Chaparral Foundation
- Assets
- $10.5m
- Revenue
- $478.7k
- Investments
- $10.5m
- Employees
- 0
- Location
- Midland, TX
- Founding
- 11/1997
- Data as of
- 12/2022
- EIN
- 75-2707574
Organization Overview
Chaparral Foundation is located in Midland, TX. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public 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. Chaparral 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 12/2022, Chaparral Foundation generated $478.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $630.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Chaparral Foundation has awarded 299 individual grants totaling $11,241,573. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
DISTRIBUTION OF FUNDS TO SUPPORT CHARITABLE, RELIGIOUS, LETERARY, SCIENTIFIC AND EDUCATIONAL PURPOSES TO OTHER ENTITIES ENGAGE IN SUCH PURPOSES. SEE SCHEDULE ATTACHED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Tevis Herd President | 0 | $0 | |
Holly Herd Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,642 |
| Dividends & Interest | $168,543 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $108,849 |
| Capital Gain Net Income | $108,849 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $194,680 |
| Total Revenue | $478,714 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,377 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60,908 |
| Total operating and administrative expenses | $130,761 |
| Contributions, gifts, grants paid | $500,000 |
| Total expenses and disbursements | $630,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,358 |
| 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 | $1,093,728 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $794 |
| Total assets | $10,530,640 |
| 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, Chaparral Foundation has awarded $500,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
2002 BRIDGE OF HOPE AFRICA MINISTIES PURPOSE: GENERAL OPERATIONS | $7,000 |
APHASIA CENTER OF WEST TEXAS PURPOSE: GENERAL OPERATIONS | $5,000 |
BUCKNER CHILDREN & FAMILY SERVICES PURPOSE: GENERAL OPERATIONS | $10,000 |
CHRIST CHURCH ANGLICAN PURPOSE: GENERAL OPERATIONS / CAPITAL CAMPAIGN / PLEDGE | $235,000 |
CENTERS FOR CHILDREN & FAMILIES INC PURPOSE: GENERAL OPERATIONS | $10,000 |
FAMILY PROMISE PURPOSE: GENERAL OPERATIONS | $7,500 |