New Braunfels Area Community Foundation
- Assets
- $14.2m
- Revenue
- $2.9m
- Investments
- $13.2m
- Employees
- 2
- Location
- New Braunfels, TX
- Founding
- 11/2013
- Data as of
- 12/2023
- EIN
- 45-5342842
Organization Overview
New Braunfels Area Community Foundation is located in New Braunfels, TX. The organization was established in 2013. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, New Braunfels Area Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Braunfels Area Community 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 12/2023, New Braunfels Area Community Foundation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New Braunfels Area Community Foundation has awarded 175 individual grants totaling $6,173,148. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NEW BRAUNFELS AREA COMMUNITY FOUNDATION DEVELOPS AND ENCOURAGES A CULTURE OF PHILANTHROPY BY ACCEPTING GIFTS, ADMINISTERING FUNDS, INVESTING ASSETS, AND MAKING GRANTS TO CHARITABLE ORGANIZATIONS ON BEHALF OF DONORS FOR THE GREATER BENEFIT OF THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEW BRAUNFELS AREA COMMUNITY FOUNDATION PROVIDES SERVICES TO DONORS BY PROVIDING A VARIETY OF FUND OPTIONS THAT ASSIST DONORS IN THEIR CHARITABLE AND PHILANTHROPIC ENDEAVOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Hittle Member | Trustee | 1.5 | $0 |
Brenda Chapman Member | Trustee | 1.5 | $0 |
Brian Cox Chair | OfficerTrustee | 1.5 | $0 |
Larry Hammonds Member | Trustee | 1.5 | $0 |
Gary Barr Member | Trustee | 1.5 | $0 |
Steve Wood Member | Trustee | 1.5 | $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 | $1,946,426 |
| Noncash contributions included in lines 1a–1f | $1,920 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,946,426 |
| Total Program Service Revenue | $172,613 |
| Investment income | $314,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,098 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $410,050 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,854,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,298,498 |
| Grants and other assistance to domestic individuals. | $33,063 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $119,790 |
| Other salaries and wages | $55,298 |
| Pension plan accruals and contributions | $4,915 |
| Other employee benefits | $0 |
| Payroll taxes | $13,394 |
| Fees for services: Management | $142,874 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,604 |
| Fees for services: Other | $23,590 |
| Advertising and promotion | $13,628 |
| Office expenses | $13,018 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,600 |
| Travel | $2,852 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,776 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,368 |
| Insurance | $3,855 |
| All other expenses | $0 |
| Total functional expenses | $1,792,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $527,976 |
| Savings and temporary cash investments | $471,984 |
| Pledges and grants receivable | $0 |
| 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 | $11,392 |
| Net Land, buildings, and equipment | $7,684 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,179,692 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,198,728 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,609,637 |
| 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 | $0 |
| Total liabilities | $2,609,637 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $11,589,091 |
| Total liabilities and net assets/fund balances | $14,198,728 |
Grants Awarded
Over the last fiscal year, New Braunfels Area Community Foundation has awarded $837,678 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITIES IN SCHOOLS OF SOUTH CENTRAL TEXAS PURPOSE: TO FURTHER THE ENTITIES PROGRAMS AND PURPOSE. | $11,000 |
CONNECTIONS INDIVIDUAL AND FAMILY SERVICES PURPOSE: TO FURTHER THE ENTITIES PROGRAMS AND PURPOSE. | $34,000 |
CRRC OF CANYON LAKE PURPOSE: TO FURTHER THE ENTITIES PROGRAMS AND PURPOSE. | $7,000 |
IN GOD'S HEART MINISTRY PURPOSE: TO FURTHER THE ENTITIES PROGRAMS AND PURPOSE. | $18,000 |
HOUSTON FOOD BANK PURPOSE: TO FURTHER THE ENTITIES PROGRAMS AND PURPOSE. | $6,500 |
SAN ANTONIO FOOD BANK PURPOSE: TO FURTHER THE ENTITIES PROGRAMS AND PURPOSE. | $5,250 |