Quality Of Life Foundation Of Austin Inc

Organization Overview

Quality Of Life Foundation Of Austin Inc is located in Austin, TX. The organization was established in 1986. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quality Of Life Foundation Of Austin 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, Quality Of Life Foundation Of Austin Inc generated $328.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $760.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S PURPOSES INCLUDE, BUT ARE NOT LIMITED TO, THE SUPPORT OF CULTURAL, HISTORICAL, RESEARCH, CONSERVATION, ENVIRONMENTAL, BEAUTIFICATION, AND GENERAL COMMUNITY DEVELOPMENT ACTIVITIES BENEFITING THE CITY OF AUSTIN, THE STATE OF TEXAS, OR THE UNITED STATES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION SUPPORTED REGIONAL STRATEGIES TO IMPROVE EDUCATIONAL ATTAINMENT, REDUCE POVERTY, INCREASE EMPLOYMENT, AND ENHANCE ECONOMIC OPPORTUNITY FOR FAMILIES IN CENTRAL TEXAS.


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Board, Officers & Key Employees

Name (title)Compensation
Nikki Graham
Vp/secretary
$0
Fred Heldenfels
Treasurer
$0
Laura Huffman
President
$0
Lorinda Holloway
Director
$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$328,399
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$328,399
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $328,399

Grants Awarded

Over the last fiscal year, Quality Of Life Foundation Of Austin Inc has awarded $705,825 in support to 2 organizations.

Grant RecipientAmount

GREATER AUSTIN ECON DEV CORP

Org PageRecipient Profile

Austin, TX

PURPOSE: Education Initiatives

$526,257

Austin, TX

PURPOSE: Homelessness Initiatives

$179,568
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Quality Of Life Foundation Of Austin Inc has recieved totaling $235,000.

Awarding OrganizationAmount
Texas Mutual Insurance Company

Austin, TX

PURPOSE: Workforce Development & Safety Training

$100,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$65,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$50,000
Austin Community Foundation

Austin, TX

PURPOSE: OPPORTUNITY AUSTIN; ANNUAL ECONOMIC DEVELOPMENT DUES

$10,000
Mfi Foundation

Austin, TX

PURPOSE: TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE

$5,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$5,000
View Grant Recipient Profile

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