Star Telegram Charities Inc
- Assets
- $1.7m
- Revenue
- $991.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Fort Worth, TX
- Founding
- 10/1953
- Data as of
- 06/2022
- EIN
- 75-6015145
Organization Overview
Star Telegram Charities Inc is located in Fort Worth, TX. The organization was established in 1953. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. As of 06/2022, Star Telegram Charities Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Star Telegram Charities 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 06/2022, Star Telegram Charities Inc generated $991.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $633.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDS FOR CLOTHING TO UNDERPRIVILEGED CHILDREN DURING THE HOLIDAY SEASON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILIES THAT MEET POVERTY REQUIREMENTS APPLY FOR ASSISTANCE, THEN ATTEND AN INTERVIEW WHERE IT IS DETERMINED IF THE QUALIFYING LEVEL OF POVERTY IS MET. AFTER APPROVAL, THE FAMILY RECEIVES A $50 GIFT CARD FOR CLOTHING AT GAP FOR EACH SCHOOL-AGE CHILD IN THE FAMILY/HOUSEHOLD. THE FUND PROVIDED APPROX 11,525 GIFT CARDS DURING THE 2021 CAMPAIGN. THE SOURCE OF REVENUE IS VOLUNTARY DONATIONS FROM THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Greene Director | Trustee | 40 | $32,000 |
Steve Coffman President | OfficerTrustee | 1 | $0 |
Roger Provost Vice President | Trustee | 1 | $0 |
Kim Blouin Director | Trustee | 1 | $0 |
Matt Byars Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $991,633 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $991,633 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $991,633 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $518,625 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $32,000 |
| Compensation of current officers, directors, key employees. | $32,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,748 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,008 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $986 |
| All other expenses | $0 |
| Total functional expenses | $633,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,700,416 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $75 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,700,491 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,700,491 |
| Total liabilities and net assets/fund balances | $1,700,491 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Star Telegram Charities Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR EXCHANGE CLUB OF FORT WORTH, IN HONOR OF GARY PATTERSON. ATTN: JANET CULBERTSON | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Police Operation Blue Santa Austin, TX | $480,325 | $1,395,382 |
Clayton Dabney Foundation For Kids With Cancer Dallas, TX | $1,108,391 | $1,238,762 |
Park Foundation Inc Little Rock, AR | $19,400,497 | $2,279,307 |
Azle Caring Center Azle, TX | $1,793,064 | $2,065,618 |
B I G Love Cancer Care Services Lake Jackson, TX | $687,441 | $1,005,161 |
Star Telegram Charities Inc Fort Worth, TX | $1,700,491 | $991,633 |
The Marion & Robert Rosenthal Family Foundation New Orleans, LA | $2,205,879 | $668,435 |
Defenders Of Freedom Coppell, TX | $31,242 | $521,336 |
Operation Comfort San Antonio, TX | $327,931 | $321,797 |
Assistance League Of El Paso El Paso, TX | $2,008,528 | $358,521 |
Elf Louise Inc San Antonio, TX | $994,372 | $568,951 |
Neighbors In Action Inc Houston, TX | $1,628,299 | $548,872 |