Kenneth & Cherrie Garrett Foundatio
- Assets
- $992.5k
- Revenue
- $397.6k
- Investments
- $915.5k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 75-2900252
Organization Overview
Kenneth & Cherrie Garrett Foundatio is located in Dallas, TX. The organization was established in 2001. 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. Kenneth & Cherrie Garrett Foundatio 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, Kenneth & Cherrie Garrett Foundatio generated $397.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.8% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 48.0% per year over the past 7 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 2016, Kenneth & Cherrie Garrett Foundatio has awarded 242 individual grants totaling $1,804,128. 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 |
|---|---|---|---|
Dianne Hawkins President | 1 | $0 | |
Dianne Hawkins Treasurer | 1 | $0 | |
Dianne Hawkins Secretary | 1 | $0 | |
John Hawkins VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $414,126 |
| Interest on Savings | $172 |
| Dividends & Interest | $16,523 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$33,174 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $397,647 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,183 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,618 |
| Total operating and administrative expenses | $16,901 |
| Contributions, gifts, grants paid | $1,273,102 |
| Total expenses and disbursements | $1,290,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $74,999 |
| 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 | $1,959 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $992,458 |
| 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, Kenneth & Cherrie Garrett Foundatio has awarded $1,273,102 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ST CECILIA CATHOLIC SCHOOL PURPOSE: INPROVEMENT OF EDUCATION | $5,000 |
FOR THE NATIONS REFUGEE OUTREACH PURPOSE: EDUCATION AND COMMUNITY | $5,000 |
BOTH ENDS BELIEVING PURPOSE: IMPROVEMENT OF COMMUNITY | $5,000 |
THE MEN OF NEHEMIAH PURPOSE: IMPROVEMENT OF COMMUNITY | $10,000 |
ST JUDE CHURCH OAK CLIFF PURPOSE: IMPROVEMENT OF COMMUNITY | $90,000 |
ATHON DONOR ADVISED FUND AT SCHWAB PURPOSE: COMMUNITY AND EDUCATION | $1,158,102 |