Carole & Gene Chambers Foundation
- Assets
- $786.5k
- Revenue
- $58.8k
- Investments
- $778.8k
- Employees
- 0
- Location
- Katy, TX
- Founding
- 02/1989
- Data as of
- 09/2024
- EIN
- 76-0262887
Organization Overview
Carole & Gene Chambers Foundation is located in Katy, TX. The organization was established in 1989. According to its NTEE Classification (G20) the organization is classified as: Birth Defects & Genetic Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carole & Gene Chambers Foundation 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 09/2024, Carole & Gene Chambers Foundation generated $58.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $29.7k during the year ending 09/2024. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carole & Gene Chambers Foundation has awarded 222 individual grants totaling $418,600. 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 |
|---|---|---|---|
Carole Barrett Chambers President | 0.5 | $0 | |
Eugene Carroll Chambers V.P. / Sec. | 1 | $0 | |
Christine Carole Chambers Asst. Tres. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,501 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,400 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,888 |
| Capital Gain Net Income | $20,888 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,789 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $753 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,873 |
| Contributions, gifts, grants paid | $26,800 |
| Total expenses and disbursements | $29,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,690 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $786,535 |
| 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 | $22 |
| Total liabilities | $22 |
Grants Awarded
Over the last fiscal year, Carole & Gene Chambers Foundation has awarded $26,800 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL GRIMES COUNTY VFD PURPOSE: PROTECTION OF GRIMES COUNTY HOMES | $500 |
FREE THE CAPTIVES PURPOSE: MINISTRY TO WOMEN | $1,000 |
PTSD FOUNDATION OF AMERICA - CAMP HOPE PURPOSE: ASSISTANCE TO VETERANS & FAMILIES AFFECTED BY PTSD | $1,000 |
IOWA STATE UNIVERSITY FOUNDATION PURPOSE: SUPPORT ISU GENERAL SCHOLARSHIPS | $1,000 |
WORLD VISION PURPOSE: ORPHAN CHILDREN MINISTRY | $1,300 |
THE LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: CANCER RESEARCH AND TREATMENT | $1,500 |