Lena Pope Foundation Inc Fort Worth, TX | $49,220,711 | $4,881,969 |
Gladney Fund Fort Worth, TX | $29,798,123 | $2,368,099 |