Kleinheinz Family Foundation For The Arts And Education
- Assets
- $133.3m
- Revenue
- $5.8m
- Investments
- $129.3m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 09/2008
- Data as of
- 12/2022
- EIN
- 26-1631057
Organization Overview
Kleinheinz Family Foundation For The Arts And Education is located in Fort Worth, TX. The organization was established in 2008. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kleinheinz Family Foundation For The Arts And Education 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, Kleinheinz Family Foundation For The Arts And Education generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 53.0% each year . All expenses for the organization totaled $10.3m during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 6 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.
Since 2017, Kleinheinz Family Foundation For The Arts And Education has awarded 172 individual grants totaling $32,080,116. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marsha Kleinheinz Vice President, Director | 20 | $100,000 | |
James K Phillips Chief Financial Officer | 2 | $0 | |
John B Kleinheinz President, Director | 20 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,980,129 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,515,522 |
| Capital Gain Net Income | $1,515,522 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,309,595 |
| Total Revenue | $5,805,246 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $18,768 |
| Taxes | $488,907 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,849,625 |
| Total operating and administrative expenses | $3,572,588 |
| Contributions, gifts, grants paid | $6,768,776 |
| Total expenses and disbursements | $10,341,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,898 |
| Savings and temporary cash investments | $4,509,731 |
| 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 | $114,961,415 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$897,170 |
| Total assets | $133,263,344 |
| 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, Kleinheinz Family Foundation For The Arts And Education has awarded $6,211,550 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF JACKSON HOLE PURPOSE: OLD BILL'S GIFT | $75,000 |
STANFORD UNIVERSITY PURPOSE: HOOVER INSTITUTION, STANFORD INSTITUTE FOR ECONOMIC POLICY RESEARCH, STANFORD GLOBAL PROJECTS CENTER, KLEINHEINZ FAMILY PROFESSORSHIP IN INTERNATIONAL STUDIES, CO-CHALLENGER GIFT, HOLLYHOCK FELLOWSHIP PROGRAM, KLEINHEINZ FAMILY GRADUATE FELLOWSHIP | $1,585,000 |
THE TEXAS TRIBUNE PURPOSE: CASH GRANT TO THE GENERAL FUND | $75,000 |
PERFORMING ARTS OF FORT WORTH PURPOSE: CASH GRANT TO THE GENERAL FUND | $50,000 |
NARRATIVE PURPOSE: CASH GRANT TO THE GENERAL FUND | $50,000 |
STAR CHILDRENS' SCHOLARSHIP PURPOSE: CASH GRANT TO THE GENERAL FUND | $25,000 |