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← CHARLES BUTT PHILANTHROPIES

Form 990 for tax year 2024

Filed by CHARLES BUTT PHILANTHROPIES.

Totals

Total revenue
$15,456,287
Total expenses
$20,034,999
Contributions and grants received
$0
Grants paid
$20,000,000
Program service revenue
$0
Investment income
$15,456,287
Other revenue
$0
Total assets, end of year
$390,631,941
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$390,631,941
Program services expenses (Part IX)
$20,000,000
Management and general expenses
$34,999
Fundraising expenses
$0
Program service expenses (Part III)
$20,000,000

Program services were 99.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $15,456,287 · excluded $15,456,287

  • 7a · Gross sales of assets other than inventory

    securities $398,520,000

  • 7b · Less cost or other basis and sales expenses

    securities $398,520,000

  • 7c · Gain or loss

    securities $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000,000 · program services $20,000,000

  • 11c · Fees: accounting

    total $2,625 · management and general $2,625

  • 23 · Insurance

    total $3,198 · management and general $3,198

  • 24a · Other expenses: FOREIGN TAX WH

    total $29,176 · management and general $29,176

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $44,178

  • 2 · Savings and temporary cash investments

    end of year $239,844,314

  • 11 · Investments: publicly traded securities

    end of year $150,743,449

  • 12 · Investments: other securities

    beginning of year $398,520,000

  • 27 · Net assets without donor restrictions

    beginning of year $398,520,000 · end of year $390,631,941

Mission and programs · 2024

Mission

TO PROMOTE SOCIAL WELFARE BY ADVANCING AND SUPPORTING THE EDUCATION OF ALL CHILDREN.

  • TO PROMOTE SOCIAL WELFARE BY ADVANCING AND SUPPORTING THE EDUCATION OF ALL CHILDREN.

    Expenses $20,000,000 · Grants $20,000,000

As filed on the 2024 return.

Listed in Part VII

  • Charles H Clines

    PRESIDENT/TREAS./DIR. (UNTIL 7/2/24)

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Elizabeth Lorenz

    DIRECTOR/SECRETARY (UNTIL 8/16/24)

    Total calculated
    $0
    Hours/week
    1 + 23 related

  • Georgina Podjenski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 11 related

  • Yun Au

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lynette Padalecki

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nicole Royal

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 5 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CHARLES BUTT FOUNDATION

    501(C)(3) · SUPPORT HIGH-QUALITY PUBLIC EDUCATION IN TEXAS · TX

  • THE HOLDSWORTH CENTER

    501(C)(3) · CHARITABLE -EDUCATION LEADERSHIP TRAINING AND SUPPORT · TX

    Directly controlled by CHARLES BUTT FOUNDATION

  • RAISE YOUR HAND FOR PUBLIC SCHOOLS

    501(C)(4) · ADVOCACY FOR STUDENTS AND IMPROVEMENT OF TEXAS PUBLIC SCHOOLS · TX · controlled entity

    Directly controlled by CHARLES BUTT PHILANTHROPIES

  • CHARLES BUTT PUBLIC EDUCATION PAC

    527 · PROMOTE HIGH QUALITY PUBLIC EDUCATION IN TEXAS · TX · controlled entity

    Directly controlled by CHARLES BUTT PHILANTHROPIES

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2025
IRS schema version
2024v5.1
Source object
202501349349305445

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