Onward & Upward Initiative A Charitable Trust
- Assets
- $2.6m
- Revenue
- $3.5m
- Investments
- $2.1m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/1998
- Data as of
- 12/2023
- 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 12/2023, Onward & Upward Initiative A Charitable Trust generated $3.5m in total revenue. All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 7.5% per year over the past 8 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 | $3,033,122 |
| Interest on Savings | $971 |
| Dividends & Interest | $6,215 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $397,756 |
| Capital Gain Net Income | $397,756 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $73,736 |
| Total Revenue | $3,511,800 |
| 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 | $20 |
| Total operating and administrative expenses | $2,455,545 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,455,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $455,739 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,027 |
| 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 | $2,116,381 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,573,147 |
| Accounts payable and accrued expenses | $32,908 |
| 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 | $32,908 |
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 |
|---|---|
DALLAS JEWISH COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
HEARTBOUND MINISTRIES PURPOSE: GENERAL SUPPORT | $30,000 |
MAN IN THE MIRROR PURPOSE: GENERAL SUPPORT | $11,600 |