Posey Family Foundation
- Assets
- $13.1m
- Revenue
- -$17.7k
- Investments
- $12.7m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/1998
- Data as of
- 12/2023
- EIN
- 75-2768325
Organization Overview
Posey Family Foundation is located in Dallas, TX. The organization was established in 1998. 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. Posey Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Posey Family Foundation has awarded 35 individual grants totaling $6,546,825. 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 |
|---|---|---|---|
Tim Smith President | 2.5 | $0 | |
Dan Ahearn Director | 0.3 | $0 | |
Sally Posey Director | 1 | $0 | |
Jennifer P Ahearn Secretary | 0.3 | $0 | |
Donald Key Director | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $326,838 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$344,562 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$17,724 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,440 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $66,774 |
| Contributions, gifts, grants paid | $2,526,000 |
| Total expenses and disbursements | $2,592,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $423,823 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,125,373 |
| 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, Posey Family Foundation has awarded $2,526,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
DALLAS SYMPHONY ORCHESTRA PURPOSE: YOUNG STRINGS AND YOUNG MUSICIANS PROGRAM | $70,000 |
ANDY RODDICK FOUNDATION PURPOSE: PROGRAMS SUPPORTING OUT-OF-SCHOOL PROGRAMMING AND CAREGIVER SUPPORT | $100,000 |
DESIGN CONNECT CREATE PURPOSE: GENERAL FUND | $100,000 |
GIRL SCOUTS OF NORTHEAST TEXAS PURPOSE: COMMUNITY PROGRAMS WITH TITLE I DALLAS ISD SCHOOLS AND OUTDOOR EXPERIENCE PROGRAM | $175,000 |
JEREMIAH PROGRAM PURPOSE: SUPPORT FOR HOUSING AND PROGRAM EXPENSES FOR FAMILIES OF JEREMIAH PROGRAM AUSTIN | $200,000 |
LITERACY ACHIEVES PURPOSE: GENERAL FUND | $200,000 |