Charles C Matthews Foundation
- Assets
- $14.4m
- Revenue
- $1.5m
- Investments
- $12.1m
- Employees
- 0
- Location
- Carthage, TX
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 75-2741045
Organization Overview
Charles C Matthews Foundation is located in Carthage, TX. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Charles C Matthews 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 12/2021, Charles C Matthews Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles C Matthews Foundation has awarded 200 individual grants totaling $5,661,711. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Underwood Trustee | 0 | $52,000 | |
Richard Ballenger Trustee | 0 | $52,000 | |
Jimmy D Payne Trustee | 0 | $52,000 | |
Vermoyn D Reeder Trustee | 0 | $52,000 | |
David Bush Trustee | 0 | $52,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $179 |
| Dividends & Interest | $231,984 |
| Net Rental Income | $5,295 |
| Net Gain on Sale of Assets | $361,646 |
| Capital Gain Net Income | $373,650 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $940,744 |
| Total Revenue | $1,541,553 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $260,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,383 |
| Depreciation | $17,450 |
| Occupancy | $1,900 |
| Travel, conferences, and meetings | $440 |
| Printing and publications | $0 |
| Other expenses | $42,860 |
| Total operating and administrative expenses | $352,033 |
| Contributions, gifts, grants paid | $655,427 |
| Total expenses and disbursements | $1,007,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $302,651 |
| 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 | $13,260 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,114,254 |
| Net Land, buildings, and equipment | $1,852,284 |
| Other assets | $160,239 |
| Total assets | $14,426,298 |
| 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, Charles C Matthews Foundation has awarded $655,427 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF CARTHAGE PURPOSE: ALL ABILITIES PARK | $215,000 |
CARTHAGE ISD FOUNDATION PURPOSE: SCHOLARSHIPS | $100,000 |
Carthage, TX PURPOSE: SCHOLARSHIPS | $81,500 |
Carthage, TX PURPOSE: MECHANIC SET | $36,000 |
GARY INDEPENDENT SCHOOL DISTRICT PURPOSE: PLAYGROUND | $33,000 |
Carthage, TX PURPOSE: 3/4 TON DODGE RAM FOR RODEO TEAM | $32,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |