Snell Charitable Foundation Inc
- Assets
- $2.4m
- Revenue
- $105.9k
- Investments
- $1.4m
- Employees
- 0
- Location
- Vernon, TX
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 75-2707017
Organization Overview
Snell Charitable Foundation Inc is located in Vernon, TX. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Snell 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, Snell Charitable Foundation Inc generated $105.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.0% each year . All expenses for the organization totaled $241.9k during the year ending 12/2021. While expenses have increased by 13.6% per year over the past 6 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 2017, Snell Charitable Foundation Inc has awarded 52 individual grants totaling $656,500. 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
GIFTS AND BEQUESTS TO OTHER 501 (C) 3 ORGANIZATIONS TO FURTHER A VARIETY OF CHARITABLE, EDUCATIONAL, CULTURAL AND SCIENTIFIC ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann S Bumstead Sec.-Treasurer | 5 | $0 | |
Sara Jane Wood First V. P. | 0 | $0 | |
Robert D Snell President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $896 |
| Dividends & Interest | $63,468 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,714 |
| Capital Gain Net Income | $40,714 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $818 |
| Total Revenue | $105,896 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,084 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $36,865 |
| Contributions, gifts, grants paid | $205,000 |
| Total expenses and disbursements | $241,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $940,810 |
| 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 | $67,400 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,359,184 |
| 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 | $407 |
| Total liabilities | $407 |
Grants Awarded
Over the last fiscal year, Snell Charitable Foundation Inc has awarded $205,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Vernon, TX PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ENTITY | $63,000 |
RED RIVER VALLEY MUSEUM PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ENTITY | $25,000 |
Lubbock, TX PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ENTITY | $25,000 |
Vernon, TX PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ENTITY | $25,000 |
Wichita Falls, TX PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ENTITY. | $22,000 |
VERNON COLLEGE FOUNDATION PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ENTITY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |