Nelson & Debbie Fox Charitable Foundation
- Assets
- $461.5k
- Revenue
- $10.8k
- Investments
- $410.8k
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 82-4873457
Organization Overview
Nelson & Debbie Fox Charitable Foundation is located in Lubbock, TX. The organization was established in 2018. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Nelson & Debbie Fox Charitable 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 12/2022, Nelson & Debbie Fox Charitable Foundation generated $10.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $86.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nelson & Debbie Fox Charitable Foundation has awarded 29 individual grants totaling $210,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO 10 WEST TEXAS CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Walker Fdtn. Trustee | 0.25 | $0 | |
Valerie Walker Fdtn. Trustee | 0.25 | $0 | |
Gwynn Martin Fdtn. Trustee | 0.25 | $0 | |
Kathy Roquemore Fdtn. Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $527 |
| Dividends & Interest | $10,233 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $8,910 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,760 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $216 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,306 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $86,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141 |
| Savings and temporary cash investments | $49,993 |
| 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 | $600 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $461,495 |
| 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, Nelson & Debbie Fox Charitable Foundation has awarded $80,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
PANHANDLE PAWS OF HOPE PURPOSE: ASSIST LOCAL ANIMAL SHELTER | $14,500 |
LUBBOCK MEALS ON WHEELS INC PURPOSE: PROVIDE MEALS TO HOME BOUND | $30,000 |
HAVEN ANIMAL CARE SHELTER PURPOSE: ASSIST LOCAL ANIMAL SHELTER | $10,000 |
MORRIS SAFE HOUSE FOUNDATION PURPOSE: SUPPORT PET ADOPTIONS | $5,000 |
DUSTY POODLES DACHSHUND RESCUE INC PURPOSE: FINANCE ANIMAL RESCUE AND ADOPTIONS | $5,000 |
4 LEGGED FRIENDS LBK PURPOSE: ASSIST DOG ADOPTION SERVICE | $5,000 |