MARY R GALLASPY CHARITABLE TRUST NO TWO

EIN: 452986977 501(c)(3) Education

NATCHITOCHES, LA

Total Revenue
$4,131,142
Total Expenses
$3,208,274
Total Assets
$46,240,837
Net Assets
$23,108,741
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
LA
Phone
3183574250
Tax Period
2024-07-01 to 2025-06-30

MARY R GALLASPY CHARITABLE TRUST NO TWO, founded in 2011, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $923K, a strong 22% operating margin.

Mission

The trust instrument of the Charitable Trust directs that its income, and income only, shall be used by the Northwestern State University Foundation to establish two equal scholarship funds for undergraduate students at Northwestern State University.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,632,427
Other Revenue $2,498,715
TOTAL REVENUE $4,131,142

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,400
Fundraising Expenses $0
Program Expenses $3,130,573
Other Expenses $3,175,874
TOTAL EXPENSES $3,208,274

Year-over-Year Comparison

2024 2023 Change
Revenue $4,131,142 $3,515,093 +0.2%
Expenses $3,208,274 $3,144,155 +0.0%
Net Income $922,868 $370,938 +1.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
32
Independent Members
32
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
32
$32,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DRAKE OWENS Trustee 5.00
Director
$32,400 $0 $32,400
TERRELL TJ WOODARD Trustee 1.00
Director
$0 $0 $0
BRIAN BAILEY Trustee 1.00
Director
$0 $0 $0
PETE ABINGTON Trustee 1.00
Director
$0 $0 $0
B SCOTT ANDREWS Trustee 1.00
Director
$0 $0 $0
JOHN BONNETTE Trustee 1.00
Director
$0 $0 $0
CLOYD BENJAMIN Trustee 1.00
Director
$0 $0 $0
HENRY BURNS Trustee 1.00
Director
$0 $0 $0
REATHA COX Trustee 1.00
Director
$0 $0 $0
JOHN A MANNO JR Trustee 1.00
Director
$0 $0 $0
TERELL TJ W GORHAM JR Trustee 1.00
Director
$0 $0 $0
MOLLY BEACH Trustee 0.00
Director
$0 $0 $0
REGINA PIERCE Trustee 0.00
Director
$0 $0 $0
STEVE HORTON Executive Dir. 1.00
Officer Director
$0 $0 $0
NICK COURVILLE Trustee 1.00
Director
$0 $0 $0
MICHELLE HOLLENSHEAD Trustee 1.00
Director
$0 $0 $0
WESLEY BREEDEN Trustee 1.00
Director
$0 $0 $0
ALEX WASHINGTON Trustee 1.00
Director
$0 $0 $0
MICHAEL J MURPHY Trustee 1.00
Director
$0 $0 $0
LENN PRINCE Trustee 0.00
Director
$0 $0 $0
TERRY MOORE Trustee 1.00
Director
$0 $0 $0
TRE NELSON Trustee 1.00
Director
$0 $0 $0
MIKE KNOTTS Trustee 1.00
Director
$0 $0 $0
JOHN ROBINSON Trustee 0.00
Director
$0 $0 $0
VIRGINIA BURKETT Trustee 1.00
Director
$0 $0 $0
NICOLE GRAY Trustee 1.00
Director
$0 $0 $0
LELA WILKES Trustee 1.00
Director
$0 $0 $0
SHERRY MORGAN Trustee 1.00
Director
$0 $0 $0
BARBARA JO PEASE Trustee 1.00
Director
$0 $0 $0
THOMAS WRIGHT Trustee 1.00
Director
$0 $0 $0
MIKE WILBURN Trustee 1.00
Director
$0 $0 $0
JILL MORRISON Trustee 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,131,142 $3,208,274 $46,240,837 $922,868
2024 $3,515,093 $3,144,155 $43,285,358 $370,938
2023 $10,505,448 $10,315,319 $40,427,346 $190,129
2022 $7,568,243 $7,164,606 $32,819,833 $403,637
2021 $2,354,454 $2,150,932 $29,615,840 $203,522
2020 $2,243,176 $2,727,425 $27,372,241 $-484,249
2019 $2,730,311 $2,730,311 $25,912,712 No data
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