Fayette County Area Foundation
- Assets
- $2.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 3
- Location
- La Grange, TX
- Founding
- 03/2002
- Data as of
- 12/2023
- EIN
- 74-2997477
Organization Overview
Fayette County Area Foundation is located in La Grange, TX. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Fayette County Area Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fayette County Area 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 12/2023, Fayette County Area Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 63.6% each year . All expenses for the organization totaled $862.6k during the year ending 12/2023. While expenses have increased by 58.2% 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.
Since 2020, Fayette County Area Foundation has awarded 23 individual grants totaling $546,893. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE LOCAL COMMUNITY BY PROVIDING A MEANS TO RECEIVE AND DISTRIBUTE CHARITABLE FUNDS BASED ON THE WISHES OF THE DONOR AND ON THE CHANGING NEEDS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF DONATED ASSETS TO LOCAL CHARITIES FOR THE BENEFIT OF THE COMMUNITY AND ITS RESIDENTS AND THE DISTRIBUTION OF DONATED FUNDS DESIGNATED TO INDIVIDUAL SCHOLARSHIP RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Bookout Director | Trustee | 1 | $0 |
Reenie Collins Director | Trustee | 1 | $0 |
Cathy Horn Board Presid | OfficerTrustee | 1 | $0 |
Don Jones Director | Trustee | 1 | $0 |
Susan Kuehler Board Vice P | OfficerTrustee | 1 | $0 |
Cheryl Pekar Board Vice P | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,700 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,465,063 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,519,763 |
| Total Program Service Revenue | $34,821 |
| Investment income | $26,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,052 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,572,708 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $472,186 |
| Grants and other assistance to domestic individuals. | $70,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,633 |
| Compensation of current officers, directors, key employees. | $30,226 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,276 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,900 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,064 |
| Fees for services: Other | $87,532 |
| Advertising and promotion | $7,448 |
| Office expenses | $10,364 |
| Information technology | $17,549 |
| Royalties | $0 |
| Occupancy | $17,848 |
| 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 | $2,108 |
| All other expenses | -$7,504 |
| Total functional expenses | $862,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,608 |
| Savings and temporary cash investments | $1,086,390 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $996,116 |
| Intangible assets | $0 |
| Other assets | $779 |
| Total assets | $2,145,893 |
| 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 | $2,538 |
| Total liabilities | $2,538 |
| Net assets without donor restrictions | $632,898 |
| Net assets with donor restrictions | $1,510,457 |
| 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 | $2,145,893 |
Grants Awarded
Over the last fiscal year, Fayette County Area Foundation has awarded $472,186 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
HOSPITAL CENTER OF EXCELLENCE PURPOSE: PHYSICAL HEALTH | $77,500 |
BUILDING RESILLIENCE INCLUSION PURPOSE: MENTAL HEALTH | $7,500 |
DOLLYWOOD FOUNDATION PURPOSE: EDUCATION RESEARCH | $5,640 |
BLINN COLLEGE PURPOSE: EDUCATION & RESEARCH | $40,390 |
FAYETTE COUNTY SHERIFF'S OFFICE PURPOSE: HUMAN SERVICES | $8,835 |
FAYETTE COUNTY EMS FOUNDATION PURPOSE: HUMAN SERVICES | $40,000 |