Fentress Foundation
- Assets
- $0.0
- Revenue
- $299.2k
- Investments
- $1.7m
- Employees
- 0
- Location
- Waco, TX
- Founding
- 12/1960
- Data as of
- 08/2021
- EIN
- 74-6048267
Organization Overview
Fentress Foundation is located in Waco, TX. The organization was established in 1960. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Fentress 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 08/2021, Fentress Foundation generated $299.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $297.7k during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fentress Foundation has awarded 128 individual grants totaling $2,498,700. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH CONTRIBUTION TO TALITHA KOUM INSTITUTE, PROVIDE ONGOING OPERATIONAL SUPPORT.
CASH CONTRIBUTION TO COLUMBUS AVENUE BAPTIST CHURCH, PROVIDE ONGOING OPERATIONAL SUPPORT.
CASH CONTRIBUTION TO WACO CULTURAL ARTS FEST, PROVIDE ONGOING OPERATIONAL SUPPORT.
CASH CONTRIBUTION TO DR. PEPPER MUSEUM, PROVIDE ONGOING OPERATIONAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corky Cummings Pres/sec/treas | 0 | $0 | |
Sierra Grande Investment Manager | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $45,279 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $299,157 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,996 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $71,342 |
| Contributions, gifts, grants paid | $226,400 |
| Total expenses and disbursements | $297,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $387,526 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fentress Foundation has awarded $226,400 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
TALITHA KOUM INSTITUTE PURPOSE: EDUCATIONAL PURPOSES | $100,000 |
COLUMBUS AVENUE BAPTIST CHURCH PURPOSE: OPERATIONAL SUPPORT | $30,000 |
Waco, TX PURPOSE: OPERATIONAL SUPPORT | $25,000 |
DR PEPPER MUSEUM PURPOSE: OPERATIONAL SUPPORT | $20,000 |
FUZZY FRIENDS RESCUE PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Waco, TX PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |