Franklin Owid Birmingham Trust 1
- Assets
- $17.2m
- Revenue
- $646.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Wylie, TX
- Founding
- 12/1987
- Data as of
- 12/2023
- EIN
- 75-6363066
Organization Overview
Franklin Owid Birmingham Trust 1 is located in Wylie, TX. The organization was established in 1987. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Franklin Owid Birmingham Trust 1 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 12/2023, Franklin Owid Birmingham Trust 1 generated $646.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $861.1k during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 8 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAKE CONTRIBUTIONS TO WISD LIMITED TO USE FOR EXCLUSIVE BENEFIT OF CLASSES IN THE AREA OF MANUAL TRAINING AND DOMESTIC ECONOMY.
Describe the Organization's Program Activity:
CONTRIBUTIONS TO WYLIE ISD LIMITED TO USE FOR EXCLUSIVE BENEFIT OF CLASSES IN THE AREA OF MANUAL TRAINING AND DOMESTIC ECOMONY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Lewis Executive Direc | Officer | 30 | $156,345 |
Bob Graf Trustee | Trustee | 0.5 | $0 |
Adam Leggett Trustee | Trustee | 0.5 | $0 |
Betty Lutz-Black Trustee | Trustee | 0.5 | $0 |
Matthew Porter Chairman | Trustee | 0.5 | $0 |
Ben Brown Trustee | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $538,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,487 |
| Net Gain/Loss on Asset Sales | $96,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $646,642 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $529,425 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,345 |
| Compensation of current officers, directors, key employees. | $104,751 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,131 |
| Payroll taxes | $10,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,464 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $82,327 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $698 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,395 |
| Travel | $795 |
| 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 | $11,617 |
| Insurance | $7,845 |
| All other expenses | $678 |
| Total functional expenses | $861,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,010 |
| Savings and temporary cash investments | $1,228,066 |
| 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 | $3,790,086 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,772,183 |
| Investments—publicly traded securities | $8,281,747 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,525 |
| Total assets | $17,231,617 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $50,471 |
| 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 | $979,769 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,030,240 |
| 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 | $16,201,377 |
| Total liabilities and net assets/fund balances | $17,231,617 |