Bill Pace Cogdell Charitable Trust
- Assets
- $5.9m
- Revenue
- $778.0k
- Investments
- $4.0m
- Employees
- 0
- Location
- Midland, TX
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 75-2737902
Organization Overview
Bill Pace Cogdell Charitable Trust is located in Midland, TX. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bill Pace Cogdell 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 12/2022, Bill Pace Cogdell Charitable Trust generated $778.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $378.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol C Subia Trustee | 40 | $115,065 | |
Dennis Sever Trustee | 10 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,989 |
| Interest on Savings | $6,836 |
| Dividends & Interest | $121,081 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $328,436 |
| Capital Gain Net Income | $328,436 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $319,625 |
| Total Revenue | $777,967 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,065 |
| Other employee salaries and wages | $20,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,164 |
| Depreciation | $978 |
| Occupancy | $22,992 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $68,837 |
| Total operating and administrative expenses | $237,536 |
| Contributions, gifts, grants paid | $140,573 |
| Total expenses and disbursements | $378,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,875,604 |
| 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 | $2,480 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $10 |
| Other assets | $10,540 |
| Total assets | $5,850,155 |
| 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, Bill Pace Cogdell Charitable Trust has awarded $140,573 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UTPB PURPOSE: COLLEGE TUITION AND BOOKS | $68,957 |
MULTI-RECIPIENT PURPOSE: PAYMENTS OF BOOKS AND OTHER EDUCATION COSTS. | $11,437 |
MIDLAND COLLEGE PURPOSE: SUPPORT EDUCATIONAL NEEDS OF STUDENTS | $60,179 |