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 12/2022, Maxine Durrett Earl Charitable Foundation Inc generated $349.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $382.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Maxine Durrett Earl Charitable Foundation Inc has awarded 125 individual grants totaling $1,923,428. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GRANTED FUNDS TO 16 DIFFERENT CHARITABLE ORGANIZATIONS IN THE POST AND SOUTH PLAINS REGION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Haire Pres-Director | 10 | $8,100 | |
Patricia Earl Secy/treasurer - Director | 3.07 | $0 | |
Linda Puckett Director | 5.23 | $8,100 | |
Curtis Hudman Director | 3.56 | $8,100 | |
Bill Aten Director | 3.56 | $5,450 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $1,024 |
Dividends & Interest | $72,952 |
Net Rental Income | $173,889 |
Net Gain on Sale of Assets | -$32,259 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $108,826 |
Total Revenue | $349,244 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $29,750 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $21,257 |
Depreciation | $3,868 |
Occupancy | $0 |
Travel, conferences, and meetings | $1,202 |
Printing and publications | $0 |
Other expenses | $12,888 |
Total operating and administrative expenses | $107,258 |
Contributions, gifts, grants paid | $274,839 |
Total expenses and disbursements | $382,097 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $166,650 |
Net Accounts receivable | $1,700 |
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 | $430,269 |
Investments—mortgage loans | $0 |
Investments—other | $3,889,267 |
Net Land, buildings, and equipment | $0 |
Other assets | $589,724 |
Total assets | $5,077,610 |
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 |
Over the last fiscal year, Maxine Durrett Earl Charitable Foundation Inc has awarded $274,839 in support to 16 organizations.
Grant Recipient | Amount |
---|---|
ABILENE CHRISTIAN UNIVERSITY PURPOSE: GRANT TO PROVIDE SCHOLARSHIPS. | $10,000 |
GARZA COUNTY TRAILBLAZERS PURPOSE: GRANT TO PROVIDE FUNDS FOR OPERATING EXPENSES. | $25,000 |
LUBBOCK CHRISTIAN UNIVERSITY PURPOSE: GRANT TO PROVIDE SCHOLARSHIPS. | $10,000 |
MCMURRY UNIVERSITY PURPOSE: GRANT TO PROVIDE SCHOLARSHIPS. | $10,000 |
HARDIN SIMMONS UNIVERSITY PURPOSE: GRANT TO PROVIDE SCHOLARSHIPS. | $10,000 |
POST ANIMAL REFUGE CENTER PURPOSE: GRANT TO PROVIDE FUNDS TO BUILD SHELTERS AND PAY OPERATING COSTS. | $10,000 |