San Angelo Area Foundation
- Assets
- $221.8m
- Revenue
- $42.1m
- Investments
- $12.7m
- Employees
- 11
- Location
- San Angelo, TX
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 73-1634145
Organization Overview
San Angelo Area Foundation is located in San Angelo, TX. The organization was established in 2002. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, San Angelo Area Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Angelo Area 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 12/2021, San Angelo Area Foundation generated $42.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $17.5m during the year ending 12/2021. While expenses have increased by 13.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, San Angelo Area Foundation has awarded 997 individual grants totaling $54,035,450. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MANAGING ENDOWED GIFTS IN ORDER TO MATCH DONOR INTERESTS WITH COMMUNITY NEEDS OF THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO VARIOUS QUALIFIED 501 (C)(3) ORGANIZATIONS, OR OTHER QUALIFIED ENTITIES LIKE GOVERNMENTAL ORGANIZATIONS, COLLEGES, UNIVERSITIES AND RELIGIOUS ENTITIES, FOR QUALIFIED CHARITABLE PURPOSES. GRANTS ARE MADE FROM COMPONENT FUNDS WHICH ARE DESIGNATED PURPOSE FUNDS, DONOR-ADVISED FUNDS, FIELD OF INTEREST FUNDS AND UNRESTRICTED FUNDS, AND ARE BASED ON AN UNDERLYING GIFT AGREEMENT, WHICH REQUIRE THE BOARD OF DIRECTORS APPROVAL OF SAID GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Lewis President & CEO | Officer | 40 | $206,000 |
Carmen Dusek Past Chairman | OfficerTrustee | 2 | $0 |
Fred Hernandez Chairman | OfficerTrustee | 2 | $0 |
Jay Boyd Secretary/treasurer | OfficerTrustee | 2 | $0 |
Patrick Shannon Executive Committee | OfficerTrustee | 2 | $0 |
Camille Yale Vice Chairman | OfficerTrustee | 2 | $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 | $23,591,568 |
| Noncash contributions included in lines 1a–1f | $8,585,273 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,591,568 |
| Total Program Service Revenue | $0 |
| Investment income | $8,388,346 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $119,340 |
| Net Gain/Loss on Asset Sales | $9,918,665 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,062,458 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,514,635 |
| Grants and other assistance to domestic individuals. | $3,251,154 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $206,000 |
| Compensation of current officers, directors, key employees. | $123,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $457,548 |
| Pension plan accruals and contributions | $79,751 |
| Other employee benefits | $77,577 |
| Payroll taxes | $46,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,795 |
| Fees for services: Accounting | $33,149 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $328,571 |
| Fees for services: Other | $0 |
| Advertising and promotion | $52,035 |
| Office expenses | $15,060 |
| Information technology | $91,917 |
| Royalties | $0 |
| Occupancy | $59,118 |
| Travel | $14,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,788 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,073 |
| Insurance | $8,255 |
| All other expenses | $0 |
| Total functional expenses | $17,457,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,200,054 |
| Savings and temporary cash investments | $6,430,546 |
| 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 | $3,835,744 |
| Investments—publicly traded securities | $195,615,060 |
| Investments—other securities | $12,664,462 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,781 |
| Total assets | $221,834,647 |
| Accounts payable and accrued expenses | $2,119 |
| Grants payable | $3,861,355 |
| 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 | $57,928,942 |
| Total liabilities | $61,792,416 |
| Net assets without donor restrictions | $3,255,390 |
| Net assets with donor restrictions | $156,786,841 |
| 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 | $221,834,647 |
Grants Awarded
Over the last fiscal year, San Angelo Area Foundation has awarded $11,674,357 in support to 124 organizations.
| Grant Recipient | Amount |
|---|---|
San Angelo, TX PURPOSE: ARTS & CULTURE | $3,891,246 |
San Angelo, TX PURPOSE: HUMAN SERVICES | $954,677 |
San Angelo, TX PURPOSE: HEALTH | $787,962 |
San Angelo, TX PURPOSE: MENTAL HEALTH | $600,149 |
Scottsdale, AZ PURPOSE: RELIGION | $335,000 |
San Angelo, TX PURPOSE: HOUSING/SHELTER | $318,637 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that San Angelo Area Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
The Boba And Doris Johnston Foundation Pueblo, CO PURPOSE: CAPITAL IMPROVEMENTS | $50,000 |
Endowment Analysis
| Beg. Balance | $181,843,489 |
| Earnings | $22,907,787 |
| Admin Expense | $1,247,668 |
| Net Contributions | $23,591,568 |
| Other Expense | -$3,458,000 |
| Grants | $15,765,789 |
| Ending Balance | $214,787,387 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saudi Aramco Ret Welfare Ben Tr Houston, TX | $29,146 | $26,385,582 |
San Angelo Area Foundation San Angelo, TX | $221,834,647 | $42,062,458 |
Mercy Ships Foundation Lindale, TX | $100,019,661 | $12,520,932 |
Texas Womens Foundation Dallas, TX | $33,197,240 | $8,443,158 |
Gayle And Tom Benson Charitablefoundation Metairie, LA | $44,526 | $10,673,881 |
The Oscar J Tolmas Charitable Trust Metairie, LA | $58,086,420 | $4,279,649 |
The University Of Texas At Tyler Education Inc Tyler, TX | $0 | $51,128 |
University Of Arkansas Technology Development Foundation Fayetteville, AR | $18,380,736 | $2,093,754 |
Butcher Fund Houston, TX | $0 | $254,062 |
Lensic Performing Arts Center Corporation Santa Fe, NM | $15,012,313 | $4,156,320 |
John R & Greli N Less Charitable Trust San Antonio, TX | $117,218,576 | $120,089,499 |
St Davids Community Health Foundation Initiatives Austin, TX | $27,867,184 | $2,942,176 |