The Community Foundation Of The Texas Hill Country Inc
- Assets
- $42.0m
- Revenue
- $11.9m
- Investments
- $3.9m
- Employees
- 6
- Location
- Kerrville, TX
- Founding
- 04/1982
- Data as of
- 12/2021
- EIN
- 74-2225369
Organization Overview
The Community Foundation Of The Texas Hill Country Inc is located in Kerrville, TX. The organization was established in 1982. 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, Community Foundation Of The Texas Hill Country Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of The Texas Hill Country Inc 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, Community Foundation Of The Texas Hill Country Inc generated $11.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $6.6m during the year ending 12/2021. While expenses have increased by 20.0% 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, Community Foundation Of The Texas Hill Country Inc has awarded 443 individual grants totaling $19,150,607. 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
THE PHILANTHROPIC ENDOWMENT FOR THE TEXAS HILL COUNTRY REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONSISTS OF INDIVIDUAL FUNDS CONTRIBUTED BY INDIVIDUAL CITIZENS, CORPORATIONS AND PUBLIC AGENCIES TO BENEFIT THE COUNTIES OF BANDERA, BLANCO, EDWARDS, GILLESPIE, KENDALL, KERR, KIMBLE, MASON, REAL AND UVALDE. THE INDIVIDUAL FUNDS MAKE CHARITABLE CONTRIBUTIONS AS SPECIFIED IN THEIR GOVERNING INSTRUMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Austin Dickson CEO | Officer | 40 | $130,316 |
Judy Hutcherson Board Member | OfficerTrustee | 0.5 | $0 |
Charlie Givens Treasurer | OfficerTrustee | 0.5 | $0 |
Tina Woods Board Member | OfficerTrustee | 0.5 | $0 |
Mark Haufler Vice President | OfficerTrustee | 0.5 | $0 |
Liz Althaus Secretary | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,327,165 |
| Noncash contributions included in lines 1a–1f | $4,996,621 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,327,165 |
| Total Program Service Revenue | $0 |
| Investment income | $576,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,180 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,927,329 |
| Net Income from Fundraising Events | $6,661 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,850,812 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,616,421 |
| Grants and other assistance to domestic individuals. | $305,189 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,407 |
| Compensation of current officers, directors, key employees. | $50,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,053 |
| Pension plan accruals and contributions | $6,050 |
| Other employee benefits | $42,442 |
| Payroll taxes | $6,524 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,898 |
| Fees for services: Accounting | $16,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $120,403 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,113 |
| Office expenses | $13,094 |
| Information technology | $31,272 |
| Royalties | $0 |
| Occupancy | $23,067 |
| Travel | $1,258 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,742 |
| Interest | $7,012 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,671 |
| Insurance | $2,001 |
| All other expenses | $6,653 |
| Total functional expenses | $6,604,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,509,827 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,805 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $549,325 |
| Investments—publicly traded securities | $34,844,161 |
| Investments—other securities | $3,919,973 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,097,380 |
| Total assets | $41,950,471 |
| Accounts payable and accrued expenses | $10,222 |
| Grants payable | $188,900 |
| 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 | $496,512 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,031,589 |
| Total liabilities | $8,727,223 |
| Net assets without donor restrictions | $20,414,704 |
| Net assets with donor restrictions | $12,808,544 |
| 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 | $41,950,471 |
Grants Awarded
Over the last fiscal year, The Community Foundation Of The Texas Hill Country Inc has awarded $4,289,398 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
Kerrville, TX PURPOSE: GENERAL SUPPORT | $604,900 |
Fredericksburg, TX PURPOSE: GENERAL SUPPORT | $450,000 |
Lakewood, CO PURPOSE: GENERAL SUPPORT | $300,000 |
San Antonio, TX PURPOSE: GENERAL SUPPORT | $250,000 |
Coconut Creek, FL PURPOSE: GENERAL SUPPORT | $202,500 |
Kerrville, TX PURPOSE: GENERAL SUPPORT | $178,600 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Community Foundation Of The Texas Hill Country Inc has recieved totaling $29,950.
| Awarding Organization | Amount |
|---|---|
Bergelectric Charitable Foundation Carlsbad, CA PURPOSE: CHARITABLE | $17,400 |
The Powell Foundation Houston, TX PURPOSE: DESIGNATED GRANT: GENERAL OPERATING AND SUPPORT | $12,500 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $50 |
Endowment Analysis
| Beg. Balance | $5,391,552 |
| Earnings | $655,159 |
| Net Contributions | $614,996 |
| Other Expense | $506,619 |
| Ending Balance | $6,155,088 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Community Foundation Of Acadiana Lafayette, LA | $154,976,502 | $32,964,309 |
East Texas Communties Foundation Inc Tyler, TX | $137,619,988 | $26,912,059 |
Permian Basin Area Foundation Midland, TX | $279,717,835 | $33,055,231 |
Coastal Bend Community Foundation Corpus Christi, TX | $108,771,206 | $10,804,915 |
Community Foundation Of Abilene Abilene, TX | $138,667,981 | $15,269,593 |
Community Foundation Of North Louisiana Shreveport, LA | $154,534,783 | $16,289,106 |
Albuquerque Community Foundation Albuquerque, NM | $124,587,657 | $15,721,383 |
Wichita Falls Area Community Foundation Wichita Falls, TX | $80,507,148 | $8,576,098 |