Baxter Trust

Houston, TX
Tax-exempt since May 1986
EIN: 76-0174893

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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

$2.37M (2023)

Expenses

$3.12M (2023)

Total Assets

$47.1M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Revenue

$2,374,491

Expenses

$3,115,601

Net Income

-$741,110

Net Assets

$47,141,050

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$1,330,141	56.0%
Sales of Assets	$992,023	41.8%
Other Income	$52,326	2.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,676,213	85.9%
Compensation of Officers*	$232,500	7.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$47,141,050
Total Liabilities	$0
Net Assets	$47,141,050

Compensation

Key Employees and Officers	Compensation	Other
Thomas G Hambrick Jr (Ceo)	$232,500	$0
David Fisher (Trustee)	$0	$0
Alan Stewart (Trustee)	$0	$0
Sonja Gee (Trustee)	$0	$0
Thao Costis (Trustee)	$0	$0
Fred Robertson (Trustee)	$0	$0

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990-PF

Filed on Dec. 17, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$2,580,758

Expenses

$3,245,548

Net Income

-$664,790

Net Assets

$47,816,592

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$1,069,432	41.4%
Sales of Assets	$1,442,579	55.9%
Other Income	$68,746	2.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,846,617	87.7%
Compensation of Officers*	$205,000	6.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$47,816,592
Total Liabilities	$0
Net Assets	$47,816,592

Compensation

Key Employees and Officers	Compensation	Other
Thomas G Hambrick Jr (Ceo)	$205,000	$0
Alan Stewart (Trustee)	$0	$0
Sonja Gee (Trustee)	$0	$0
Thao Costis (Trustee)	$0	$0
Fred Robertson (Trustee)	$0	$0

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990-PF

Filed on Nov. 15, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$6,766,543

Expenses

$2,580,845

Net Income

$4,185,698

Net Assets

$48,400,713

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10	0.0%
Dividends	$1,392,710	20.6%
Sales of Assets	$5,372,650	79.4%
Other Income	$1,173	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,377,453	92.1%
Compensation of Officers*	$197,200	7.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$48,400,713
Total Liabilities	$0
Net Assets	$48,400,713

Compensation

Key Employees and Officers	Compensation	Other
Thomas G Hambrick Jr (Ceo)	$197,200	$0
Fred Robertson (Trustee)	$0	$0
Alan Stewart (Trustee)	$0	$0
Sonja Gee (Trustee)	$0	$0
Thao Costis (Trustee)	$0	$0

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990-PF

Filed on Sept. 30, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$3,105,661

Expenses

$2,621,626

Net Income

$484,035

Net Assets

$44,150,502

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6	0.0%
Dividends	$1,155,720	37.2%
Sales of Assets	$1,949,117	62.8%
Other Income	$818	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,520,261	96.1%
Compensation of Officers*	$189,400	7.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$44,166,514
Total Liabilities	$16,012
Net Assets	$44,150,502

Compensation

Key Employees and Officers	Compensation	Other
Thomas G Hambrick Jr (Trustee & Ceo)	$189,400	$0
Toby T Mongan (Trustee)	$0	$0
David Hessel (Trustee)	$0	$0
Elise Shatto (Trustee)	$0	$0
J Greg Crow (Trustee)	$0	$0
John Fenoglio (Trustee)	$0	$0
George Ferry (Trustee)	$0	$0

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990-PF

Filed on Nov. 15, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$2,200,994

Expenses

$2,373,074

Net Income

-$172,080

Net Assets

$43,666,466

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,203,223	54.7%
Sales of Assets	$997,059	45.3%
Other Income	$712	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,281,528	96.1%
Compensation of Officers*	$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	$43,666,467
Total Liabilities	$1
Net Assets	$43,666,466

Compensation

Key Employees and Officers	Compensation	Other
Toby T Mongan (Trustee)	$0	$0
David Hessel (Trustee)	$0	$0
Elise Shatto (Trustee)	$0	$0
J Greg Crow (Trustee)	$0	$0
John Fenoglio (Trustee)	$0	$0
George Ferry (Trustee)	$0	$0

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990-PF

Filed on July 20, 2020

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

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Schedules ▼

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Fiscal Year Ending Dec.
2018

Revenue

$2,978,622

Expenses

$2,380,406

Net Income

$598,216

Net Assets

$43,838,547

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,565,548	52.6%
Sales of Assets	$1,412,311	47.4%
Other Income	$763	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,281,694	95.9%
Compensation of Officers*	$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	$43,838,547
Total Liabilities	$0
Net Assets	$43,838,547

Compensation

Key Employees and Officers	Compensation	Other
Toby T Mongan (Trustee)	$0	$0
David Hessel (Trustee)	$0	$0
Elise Shatto (Trustee)	$0	$0
J Greg Crow (Trustee)	$0	$0
John Fenoglio (Trustee)	$0	$0
George Ferry (Trustee)	$0	$0

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990-PF

Filed on Sept. 16, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$1,740,261

Expenses

$2,296,433

Net Income

-$556,172

Net Assets

$43,240,331

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$21,578	1.2%
Interest Revenue	$0
Dividends	$1,063,919	61.1%
Sales of Assets	$654,764	37.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,194,989	95.6%
Compensation of Officers*	$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	$43,240,331
Total Liabilities	$0
Net Assets	$43,240,331

Compensation

Key Employees and Officers	Compensation	Other
Toby T Mongan (Trustee)	$0	$0
David Hessel (Trustee)	$0	$0
Elise Shatto (Trustee)	$0	$0
J Greg Crow (Trustee)	$0	$0
John Fenoglio (Trustee)	$0	$0
George Ferry (Trustee)	$0	$0

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990-PF

Filed on July 26, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$1,382,736

Expenses

$2,060,412

Net Income

-$677,676

Net Assets

$43,796,503

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$681	0.0%
Interest Revenue	$0
Dividends	$1,038,790	75.1%
Sales of Assets	$343,265	24.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,970,039	95.6%
Compensation of Officers*	$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	$43,796,503
Total Liabilities	$0
Net Assets	$43,796,503

Compensation

Key Employees and Officers	Compensation	Other
Toby T Mongan (Trustee)	$0	$0
David Hessel (Trustee)	$0	$0
Elise Shatto (Trustee)	$0	$0
J Greg Crow (Trustee)	$0	$0
John Fenoglio (Trustee)	$0	$0
George Ferry (Trustee)	$0	$0

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990-PF

Filed on May 31, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$1,675,408

Expenses

$2,176,239

Net Income

-$500,831

Net Assets

$44,474,179

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$941,412	56.2%
Sales of Assets	$679,323	40.5%
Other Income	$54,673	3.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,036,020	93.6%
Compensation of Officers*	$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	$44,474,179
Total Liabilities	$0
Net Assets	$44,474,179

Compensation

Key Employees and Officers	Compensation	Other
Toby T Mongan (Trustee)	$0	$0
David Hessel (Trustee)	$0	$0
Elise Shatto (Trustee)	$0	$0
J Greg Crow (Trustee)	$0	$0
John Fenoglio (Trustee)	$0	$0
George Ferry (Trustee)	$0	$0

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990-PF

Filed on July 12, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$6,155,761

Expenses

$2,303,097

Net Income

$3,852,664

Net Assets

$44,975,010

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$41	0.0%
Dividends	$1,175,380	19.1%
Sales of Assets	$4,980,340	80.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,051,856	89.1%
Compensation of Officers*	$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	$44,975,010
Total Liabilities	$0
Net Assets	$44,975,010

Compensation

Key Employees and Officers	Compensation	Other
Thomas G Hambrick Jr (Trustee)	$0	$0
David Hessel (Trustee)	$0	$0
Heidi Kelsey (Trustee)	$0	$0
Elise Shatto (Trustee)	$0	$0
J Greg Crow (Trustee)	$0	$0
John Fenoglio (Trustee)	$0	$0
George Ferry (Trustee)	$0	$0

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990-PF

Filed on Sept. 25, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$2,359,048

Expenses

$2,382,542

Net Income

-$23,494

Net Assets

$41,122,346

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$113	0.0%
Dividends	$1,073,178	45.5%
Sales of Assets	$1,285,757	54.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,164,452	90.8%
Compensation of Officers*	$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	$41,122,346
Total Liabilities	$0
Net Assets	$41,122,346

Compensation

Key Employees and Officers	Compensation	Other
Blair Baxter (Trustee)	$0	$0
David Welsh (Trustee)	$0	$0
Thomas G Hambrick Jr (Trustee)	$0	$0
Tobias T Mongan (Trustee)	$0	$0
David D Welsh (Trustee)	$0	$0
Heidi Kelsey (Trustee)	$0	$0
David Hessel (Trustee)	$0	$0
John Fenoglio (Trustee)	$0	$0
J Greg Crow (Trustee)	$0	$0

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990-PF

Filed on July 31, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$1,759,753

Expenses

$2,014,117

Net Income

-$254,364

Net Assets

$41,145,839

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,268	0.9%
Interest Revenue	$254	0.0%
Dividends	$1,267,817	72.0%
Sales of Assets	$476,414	27.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,745,834	86.7%
Compensation of Officers*	$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	$41,145,840
Total Liabilities	$1
Net Assets	$41,145,839

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$7,341,459

Expenses

$2,151,477

Net Income

$5,189,982

Net Assets

$41,719,538

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$571,483	7.8%
Interest Revenue	$385	0.0%
Dividends	$1,628,460	22.2%
Sales of Assets	$5,141,131	70.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,936,343	90.0%
Compensation of Officers*	$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	$41,719,539
Total Liabilities	$1
Net Assets	$41,719,538

990-PF

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

PDF

PDF (2 of 2)

About This Data

What Is This Data?

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Baxter Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.37M (2023)

Expenses $3.12M (2023)

Total Assets $47.1M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

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

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$2.37M (2023)

Expenses

$3.12M (2023)

Total Assets

$47.1M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

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2020

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2019

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2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
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