Community Foundation Inc
- Assets
- $32.6m
- Revenue
- $2.3m
- Investments
- $12.7m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/1968
- Data as of
- 12/2023
- EIN
- 23-7033813
Organization Overview
Community Foundation Inc is located in Dallas, TX. The organization was established in 1968. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Community Foundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 0.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wk Paine President And Treasurer | 5 | $0 | |
Robert H Paine Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $771,361 |
| Dividends & Interest | $1,340,753 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $215,450 |
| Capital Gain Net Income | $215,450 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,327,564 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,903 |
| Total operating and administrative expenses | $66,104 |
| Contributions, gifts, grants paid | $2,000,000 |
| Total expenses and disbursements | $2,066,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,252 |
| Savings and temporary cash investments | $19,765,233 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $141,903 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,552,169 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Community Foundation Inc has awarded $2,350,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY TALK RADIO PURPOSE: GENERAL OPERATING | $100,000 |
FOCUS ON THE FAMILY PURPOSE: GENERAL OPERATING | $250,000 |
THIRD MILLENNIUM MINISTRIES PURPOSE: GENERAL OPERATING | $2,000,000 |