Community Foundation Inc
- Assets
- $32.3m
- Revenue
- $6.2m
- Investments
- $13.1m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/1968
- Data as of
- 12/2022
- 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 12/2022, Community Foundation Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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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 | $129,982 |
| Dividends & Interest | $964,503 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,057,823 |
| Capital Gain Net Income | $5,057,823 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $312 |
| Total Revenue | $6,152,620 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $127,223 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,438 |
| Total operating and administrative expenses | $338,168 |
| Contributions, gifts, grants paid | $2,050,000 |
| Total expenses and disbursements | $2,388,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,582 |
| Savings and temporary cash investments | $19,122,616 |
| 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 | $187,737 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,290,709 |
| 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 |
|---|---|
Casselberry, FL PURPOSE: GENERAL OPERATING | $2,000,000 |
Colorado Springs, CO PURPOSE: GENERAL OPERATING | $250,000 |
FAMILY TALK RADIO PURPOSE: GENERAL OPERATING | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Foundation Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Mississippi Humanities Council Inc Jackson, MS PURPOSE: HUMANITIES PROGRAMS | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Jewish Community Foundation Houston, TX | $219,913,135 | $24,014,170 |
El Paso Community Foundation El Paso, TX | $84,044,216 | $21,715,289 |
Dallas Jewish Community Foundation Dallas, TX | $257,889,567 | $62,022,140 |
Excellerate Foundation Rogers, AR | $1,422,117 | $18,582,776 |
Community Foundation Of Acadiana Lafayette, LA | $154,976,502 | $32,964,309 |
East Texas Communties Foundation Inc Tyler, TX | $137,619,988 | $26,912,059 |
Permian Basin Area Foundation Midland, TX | $279,717,835 | $33,055,231 |
Coastal Bend Community Foundation Corpus Christi, TX | $108,771,206 | $10,804,915 |
Community Foundation Of Abilene Abilene, TX | $138,667,981 | $15,269,593 |
Community Foundation Of North Louisiana Shreveport, LA | $154,534,783 | $16,289,106 |
Albuquerque Community Foundation Albuquerque, NM | $124,587,657 | $15,721,383 |
Wichita Falls Area Community Foundation Wichita Falls, TX | $80,507,148 | $8,576,098 |