Austin Community Foundation
- Assets
- $433.8m
- Revenue
- $88.8m
- Investments
- $45.7m
- Employees
- 28
- Location
- Austin, TX
- Founding
- 09/1977
- Data as of
- 12/2021
- EIN
- 74-1934031
Organization Overview
Austin Community Foundation is located in Austin, TX. The organization was established in 1977. 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 12/2022, Austin Community Foundation employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin 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, Austin Community Foundation generated $88.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $50.9m during the year ending 12/2021. While expenses have increased by 7.1% 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 2014, Austin Community Foundation has awarded 4,875 individual grants totaling $257,403,401. 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
WE MOBILIZE IDEAS AND RESOURCES TO STRENGTHEN CENTRAL TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING. THE FOUNDATION MAKES GRANTS FROM THE VARIOUS ENDOWMENTS AND FUNDS THAT IT HOLDS. THE FOUNDATION HAS A COMPETITIVE GRANTS CYCLE THAT MAKES GRANTS ONLY IN THE CENTRAL TEXAS REGION TO SUPPORT PUBLIC CHARITIES AND GOVERNMENT EFFORTS IN THE FOLLOWING ISSUE AREAS: ARTS/CULTURE; EDUCATION/TRAINING; COMMUNITY DEVELOPMENT/SERVICE; ENVIRONMENT; HEALTH; HUMAN SERVICES; ANIMAL-RELATED SERVICES; AND RECREATION/LEISURE. ADDITIONALLY, THROUGH DESIGNATED, DONOR-ADVISED AND FIELD OF INTEREST FUNDS, THE FOUNDATION MAKES GRANTS TO PUBLIC CHARITIES AND GOVERNMENTAL ENTITIES LOCALLY, STATE-WIDE, NATIONALLY AND OCCASIONALLY, INTERNATIONALLY.
OTHER VARIOUS EFFORTS OF COMMUNITY SERVICE NOT INCLUDED IN THE THREE LARGEST PROGRAM SERVICE ACCOMPLISHMENTS.
SCHOLARSHIPS. THE FOUNDATION GRANTS SCHOLARSHIPS FOR STUDENTS ATTENDING INSTITUTIONS OF HIGHER EDUCATION AND VOCATION/TECHNICAL EDUCATION INSTITUTIONS. ALL SCHOLARSHIPS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION.
INITIATIVES AND OTHER COMMUNITY EFFORTS. THE FOUNDATION THROUGH A VARIETY OF EFFORTS WORKS WITH NON-PROFIT ORGANIZATIONS AND INDIVIDUALS TO RAISE AWARENESS OF COMMUNITY NEED AND THE IMPACT THAT PRIVATE PHILANTHROPY CAN MAKE. THE FOUNDATION PROVIDES VEHICLES FOR INDIVIDUALS TO GET INVOLVED WITH THE COMMUNITY THROUGH GRANT MAKING AND COMMUNITY BUILDING. THE FOUNDATION ALSO SERVES AS THE FISCAL SPONSOR FOR THE CHARITABLE PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla Pineyro Sublett Chair | OfficerTrustee | 1 | $0 |
Susan Moore Vice Chair | OfficerTrustee | 1 | $0 |
Sergio Rodriguez Secretary | OfficerTrustee | 1 | $0 |
Darrell Bazzell Treasurer | OfficerTrustee | 1 | $0 |
Bobbie Barker Director | Trustee | 1 | $0 |
Toya Bell Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Woollard Nichols And Associates Consulting Services | 12/30/22 | $172,602 |
Whim Hospitality Llc Event Services | 12/30/22 | $143,052 |
Fiducient Advisors Llc Investment Consulting Services | 12/30/22 | $113,623 |
Sunbelt Rentals Rental Services | 12/30/22 | $105,612 |
Event Power Event Services | 12/30/22 | $103,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,228,359 |
| Investment income | $6,532,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $186,239 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,901,335 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,798,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $600,174 |
| Grants and other assistance to Foreign Orgs/Individuals | $220,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $454,722 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,328,522 |
| Pension plan accruals and contributions | $63,922 |
| Other employee benefits | $166,271 |
| Payroll taxes | $129,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $616,885 |
| Fees for services: Other | $208,784 |
| Advertising and promotion | $0 |
| Office expenses | $25,861 |
| Information technology | $137,257 |
| Royalties | $0 |
| Occupancy | $173,270 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,295 |
| Interest | $9,844 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $201,876 |
| Insurance | $29,793 |
| All other expenses | $0 |
| Total functional expenses | $50,850,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,240,078 |
| 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 | $1,305,948 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $327,110,955 |
| Investments—other securities | $45,707,968 |
| Investments—program-related | $7,487,756 |
| Intangible assets | $0 |
| Other assets | $1,837,083 |
| Total assets | $433,764,301 |
| Accounts payable and accrued expenses | $1,754,369 |
| Grants payable | $1,191,330 |
| 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 | $4,717,100 |
| Unsecured mortgages and notes payable | $108,369 |
| Other liabilities | $51,641,028 |
| Total liabilities | $59,412,196 |
| Net assets without donor restrictions | $336,458,683 |
| Net assets with donor restrictions | $37,893,422 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $374,352,105 |
Grants Awarded
Over the last fiscal year, Austin Community Foundation has awarded $44,931,543 in support to 678 organizations.
| Grant Recipient | Amount |
|---|---|
ARTHRITIS FOUNDATION - AUSTIN PURPOSE: CHARITABLE DONATION TO SUPPORT THE UT HEALTH AUSTIN MUSCULOSKELETAL INSTITUTE TEAM | $5,050 |
2030 COLLABORATIVE (ACF SPECIAL PROJECT FUND) PURPOSE: FUND DISTRIBUTION | $57,000 |
412 KIDS PURPOSE: UNRESTRICTED | $14,000 |
4ATX FOUNDATION PURPOSE: FUND DISTRIBUTION | $17,145 |
4WORD PURPOSE: GENERAL SUPPORT | $8,000 |
AARO PURPOSE: FOR CONSULTING WORK ON THE ADDRESSING CANCER TOGETHER INITIATIVE THROUGH THE AARO HEALTH COMMITTEE. | $74,852 |