El Paso Community Foundation
- Assets
- $84.4m
- Revenue
- $22.3m
- Investments
- $0.0
- Employees
- 26
- Location
- El Paso, TX
- Founding
- 11/1975
- Data as of
- 12/2022
- EIN
- 74-1839536
Organization Overview
El Paso Community Foundation is located in El Paso, TX. The organization was established in 1975. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, El Paso Community Foundation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. El Paso Community 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 12/2022, El Paso Community Foundation generated $22.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $22.5m during the year ending 12/2022. While expenses have increased by 15.6% per year over the past 5 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 2019, El Paso Community Foundation has awarded 509 individual grants totaling $44,647,039. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE EL PASO COMMUNITY FOUNDATION FOSTERS PHILANTHROPY TO ADDRESS THE UNIQUE OPPORTUNITIES AND CHALLENGES OF THE EL PASO, SOUTHERN NEW MEXICO, AND CIUDAD JUAREZ REGION AS A GRANT MAKER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SERVES THE GENERAL CHARITABLE, EDUCATIONAL, AND SCIENTIFIC NEEDS OF EL PASO AND SURROUNDING AREAS.
SCHOLARSHIP PROGRAMS
THE TEACHER PIPELINE FUND SUPPORTS THE WORK OF AN EL PASO TEACHER PREPARATION COMMUNITY OF PRACTICE CREATED TO ENSURE AN EQUITABLE EDUCATION SYSTEM THAT MEETS THE NEEDS OF ALL STUDENTS IN THE REGION. THE GOAL IS FOR 100% OF NEW TEACHERS HIRED BY DISTRICTS IN THE EL PASO REGION MUST BE TRAINED IN SUSTAINABLE, HIGH-QUALITY PROGRAMS, AND THOSE TEACHERS MUST BE EFFECTIVE AND RETAINED. THE INITIATIVE INCLUDES FOUR STRATEGIC AREAS: RECRUITMENT INTO THE PROFESSION, HIGH QUALITY TEACHER PREPARATION PROGRAMS, A YEAR-LONG PAID RESIDENCY, AND EARLY CAREER TEACHER MENTORSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard E Pearson President / CEO | Officer | 40 | $324,728 |
Stephanie L Otero Vice President | Officer | 40 | $150,043 |
Kathrin Berg Vice President | Officer | 40 | $154,343 |
Carmen M Vargas Vice President | Officer | 40 | $149,992 |
Janice W Windle Senior VP | Officer | 40 | $121,351 |
Mario A Porras Dir. Binational Af | 40 | $101,089 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Financial Svcs Investment Consultants | 12/30/23 | $221,481 |
Sanderswingo Advertising Inc Public Relations | 12/30/23 | $275,955 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $239,750 |
| Related organizations | $4,416,074 |
| Government grants | $1,097,099 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,608,352 |
| Noncash contributions included in lines 1a–1f | $130,532 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,361,275 |
| Total Program Service Revenue | $558,255 |
| Investment income | $1,541,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$13,183 |
| Net Gain/Loss on Asset Sales | $1,731,101 |
| Net Income from Fundraising Events | -$88,380 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,273,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,058,766 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,961,002 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,149,652 |
| Compensation of current officers, directors, key employees. | $248,227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $841,684 |
| Pension plan accruals and contributions | $190,111 |
| Other employee benefits | $188,198 |
| Payroll taxes | $126,332 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $109,852 |
| Fees for services: Accounting | $71,299 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $391,460 |
| Fees for services: Other | $1,306,621 |
| Advertising and promotion | $182,764 |
| Office expenses | $189,263 |
| Information technology | $205,753 |
| Royalties | $0 |
| Occupancy | $277,801 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,374 |
| Interest | $588,273 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,433 |
| Insurance | $43,132 |
| All other expenses | $12,088 |
| Total functional expenses | $22,466,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,323 |
| Savings and temporary cash investments | $9,937,771 |
| Pledges and grants receivable | $3,836,797 |
| Accounts receivable, net | $330,018 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,000,000 |
| Inventories for sale or use | $10,842 |
| Prepaid expenses and deferred charges | $48,634 |
| Net Land, buildings, and equipment | $389,900 |
| Investments—publicly traded securities | $56,816,678 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,028,643 |
| Total assets | $84,449,606 |
| Accounts payable and accrued expenses | $311,829 |
| Grants payable | $5,070,063 |
| 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 | $21,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,681,162 |
| Total liabilities | $30,063,054 |
| Net assets without donor restrictions | -$539,931 |
| Net assets with donor restrictions | $54,926,483 |
| 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 | $84,449,606 |
Grants Awarded
Over the last fiscal year, El Paso Community Foundation has awarded $5,632,818 in support to 103 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS - EL PASO PURPOSE: Emergency/Hard-ship Support | $21,219 |
ANNUNCIATION HOUSE PURPOSE: Migrants/home- less Shelter & Advoc | $55,300 |
ANIMAL RESCUE LEAGUE EL PASO PURPOSE: Animal Medical Care /Lifelong Homes | $14,885 |
ARCHDIOCESE OF GALVESTON PURPOSE: Tuition Assistance and Field trips | $197,500 |
ARCHDIOCESE OF SAN ANTONIO PURPOSE: Tuition Assist. at Risk Students | $150,000 |
ASSISTANCE LEAGUE OF EL PASO PURPOSE: Operation School Bell | $58,800 |