San Antonio Area Foundation
- Assets
- $587.3m
- Revenue
- $192.9m
- Investments
- $213.7m
- Employees
- 50
- Location
- San Antonio, TX
- Founding
- 11/2002
- Data as of
- 12/2021
- EIN
- 74-6065414
Organization Overview
San Antonio Area Foundation is located in San Antonio, TX. The organization was established in 2002. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, San Antonio Area Foundation employed 50 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. San Antonio 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 12/2021, San Antonio Area Foundation generated $192.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $49.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, San Antonio Area Foundation has awarded 2,945 individual grants totaling $256,983,919. 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 Mission:
Part 3 - Line 1
WE ARE THE COMMUNITY FOUNDATION FOR THE GREATER SAN ANTONIO AREA. WE HOLD ENDOWMENTS AND FUNDS WHICH SUPPORT LOCAL CHARITIES AND SPONSOR STRATEGIC INITIATIVES WHICH BENEFIT OUR COMMUNITY.
Describe the Organization's Program Activity:
THE SAN ANTONIO AREA FOUNDATION IS A COMMUNITY FOUNDATION WHICH CONSISTS OF TRUSTS AND FUNDS CONTRIBUTED BY INDIVIDUALS, CORPORATIONS AND PUBLIC AGENCIES TO BENEFIT BEXAR COUNTY AND CERTAIN SOUTH TEXAS COUNTIES. THE INDIVIDUAL FUNDS AND TRUSTS MAKE CHARITABLE CONTRIBUTIONS AS SPECIFIED IN THEIR GOVERNING INSTRUMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marjorie French President/ceo | Officer | 36 | $389,526 |
Lynda Cabell Senior Vp/cfo | Officer | 36 | $227,445 |
Arenda Burns Chief Administrative Officer | Officer | 40 | $186,320 |
Lisa Brunsvold VP Of Development And Donor Services | Officer | 40 | $169,207 |
Patricia Mejia VP Community Engagement | Officer | 40 | $168,206 |
April Hansard Controller | 40 | $136,391 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crewcial Partners Llc Investment Management | 12/30/21 | $364,008 |
Rsm Us Llp Audit/tax Services | 12/30/21 | $215,378 |
Kamin Associates Inc It Services | 12/30/21 | $174,137 |
Parallel A Brand Agency Marketing Services | 12/30/21 | $113,722 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $126,791 |
| Related organizations | $1,073,993 |
| Government grants | $1,729,819 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,611,742 |
| Noncash contributions included in lines 1a–1f | $114,704,810 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,542,345 |
| Total Program Service Revenue | $1,842,181 |
| Investment income | $9,487,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $574,000 |
| Net Rental Income | $225,000 |
| Net Gain/Loss on Asset Sales | $10,232,660 |
| Net Income from Fundraising Events | -$97,483 |
| Net Income from Gaming Activities | $130,910 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $192,937,536 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,543,416 |
| Grants and other assistance to domestic individuals. | $6,529,414 |
| Grants and other assistance to Foreign Orgs/Individuals | $19,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,345,537 |
| Compensation of current officers, directors, key employees. | $859,876 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,877,460 |
| Pension plan accruals and contributions | $170,982 |
| Other employee benefits | $202,169 |
| Payroll taxes | $302,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,959 |
| Fees for services: Accounting | $212,878 |
| Fees for services: Lobbying | $3,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,507,472 |
| Fees for services: Other | $689,797 |
| Advertising and promotion | $19,738 |
| Office expenses | $167,237 |
| Information technology | $368,879 |
| Royalties | $126,780 |
| Occupancy | $590,392 |
| Travel | $29,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,563 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $215,392 |
| Insurance | $74,396 |
| All other expenses | $77,888 |
| Total functional expenses | $49,141,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,331,105 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,849,979 |
| Accounts receivable, net | $48,321 |
| 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 | $554,155 |
| Net Land, buildings, and equipment | $525,513 |
| Investments—publicly traded securities | $345,299,196 |
| Investments—other securities | $213,737,479 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $587,345,748 |
| Accounts payable and accrued expenses | $1,251,273 |
| Grants payable | $602,375 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,761,056 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $170,975 |
| Other liabilities | $147,647 |
| Total liabilities | $18,933,326 |
| Net assets without donor restrictions | $211,622,807 |
| Net assets with donor restrictions | $356,789,615 |
| 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 | $587,345,748 |
Grants Awarded
Over the last fiscal year, San Antonio Area Foundation has awarded $32,282,993 in support to 322 organizations.
| Grant Recipient | Amount |
|---|---|
San Antonio, TX PURPOSE: GENERAL SUPPORT | $3,443,242 |
San Antonio, TX PURPOSE: GENERAL SUPPORT | $2,030,000 |
San Antonio, TX PURPOSE: GENERAL SUPPORT | $2,000,000 |
San Antonio, TX PURPOSE: GENERAL SUPPORT | $1,722,800 |
San Antonio, TX PURPOSE: GENERAL SUPPORT | $1,534,398 |
SAN ANTONIO WATER SYSTEM PURPOSE: GENERAL SUPPORT | $1,101,482 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that San Antonio Area Foundation has recieved totaling $4,277,845.
| Awarding Organization | Amount |
|---|---|
Texas Educational Foundation Inc San Antonio, TX PURPOSE: Scholarship/Field of Interest | $2,500,000 |
John L Santikos Charitable Foundation San Antonio, TX PURPOSE: GENERAL SUPPORT | $1,073,993 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $356,514 |
Silver & Black Give Back San Antonio, TX PURPOSE: SPORT FOR HEALING FUND | $100,000 |
National Giving Foundation Inc San Bernardino, CA PURPOSE: UNRESTRICTED DONATION | $61,038 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $41,300 |
Endowment Analysis
| Beg. Balance | $124,130,243 |
| Earnings | $23,008,256 |
| Admin Expense | $4,770,772 |
| Net Contributions | $10,544,776 |
| Other Expense | $59,651 |
| Grants | $2,206,041 |
| Ending Balance | $150,646,811 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX | $387,395,879 | $137,312,103 |
Austin Community Foundation Austin, TX | $433,764,301 | $88,798,773 |
San Antonio Area Foundation San Antonio, TX | $587,345,748 | $192,937,536 |
The Greater New Orleans Foundation New Orleans, LA | $406,748,750 | $50,799,913 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of North Texas Fort Worth, TX | $520,525,998 | $72,575,782 |
Baton Rouge Area Foundation Baton Rouge, LA | $293,247,071 | $35,030,558 |
Astros Golf Foundation Houston, TX | $9,630,590 | $24,941,045 |
Santa Fe Community Foundation Santa Fe, NM | $107,508,749 | $26,179,829 |
Houston Jewish Community Foundation Houston, TX | $219,913,135 | $24,014,170 |
El Paso Community Foundation El Paso, TX | $84,044,216 | $21,715,289 |