Valley Baptist Legacy Foundation
- Assets
- $0.0
- Revenue
- $33.3m
- Investments
- $444.4m
- Employees
- 0
- Location
- Harlingen, TX
- Founding
- 08/1976
- Data as of
- 12/2021
- EIN
- 74-1936869
Organization Overview
Valley Baptist Legacy Foundation is located in Harlingen, TX. The organization was established in 1976. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Baptist Legacy 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, Valley Baptist Legacy Foundation generated $33.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 39.2% each year . All expenses for the organization totaled $9.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Valley Baptist Legacy Foundation has awarded 270 individual grants totaling $102,102,938. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Bradford Director | 1 | $0 | |
Kimberly Anderson Finance Director | 40 | $204,016 | |
Jack Abbott Director | 1 | $0 | |
Beth Pace Director | 1 | $0 | |
Judy Quisenberry Executive Director | 40 | $235,652 | |
Bob Duncan Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bank Of America Private Bank | 12/30/22 | $958,483 |
Ubs Financial Services Inc | 12/30/22 | $288,237 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $126,437 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,847,233 |
| Profit on Inventory Sales | $0 |
| Other Income | $113,858 |
| Total Revenue | $33,279,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $389,307 |
| Pension plans, employee benefits | $101,959 |
| Depreciation | $38,539 |
| Occupancy | $40,199 |
| Travel, conferences, and meetings | $46,157 |
| Printing and publications | $2,412 |
| Total operating and administrative expenses | $3,246,757 |
| Contributions, gifts, grants paid | $5,864,843 |
| Total expenses and disbursements | $9,111,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,717 |
| Investments—mortgage loans | $0 |
| Investments—other | $60,090,452 |
| Other assets | $13,124,597 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,114,976 |
Grants Awarded
Over the last fiscal year, Valley Baptist Legacy Foundation has awarded $17,248,531 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
CHILD ABUSE EDUCATION PROGRAM OF SOUTH TEXAS PURPOSE: CHARITABLE | $30,000 |
AURORA HOUSE FOUNDATION PURPOSE: CHARITABLE | $75,000 |
IT'S TIME TEXAS PURPOSE: CHARITABLE | $454,482 |
SOUTH TEXAS EMERGENCY CARE FOUNDATION PURPOSE: CHARITABLE | $8,000 |
AUSTIN COMMUNITY FOUNDATION PURPOSE: CHARITABLE | $2,500 |
SUNSHINE HAVEN INC PURPOSE: CHARITABLE | $201,000 |