New Convenant Foundation
- Assets
- $2.7m
- Revenue
- $166.1k
- Investments
- $1.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/1999
- Data as of
- 12/2022
- EIN
- 75-2820210
Organization Overview
New Convenant Foundation is located in Dallas, 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. New Convenant 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 12/2022, New Convenant Foundation generated $166.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $541.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, New Convenant Foundation has awarded 138 individual grants totaling $10,867,012. 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 |
|---|---|---|---|
Nancy C Seay Trustee | 5 | $0 | |
George E Seay III Trustee | 2 | $0 | |
Pauline S Neuhoff Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $76,513 |
| Net Rental Income | $1,834 |
| Net Gain on Sale of Assets | -$18,911 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $106,659 |
| Total Revenue | $166,095 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,340 |
| Depreciation | $0 |
| Occupancy | $15,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,189 |
| Total operating and administrative expenses | $51,514 |
| Contributions, gifts, grants paid | $490,000 |
| Total expenses and disbursements | $541,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,966 |
| Savings and temporary cash investments | $191,401 |
| 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 | $133,929 |
| Other assets | $514,743 |
| Total assets | $2,712,161 |
| Accounts payable and accrued expenses | $25,000 |
| 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 | $25,000 |
Grants Awarded
Over the last fiscal year, New Convenant Foundation has awarded $490,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
DALLAS SYMPHONY ORCHESTRA PURPOSE: EDUCATIONAL | $10,000 |
CLAYTON DABNEY FOR KIDS WCANCER PURPOSE: PROVIDES FOR NEEDY FAMILIES WITH CHILDREN IN THE LAST STAGES OF TERMINAL CANCER | $5,000 |
GILLESPIE COUNTY HISTORICAL SOCIETY PURPOSE: EDUCATIONAL | $5,000 |
FRIENDS OF THE KATY TRAIL PURPOSE: COMMUNITY SERVICE | $5,000 |
HIS VOICE GLOBAL PURPOSE: RELIGIOUS | $5,000 |
HIGHLAND PARK PRESBYTERIAN CHURCH PURPOSE: GENERAL CHURCH FUND | $200,000 |