Laura R and William M Corbett Trust
Only null% goes to programs Strong reserves Declining revenue
Laura R and William M Corbett Trust is a 501(c)(3) organization based in Dallas, Texas, registered in 1979, with $237,139 in FY2024 revenue. CharityIndex grades it C+.
Po Box 653067, Dallas, TX, 75265 EIN 57-0685862 Since 1979
Revenue (FY2024)
$237K
▲ 186.4% vs prior year
Education median: $200K
Expenses (FY2024)
$255K
Net assets
$2.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Laura R and William M Corbett Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating116 mo reserves · -7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Laura R and William M Corbett Trust: 116 mo reserves · -7% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Laura R and William M Corbett Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Laura R and William M Corbett Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 653067, Dallas, TX, 75265
- City
- Dallas
- State
- Texas
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue grew from $175K (FY2018) to $237K (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $2.5M
Operating margin
-7.4%
Spent more than it raised in the latest fiscal year.
Total assets
$2.5M
Total liabilities
$0
Net assets
$2.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $237,139▲186% | $254,759▼5.8% | $2,455,567▼0.8% | $2,455,567▼0.8% | 990PF |
| 2023 | $82,812▲329% | $270,561▼10.8% | $2,475,608▼7.0% | $2,475,608▼7.0% | 990PF |
| 2022 | -$36,227▼107% | $303,309▼7.4% | $2,661,522▼12.5% | $2,661,522▼12.5% | 990PF |
| 2021 | $491,952▲162% | $327,392▲62.5% | $3,041,592▼4.3% | $3,041,592▼4.3% | 990PF |
| 2020 | $188,016▲35.6% | $201,485▲3.3% | $3,177,458▼0.7% | $3,177,458▼0.7% | 990PF |
| 2019 | $138,658▼20.6% | $195,124▼7.8% | $3,200,830▼2.2% | $3,200,830▼2.2% | 990PF |
| 2018 | $174,717 | $211,572 | $3,271,746 | $3,271,746 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Laura R and William M Corbett Trust a legitimate nonprofit?
- Yes. Laura R and William M Corbett Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 57-0685862, based in Dallas, Texas. Donations are tax-deductible.
- What is Laura R and William M Corbett Trust's EIN?
- Laura R and William M Corbett Trust's Employer Identification Number (EIN) is 57-0685862.
- How much revenue does Laura R and William M Corbett Trust report?
- Laura R and William M Corbett Trust reported $237,139 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Laura R and William M Corbett Trust have?
- CharityIndex grades Laura R and William M Corbett Trust C+, based on financial health (reserves and operating margin).
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Data for Laura R and William M Corbett Trust (EIN 57-0685862) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.