Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $270,000

• 1f · All other contributions, gifts and grants

  $1,252,906

• 3 · Investment income

  total $739,323 · excluded $739,323

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $15,718,895

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

  securities $14,708,008

• 7c · Gain or loss

  securities $1,010,887

• 7d · Net gain or loss

  total $1,010,887 · excluded $1,010,887

• 8c · Net income from fundraising events

  total $0

• 9c · Net income from gaming

  total $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: Annual Dinner

  total $223,701 · excluded $223,701

• 11b · Other revenue: Other revenues

  total $92 · excluded $92

• 11e · Other revenue, total

  $223,793

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,688,863 · program services $1,688,863

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $0

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $0

• 8 · Pension plan contributions

  total $0

• 9 · Other employee benefits

  total $0

• 10 · Payroll taxes

  total $0

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $0

• 11c · Fees: accounting

  total $19,570 · management and general $19,570

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $214,818 · management and general $214,818

• 11g · Fees: other

  total $0

• 12 · Advertising and promotion

  total $0

• 13 · Office expenses

  total $0

• 14 · Information technology

  total $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $112,532 · program services $33,760 · management and general $67,519 · fundraising $11,253

• 17 · Travel

  total $6,778 · program services $1,017 · management and general $2,372 · fundraising $3,389

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $0

• 23 · Insurance

  total $0

• 24a · Other expenses: SBOT reimbursement for staff

  total $527,770 · program services $174,164 · management and general $258,607 · fundraising $94,999

• 24b · Other expenses: Annual dinner

  total $161,576 · program services $64,630 · management and general $80,788 · fundraising $16,158

• 24c · Other expenses: Events

  total $94,934 · program services $18,987 · management and general $28,480 · fundraising $47,467

• 24d · Other expenses: Software, equip rental, maint

  total $46,871 · program services $9,374 · management and general $28,123 · fundraising $9,374

• 24e · All other expenses

  total $114,837 · program services $17,036 · management and general $72,222 · fundraising $25,579

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $809,185 · end of year $523,471

• 2 · Savings and temporary cash investments

  beginning of year $1,622,862 · end of year $1,576,112

• 3 · Pledges and grants receivable

  end of year $275,000

• 4 · Accounts receivable

  end of year $0

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  end of year $0

• 8 · Inventories for sale or use

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $68,834 · end of year $77,187

• 10a · Land, buildings and equipment: cost or other basis

  $16,345

• 10b · Land, buildings and equipment: accumulated depreciation

  $16,345

• 10c · Land, buildings and equipment, net

  end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $41,422,453 · end of year $43,914,733

• 12 · Investments: other securities

  end of year $0

• 13 · Investments: program-related

  end of year $0

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  beginning of year $446,986 · end of year $345,831

• 17 · Accounts payable and accrued expenses

  beginning of year $44,365 · end of year $44,972

• 19 · Deferred revenue

  beginning of year $226,451 · end of year $221,775

• 25 · Other liabilities

  beginning of year $414,227 · end of year $393,395

• 27 · Net assets without donor restrictions

  beginning of year $18,873,278 · end of year $19,754,236

• 28 · Net assets with donor restrictions

  beginning of year $24,811,999 · end of year $26,297,956

The filer's explanations (Part III)

Part II, Compensation from Unrelated Organizations

The Foundation's Executive Director was an employee of the State Bar of Texas.