Koonce Family Foundation Tr
- Assets
- $13.5m
- Revenue
- $1.4m
- Investments
- $12.7m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 11/2005
- Data as of
- 12/2023
- EIN
- 76-6211703
Organization Overview
Koonce Family Foundation Tr is located in Dallas, TX. The organization was established in 2005. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Koonce Family Foundation Tr 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, Koonce Family Foundation Tr generated $1.4m 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 (11.8%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Koonce Family Foundation Tr has awarded 152 individual grants totaling $4,038,500. 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 |
|---|---|---|---|
K Terry Koonce Trustee | 1 | $0 | |
Kelly M Koonce Trustee | 1 | $0 | |
Kimberly Koonce Trustee | 1 | $0 | |
Kenneth T Koonce Trustee | 1 | $0 | |
Diana Koonce Walla Trustee | 1 | $0 | |
Richard E Walla Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $629,511 |
| Interest on Savings | $0 |
| Dividends & Interest | $569,210 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $199,596 |
| Capital Gain Net Income | $199,596 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,398,317 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $109,531 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,410 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $118,841 |
| Contributions, gifts, grants paid | $1,090,000 |
| Total expenses and disbursements | $1,208,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $837,351 |
| 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 | $13,490,402 |
| 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, Koonce Family Foundation Tr has awarded $1,090,000 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
SHRINERS HOSPITAL FOR CHILDREN PURPOSE: UNRESTRICTED GENERAL | $1,500 |
THE HUMANE LEAGUE PURPOSE: UNRESTRICTED GENERAL | $2,000 |
MEDIA PROJECTS FOR RELATIONSHIPS PURPOSE: UNRESTRICTED GENERAL | $50,000 |
MEDICINS SANS FRONTIERS PURPOSE: UNRESTRICTED GENERAL | $12,500 |
DRESS FOR SUCCESS AUSTIN PURPOSE: UNRESTRICTED GENERAL | $5,000 |
IRC - INTERNATIONAL RESCUE COMMITTEE PURPOSE: UNRESTRICTED GENERAL | $10,000 |