North American Communities Foundation Inc
- Assets
- $2.9m
- Revenue
- $54.3k
- Investments
- $2.7m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/1980
- Data as of
- 12/2021
- EIN
- 59-1987265
Organization Overview
North American Communities Foundation Inc is located in Houston, TX. The organization was established in 1980. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. North American Communities 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 12/2021, North American Communities Foundation Inc generated $54.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $89.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, North American Communities Foundation Inc has awarded 50 individual grants totaling $236,015. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip O Allen Secretary/trustee | 0.5 | $0 | |
Herbert F Hunter Pc Treasurer/trustee | 0.5 | $0 | |
Robert W Scharar President/trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $39,850 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,634 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,363 |
| Capital Gain Net Income | $6,363 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,487 |
| Total Revenue | $54,334 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,295 |
| Contributions, gifts, grants paid | $86,850 |
| Total expenses and disbursements | $89,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,866 |
| Savings and temporary cash investments | $0 |
| 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 | $124,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $414,500 |
| Investments—other | $116,242 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $61,912 |
| Total assets | $2,903,896 |
| 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 | $88,000 |
| Total liabilities | $88,000 |
Grants Awarded
Over the last fiscal year, North American Communities Foundation Inc has awarded $86,850 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, FL PURPOSE: CHARITABLE | $20,000 |
AAA-CPA FOUNDATION PURPOSE: CHARITABLE | $15,000 |
TUNNEL TO TOWER FOUNDATION PURPOSE: CHARITABLE | $10,000 |
AFRICAN MISSION HEALTHCARE PURPOSE: CHARITABLE | $10,000 |
Truro, MA PURPOSE: CHARITABLE | $10,000 |
AGE ADVANCING GIRLS EDUCATION PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Houston Golf Charity The Woodlands, TX | $3,025,396 | $6,171,949 |
Amoud Foundation Irving, TX | $3,623,753 | $6,777,014 |
Rice Re Holdings Iii Houston, TX | $189,919,833 | -$4,482,268 |
Hab Charitable Corporation Fort Worth, TX | $0 | $8,699,388 |
Ssb Charitable Corporation Fort Worth, TX | $58,885,873 | $7,421,686 |
David & Lezlie Hudiburg Family Fdn Foundation Oklahoma City, OK | $0 | $1,762 |
Chive Charities Austin, TX | $275,460 | $2,652,488 |
Teneo Network Inc Austin, TX | $2,908,016 | $4,934,396 |
Marlene Nathan Meyerson Family Foundation Dallas, TX | $607,475 | $1,580,847 |
Webber Family Foundation Austin, TX | $16,109,859 | $1,226,381 |
Bookworm Box Llc Sulphur Springs, TX | $458,059 | $1,085,184 |
George H Dunklin Jr Charitable Foundation Stuttgart, AR | $15,909,080 | $2,491,199 |