Austin Community Foundation
- Assets
- $433.8m
- Revenue
- $88.8m
- Investments
- $45.7m
- Employees
- 25
- 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 12/2021, Austin Community Foundation employed 25 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 4,197 individual grants totaling $212,471,858. 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
TO PROMOTE PHILANTHROPY AND IMPROVE THE QUALITY OF LIFE IN THE AUSTIN AREA THROUGH GRANTS IN THE AREAS OF ARTS/CULTURE; EDUCATION & TRAINING; COMMUNITY SERVICE & COMMUNITY DEVELOPMENT; ENVIRONMENT; HEALTH; HUMAN SERVICES; RECREATION & LEISURE; AND ANIMAL WELFARE.
Describe the Organization's Program Activity:
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.
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.
OTHER VARIOUS EFFORTS OF COMMUNITY SERVICE NOT INCLUDED IN THE THREE LARGEST PROGRAM SERVICE ACCOMPLISHMENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Nellis CEO | Officer | 40 | $250,061 |
Coralie Pledger CFO | Officer | 40 | $170,603 |
Meagan A Longley VP Community Impact | 40 | $126,462 | |
Cybil Guess VP Donor Relations | 40 | $122,114 | |
Misty Whited VP Marketing & Communications | 40 | $119,896 | |
Randa Safady Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forefront Networks Lp Entertainment Event Services | 12/30/21 | $555,652 |
C3 Presents Llc Entertainment Event Services | 12/30/21 | $248,077 |
Lmarie Agency Llc Dba Blue Norther Live Entertainment Event Services | 12/30/21 | $158,998 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $327,362 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,900,997 |
| Noncash contributions included in lines 1a–1f | $18,708,229 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,228,359 |
| Total Program Service Revenue | $0 |
| 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 organizations and domestic governments. | $43,042,145 |
| 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 of current officers, directors, key employees. | $53,657 |
| 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 | $35,265 |
| 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 |
| Net Land, buildings, and equipment | $74,513 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $433,764,301 |
Grants Awarded
Over the last fiscal year, Austin Community Foundation has awarded $39,903,001 in support to 600 organizations.
| Grant Recipient | Amount |
|---|---|
Austin, TX PURPOSE: DESIGNATED FOR THE MEMORIAL FUND | $3,059,107 |
Austin, TX PURPOSE: RETENTION OF 4512 VAUGHAN STREET, UNIT C | $2,202,071 |
Boston, MA PURPOSE: UNRESTRICTED | $1,380,965 |
Austin, TX PURPOSE: PUMPING THE LIFEBLOOD OF AUSTIN ON HAAM DAY ... | $1,364,595 |
Berkeley, CA PURPOSE: UNRESTRICTED | $1,300,000 |
Matthews, NC PURPOSE: RESTRICTED FOR THE ONE MISSOULA CHURCH ACCOUNT | $900,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Austin Community Foundation has recieved totaling $2,224,161.
| Awarding Organization | Amount |
|---|---|
Shive Foundation Austin, TX PURPOSE: GWS FUND | $878,723 |
Harry And Rubye Gaston Foundation Sunset Valley, TX PURPOSE: FUND SCHOLARSHIPS | $536,903 |
Shive Foundation Austin, TX PURPOSE: GWS FUND | $427,535 |
Harry And Rubye Gaston Foundation Sunset Valley, TX PURPOSE: FUND SCHOLARSHIPS | $370,000 |
The Nick Reinhart Foundation Cincinnati, OH PURPOSE: SCHOLARSHIP PROGRAM | $11,000 |
Endowment Analysis
| Beg. Balance | $134,458,829 |
| Earnings | $24,313,847 |
| Net Contributions | $5,917,604 |
| Grants | $3,634,632 |
| Ending Balance | $161,055,648 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX | $387,395,879 | $137,312,103 |
Austin Community Foundation Austin, TX | $433,764,301 | $88,798,773 |
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 |