Sessions Family Foundation Inc
- Assets
- $10.0m
- Revenue
- $5.3m
- Investments
- $8.8m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-3846746
Organization Overview
Sessions Family Foundation Inc is located in Lubbock, TX. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Sessions Family Foundation Inc 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 12/2022, Sessions Family Foundation Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $292.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sessions Family Foundation Inc has awarded 54 individual grants totaling $1,341,082. 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 |
|---|---|---|---|
Henry Alvin Sessions III President & | 0 | $0 | |
Kerry Lynn Sessions Non-Voting D | 0 | $0 | |
Alvin Elliott Secretary & | 0 | $0 | |
Crystal Elliott Vice Pres & | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000,000 |
| Interest on Savings | $40,847 |
| Dividends & Interest | $76,634 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $178,217 |
| Capital Gain Net Income | $178,217 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,295,698 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,741 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,258 |
| Total operating and administrative expenses | $32,799 |
| Contributions, gifts, grants paid | $260,110 |
| Total expenses and disbursements | $292,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,168,258 |
| 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 | $2 |
| Total assets | $9,962,517 |
| 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, Sessions Family Foundation Inc has awarded $260,110 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
LUBBOCK ARTS ALLIANCE PURPOSE: ARTS ACCESS | $13,000 |
COMMUNITY FOOD BANK GRAND JUNCTION PURPOSE: FEEDING THE NEEDY | $20,000 |
BALLET LUBBOCK PURPOSE: PERFORMING ARTS & ART EDUCATION | $10,000 |
COMMUNITY HEALTH CENTER OF LUBBOCK PURPOSE: SUPPORTING THE MEDICAL COMMUNITY | $9,000 |
LUBBOCK COMMUNITY THEATER PURPOSE: PERFORMING ARTS & ART EDUCATION | $30,000 |
ALSTROM ANGELS PURPOSE: ALSTROM SYNDROME RESEARCH | $13,110 |