Heavenly Fathers Foundation
- Assets
- $237.9m
- Revenue
- $35.8m
- Investments
- $233.9m
- Employees
- 0
- Location
- Cisco, TX
- Founding
- 08/2011
- Data as of
- 12/2021
- EIN
- 27-6987913
Organization Overview
Heavenly Fathers Foundation is located in Cisco, TX. The organization was established in 2011. 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. Heavenly Fathers 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 12/2021, Heavenly Fathers Foundation generated $35.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $10.1m during the year ending 12/2021. While expenses have increased by 3.9% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Wilks Trustee Trustee | 4 | $0 | |
Staci Wilks Trustee Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $258,200 |
| Interest on Savings | $494,601 |
| Dividends & Interest | $3,938,201 |
| Net Rental Income | $192,000 |
| Net Gain on Sale of Assets | $21,639,911 |
| Capital Gain Net Income | $20,618,236 |
| Net ST Capital Gain | $2,097,957 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,303,699 |
| Total Revenue | $35,826,612 |
| 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 | $45,511 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $772,654 |
| Total operating and administrative expenses | $823,915 |
| Contributions, gifts, grants paid | $9,227,396 |
| Total expenses and disbursements | $10,051,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,147,245 |
| Savings and temporary cash investments | $0 |
| 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 | $3,101 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,689,589 |
| Other assets | $210,339 |
| Total assets | $237,916,685 |
| Accounts payable and accrued expenses | $71,734 |
| Grants payable | $0 |
| Deferred revenue | $16,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $152,965 |
| Total liabilities | $240,699 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
Perot Foundation Dallas, TX | $46,575,873 | $1,622,633 |
The Charles Butt Foundation San Antonio, TX | $7,229,103 | $6,060,986 |