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Filing year 2024

The Lockett Foundation Inc

Vernon, Texas·EIN 75-1534079·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

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

Total revenue
$124k
Total assets
$2.3M
Total expenses
$115k
Reported officers
4

Reported officers (all unpaid)

No paid executives reported in 2024. The Lockett Foundation Inc reported 4 unpaid officers and board members on its 990-PF.

President
Vice-president
Trustee
Trustee

Grants paid

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

Total granted

$113k

Itemized grants

10

Median grant

$2k

RecipientLocationPurposeAmount
Texas Tech Alumni Association (TTAA)Lubbock, TXEndowment Trust$55k
Texas Tech FoundationLubbock, TXScholarship$40k
Boys & Girls Club of VernonVernon, TXOperation$4k
Vernon CollegeVernon, TXOperation$3k
Blanco Education FoundationBlanco, TXOperation$2k
Gillespie County Historical SocietyFredericksburg, TXOperation$2k
Holy Ghost Lutheran ChurchFredericksburg, TXOperation$2k
Ronald McDonald HouseLubbock, TXOperation$2k
Admiral Minitz FoundationFredericksburg, TXOperation$2k
Red River Valley MuseumVernon, TXOperation$500
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

The Lockett Foundation Inc reported revenue and expenses across 2 filing years.

RevenueExpenses
$34k
$74k
2023
$124k
$115k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Texas

The Lockett Foundation Inc 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 $15,501.

25th percentile
$7k
Median
$15,501
75th percentile
$41k
90th percentile
$84k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 671 organizations across 671 filings (2021 – 2023).

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

Common questions about The Lockett Foundation Inc

What are The Lockett Foundation Inc's revenue and expenses?

In 2024, The Lockett Foundation Inc reported $124k in total revenue and $115k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.