Texas Rangers Association Foundation
- Assets
- $5.4m
- Revenue
- $2.9m
- Investments
- $1.9m
- Employees
- 1
- Location
- Waco, TX
- Founding
- 07/1982
- Data as of
- 12/2021
- EIN
- 74-2226156
Organization Overview
Texas Rangers Association Foundation is located in Waco, TX. The organization was established in 1982. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Rangers Association 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, Texas Rangers Association Foundation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 6.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ACTIVE AND RETIRED TEXAS RANGERS AND IMMEDIATE FAMILY MEMBERS THROUGH SCHOLARSHIPS, FINANCIAL ASSISTANCE, AND OPERATIONAL SUPPORT IN SERVICE TO THE CITIZENS OF TEXAS; PRESERVE AND PERPETUATE THE HISTORY AND HERITAGE OF THE TEXAS RANGERS, A DIVISION OF THE TEXAS DEPARTMENT OF PUBLIC SAFETY, THROUGH PUBLIC EDUCATION AND BY SUPPORTING THE TEXAS RANGER HALL OF FAME AND MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS - THESE SCHOLARSHIPS ARE PROVIDED TO FINANCIALLY AID CHILDREN OF CURRENT AND FORMER TEXAS RANGERS WHO PLAN TO ATTEND, OR ARE ATTENDING, ACCREDITED COLLEGES. THESE CHILDREN MUST ALSO MEET OTHER REQUIREMENTS AS SPECIFIED BY THE BOARD OF DIRECTORS.
RANGER REUNION - AN EVENT HELD ANNUALLY TO PRESERVE, PROTECT AND MAINTAIN THE HISTORY AND HERITAGE OF THE TEXAS RANGERS. THE REUNION INTERVIEWS RETIRED RANGERS TO MAINTAIN HISTORICAL DATA AND ALSO MAINTAINS CONNECTIONS BETWEEN CURRENT AND FORMER TEXAS RANGERS.
EMERGENCY ASSISTANCE - THIS PROGRAM AIDS ACTIVE AND FORMER TEXAS RANGERS AND THEIR FAMILIES, IN EMERGENCIES OR CRISES, AS APPROVED BY THE BOARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Hernandez Secretary | OfficerTrustee | 3 | $0 |
Carl Lambert Treasurer | OfficerTrustee | 5 | $0 |
Russell Molina Vice Chairman | OfficerTrustee | 10 | $0 |
Thomas Schleier Chairman | OfficerTrustee | 10 | $0 |
Constance White Past Chairman | OfficerTrustee | 2 | $0 |
John Wade Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,740 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,759 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,388,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,440,614 |
| Total Program Service Revenue | $0 |
| Investment income | $330,961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,154,295 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,925,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $209,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,852 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $600 |
| Payroll taxes | $3,491 |
| 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 | $0 |
| Fees for services: Other | $36,551 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $7,295 |
| Royalties | $0 |
| Occupancy | $3,487 |
| Travel | $11,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,103 |
| Insurance | $0 |
| All other expenses | $75,795 |
| Total functional expenses | $1,131,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,381,642 |
| Savings and temporary cash investments | $100,060 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,678 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,346 |
| Prepaid expenses and deferred charges | $2,293 |
| Net Land, buildings, and equipment | $23,045 |
| Investments—publicly traded securities | $1,987,664 |
| Investments—other securities | $1,860,902 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,367,630 |
| Accounts payable and accrued expenses | $1,048 |
| Grants payable | $0 |
| Deferred revenue | $38,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $851 |
| Total liabilities | $39,899 |
| Net assets without donor restrictions | $2,262,862 |
| Net assets with donor restrictions | $3,064,869 |
| 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 | $5,367,630 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Texas Rangers Association Foundation has recieved totaling $29,500.
| Awarding Organization | Amount |
|---|---|
The Don-Kay-Clay Cash Foundation Lubbock, TX PURPOSE: CHARITABLE DONATION | $20,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $4,500 |
Endowment Analysis
| Beg. Balance | $1,633,698 |
| Net Contributions | $169,781 |
| Ending Balance | $1,803,479 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Witte Museum San Antonio, TX | $80,577,156 | $11,273,075 |
American Airpower Heritage Museum Inc Dallas, TX | $14,350,324 | $12,462,262 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Fort Worth Museum Of Science And History Fort Worth, TX | $55,575,767 | $8,824,812 |
Holocaust Museum Houston Houston, TX | $41,860,555 | $7,348,837 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Lady Lex Museum On The Bay Association Corpus Christi, TX | $13,577,755 | $8,975,317 |
Medal Of Honor Museum Foundation Arlington, TX | $99,959,490 | $88,628,383 |
Indian Pueblo Cultural Center Inc Albuquerque, NM | $8,961,229 | $4,518,580 |
Battleship Texas Foundation Inc Houston, TX | $9,923,977 | $4,711,164 |
Childrens Museum Of Northwestarkansas Bentonville, AR | $23,218,828 | $2,416,188 |