Meals On Wheels Inc Of Tarrant County Endowment Fund
- Assets
- $3.5m
- Revenue
- $534.7k
- Investments
- $895.6k
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 04/1997
- Data as of
- 09/2022
- EIN
- 75-2621700
Organization Overview
Meals On Wheels Inc Of Tarrant County Endowment Fund is located in Fort Worth, TX. The organization was established in 1997. According to its NTEE Classification (K36) the organization is classified as: Meals on Wheels, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meals On Wheels Inc Of Tarrant County Endowment 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 09/2022, Meals On Wheels Inc Of Tarrant County Endowment Fund generated $534.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.9% each year . All expenses for the organization totaled $251.9k during the year ending 09/2022. While expenses have increased by 11.2% per year over the past 7 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, Meals On Wheels Inc Of Tarrant County Endowment Fund has awarded 18 individual grants totaling $1,412,676. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE, INVEST AND MANAGE CONTRIBUTIONS FOR THE EXCLUSIVE BENEFIT OF MEALS ON WHEELS INC OF TARRANT COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RECEIVE, INVEST AND MANAGE CONTRIBUTIONS FOR THE BENEFIT OF MEALS AND WHEELS, INC. OF TARRANT COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Quentin Mcgown Chairman | OfficerTrustee | 1 | $0 |
Donald W Buescher Vice Chairman | OfficerTrustee | 1 | $0 |
Kurt Kulpa Sec/treas | OfficerTrustee | 1 | $0 |
Carla Jutson President & CEO | Officer | 5 | $0 |
Leslie Fraser VP Of Fin | Officer | 5 | $0 |
Barbara Robovsky Senior VP | Officer | 5 | $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 | $357,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,318 |
| Total Program Service Revenue | $0 |
| Investment income | $66,949 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $110,406 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $534,673 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $221,500 |
| 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 | $4,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,500 |
| Fees for services: Investment Management | $18,982 |
| 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 | $1,598 |
| All other expenses | $0 |
| Total functional expenses | $251,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,958 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $179,247 |
| 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 | $2,217,043 |
| Investments—other securities | $895,576 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,495,824 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,144,935 |
| Net assets with donor restrictions | $2,350,889 |
| 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 | $3,495,824 |
Grants Awarded
Over the last fiscal year, Meals On Wheels Inc Of Tarrant County Endowment Fund has awarded $221,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Worth, TX PURPOSE: MEALS TO CLIENTS | $156,400 |
Fort Worth, TX PURPOSE: TO PROVIDE CLIENT SERVICES | $65,100 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Meals On Wheels Inc Of Tarrant County Endowment Fund has recieved totaling $178,998.
| Awarding Organization | Amount |
|---|---|
The Morris Foundation Fort Worth, TX PURPOSE: NUTRITION PROGRAM | $100,000 |
Thomas M & Helen Mckee & John P Ryan Foundation Inc Fort Worth, TX PURPOSE: NUTRITION PROGRAM | $40,000 |
Alcon Foundation Fort Worth, TX PURPOSE: COMMUNITY | $17,000 |
Ken W Davis Foundation Fort Worth, TX PURPOSE: GENERAL OPERATING FUND | $10,000 |
Isla Carroll Turner Friendship Tr Houston, TX PURPOSE: FOOD SERVICE FOR SENIORS | $10,000 |
Textron Charitable Trust 540 008 Providence, RI PURPOSE: MATCHING GIFT TO HEALTH & HUMAN SERVICES AGENCY | $1,273 |
Endowment Analysis
| Beg. Balance | $4,076,973 |
| Earnings | -$686,587 |
| Admin Expense | $18,981 |
| Net Contributions | $357,318 |
| Grants | $232,899 |
| Ending Balance | $3,495,824 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meals On Wheels And More Inc Austin, TX | $24,535,746 | $25,770,076 |
Meals-On-Wheels Inc Of Tarrant Fort Worth, TX | $17,566,191 | $12,671,195 |
Meals On Wheels Of Metro Tulsa Inc Tulsa, OK | $15,018,842 | $11,740,152 |
Meals On Wheels Ministry Inc Tyler, TX | $4,907,342 | $4,374,520 |
Wheatheart Nutrition Project Inc Blackwell, OK | $898,415 | $2,998,615 |
Meals On Wheels Plus Incorporated Abilene, TX | $15,950,146 | $4,178,368 |
Southern Oklahoma Nutrition Program Ada, OK | $190,544 | $2,314,699 |
Lubbock Meals On Wheels Inc Lubbock, TX | $13,261,548 | $3,004,945 |
Albuquerque Meals On Wheels Inc Albuquerque, NM | $2,326,004 | $1,805,043 |
Metroport Meals On Wheels Inc Roanoke, TX | $1,192,319 | $1,612,000 |
Meals On Wheels Of Palestine Inc Palestine, TX | $1,558,328 | $1,049,003 |
Meals On Wheels Of Odessa Incorporated Odessa, TX | $3,259,935 | $1,074,852 |