James B And Lois R Archer Charitable Foundation
- Assets
- $41.3m
- Revenue
- $11.5m
- Investments
- $38.5m
- Employees
- 0
- Location
- San Angelo, TX
- Founding
- 01/2012
- Data as of
- 12/2022
- EIN
- 45-3326925
Organization Overview
James B And Lois R Archer Charitable Foundation is located in San Angelo, TX. The organization was established in 2012. 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. James B And Lois R Archer Charitable 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, James B And Lois R Archer Charitable Foundation generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 60.3% each year . All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 4 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 2019, James B And Lois R Archer Charitable Foundation has awarded 81 individual grants totaling $37,799,270. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James B Archer Chairman | 1 | $0 | |
Lois R Archer Director | 1 | $0 | |
Marcus Lopez Executive Director | 20 | $135,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $107,455 |
| Dividends & Interest | $931,113 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,482,630 |
| Capital Gain Net Income | $10,482,630 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,521,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $135,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $91,718 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74,568 |
| Total operating and administrative expenses | $427,579 |
| Contributions, gifts, grants paid | $2,360,120 |
| Total expenses and disbursements | $2,787,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,748,616 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,619,569 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $41,270,430 |
| Accounts payable and accrued expenses | $12,407 |
| 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 | $12,407 |
Grants Awarded
Over the last fiscal year, James B And Lois R Archer Charitable Foundation has awarded $6,110,120 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELO STATE UNIVERSITY FOUNDATION ON BEHALF OF ASU PURPOSE: ANGELO STATE UNIVERSITY FOUNDATION, INC. IS A PUBLIC, NON-PROFIT ORGANIZATION THAT WAS ESTABLISHED TO PROVIDE FINANCIAL ASSISTANCE TO ASU PRIMARILY FROM GIFTS AND EARNINGS ON ENDOWED FUNDS. THE FOUNDATION OVERSEES MANAGEMENT, INVESTMENT, AND DISTRIBUTION OF ALL FOUNDATION FUNDS FOR THE FURTHERANCE OF EDUCATIONAL PURPOSES AT ASU AND IN ACCORDANCE WITH DONORS' WISHES. | $500,000 |
BELMONT UNIVERSITY PURPOSE: BELMONT UNIVERSITY IS A STUDENT-CENTERED CHRISTIAN COMMUNITY PROVIDING AN ACADEMICALLY CHALLENGING EDUCATION THAT EMPOWERS MEN AND WOMEN OF DIVERSE BACKGROUNDS TO ENGAGE AND TRANSFORM THE WORLD WITH DISCIPLINED INTELLIGENCE, COMPASSION, COURAGE AND FAITH. THEIR VISION IS TO BE A LEADER AMONG TEACHING UNIVERSITIES, BRINGING TOGETHER THE BEST OF LIBERAL ARTS AND PROFESSIONAL EDUCATION IN A CHRISTIAN COMMUNITY OF LEARNING AND SERVICE. AS A STUDENT-CENTERED CHRISTIAN COMMUNITY WITH A RICH BAPTIST HERITAGE, BELMONT UNIVERSITY UPHOLDS THE FOLLOWING CORE VALUES AS ESSENTIAL TO THE INTELLECUTAL, SPIRITUAL, PERSONAL AND CORPORATE LIFE: INTEGRITY, INQUIRY, COLLABORATION, SERVICE, HUMILITY. | $750,000 |
CHILDREN'S ADVOCACY CENTER OF GREATER WEST TEXAS INC PURPOSE: THE MISSION OF THE CHILDREN'S ADVOCACY CENTER OF GREATER WEST TEXAS INC. IS TO ENSURE THAT EVERY CHILD IN OUR COMMUNITY HAS A SAFE AND NURTURING HOME. THE CHILDREN'S ADVOCACY CENTER OF GREATER WEST TEXAS, INC. (CAC) SERVES CHILDREN FROM BIRTH TO 17 YEARS OF AGE AND FAMILIES ACROSS THE GREATER WEST TEXAS REGION. | $250,000 |
EL PROGRESO MEMORIAL LIBRARY PURPOSE: THE MISSION OF EL PROGRESO MEMORIAL LIBRARY IS TO PROVIDE FOR THE INFORMATIONAL, REFERENCE, RESEARCH AND RECREATIONAL READING NEEDS OF THE LOCAL UVALDE CITY AND COUNTY AREA. | $10,350 |
JUNIOR LEAGUE OF SAN ANGELO PURPOSE: THE MISSION OF JUNIOR LEAGUE OF SAN ANGELO IS TO PROMOTE VOLUNTARISM, DEVELOPING THE POTENTIAL OF WOMEN AND IMPROVING THE COMMUNITY THROUGH THE EFFECTIVE ACTION AND LEADERSHIP OF TRAINED VOLUNTEERS. | $10,000 |
JUVENILE DIABETES RESEARCH FOUNDATION PURPOSE: THE MISSION OF THE JUVENILE DIABETES RESEARCH FOUNDATION IS IMPROVING LIVES TODAY AND TOMORROW BY ACCELERATING LIFE-CHANGING BREAKTHROUGHS TO CURE, PREVENT AND TREAT T1D AND ITS COMPLICATIONS | $10,000 |