At&t Foundation
- Assets
- $10.4m
- Revenue
- $207.9k
- Investments
- $1.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/1985
- Data as of
- 12/2022
- EIN
- 43-1353948
Organization Overview
At&t Foundation is located in Dallas, TX. The organization was established in 1985. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. At&t 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, At&t Foundation generated $207.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (36.2%) each year. All expenses for the organization totaled $19.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, At&t Foundation has awarded 2,181 individual grants totaling $57,722,378. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mcatee Director | 0.1 | $0 | |
Nicole Anderson President | 1.2 | $0 | |
Charlene Lake Chairman, Director & VP | 0.2 | $0 | |
George Goeke Vice President & Treasurer | 0.1 | $0 | |
Jeff Slade Vice President & Secretary | 0.8 | $0 | |
Dan O'grady Assistant Treasurer | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benevity | 12/30/20 | $343,000 |
Blackbaud Inc | 12/30/20 | $195,465 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,116 |
| Interest on Savings | $0 |
| Dividends & Interest | $191,936 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $882 |
| Total Revenue | $207,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $124 |
| Total operating and administrative expenses | $432,781 |
| Contributions, gifts, grants paid | $19,141,073 |
| Total expenses and disbursements | $19,573,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,792,392 |
| Net Accounts receivable | $23,728 |
| 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 | $1,631,251 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,447,371 |
| Accounts payable and accrued expenses | $92,005 |
| 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 | $92,005 |
Grants Awarded
Over the last fiscal year, At&t Foundation has awarded $19,130,073 in support to 518 organizations.
| Grant Recipient | Amount |
|---|---|
QUEST COMMUNITY DEVELOPMENT ORGANIZATION INC PURPOSE: HEALTH & HUMAN SERVICES | $98,000 |
OPENING ACT INC PURPOSE: ARTS, MEDIA & CULTURE | $40,000 |
INSPIRASIAN PURPOSE: EDUCATION | $83,060 |
AMERICAN ONLINE GIVING FOUNDATION PURPOSE: COMMUNITY SUPPORT AND SAFETY | $5,000,000 |
DISTRIBUTIVE EDUCATION CLUBS OF AMERICA PURPOSE: EDUCATION | $500,000 |
ICOULDBEORG PURPOSE: EDUCATION | $425,000 |