Maxine Durrett Earl Charitable Foundation Inc
- Assets
- $5.1m
- Revenue
- $274.8k
- Investments
- $4.0m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 10/1994
- Data as of
- 12/2021
- EIN
- 75-2539386
Organization Overview
Maxine Durrett Earl Charitable Foundation Inc is located in Lubbock, TX. The organization was established in 1994. 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. Maxine Durrett Earl Charitable 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, Maxine Durrett Earl Charitable Foundation Inc generated $274.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $403.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Maxine Durrett Earl Charitable Foundation Inc has awarded 91 individual grants totaling $1,451,955. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GRANTED FUNDS TO 17 DIFFERENT CHARITABLE ORGANIZATIONS IN THE POST AND SOUTH PLAINS REGION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Hudman Director | 3.56 | $9,825 | |
John Haire Pres-Director | 10 | $7,950 | |
Linda Puckett Director | 5.23 | $7,950 | |
Bill Bennett 0121 - 0521 Director | 2.3 | $5,300 | |
Patricia Earl Secy/treasurer - Director | 3.07 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $131 |
| Dividends & Interest | $60,548 |
| Net Rental Income | $54,754 |
| Net Gain on Sale of Assets | $64,588 |
| Capital Gain Net Income | $64,588 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $76,277 |
| Total Revenue | $274,822 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,025 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,519 |
| Depreciation | $3,868 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,012 |
| Printing and publications | $0 |
| Other expenses | $7,386 |
| Total operating and administrative expenses | $118,845 |
| Contributions, gifts, grants paid | $284,425 |
| Total expenses and disbursements | $403,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $107,085 |
| 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 | $434,137 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,979,517 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $589,724 |
| Total assets | $5,110,463 |
| 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, Maxine Durrett Earl Charitable Foundation Inc has awarded $284,425 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Post, TX PURPOSE: GRANT TO PROVIDE SCHOLARSHIPS. | $71,000 |
SOUTHLAND INDEPENDENT SCHOOL DISTRICT PURPOSE: GRANT TO ASSIST THE SCHOOL. | $29,800 |
Post, TX PURPOSE: GRANT FOR CONSTRUCTION OF BUILDING FOR AMBULANCE. | $28,465 |
Post, TX PURPOSE: GRANT TO PROVIDE FUNDS FOR OPERATING EXPENSES. | $25,000 |
TEXAS TECH UNIVERSITY PURPOSE: HISTORY, ARCHITECTURE AND POLITICAL SCIENCE DEPARTMENT SCHOLARSHIPS | $20,000 |
GARZA COUNTY JUNIOR LIVESTOCK ASSOCIATION PURPOSE: GRANTS TO PROVIDE FUNDS FOR OPERATING EXPENSES. | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |