United Way Foundation Of Abilene
- Assets
- $4.7m
- Revenue
- $402.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Abilene, TX
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-5656957
Organization Overview
United Way Foundation Of Abilene is located in Abilene, TX. The organization was established in 2014. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. United Way Foundation Of Abilene 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 12/2021, United Way Foundation Of Abilene generated $402.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.6% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION ENSURES CONTINUED FUNDING OF UNITED WAY OF ABILENE'S NETWORK OF AGENCIES AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO THE FOUNDATION'S ENDOWMENT PRESERVE UNITED WAY OF ABILENE'S ABILITY TO CONTINUE FUNDING PROGRAMS IN HEALTH, EDUCATION, AND FINANCIAL STABILITY FOR LOCAL FAMILIES AND INDIVIDUALS EVEN IN THE EVENT OF UNFORESEEN EMERGENCIES OR PERIODS OF ECONOMIC CHANGE IN OUR COMMUNITY. THESE NON-PROFIT PROGRAMS FORM THE BUILDING BLOCKS OF GOOD LIVES FOR EVERYONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Beckham Secretary | OfficerTrustee | 1 | $0 |
Hillary Moore Treasurer | OfficerTrustee | 1 | $0 |
Scott Dueser Chairman | OfficerTrustee | 1 | $0 |
Geoff Haney Vice Chairman | OfficerTrustee | 1 | $0 |
Dr Cathy Ashby President | Officer | 1 | $0 |
Dr Sara Trammell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $34,827 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,237 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,064 |
| Total Program Service Revenue | $0 |
| Investment income | $256,704 |
| 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 | $402,768 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,575 |
| 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 | $221 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $25,787 |
| All other expenses | $102 |
| Total functional expenses | $27,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $398,371 |
| 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 | $0 |
| Investments—publicly traded securities | $4,106,609 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $170,091 |
| Total assets | $4,675,071 |
| Accounts payable and accrued expenses | $1,896 |
| 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 | $1,896 |
| Net assets without donor restrictions | $1,027,468 |
| Net assets with donor restrictions | $3,645,707 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,675,071 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that United Way Foundation Of Abilene has recieved totaling $835,000.
| Awarding Organization | Amount |
|---|---|
Legett Foundation Abilene, TX PURPOSE: CHARITABLE - FLOURISHNOW ENDOWMENT | $250,000 |
Dian Graves Owen Foundation Abilene, TX PURPOSE: GENERAL SUPPORT | $200,000 |
Legett Foundation Abilene, TX PURPOSE: CHARITABLE - VFD GRANT CYCLE | $100,000 |
Karakin Foundation Abilene, TX PURPOSE: VOLUNTEER FIRE DEPARTMENT GRANT CYCLE | $100,000 |
Kickapoo Springs Foundation Abilene, TX PURPOSE: VOLUNTEER FIRE DEPARTMENT GRANT CYCLE | $100,000 |
Legett Foundation Abilene, TX PURPOSE: CHARITABLE - BOOTS ON THE GROUND WINTER STORM REPAIRS | $20,000 |
Endowment Analysis
| Beg. Balance | $4,135,284 |
| Earnings | $419,511 |
| Admin Expense | $27,684 |
| Net Contributions | $146,064 |
| Ending Balance | $4,673,175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bokf Foundation Tulsa, OK | $18,840,585 | $10,529,453 |
Barbara Bush Houston Literacy Foundation Houston, TX | $10,679,389 | $4,314,808 |
San Jacinto Community College Foundation Pasadena Texas Pasadena, TX | $44,430,086 | $3,138,772 |
Northshore Community Foundation Covington, LA | $35,281,290 | $6,747,266 |
Cardwell Foundation El Paso, TX | $19,559,398 | $1,253,367 |
Boys And Girls Club Of Benton County Bentonville, AR | $4,739,597 | $3,092,938 |
Highland Dallas Foundation Inc Dallas, TX | $58,559,322 | $4,564,179 |
Tarrant County College Foundation Fort Worth, TX | $35,706,902 | $3,034,806 |
William C Schumacher Family Foundation Lafayette, LA | $29,256,069 | $1,867,606 |
Charitable Holdings Ii Austin, TX | $3,026,494 | $996,055 |
U N M Lobo Club Albuquerque, NM | $4,128,424 | $2,973,748 |
Ntfb - Perot Family Campus Plano, TX | $22,905,162 | $1,242,000 |