James And Elizabeth Sowell Foundation
- Assets
- $5.6m
- Revenue
- $62.6k
- Investments
- $3.1m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/1996
- Data as of
- 12/2021
- EIN
- 75-2641436
Organization Overview
James And Elizabeth Sowell Foundation is located in Dallas, TX. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. James And Elizabeth Sowell Foundation 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, James And Elizabeth Sowell Foundation generated $62.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (34.6%) each year. All expenses for the organization totaled $566.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Sowell President/director | 1 | $0 | |
Benjamin A Lurie Secretary/treasurer/direct | 1 | $0 | |
Zachary E Sowell Director | 1 | $0 | |
Elizabeth F Sowell Vice President/director | 1 | $0 | |
Larry James Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,971 |
| Dividends & Interest | $93,335 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$34,625 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $872 |
| Total Revenue | $62,553 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,317 |
| Total operating and administrative expenses | $1,317 |
| Contributions, gifts, grants paid | $565,020 |
| Total expenses and disbursements | $566,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,519,907 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $27,048 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,623,309 |
| 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, James And Elizabeth Sowell Foundation has awarded $1,115,020 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITYSQUARE PURPOSE: CHARITABLE | $565,020 |
Dallas, TX PURPOSE: GENERAL SUPPORT | $450,000 |
UT SOUTHWESTERN MEDICAL CENTER PURPOSE: SURF1 PROJECT CLINICAL TRIALS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater Houston Houston, TX | $90,238,589 | $64,032,577 |
United Way Of Metropolitan Dallas Inc Dallas, TX | $52,867,984 | $61,265,319 |
United Way Of San Antonio & Bexar County San Antonio, TX | $74,846,616 | $63,219,295 |
United Way Of Tarrant County Fort Worth, TX | $18,831,781 | $22,745,265 |
United Way For Greater Austin Austin, TX | $12,924,459 | $23,251,775 |
Tulsa Area United Way Tulsa, OK | $38,352,626 | $26,094,881 |
United Way Of Denton County Inc Denton, TX | $7,662,302 | $25,065,055 |
United Way Of Central Oklahoma Oklahoma City, OK | $31,400,744 | $22,733,637 |
Circle Of Life Springdale, AR | $23,639,439 | $20,357,791 |
United Way Of Central New Mexico Albuquerque, NM | $25,758,904 | $18,629,053 |
Valero Energy Foundation San Antonio, TX | $27,234,889 | $9,027,256 |
Jewish Federation Of Greater Houston Houston, TX | $13,164,896 | $16,157,692 |