1687 Foundation
- Assets
- $125.0m
- Revenue
- $53.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Plano, TX
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 26-3772474
Organization Overview
1687 Foundation is located in Plano, TX. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. 1687 Foundation 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, 1687 Foundation generated $53.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.1% each year . All expenses for the organization totaled $7.6m during the year ending 12/2022. While expenses have increased by 9.8% per year over the past 7 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, 1687 Foundation has awarded 293 individual grants totaling $11,468,135. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING OVER 540,000 FREE BOOKS TO RELIGIOUS ORGANIZATIONS AND 70,000 PATRIOTIC PINS FOR PRISONS, CHURCHES, AND OTHER CHARITABLE ORGANIZATIONS
GRANT AND CONTRIBUTIONS TO CHARITABLE ORGANIZATION SEE PART XIV GRANTS AND CONTRIBUTIONS
PROVIDING FREE CHARITABLE RETREATS TO APPROXIMATELY 50 NON-PROFITS ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patti Jo Peck Wood Director, Pres, | 5 | $0 | |
Deborah J Galloway Director Of Finance, V.P. | 1 | $15,000 | |
Dona R Bradley Director | 1 | $15,000 | |
Don L Parks Director | 1 | $15,000 | |
Herbert L Cartwright Director, CEO | 1 | $23,000 | |
Jerry G Rainey Jr Director, V.P. Ranch Wildl | 40 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,001,050 |
| Interest on Savings | $0 |
| Dividends & Interest | $689,695 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$301,343 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$21,592 |
| Other Income | $2,999,876 |
| Total Revenue | $53,367,686 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $98,000 |
| Other employee salaries and wages | $408,035 |
| Pension plans, employee benefits | $35,303 |
| Interest | $0 |
| Taxes | $38,487 |
| Depreciation | $696,722 |
| Occupancy | $112,875 |
| Travel, conferences, and meetings | $75,728 |
| Printing and publications | $0 |
| Other expenses | $2,968,558 |
| Total operating and administrative expenses | $4,487,403 |
| Contributions, gifts, grants paid | $3,083,375 |
| Total expenses and disbursements | $7,570,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $492,700 |
| Savings and temporary cash investments | $108,270,482 |
| 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 | $76,885 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $16,107,994 |
| Other assets | $5,362 |
| Total assets | $124,953,423 |
| Accounts payable and accrued expenses | $161,907 |
| 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 | -$844 |
| Total liabilities | $161,063 |
Grants Awarded
Over the last fiscal year, 1687 Foundation has awarded $3,083,375 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
ABILENE YOUTH SPORTS AUTHORITY PURPOSE: DONATION | $44,550 |
AUSTIN ADAMS-TAXIDERMY SCHOOL & LODGING PURPOSE: DONATION | $15,140 |
AGAPE COUNSELING SERVICES PURPOSE: DONATION | $40,000 |
ARCHWAY ACADEMY PURPOSE: DONATION | $10,000 |
AUSTIN ADAMS-HOUSE PURPOSE: DONATION | $88,570 |
BAND BOOSTERS PURPOSE: DONATION | $500 |