Vernon K Willborg Charitable Trust
- Assets
- $761.5k
- Revenue
- $56.4k
- Investments
- $462.6k
- Employees
- 0
- Location
- Missouri City, TX
- Founding
- 05/2000
- Data as of
- 12/2019
- EIN
- 76-6158087
Organization Overview
Vernon K Willborg Charitable Trust is located in Missouri City, TX. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public 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. Vernon K Willborg Charitable 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 12/2019, Vernon K Willborg Charitable Trust generated $56.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $69.1k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vernon K Willborg Charitable Trust has awarded 45 individual grants totaling $161,718. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,155 |
| Dividends & Interest | $5,332 |
| Net Rental Income | $3,050 |
| Net Gain on Sale of Assets | $34,308 |
| Capital Gain Net Income | $54,343 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $366 |
| Total Revenue | $56,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $224 |
| Taxes | $4,952 |
| Depreciation | $4,204 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,470 |
| Total operating and administrative expenses | $27,135 |
| Contributions, gifts, grants paid | $42,000 |
| Total expenses and disbursements | $69,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $67,168 |
| 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 | $79,006 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $152,734 |
| Investments—mortgage loans | $0 |
| Investments—other | $35,952 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $761,485 |
| 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 | $21,187 |
| Total liabilities | $21,187 |
Grants Awarded
Over the last fiscal year, Vernon K Willborg Charitable Trust has awarded $42,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MEGAN JULIA EMILIANI PURPOSE: COLLEGE TUITION | $8,000 |
ALEXA DE LA GARZA PURPOSE: COLLEGE TUITION | $6,000 |
ISAIAH JORDAN ADAMS PURPOSE: COLLEGE TUITION | $5,000 |
NOAH SPENCER WENDELL MATTIUZZI PURPOSE: COLLEGE TUITION | $5,000 |
LUIS GUILLERMO CIVALLERO PURPOSE: COLLEGE TUITION | $5,000 |
AMY ELIZABETH ROBB PURPOSE: COLLEGE TUITION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |
Adopt A Platoon San Benito, TX | $2,311,218 | $7,326,430 |
Emerge Center Inc Baton Rouge, LA | $1,893,812 | $1,088,912 |
Love Family Affiliated Fund Of The Oklahoma City Community Foundation Oklahoma City, OK | $15,024,266 | $3,226,115 |
Cnm Ingenuity Incoproration Albuquerque, NM | $23,986,328 | $5,524,320 |
Axia International Spring, TX | $1,284,457 | $5,701,769 |
Shelton Landmark Foundation Dallas, TX | $120,539,366 | $9,909,394 |
Carry The Load Dallas, TX | $2,418,969 | $4,944,762 |
Mission Metroplex Inc Arlington, TX | $42,524,907 | $8,870,339 |
The Crystal Charity Ball Dallas, TX | $41,414,628 | $8,837,838 |
Nra Special Contribution Fund Nra Whittington Center Raton, NM | $23,379,054 | $9,858,086 |
The Dallas Opera Foundation Dallas, TX | $34,130,808 | $2,969,091 |