Onward & Upward Initiative A Charitable Trust
- Assets
- $0.0
- Revenue
- $2.6m
- Investments
- $894.0k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/1998
- Data as of
- 12/2020
- EIN
- 75-2707910
Organization Overview
Onward & Upward Initiative A Charitable Trust is located in Dallas, TX. The organization was established in 1998. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Onward & Upward Initiative A Charitable 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 12/2020, Onward & Upward Initiative A Charitable Trust generated $2.6m in total revenue. All expenses for the organization totaled $1.7m during the year ending 12/2020. While expenses have increased by 3.2% 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,514,551 |
| Interest on Savings | $3,753 |
| Dividends & Interest | $5,673 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,153 |
| Total Revenue | $2,586,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,662,593 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,662,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,390,805 |
| Investments—mortgage loans | $0 |
| Investments—other | $894,013 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Onward & Upward Initiative A Charitable Trust has awarded $51,600 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: GENERAL SUPPORT | $30,000 |
Casselberry, FL PURPOSE: GENERAL SUPPORT | $11,600 |
Dallas, TX PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Angelo Area Foundation San Angelo, TX | $221,834,647 | $42,062,458 |
Mercy Ships Foundation Lindale, TX | $100,019,661 | $12,520,932 |
Texas Womens Foundation Dallas, TX | $33,197,240 | $8,443,158 |
Gayle And Tom Benson Charitablefoundation Metairie, LA | $44,526 | $10,673,881 |
The Oscar J Tolmas Charitable Trust Metairie, LA | $58,086,420 | $4,279,649 |
The University Of Texas At Tyler Education Inc Tyler, TX | $0 | $51,128 |
University Of Arkansas Technology Development Foundation Fayetteville, AR | $18,380,736 | $2,093,754 |
Butcher Fund Houston, TX | $0 | $254,062 |
Lensic Performing Arts Center Corporation Santa Fe, NM | $15,012,313 | $4,156,320 |
John R & Greli N Less Charitable Trust San Antonio, TX | $117,218,576 | $120,089,499 |
St Davids Community Health Foundation Initiatives Austin, TX | $27,867,184 | $2,942,176 |
Crow Family Foundation Inc Dallas, TX | $48,525 | $3,503 |