Central Texas Community Foundation Inc
- Assets
- $19.5m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Round Rock, TX
- Founding
- 08/2004
- Data as of
- 12/2022
- EIN
- 43-2043188
Organization Overview
Central Texas Community Foundation Inc is located in Round Rock, TX. The organization was established in 2004. 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. As of 12/2022, Central Texas Community Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Texas 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, Central Texas Community Foundation Inc generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $5.3m during the year ending 12/2022. While expenses have increased by 20.8% 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 2016, Central Texas Community Foundation Inc has awarded 263 individual grants totaling $8,645,221. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE IN THE CENTRAL TEXAS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING - THE FOUNDATION MAKES GRANTS TO COMMUNITY NONPROFITORGANIZATIONS THROUGH THE VARIOUS ENDOWMENTS AND FUNDS THAT IT HOLDS.
GIVING CIRCLES - THE FOUNDATION HAS ESTABLISHED GIVING CIRCLES TOSUPPORT ITS MISSION OF INSPIRING PHILANTHROPY. THESE CIRCLES FOCUS ONEDUCATING MEMBERS ABOUT LOCAL NEEDS AND WAYS THEY CAN HELP.
NONPROFIT INCUBATOR - THE INCUBATOR PROGRAM ENHANCES THE REGION'SNONPROFIT LANDSCAPE BY ASSISTING SELECTED NONPROFIT ORGANIZATIONS BYPROVIDING OFFICE SPACE AND OTHER RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Merida Executive Director | Officer | 40 | $122,008 |
Nyle Maxwell Chairman | OfficerTrustee | 5 | $0 |
Jim Boles Vice Chair | OfficerTrustee | 2 | $0 |
Bruce Bessner Treasurer | OfficerTrustee | 2 | $0 |
Shevawn Walzel Secretary | OfficerTrustee | 2 | $0 |
John Nelson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,217,735 |
| Noncash contributions included in lines 1a–1f | $113,693 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,217,735 |
| Total Program Service Revenue | $204,411 |
| Investment income | $317,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,417 |
| Net Gain/Loss on Asset Sales | $497,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,464,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,546,275 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,008 |
| Compensation of current officers, directors, key employees. | $18,301 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,485 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,118 |
| Payroll taxes | $13,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,639 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $86,102 |
| Fees for services: Other | $181,222 |
| Advertising and promotion | $0 |
| Office expenses | $8,976 |
| Information technology | $8,814 |
| Royalties | $0 |
| Occupancy | $30,598 |
| Travel | $3,211 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,020 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,973 |
| All other expenses | $0 |
| Total functional expenses | $5,300,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $864,071 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $962,448 |
| Investments—publicly traded securities | $17,588,077 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,510 |
| Total assets | $19,450,306 |
| Accounts payable and accrued expenses | $9,133 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,145,247 |
| Total liabilities | $2,154,380 |
| Net assets without donor restrictions | $8,332,084 |
| Net assets with donor restrictions | $8,963,842 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,450,306 |
Grants Awarded
Over the last fiscal year, Central Texas Community Foundation Inc has awarded $2,892,800 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE PREGNANCY RESOURCE CENTER PURPOSE: GENERAL ORGANIZATIONAL SUPPORT | $10,000 |
ANNUNCIATION MATERNITY HOME PURPOSE: UNWED MOTHERS' ASSISTANCE | $10,000 |
AUSTIN JAZZ WORKSHOP PURPOSE: MUSIC EDUCATION | $9,000 |
AUSTIN COMMUNITY FOUNDATION PURPOSE: GENERAL ORGANIZATIONAL SUPPORT | $70,000 |
BOYS AND GIRLS CLUB OF GEORGETOWN PURPOSE: CHILDREN'S SHELTER ASSISTANCE | $10,000 |
BROOKWOOD IN GEORGETOWN PURPOSE: WORK TRAINING FOR PEOPLE WITH DISABLITIES | $1,000,000 |