John L & Ethel Mccarty Foundation Trust
- Assets
- $502.9k
- Revenue
- $262.0k
- Investments
- $378.3k
- Employees
- 0
- Location
- Lampasas, TX
- Founding
- 12/1996
- Data as of
- 12/2023
- EIN
- 75-2665416
Organization Overview
John L & Ethel Mccarty Foundation Trust is located in Lampasas, TX. The organization was established in 1996. 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. John L & Ethel Mccarty Foundation Trust 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 12/2023, John L & Ethel Mccarty Foundation Trust generated $262.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 41.5% each year . All expenses for the organization totaled $144.1k during the year ending 12/2023. While expenses have increased by 32.7% per year over the past 9 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 2015, John L & Ethel Mccarty Foundation Trust has awarded 183 individual grants totaling $281,670. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack N Clark Trustee | 5 | $0 | |
Megan Tabor Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,000 |
| Total Revenue | $262,000 |
| 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 | $0 |
| Total operating and administrative expenses | $600 |
| Contributions, gifts, grants paid | $143,520 |
| Total expenses and disbursements | $144,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,550 |
| Savings and temporary cash investments | $0 |
| 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 | $378,316 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $502,866 |
| 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, John L & Ethel Mccarty Foundation Trust has awarded $143,520 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
LACY BELL BENDER PURPOSE: SCHOLARSHIP | $1,000 |
HENRY CALVERY PURPOSE: SCHOLARSHIP | $5,000 |
LYLA SKILES PURPOSE: SCHOLARSHIP | $4,000 |
MIKE GONZALES PURPOSE: SCHOLARSHIP | $1,200 |
EMILY BRISTER PURPOSE: SCHOLARSHIP | $1,000 |
THOMAS KIRK PURPOSE: SCHOLARSHIP | $1,000 |