Headliners Foundation Of Texas
- Assets
- $6.5m
- Revenue
- $697.1k
- Investments
- $4.0m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 10/1983
- Data as of
- 07/2024
- EIN
- 74-2281076
Organization Overview
Headliners Foundation Of Texas is located in Austin, TX. The organization was established in 1983. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, 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. Headliners Foundation Of Texas 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 07/2024, Headliners Foundation Of Texas generated $697.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $341.1k during the year ending 07/2024. While expenses have increased by 8.2% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EXCELLENCE IN JOURNALISM BY PROVIDING SCHOLARSHIPS TO STUDENT JOURNALISTS AND REWARDING OUTSTANDING PERFORMANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES AWARDS, GRANTS, AND SCHOLARSHIPS TO ENCOURAGE AND RECOGNIZE EXCELLENCE IN JOURNALISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Villarreal Chair, Strategic Development | OfficerTrustee | 1 | $0 |
Cedric Golden Governor | Trustee | 1 | $0 |
Debbie Hiott Governor | Trustee | 1 | $0 |
Diana Fuentes Governor | Trustee | 1 | $0 |
Elizabeth Christian Governor | Trustee | 1 | $0 |
Fred Zipp Vice Chair | OfficerTrustee | 1 | $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 | $266,860 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,860 |
| Total Program Service Revenue | $0 |
| Investment income | $130,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $299,873 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $697,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,590 |
| Grants and other assistance to domestic individuals. | $151,986 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,854 |
| Compensation of current officers, directors, key employees. | $6,359 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $175 |
| Fees for services: Other | $8,600 |
| Advertising and promotion | $0 |
| Office expenses | $406 |
| Information technology | $5,205 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,261 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,999 |
| All other expenses | $388 |
| Total functional expenses | $341,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,734 |
| Savings and temporary cash investments | $640,430 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,780,943 |
| Investments—other securities | $3,973,962 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $800 |
| Total assets | $6,512,869 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,834,011 |
| Net assets with donor restrictions | $1,678,858 |
| 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 | $6,512,869 |
Grants Awarded
Over the last fiscal year, Headliners Foundation Of Texas has awarded $27,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS DEMOCRACY FOUNDATION PURPOSE: TO FURTHER THE ORGANIZATION'S MISSION | $7,500 |
UNIVERSITY OF TEXAS PURPOSE: HOSTING & SPONSORSHIP OF THE SPORTS JOURNALISM CAMP AT THE UNIVERSITY OF TEXAS AT AUSTIN | $20,000 |