Randy L Wendt Foundation
- Assets
- $1.3m
- Revenue
- $44.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 02/2015
- Data as of
- 12/2019
- EIN
- 46-1759532
Organization Overview
Randy L Wendt Foundation is located in Amarillo, TX. The organization was established in 2015. 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. Randy L Wendt 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 12/2019, Randy L Wendt Foundation generated $44.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $246.8k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Randy L Wendt Foundation has awarded 32 individual grants totaling $385,672. 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
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RANDLY L. WENDT FOUNDATION IS AN ORGANIZATION DEDICATED TO PERFORMING CHARITABLE, CIVIC, SCIENTIFIC, LITERARY, AND EDUCATIONAL ACTIVITIES WITHIN THE MEANING OF IRC SECTION 501(C)(3) AND TEXAS TAX CODE SECTION 11.18(C) AND SPECIFICALLY TO PROVIDING ASSISTANCE TO FAMILIES OF MURDER VICTIMS, INCLUDING BUT NOT LIMITED TO AWARDING SCHOLARSHIPS TO MEMBERS OF FAMILIES OF MURDER VICTIMS. THE FOUNDATION INTENDS TO PROVIDE SCHOLARSHIPS FOR TUITION, BOOKS, AND RELATED EQUIPMENT FOR THE EDUCATIONAL BENEFIT OF FAMILIES OF MURDER VICTIMS, WITH FAMILIES BEING DEFINED AS PARENTS, CHILDREN, GRANDCHILDREN, AND/OR SIBLINGS OF MURDER VICTIMS.
IN THE EVENT THAT THE TOTAL AMOUNT OF SCHOLARSHIPS IS LESS THAN THE FOURNDATION'S REQUIRED DISTRIBUTION, CONTRIBUTIONS ARE MADE TO THE TEXAS PANHANDLE 100 CLUB, A 501(C)(3) ORGANIZATION, THAT PROVIDES FINANCIAL AID FOR FAMILIES OF PUBLIC SAFETY PERSONNEL WHO ARE SERIOUSLY INJURED OR KILLED IN THE LINE OF DUTY.
THE FOUNDATION HAS ENDOWED SCHOLARSHIPS AT THE WEST TEXAS A&M UNIVERSITY FOUNDATION, A 501(C)(3) ORGANIZATION, THAT PROVIDES FINANCIAL AID FOR DESERVING STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodina Scott Secretary/treasurer | 10 | $73,539 | |
Ruth Root President And Director | 10 | $47,673 | |
Lionel Davis Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $44,572 |
| 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 | $0 |
| Total Revenue | $44,572 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $121,212 |
| Other employee salaries and wages | $6,500 |
| Pension plans, employee benefits | $5,658 |
| Interest | $0 |
| Taxes | $11,335 |
| Depreciation | $1,081 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,580 |
| Total operating and administrative expenses | $160,333 |
| Contributions, gifts, grants paid | $86,473 |
| Total expenses and disbursements | $246,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,955 |
| Savings and temporary cash investments | $1,169,017 |
| Net Accounts receivable | $435 |
| 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 | $1,435 |
| Other assets | $88 |
| Total assets | $1,297,930 |
| Accounts payable and accrued expenses | $29,483 |
| 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 | $29,483 |
Grants Awarded
Over the last fiscal year, Randy L Wendt Foundation has awarded $86,473 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Canyon, TX PURPOSE: TO PROVIDE FINANCIAL AID THROUGH ENDOWING SCHOLARSHIP MONIES TO WTAMU | $28,500 |
CHRISSIE GILLETTE PURPOSE: SCHOLARSHIP | $12,874 |
COLIN VO PURPOSE: SCHOLARSHIP | $9,078 |
KATELYN VO PURPOSE: SCHOLARSHIP | $8,566 |
ERIKA GUZMAN PURPOSE: SCHOLARSHIP | $8,180 |
RODINA SCOTT PURPOSE: SCHOLARSHIP | $7,638 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |