First Christian Church Of Throckmorton Trust
- Assets
- $234.2k
- Revenue
- $7.8k
- Investments
- $75.6k
- Employees
- 0
- Location
- Graham, TX
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 75-6451027
Organization Overview
First Christian Church Of Throckmorton Trust is located in Graham, TX. The organization was established in 1994. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. First Christian Church Of Throckmorton Trust 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, First Christian Church Of Throckmorton Trust generated $7.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $11.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS. ALL GRADUATING SENIORS OF THROCKMORTON HIGH SCHOOL ARE ELIGIBLE FOR ADVANCED EDUCATION SCHOLARSHIPS.
BRITE DIVINITY COLLEGE - GENERAL FUND ASSOCIATED WITH TEXAS CHRISTIAN UNIVERSITY. THIS COLLEGE EDUCATES STUDENTS ENTERING GOSPEL MINISTRY.
JULIETTE FOWLERY HOMES, INC. - GENERAL FUND. A HOME OPERATED BY THE CHRISTIAN CHURCH TO ASSIST HANDICAPPED ADULTS AND EMOTIONALLY DISTURBED CHILDREN.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,840 |
| Net Rental Income | $1,416 |
| Net Gain on Sale of Assets | $327 |
| Capital Gain Net Income | $327 |
| Net ST Capital Gain | $297 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,194 |
| Total Revenue | $7,841 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,241 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $95 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,277 |
| Total operating and administrative expenses | $6,070 |
| Contributions, gifts, grants paid | $4,904 |
| Total expenses and disbursements | $10,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $156,629 |
| 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 | $1,970 |
| Investments—mortgage loans | $0 |
| Investments—other | $75,620 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $234,219 |
| Accounts payable and accrued expenses | $869 |
| 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 | $869 |
Grants Awarded
Over the last fiscal year, First Christian Church Of Throckmorton Trust has awarded $4,904 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MIDWESTERN STATE UNI - P HARRIS III PURPOSE: EXPENSES OF HIGHER EDUCATION. | $1,000 |
TEXAS TECH UNIV - K RILEY PURPOSE: EXPENSES OF HIGHER EDUCATION. | $1,000 |
BENEDICTINE COLLEGE - C MCCARTNEY PURPOSE: EXPENSES OF HIGHER EDUCATION. | $1,000 |
TARLETON STATE UNIV - M KARL PURPOSE: EXPENSES OF HIGHER EDUCATION. | $500 |
TEXAS TECH UNIV - C MYER PURPOSE: EXPENSES OF HIGHER EDUCATION. | $500 |
BRITE DIVINITY COLLEGE PURPOSE: FUNDING FOR CONTINUED OPERATION. | $452 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jane P And Wiley L Mossy Jr Foundation Houston, TX | $339,084 | $6,855,893 |
Gene And Jerry Jones Family-Dallas Cowboys Charities Frisco, TX | $3,095,461 | $7,273,707 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |
Marshall Legacy Foundation Metairie, LA | $37,157,594 | $21,197,543 |
Gods Light In The Darkness Foundation Carlbad, NM | $31,530,012 | $790,978 |
Marshall Heritage Foundation Metairie, LA | $15,210,686 | $21,134,216 |
Mary E Bivins Trust Amarillo, TX | $23,577,867 | $7,091,283 |
Norman H Read 1985 Trust Amarillo, TX | $61,022,769 | $8,703,971 |
Arlene And Joseph Meraux Charitable Foundation Violet, LA | $95,291,949 | $9,307,858 |
East Texas Medical Center Regional Healthcare System Tyler, TX | $164,248,819 | $57,646,365 |
Eugene V And Clare Thaw Charitable Trust Santa Fe, NM | $97,006,761 | $1,880,279 |
James A Buddy Davidson Charitable Foundation Midland, TX | $104,683,845 | $20,028,427 |