Koonce Family Foundation Tr
- Assets
- $13.0m
- Revenue
- $2.2m
- Investments
- $12.2m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 11/2005
- Data as of
- 12/2021
- 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 12/2021, Koonce Family Foundation Tr generated $2.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 9.4% per year over the past 4 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 2020, Koonce Family Foundation Tr has awarded 70 individual grants totaling $1,766,000. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America N A Agent For Fiduciary | 1 | $107,881 | |
K Terry Koonce Trustee | 1 | $0 | |
Kenneth T Koonce Trustee | 1 | $0 | |
Kimberly Koonce Trustee | 1 | $0 | |
Charlene C Koonce Trustee | 1 | $0 | |
Diana Koonce Walla Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $641,728 |
| Interest on Savings | $0 |
| Dividends & Interest | $508,956 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,025,500 |
| Capital Gain Net Income | $1,025,500 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,176,184 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $107,881 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,214 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $140,715 |
| Contributions, gifts, grants paid | $918,000 |
| Total expenses and disbursements | $1,058,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $849,722 |
| 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 | $13,003,933 |
| 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 $918,000 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE OF CHRISTIAN STUDIES PURPOSE: UNRESTRICTED GENERAL | $150,000 |
CITYSQUARE PURPOSE: UNRESTRICTED GENERAL | $108,000 |
AFRICAN OUTREACH MINISTRIES PURPOSE: UNRESTRICTED GENERAL | $70,000 |
Houston, TX PURPOSE: UNRESTRICTED GENERAL | $60,000 |
UNITED WAY OF GREATER HOUSTON PURPOSE: UNRESTRICTED GENERAL | $50,000 |
Lubbock, TX PURPOSE: UNRESTRICTED GENERAL | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Orleans Mission Inc New Orleans, LA | $5,963,143 | $11,588,055 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Village At Gleannloch Farms Inc Austin, TX | $0 | $0 |
City Of Faith Prison Ministries Monroe, LA | $6,013,159 | $9,077,995 |
Usatransform Southlake, TX | $4,678,487 | $10,648,450 |
Iglesia Bethel Ministries Inc San Antonio, TX | $9,077,539 | $1,090,041 |
Powerpoint Ministries Plano, TX | $1,308,223 | $5,704,956 |
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX | $123,313,594 | $19,045,257 |
Greater St Stephen Ministries New Orleans, LA | $35,746,422 | $4,835,716 |
Abundant Rain Ministries Inc Coweta, OK | $1,184,763 | $4,705,451 |
Reaching Souls International Inc Oklahoma City, OK | $9,096,171 | $6,014,810 |
La Promesa Foundation Midland, TX | $6,255,131 | $5,059,198 |