Headliners Foundation Of Texas
- Assets
- $5.5m
- Revenue
- $1.4m
- Investments
- $3.3m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 10/1983
- Data as of
- 07/2022
- 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 07/2022, Headliners Foundation Of Texas generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $276.6k during the year ending 07/2022. While expenses have increased by 6.2% 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
2022
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 |
|---|---|---|---|
Alison Unger Executive Director | Officer | 20 | $59,612 |
Laura Wingo Controller | Officer | 20 | $11,332 |
Joanne Midwikis Treasurer, Governor Emeritus | OfficerTrustee | 1 | $0 |
Mark Morrison Chair, Lundquist Institute | OfficerTrustee | 1 | $0 |
Patti Ohlendorf Chair | OfficerTrustee | 1 | $0 |
Kelley Shannon Secretary | 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 | $363,770 |
| Noncash contributions included in lines 1a–1f | $89,880 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $363,770 |
| Total Program Service Revenue | $0 |
| Investment income | $106,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $953,420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,423,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,702 |
| Grants and other assistance to domestic individuals. | $112,183 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,506 |
| Compensation of current officers, directors, key employees. | $4,725 |
| 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 | $12,833 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175 |
| Fees for services: Other | $7,900 |
| Advertising and promotion | $0 |
| Office expenses | $418 |
| Information technology | $1,990 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $683 |
| Total functional expenses | $276,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,200 |
| Savings and temporary cash investments | $415,683 |
| 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 | $1,769,386 |
| Investments—other securities | $3,318,533 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $800 |
| Total assets | $5,536,602 |
| Accounts payable and accrued expenses | $500 |
| 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 | $500 |
| Net assets without donor restrictions | $4,323,403 |
| Net assets with donor restrictions | $1,212,699 |
| 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 | $5,536,602 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Headliners Foundation Of Texas has recieved totaling $27,220.
| Awarding Organization | Amount |
|---|---|
Austin Community Foundation Austin, TX PURPOSE: ANNUAL FOUNDATION DONATION BY NICK VOINIS, MEMBER #1859 | $27,220 |
Endowment Analysis
| Beg. Balance | $1,451,385 |
| Earnings | -$83,616 |
| Net Contributions | $278,592 |
| Grants | $68,400 |
| Ending Balance | $1,577,961 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Choral Directors Oklahoma City, OK | $6,300,966 | $4,541,805 |
Radio Advertising Bureau Inc Irving, TX | $1,650,812 | $4,069,423 |
Alpfa Inc Austin, TX | $2,203,417 | $4,356,739 |
Texas Society Of Architects Austin, TX | $4,439,706 | $3,150,924 |
Houston Chapter American Institute Of Architects Houston, TX | $892,719 | $1,154,952 |
Womans Club Of Fort Worth Inc Fort Worth, TX | $3,875,727 | $886,310 |
Austin Chapter American Institute Of Architects Austin, TX | $1,324,649 | $1,027,697 |
Texas Press Association Austin, TX | $5,049,090 | $467,941 |
The American Coaster Enthusiasts Inc Grand Prairie, TX | $1,478,767 | $574,861 |
Louisiana Capital Certified Development Company Inc Lafayette, LA | $812,930 | $535,000 |
American Association Of Community Theatre Fort Worth, TX | $1,370,360 | $604,610 |
Aia Louisiana Baton Rouge, LA | $919,756 | $575,971 |