Charles & Nancy Oden Luce Trust
- Assets
- $0.0
- Revenue
- $11.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/1970
- Data as of
- 12/2023
- EIN
- 91-6026999
Organization Overview
Charles & Nancy Oden Luce Trust is located in Dallas, TX. The organization was established in 1970. 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.
For the year ending 12/2023, Charles & Nancy Oden Luce Trust generated $11.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $284.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America Trustee | 1 | $1,123 | |
Zenaida M Lyles Director Dept. Of Education Director | 30 | $0 | |
Louella J Farrow Asst Director Dept Of Ed, Asst Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,226 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,346 |
| Capital Gain Net Income | $8,346 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $732 |
| Total Revenue | $11,304 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,123 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $523 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $59 |
| Total operating and administrative expenses | $5,569 |
| Contributions, gifts, grants paid | $279,190 |
| Total expenses and disbursements | $284,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Charles & Nancy Oden Luce Trust has awarded $12,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OREGON STATE UNIVERSITY PURPOSE: SCHOLARSHIPS FOR BOOKS & | $3,000 |
UNIVERSITY OF OREGON PURPOSE: SCHOLARSHIPS FOR BOOKS & | $3,000 |
BLUE MOUNTAIN COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP FOR BOOKS & | $3,000 |
ALFRED UNIVERSITY PURPOSE: SCHOLARSHIPS FOR BOOKS & | $3,000 |