Oldham Little Church Foundation
- Assets
- $30.1m
- Revenue
- $4.3m
- Investments
- $28.7m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/1995
- Data as of
- 12/2021
- EIN
- 76-0465633
Organization Overview
Oldham Little Church Foundation is located in Houston, TX. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oldham Little Church 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 12/2021, Oldham Little Church Foundation generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 2.5% 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 2015, Oldham Little Church Foundation has awarded 908 individual grants totaling $9,478,555. 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 |
|---|---|---|---|
Dr Paul Sanders Pres/ceo/treas | 35 | $181,210 | |
Stewart Morris Jr Chairman | 2 | $0 | |
Stewart Morris Sr Secretary | 2 | $0 | |
Rev Garry Blackmon Asst. Secretary | 2 | $0 | |
Rev Lee Hsia Director | 2 | $0 | |
Ralph T Hull Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alliancebernstein Lp | 12/30/22 | $87,906 |
Blackrock Fund Advisors | 12/30/22 | $81,410 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $95,442 |
| Interest on Savings | $4,110 |
| Dividends & Interest | $1,027,894 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,274,675 |
| Capital Gain Net Income | $3,053,344 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$79,017 |
| Total Revenue | $4,323,104 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $167,600 |
| Other employee salaries and wages | $87,218 |
| Pension plans, employee benefits | $84,835 |
| Interest | $0 |
| Taxes | $25,344 |
| Depreciation | $0 |
| Occupancy | $43,423 |
| Travel, conferences, and meetings | $3,756 |
| Printing and publications | $0 |
| Other expenses | $73,275 |
| Total operating and administrative expenses | $782,630 |
| Contributions, gifts, grants paid | $1,248,400 |
| Total expenses and disbursements | $2,031,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,421 |
| Savings and temporary cash investments | $1,416,305 |
| 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 | $100 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,834,407 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,137,970 |
| 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, Oldham Little Church Foundation has awarded $1,510,600 in support to 136 organizations.
| Grant Recipient | Amount |
|---|---|
ABIDING LOVE CHURCH PURPOSE: ROOF REPAIRS | $9,000 |
ABIDING MISSIONARY BAPTIST CHURCH PURPOSE: HVAC AND HANDICAP RAMP | $10,500 |
ANCHOR CHURCH PURPOSE: WINDOWS | $13,000 |
ANGOLA WESLEYAN CHURCH PURPOSE: NEW CHAIRS | $6,000 |
AS OUR OWN PURPOSE: D. TAYLOR DIRECTORS' GRANT - 2022 | $10,000 |
BEREA BIBLE CHURCH PURPOSE: ELECTRICAL WORK FOR GARDEN TOMB | $9,000 |