Jacob L Loose Million Dollar Charity Fund Trust 55

Dallas, TX
Tax-exempt since April 1938
EIN: 44-6009244

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$377k (2024)

Expenses

$228k (2024)

Total Assets

$3.74M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$376,762

Expenses

$227,961

Net Income

$148,801

Net Assets

$3,741,953

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$106,027	28.1%
Sales of Assets	$270,735	71.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$200,044	87.8%
Compensation of Officers*	$32,397	14.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,741,953
Total Liabilities	$0
Net Assets	$3,741,953

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America (Trustee)	$32,397	$0

990-PF

Filed on April 3, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$119,365

Expenses

$221,824

Net Income

-$102,459

Net Assets

$3,597,070

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$94,166	78.9%
Sales of Assets	$15,492	13.0%
Other Income	$9,707	8.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$198,648	89.6%
Compensation of Officers*	$28,907	13.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,597,070
Total Liabilities	$0
Net Assets	$3,597,070

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America (Trustee)	$28,907	$0

990-PF

Filed on April 16, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

-$91,124

Expenses

$261,018

Net Income

-$352,142

Net Assets

$3,700,989

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$75,779
Sales of Assets	-$166,903
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$218,793	83.8%
Compensation of Officers*	$29,564	11.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,700,989
Total Liabilities	$0
Net Assets	$3,700,989

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America (Trustee)	$29,564	$0

990-PF

Filed on April 11, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$833,318

Expenses

$217,219

Net Income

$616,099

Net Assets

$4,052,907

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$80,453	9.7%
Sales of Assets	$752,865	90.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$187,599	86.4%
Compensation of Officers*	$32,492	15.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,052,907
Total Liabilities	$0
Net Assets	$4,052,907

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America (Trustee)	$32,492	$0

990-PF

Filed on March 22, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$288,152

Expenses

$205,517

Net Income

$82,635

Net Assets

$3,432,166

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$64,266	22.3%
Sales of Assets	$223,886	77.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$182,734	88.9%
Compensation of Officers*	$27,289	13.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,432,167
Total Liabilities	$1
Net Assets	$3,432,166

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$27,289	$0

990-PF

Filed on March 31, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$207,942

Expenses

$206,218

Net Income

$1,724

Net Assets

$3,350,102

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$86,699	41.7%
Sales of Assets	$121,243	58.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$181,746	88.1%
Compensation of Officers*	$27,001	13.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,350,103
Total Liabilities	$1
Net Assets	$3,350,102

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$27,001	$0

990-PF

Filed on April 2, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$322,869

Expenses

$209,129

Net Income

$113,740

Net Assets

$3,366,183

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$73,326	22.7%
Sales of Assets	$249,543	77.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$176,414	84.4%
Compensation of Officers*	$27,585	13.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,366,183
Total Liabilities	$0
Net Assets	$3,366,183

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$27,585	$0

990-PF

Filed on April 4, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$342,414

Expenses

$186,467

Net Income

$155,947

Net Assets

$3,247,187

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$72,071	21.0%
Sales of Assets	$270,223	78.9%
Other Income	$120	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$166,605	89.3%
Compensation of Officers*	$26,493	14.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,247,187
Total Liabilities	$0
Net Assets	$3,247,187

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$26,493	$0

990-PF

Filed on April 19, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$41,084

Expenses

$193,462

Net Income

-$152,378

Net Assets

$3,146,999

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$71,330	> 100%
Sales of Assets	-$30,246
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$173,428	89.6%
Compensation of Officers*	$24,821	12.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,146,999
Total Liabilities	$0
Net Assets	$3,146,999

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$24,821	$0

990-PF

Filed on April 14, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$133,168

Expenses

$198,238

Net Income

-$65,070

Net Assets

$3,333,796

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$80,727	60.6%
Sales of Assets	$51,840	38.9%
Other Income	$601	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$179,560	90.6%
Compensation of Officers*	$25,776	13.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,333,796
Total Liabilities	$0
Net Assets	$3,333,796

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$25,776	$0

990-PF

Filed on April 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$93,548

Expenses

$191,447

Net Income

-$97,899

Net Assets

$3,395,287

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$72,804	77.8%
Sales of Assets	$16,026	17.1%
Other Income	$4,718	5.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$172,263	90.0%
Compensation of Officers*	$27,533	14.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,395,287
Total Liabilities	$0
Net Assets	$3,395,287

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$27,533	$0

990-PF

Filed on April 29, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$183,115

Expenses

$205,099

Net Income

-$21,984

Net Assets

$3,432,549

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$79,876	43.6%
Sales of Assets	$103,926	56.8%
Other Income	-$687

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$166,976	81.4%
Compensation of Officers*	$26,814	13.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,432,549
Total Liabilities	$0
Net Assets	$3,432,549

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$567,001

Expenses

$181,154

Net Income

$385,847

Net Assets

$3,455,912

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$59,377	10.5%
Sales of Assets	$507,563	89.5%
Other Income	$61	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$168,346	92.9%
Compensation of Officers*	$16,240	9.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,455,912
Total Liabilities	$0
Net Assets	$3,455,912

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$152,411

Expenses

$167,544

Net Income

-$15,133

Net Assets

$3,066,734

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$89,428	58.7%
Sales of Assets	$62,983	41.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$151,899	90.7%
Compensation of Officers*	$14,972	8.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,066,734
Total Liabilities	$0
Net Assets	$3,066,734

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated March 23, 2026

Jacob L Loose Million Dollar Charity Fund Trust 55

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $377k (2024)

Expenses $228k (2024)

Total Assets $3.74M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$377k (2024)

Expenses

$228k (2024)

Total Assets

$3.74M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2020

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2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

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2009

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