West Tx Foundation Inc
- Assets
- $193.7k
- Revenue
- $16.0
- Investments
- $0.0
- Employees
- 0
- Location
- West, TX
- Founding
- 07/2013
- Data as of
- 12/2018
- EIN
- 46-2833227
Organization Overview
West Tx Foundation Inc is located in West, TX. The organization was established in 2013. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West TX 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 12/2018, West TX Foundation Inc generated $16.0 in total revenue. All expenses for the organization totaled $86.5k during the year ending 12/2018.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTINUE TO FACILITATE THE LONG TERM COMMUNITY RECOVERY EFFORT FROM THE DEVASTATING EXPLOSION THAT OCCURRED IN WEST, TEXAS ON APRIL 17,2013 AND TO CONTINUE TO SERVE THE COMMUNITY OF WEST FOR THE BENEFIT OF FUTURE GENERATIONS BY REBUILDING, REPAIRING AND STRENGTHENING NEIGHBORHOODS, REPAIRING AND CULTIVATING THE HISTORIC DOWNTOWN, AND PRESERVING THE COMMUNITY AND CULTURE THAT IS UNIQUELY WEST. THIS NON-PROFIT COLLABORATES WITH CHARITABLE, FAITH-BASED AND CIVIC ORGANIZATIONS AS WELL AS LOCAL AND STATE GOVERNMENTS TO PROVIDE EDUCATION ABOUT AVAILABLE RESOURCES, SHARE INFORMATION TO SIMPLIFY THE ACCESS TO THOSE RESOURCES, ADDRESS THE LONG-TERM NEEDS OF INDIVIDUALS, BUSINESSES, THE COMMUNITY, THE CITY OF WEST, AND ORGANIZATIONS AFFECTED BY THE DISASTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISASTER RECOVERY BENEFITING INDIVIDUALS AFFECTED BY THE EXPLOSION FOR THE PURPOSES OF CONSTRUCTION EXPENSES, FINANCIAL ASSISTANCE AND MEDICAL EXPENSES. RECONSTRUCTION OF A CITY PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronnie Sykora President | OfficerTrustee | 10 | $0 |
Dianne Friend Secretary | OfficerTrustee | 10 | $0 |
Darrin Banik Treasurer | OfficerTrustee | 5 | $0 |
Joey Kolar Director | Trustee | 5 | $0 |
Laura Lankford Director | Trustee | 5 | $0 |
Al Vanek Director | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $81,848 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $522 |
| Insurance | $1,994 |
| All other expenses | $1,463 |
| Total functional expenses | $86,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,458 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $289 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $193,747 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $104,488 |
| Temporarily restricted net Assets | $89,259 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $193,747 |
Grants Awarded
Over the last fiscal year, West Tx Foundation Inc has awarded $137,295 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF WEST PURPOSE: THE FOUNDATION RECEIVED A CONTRIBUTION OF A STREET SWEEPER WHICH IT THEN CONTRIBUTED TO THE CITY OF WEST. | $90,000 |
CITY OF WEST PURPOSE: CONSTRUCTION AND REPAIRS TO PARK AREAS | $47,295 |