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Filing year 2024

RICHARD & FLORENCE C GUSMAN TRUST

Bay City, Texas·EIN 74-6333961·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$38k
Total assets
$847k
Total expenses
$37k
Reported officers
9

Reported officers (all unpaid)

No paid executives reported in 2024. RICHARD & FLORENCE C GUSMAN TRUST reported 9 unpaid officers and board members on its 990-PF.

Chairperson
Vice Chairpe
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$36k

Itemized grants

11

Median grant

$1k

RecipientLocationPurposeAmount
FIRST UNITED METHODIST CHBAY CITY, TXGENERAL OPERATING FUND$17k
MATAGORDA COUNTY MUSEUMBAY CITY, TXGENERAL OPERATING FUND$9k
BAY CITY LIBRARY ASSNBAY CITY, TXENDOWMENT FUND$3k
SOUTHWESTERN UNIVERSITYGEORGETOWN, TXSCHOLARSHIP FUND$3k
BAY CITY VOLUNTEER FIRE DBAY CITY, TXGENERAL OPERATING FUND$1k
BAY CITY LITTLE LEAGUE ASSOCBAY CITY, TXGENERAL OPERATING FUND$1k
METHODIST HOME ORPHANAGEWACO, TXGENERAL OPERATING FUND$711
MATAGORDA COUNTY FAIR & LIVESTOCK ABAY CITY, TXGENERAL OPERATING FUND$711
BAY CITY 100 CLUBBAY CITY, TXGENERAL OPERATING FUND$285
UNITED WAY AGENCIESBAY CITY, TXGENERAL OPERATING FUND$249
AMERICAN CANCER SOCIETYVICTORIA, TXGENERAL OPERATING FUND$178
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

RICHARD & FLORENCE C GUSMAN TRUST reported revenue and expenses across 2 filing years.

RevenueExpenses
$37k
$30k
2023
$38k
$37k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Texas

RICHARD & FLORENCE C GUSMAN TRUST reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Texas earns a median of $14,224.

25th percentile
$5k
Median
$14,224
75th percentile
$43k
90th percentile
$112k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 4,499 organizations across 4,499 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Texas
FAQ

Common questions about RICHARD & FLORENCE C GUSMAN TRUST

What are RICHARD & FLORENCE C GUSMAN TRUST's revenue and expenses?

In 2024, RICHARD & FLORENCE C GUSMAN TRUST reported $38k in total revenue and $37k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.