Guidry Legacy
- Assets
- $7.9m
- Revenue
- $203.0k
- Investments
- $7.9m
- Employees
- 0
- Location
- Montgomery, TX
- Founding
- 12/2019
- Data as of
- 12/2023
- EIN
- 82-6592457
Organization Overview
Guidry Legacy is located in Montgomery, TX. The organization was established in 2019. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Guidry Legacy 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, Guidry Legacy generated $203.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $707.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Guidry Trustee | 0.5 | $0 | |
J Mark Brewer Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $110,050 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $92,904 |
| Capital Gain Net Income | $92,904 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $202,956 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $162,761 |
| Taxes | $6,890 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $205,379 |
| Contributions, gifts, grants paid | $502,000 |
| Total expenses and disbursements | $707,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,684 |
| Savings and temporary cash investments | $0 |
| 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 | $3,552,573 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,930,570 |
| 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 | $2,525,100 |
| Other liabilities | $0 |
| Total liabilities | $2,525,100 |
Grants Awarded
Over the last fiscal year, Guidry Legacy has awarded $502,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KUIKEBELA LISELI FOUNDATION PURPOSE: GENERAL FUNDRAISING | $402,000 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: GENERAL FUNDRAISING | $100,000 |