Local North Texas Community Foundation

Foundation · Grantmaker Red Oak, TX EIN: 81-0905348

Local North Texas Community Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Red Oak, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $67K in total assets. In 2024, it awarded 3 grants totaling $56K.

Key facts about Local North Texas Community Foundation

EIN: 81-0905348
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $56,051
Grants made (2024): 3
Average grant: $18,684
Median grant: $5,000
Total assets: $66,980
Primary geography: Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Local North Texas Community Foundation funds

By grant dollars, the top recipient states for Local North Texas Community Foundation's 3 itemized 2024 grants were Texas (100%). None of its 3 grants with a stated purpose were described as general or operating support.

How Local North Texas Community Foundation gives

Giving fell 99% from 2021 to 2024. Method
In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$67K

-10.8% YoY

Annual Giving

$56K

-93.2% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$19K

-95.5% YoY

Under IRS private-foundation payout rules, Local North Texas Community Foundation reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.

About Local North Texas Community Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $56K (100%)

Share of all 3 itemized 2024 grant dollars.

States

Texas

Cities

LancasterWaxahachieDesotoRed OakDallasGlenn Heights

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$66,980	$75,081	$3,958
Revenue	$50,051	$900,000	$5,389,000
Expenses	$58,152	$828,877	$5,426,847
Qualifying Distributions	$56,051	$827,489	$5,425,720
Net Investment Income	—	—	—
Distributable Amount	$3,603	$4,452	$771

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Desoto House of Peace and Community Center ($50,051), Navarro College Foundation ($5,000), Anna's Bake Sale Foundation ($1,000).

Recipient	Purpose	Amount
DESOTO HOUSE OF PEACE AND COMMUNITY CENTER Desoto, TX	CAPITAL CAMPAIGN FOR DEVELOPMENT OF A COMMUNITY CENTER	$50,051
NAVARRO COLLEGE FOUNDATION Waxahachie, TX	EDUCATIONAL AND REASEARCH	$5,000
ANNA'S BAKE SALE FOUNDATION Red Oak, TX	CANCER RESEARCH	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Mohamad Elchehimi	President	—	—
Mohamad Soueid	VP/Secretary	—	—
Mohamad Elchehimi	Treasurer	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Local North Texas Community Foundation?

Local North Texas Community Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Red Oak, TX. It holds $67K in total assets as of 2024.

How large is Local North Texas Community Foundation?

As of 2024, Local North Texas Community Foundation holds $67K in total assets with $50K in annual revenue. It awarded 3 grants totaling $56K in 2024.

Where does Local North Texas Community Foundation operate?

Local North Texas Community Foundation has awarded grants in Texas.

What size grants does Local North Texas Community Foundation award?

In 2024, Local North Texas Community Foundation awarded 3 grants totaling $56K — an average of about $19K per grant, based on its IRS Form 990 filings.

How much is Local North Texas Community Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Local North Texas Community Foundation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Local North Texas Community Foundation's EIN?

Local North Texas Community Foundation's EIN (Employer Identification Number) is 81-0905348. IRS Form 990 filing data is available on this page for 2020–2024.