Russell H Rogers Fund For The Arts Bank Of America N A 05-500-3132032
- Assets
- $24.6m
- Revenue
- $3.8m
- Investments
- $24.1m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 06/1986
- Data as of
- 12/2021
- EIN
- 74-2403914
Organization Overview
Russell H Rogers Fund For The Arts Bank Of America N A 05-500-3132032 is located in San Antonio, TX. The organization was established in 1986. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Russell H Rogers Fund For The Arts Bank Of America N A 05-500-3132032 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, Russell H Rogers Fund For The Arts Bank Of America N A 05-500-3132032 generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Russell H Rogers Fund For The Arts Bank Of America N A 05-500-3132032 has awarded 140 individual grants totaling $4,715,464. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Peace Executive Director | 10 | $37,500 | |
Sarah E Harte Managing Trustee | 0.5 | $0 | |
Jean Rogers Winchell Managing Trustee | 1 | $0 | |
Amy Stieren Smiley Managing Trustee | 0.5 | $0 | |
Allan G Paterson Jr Trustee Emeritus | 0.5 | $0 | |
Robert R Lende Trustee Emeritus | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27 |
| Dividends & Interest | $480,034 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,862,672 |
| Capital Gain Net Income | $1,862,672 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,455,217 |
| Total Revenue | $3,797,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $209,046 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,190 |
| Printing and publications | $0 |
| Other expenses | $96,539 |
| Total operating and administrative expenses | $475,264 |
| Contributions, gifts, grants paid | $599,760 |
| Total expenses and disbursements | $1,075,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $442,295 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $224,001 |
| Investments—other | $20,578,852 |
| Net Land, buildings, and equipment | $29,468 |
| Other assets | $0 |
| Total assets | $24,621,680 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $350,626 |
| Total liabilities | $350,626 |
Grants Awarded
Over the last fiscal year, Russell H Rogers Fund For The Arts Bank Of America N A 05-500-3132032 has awarded $599,760 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
SAN ANTONIO OPERA PURPOSE: PROMOTION OF THE ARTS | $75,000 |
MAGIK THEATRE PURPOSE: EMERGENCY GRANT TO HELP SUPPLEMENT OPERATING BUDGET DUE TO PANDEMIC | $75,000 |
San Antonio, TX PURPOSE: SPONSORSHIP OF THE RUSSELL HILL ROGERS MUSICAL EVENINGS AT SAN FERNANDO CATHEDRAL | $50,000 |
SAN ANTONIO BOOK FESTIVAL PURPOSE: PROMOTION OF THE ARTS | $50,000 |
San Antonio, TX PURPOSE: FUNDING FOR THE SAN ANTONIO SYMPHONY, CACTUS PEAR MUSIC FESTIVAL, STRING RESIDENCY FUND, GENERAL FUND | $44,500 |
San Antonio, TX PURPOSE: FUNDING FOR THE 2020-21 SEASON CONSISTING OF 8 ONE-PERSON PRODUCTIONS IN THE RUSSELL HILL ROGERS AUDITORIUM | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Invitational Smoke Houston, TX | $5,761,542 | $2,810,220 |
Allied Arts Of Oklahoma Inc Oklahoma City, OK | $9,236,321 | $5,698,295 |
Cullen Trust For The Performing Arts Houston, TX | $84,734,407 | $8,559,059 |
Civic Center Foundation Oklahoma City, OK | $10,342,313 | $5,787,753 |
Tobin Endowment Tr San Antonio, TX | $66,872,342 | $3,974,678 |
Freedom Shield Foundation Lewisville, TX | $366,050 | $2,668,324 |
R W Norton Art Foundation Shreveport, LA | $90,584,723 | $3,020,184 |
Knowledge Arts Foundation Houston, TX | $5,977,787 | $3,546,412 |
J M Parker Foundation Abilene, TX | $41,978,298 | $664,865 |
Russell H Rogers Fund For The Arts Bank Of America N A 05-500-3132032 San Antonio, TX | $24,621,680 | $3,797,950 |
Inprint Inc Houston, TX | $7,553,324 | $1,398,082 |
Art And Eva Camunez Tucker Foundation San Angelo, TX | $10,543,164 | $1,213,438 |