Texas Bankers Foundation
- Assets
- $405.5k
- Revenue
- $303.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 07/1991
- Data as of
- 05/2022
- EIN
- 74-2602147
Organization Overview
Texas Bankers Foundation is located in Austin, TX. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Bankers 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 05/2022, Texas Bankers Foundation generated $303.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $285.7k during the year ending 05/2022. While expenses have increased by 28.0% 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.
Since 2015, Texas Bankers Foundation has awarded 877 individual grants totaling $2,767,271. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL LITERACY - TO PROMOTE AND ENCOURAGE BANKS AND BANKERS TO PROVIDE FINANCIAL EDUCATION THROUGHOUT THE STATE OF TEXAS.
SCHOLARSHIP PROGRAM - TO ENCOURAGE AND PROMOTE EXCELLENCE IN THE FIELD OF BANKING AND FINANCE, THE FOUNDATION PROVIDES SCHOLARSHIPS TO DESERVING TEXAS BANKERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chiquita D Board Director | 1 | $0 | |
Christopher J Furlow Secretary/treasurer | 1 | $0 | |
Karen Valdez Director | 1 | $0 | |
Kristina R Koncaba Chair | 1 | $0 | |
Norma J Lane Director | 1 | $0 | |
Lizzie W Williams Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $293,168 |
| Interest on Savings | $216 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,610 |
| Total Revenue | $302,994 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,075 |
| Other expenses | $45,592 |
| Total operating and administrative expenses | $57,867 |
| Contributions, gifts, grants paid | $227,801 |
| Total expenses and disbursements | $285,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,565 |
| Savings and temporary cash investments | $150,167 |
| 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 | $779 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $405,511 |
| Accounts payable and accrued expenses | $25,960 |
| 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 | $0 |
| Total liabilities | $25,960 |
Grants Awarded
Over the last fiscal year, Texas Bankers Foundation has awarded $227,801 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
College Station, TX PURPOSE: SCHOLARSHIP - MOODY MATCH | $90,000 |
SAM HOUSTON STATE UNIVERSITY PURPOSE: SCHOLARSHIP - SUSSER FAMILY MATCH | $53,708 |
Houston, TX PURPOSE: FBLP GIFT AGREEMENT | $33,333 |
SAM HOUSTON STATE UNIVERSITY PURPOSE: SCHOLARSHIP - FNB TX MATCH | $10,000 |
TEXAS TECH FOUNDATION PURPOSE: CASNR MILE PROGRAM SUPPORT | $10,000 |
SAM HOUSTON STATE UNIVERSITY PURPOSE: SCHOLARSHIP - FSB LOUISE MATCH | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Bankers Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Susser Family Foundation Dallas, TX PURPOSE: PHILANTHROPIC | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |