Cloninger Angel Fire Foundation
- Assets
- $3.6m
- Revenue
- $664.9k
- Investments
- $901.0k
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 04/2012
- Data as of
- 12/2022
- EIN
- 45-4089067
Organization Overview
Cloninger Angel Fire Foundation is located in Amarillo, 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. Cloninger Angel Fire 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, Cloninger Angel Fire Foundation generated $664.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $225.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cloninger Angel Fire Foundation has awarded 59 individual grants totaling $1,878,242. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kriss Cloninger III Trustee | 1 | $0 | |
Lisa L Cloninger Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $551,360 |
| Interest on Savings | $207 |
| Dividends & Interest | $56,700 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,675 |
| Capital Gain Net Income | $56,675 |
| Net ST Capital Gain | $56,675 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $664,942 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,068 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $59,293 |
| Total operating and administrative expenses | $66,535 |
| Contributions, gifts, grants paid | $159,303 |
| Total expenses and disbursements | $225,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,049 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,600,000 |
| Other assets | $0 |
| Total assets | $3,566,051 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Cloninger Angel Fire Foundation has awarded $159,303 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
VILLAGE CHURCH PURPOSE: GENERAL FUND | $66,286 |
THE JOSHUA FUND PURPOSE: GENERAL FUND | $25,000 |
THIRD PARADIGM FOUNDATION PURPOSE: GENERAL | $5,000 |
MY FAITH VOTES PURPOSE: GENERAL FUND | $2,000 |
TEXAS ARMS OF LOVE PURPOSE: GENERAL FUND | $50,000 |
FREEDOM BAPTIST CHURCH PURPOSE: GENERAL FUND | $11,017 |