Chrest Foundation Inc
- Assets
- $33.9m
- Revenue
- $1.8m
- Investments
- $33.7m
- Employees
- 0
- Location
- Irving, TX
- Founding
- 11/2000
- Data as of
- 12/2022
- EIN
- 75-2840026
Organization Overview
Chrest Foundation Inc is located in Irving, TX. The organization was established in 2000. 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. Chrest Foundation Inc 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, Chrest Foundation Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 4 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.
Since 2020, Chrest Foundation Inc has awarded 92 individual grants totaling $5,684,029. 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 |
|---|---|---|---|
Name Not Listed President | 30 | $0 | |
Name Not Listed Vice President | 1 | $0 | |
Name Not Listed Treasurer | 1 | $0 | |
Name Not Listed Director (until June 2022) | 1 | $0 | |
Name Not Listed Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $718,049 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,110,039 |
| Capital Gain Net Income | $1,142,511 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,831 |
| Total Revenue | $1,841,919 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $68,525 |
| Pension plans, employee benefits | $11,049 |
| Interest | $0 |
| Taxes | $37,322 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,922 |
| Total operating and administrative expenses | $392,118 |
| Contributions, gifts, grants paid | $1,627,582 |
| Total expenses and disbursements | $2,019,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,475 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,827,850 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,828 |
| Total assets | $33,939,403 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $119,964 |
| 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 | $119,964 |
Grants Awarded
Over the last fiscal year, Chrest Foundation Inc has awarded $1,874,920 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
AND GAZETECILIK YAYINCILIK SANAYI VE TICARET ANONIM SIRKETI PURPOSE: PRODUCE NON-PARTISAN NEWS. | $25,000 |
BOULDER CLIMBING COMMUNITY PURPOSE: GENERAL SUPPORT TO PROTECT AND PRESERVE CLIMBING AREAS ON COLORADO'S FRONT RANGE. | $10,000 |
CDR ARASTIRMA HIZMETLERI LIMITED SIRKETI PURPOSE: SUPPORT FOR A DIGITAL PLATFORM THAT DELIVERS THE DAILY PARLIAMENTARY AGENDA TO THE PUBLIC IN AN EASY-TO-UNDERSTAND FORMAT. | $46,680 |
CONSERVATION COLORADO EDUCATION FUND PURPOSE: ADVANCE PROGRESS TOWARDS PROTECTING AT LEAST 30% OF COLORADO'S LAND AND WATER BY 2030. | $100,000 |
DIYARBAKIR KULTUR VE TABIAT VARLIKLARINI KORUMA DERNEGI TUZUGU PURPOSE: SUPPORT THE DEVELOPMENT OF A DIGITAL ARCHIVE OF THE HISTORY, ARCHITECTURE, AND SOCIO-CULTURAL LIFE IN SUR AND DIYARBAKIR. | $44,968 |
GIRLS EMBRACING MOTHERS INC PURPOSE: FACILITATE MONTHLY VISITATION FOR GIRLS AND THEIR IMPRISONED MOTHERS. | $50,000 |