Texas Trust Gives
- Assets
- $1.6m
- Revenue
- $843.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Arlington, TX
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 84-2932264
Organization Overview
Texas Trust Gives is located in Arlington, TX. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Texas Trust Gives 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, Texas Trust Gives generated $843.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 41.1% each year . All expenses for the organization totaled $220.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Texas Trust Gives has awarded 11 individual grants totaling $120,441. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INVEST IN OUR COMMUNITIES TO BUILD BRIGHTER FINANCIAL FUTURES. THE THREE WAYS THE FOUNDATION INVESTS IN OUR COMMUNITIES ARE: VOLUNTEERISM, SCHOLARSHIPS, AND GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS TRUST GIVES HAS THREE PROGRAMS OF GIVING. $83,000 WAS AWARDED TO 9 SCHOOL DISTRICTS IN TEXAS TRUST CREDIT UNION'S FOOTPRINT TO SUPPORT K-12 STUDENTS AND THEIR EDUCATORS WITH SUPPLIES, FINANCIAL LITERACY AND OTHER RESOURCES TO BUILD BRIGHTER FINANCIAL FUTURES. $42,000 WAS AWARDED IN SCHOLARSHIPS TO STUDENTS ENROLLED IN VARIOUS HIGHER ACADEMIC INSTITUTIONS. $63,086 WAS DONATED TO NON-PROFITS LOCATED IN TEXAS TRUST CREDIT UNION'S FOOTPRINT THAT COINCIDE WITH THE VOLUNTEERISM EFFORTS OF TEXAS TRUST'S EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ginia Chapline Non-Voting Director | Trustee | 1 | $0 |
Larry Skinner Director | Trustee | 1 | $0 |
Karen Sauls Director | Trustee | 1 | $0 |
Pamela Stephens Director | Trustee | 1 | $0 |
Cameron Newfarmer Director | Trustee | 1 | $0 |
Peggy Esparza Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $799,844 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,834 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $820,678 |
| Total Program Service Revenue | $0 |
| Investment income | $11,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $843,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $146,086 |
| Grants and other assistance to domestic individuals. | $42,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,797 |
| Office expenses | $17,468 |
| Information technology | $1,062 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $859 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $220,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $474,163 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,144,709 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,618,872 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,618,872 |
| Total liabilities and net assets/fund balances | $1,618,872 |
Grants Awarded
Over the last fiscal year, Texas Trust Gives has awarded $92,050 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE DONATION | $7,050 |
LEWISVILLE SCHOOL DISTRICT PURPOSE: TO SUPPORT THE LEWISVILLE SCHOOL DISTRICT | $7,500 |
MANSFIELD SCHOOL DISTRICT PURPOSE: TO SUPPORT THE MANSFIELD SCHOOL DISTRICT | $10,000 |
ARLINGTON SCHOOL DISTRICT PURPOSE: TO SUPPORT THE ARLINGTON SCHOOL DISTRICT | $10,000 |
MARINE TOYS FOR TOTS FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $7,500 |
GRAND PRAIRIE SCHOOL DISTRICT PURPOSE: TO SUPPORT THE GRAND PRAIRIE SCHOOL DISTRICT | $15,000 |