El Paso Community Foundation
- Assets
- $84.0m
- Revenue
- $21.7m
- Investments
- $300.0k
- Employees
- 20
- Location
- El Paso, TX
- Founding
- 11/1975
- Data as of
- 12/2021
- 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 12/2021, El Paso Community Foundation employed 20 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 12/2021, El Paso Community Foundation generated $21.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $18.6m during the year ending 12/2021. While expenses have increased by 13.4% 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 2019, El Paso Community Foundation has awarded 292 individual grants totaling $26,142,267. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
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:
THE FOUNDATION SERVES THE GENERAL CHARITABLE, EDUCATIONAL, AND SCIENTIFIC NEEDS OF EL PASO AND SURROUNDING AREAS.
CORONAVIRUS RELIEF PROGRAMS - THE FOUNDATION LAUNCHED A COVID-19 VACCINE EDUCATION CAMPAIGN TO HELP MITIGATE THE SPREAD OF COVID-19 AND RAISE AWARNESS FOR VACCINE ACCESS IN OUR REGION. CONTINUED PROVIDING MEALS TO CLINICIANS AND OTHER HEALTHCARE WORKERS AND PROVIDING ASSISTANCE TO DISPLACED FOOD INDUSTRY WORKERS. THE FOUNDATION RESPONDED TO THE NEGATIVE ECONOMIC IMPACT THAT COVID-19 CAUSED BY PROVIDING FORGIVABLE AND ZERO-INTEREST RATE LOANS TO ELIGIBLE FASTER PROGRAM APPLICANTS.
SCHOLARSHIP PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard E Pearson President / CEO | Officer | 40 | $296,008 |
Janice W Windle Senior VP | Officer | 40 | $235,718 |
Stephanie L Otero Vice President | Officer | 40 | $130,056 |
Kathrin Berg Vice President | Officer | 40 | $125,405 |
Carmen M Vargas CFO | Officer | 40 | $122,856 |
Gary L Williams S. Program Officer | 40 | $103,151 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Financial Svcs Investment Consultants | 12/30/21 | $268,164 |
Weststar Bank Wealth Management Investment Consultants | 12/30/21 | $131,459 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,500 |
| Related organizations | $1,851,616 |
| Government grants | $1,095,285 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,554,482 |
| Noncash contributions included in lines 1a–1f | $122,305 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,544,883 |
| Total Program Service Revenue | $318,433 |
| Investment income | $1,579,603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14 |
| Net Rental Income | -$4,566 |
| Net Gain/Loss on Asset Sales | $6,163,351 |
| Net Income from Fundraising Events | -$22,651 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,715,289 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,339,530 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $563,686 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,210,179 |
| Compensation of current officers, directors, key employees. | $244,613 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $850,126 |
| Pension plan accruals and contributions | $173,699 |
| Other employee benefits | $167,569 |
| Payroll taxes | $119,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,233 |
| Fees for services: Accounting | $63,247 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $473,217 |
| Fees for services: Other | $1,602,122 |
| Advertising and promotion | $293,733 |
| Office expenses | $132,962 |
| Information technology | $168,372 |
| Royalties | $0 |
| Occupancy | $278,807 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $163,976 |
| Interest | $463,128 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,234 |
| Insurance | $41,052 |
| All other expenses | $0 |
| Total functional expenses | $18,563,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,208 |
| Savings and temporary cash investments | $3,269,151 |
| Pledges and grants receivable | $922,335 |
| Accounts receivable, net | $115,279 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,420 |
| Prepaid expenses and deferred charges | $107,565 |
| Net Land, buildings, and equipment | $486,262 |
| Investments—publicly traded securities | $75,976,133 |
| Investments—other securities | $299,998 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,800,865 |
| Total assets | $84,044,216 |
| Accounts payable and accrued expenses | $194,063 |
| Grants payable | $1,563,341 |
| 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 | $11,008,316 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,805,857 |
| Total liabilities | $16,571,577 |
| Net assets without donor restrictions | $6,876,262 |
| Net assets with donor restrictions | $60,596,377 |
| 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 | $84,044,216 |
Grants Awarded
Over the last fiscal year, El Paso Community Foundation has awarded $10,150,263 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
El Paso, TX PURPOSE: CDFI/Grant for FASTER Program | $3,665,000 |
UNIVERSITY OF TEXAS AT EP PURPOSE: Scholarships & Academic Excellence | $1,008,718 |
El Paso, TX PURPOSE: Education special needs children | $705,817 |
El Paso, TX PURPOSE: Exhibits and Children Programming | $401,116 |
FNDN FOR DIOCESE OF EL PASO PURPOSE: Tuition and professional developm. | $307,472 |
El Paso, TX PURPOSE: Mental Health intervention | $292,366 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that El Paso Community Foundation has recieved totaling $4,556,425.
| Awarding Organization | Amount |
|---|---|
Texas Educational Foundation Inc San Antonio, TX PURPOSE: Scholarship/Field of Interest | $2,500,000 |
Prentice Farrar Brown And Alline Ford Foundation Dallas, TX PURPOSE: REGIONAL COMMUNITY OF | $1,000,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $150,000 |
Prudential Foundation Inc Newark, NJ PURPOSE: EL PASO COVID-19 VACCINE AND EDUCATION CAMPAIGN | $140,000 |
Adam R Bronfman Family Foundation Inc New York, NY PURPOSE: GENERAL CHARITABLE SUPPORT - NO DESIGNATION | $125,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $105,723 |
Endowment Analysis
| Beg. Balance | $7,034,774 |
| Earnings | $683,021 |
| Admin Expense | $107,405 |
| Net Contributions | $6,457 |
| Other Expense | $988 |
| Grants | $335,551 |
| Ending Balance | $7,280,308 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Antonio Area Foundation San Antonio, TX | $587,345,748 | $192,937,536 |
The Greater New Orleans Foundation New Orleans, LA | $406,748,750 | $50,799,913 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of North Texas Fort Worth, TX | $520,525,998 | $72,575,782 |
Baton Rouge Area Foundation Baton Rouge, LA | $293,247,071 | $35,030,558 |
Astros Golf Foundation Houston, TX | $9,630,590 | $24,941,045 |
Santa Fe Community Foundation Santa Fe, NM | $107,508,749 | $26,179,829 |
Houston Jewish Community Foundation Houston, TX | $219,913,135 | $24,014,170 |
El Paso Community Foundation El Paso, TX | $84,044,216 | $21,715,289 |
Dallas Jewish Community Foundation Dallas, TX | $257,889,567 | $62,022,140 |
Excellerate Foundation Rogers, AR | $1,422,117 | $18,582,776 |