Texas Bar Foundation
- Assets
- $36.4m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 05/1966
- Data as of
- 05/2022
- EIN
- 74-6074796
Organization Overview
Texas Bar Foundation is located in Austin, TX. The organization was established in 1966. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Bar 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 Bar Foundation generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $2.5m during the year ending 05/2022. While expenses have increased by 3.3% 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 2021, Texas Bar Foundation has awarded 195 individual grants totaling $3,264,179. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SOLICITS CHARITABLE CONTRIBUTIONS AND PROVIDES FUNDING TO ENHANCE THE RULE OF LAW AND THE SYSTEM OF JUSTICE IN TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MADE GRANTS TO ENHANCE THE RULE OF LAW AND THE SYSTEM OF JUSTICE IN TEXAS, ESPECIALLY PROGRAMS FOR ADMINISTRATION OF JUSTICE; ETHICS IN THE LEGAL PROFESSION; LEGAL ASSISTANCE FOR THE NEEDY; LEGAL RESEARCH, PUBLICATIONS & FORUMS; AND EDUCATION OF THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Stone Exec Director | Officer | 40 | $197,246 |
Baillie Hearne Milliken Dev Director | 40 | $85,218 | |
Wendy Burgower Chair | OfficerTrustee | 4 | $0 |
W Stephen Benesh Sec/treasurer | OfficerTrustee | 4 | $0 |
Shannon Dacus Past Chair | OfficerTrustee | 4 | $0 |
Alistair Dawson Chair Elect | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Luther King Capital Mgmt Investment Management | 5/30/22 | $181,929 |
State Bar Of Texas Tbf Staff & Support | 5/30/22 | $549,657 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $230,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,646,149 |
| Noncash contributions included in lines 1a–1f | $15,770 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,876,149 |
| Total Program Service Revenue | $0 |
| Investment income | $498,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,753,225 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,314,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,190,550 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $213,380 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $115,432 |
| Travel | $11,488 |
| 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 | $0 |
| All other expenses | $125,381 |
| Total functional expenses | $2,457,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $580,860 |
| Savings and temporary cash investments | $4,626,363 |
| 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 | $41,499 |
| Net Land, buildings, and equipment | $2,312 |
| Investments—publicly traded securities | $31,065,994 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,704 |
| Total assets | $36,380,732 |
| Accounts payable and accrued expenses | $7,374 |
| Grants payable | $0 |
| Deferred revenue | $217,923 |
| 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 | $90,374 |
| Total liabilities | $315,671 |
| Net assets without donor restrictions | $12,260,995 |
| Net assets with donor restrictions | $23,804,066 |
| 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 | $36,380,732 |
Grants Awarded
Over the last fiscal year, Texas Bar Foundation has awarded $1,140,447 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
Mason, TX PURPOSE: Rebuild courthouse | $50,000 |
TEXAS YOUNG LAWYERS ASSC PURPOSE: Multimedia website for education | $45,000 |
Richmond, TX PURPOSE: Hire and equip health workers | $40,000 |
Denton, TX PURPOSE: Supervised visit and exchange prog | $37,500 |
CACTUS NAZARENE MINISTRY CTR PURPOSE: New legal program | $30,000 |
Austin, TX PURPOSE: Annual conference | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Texas Bar Foundation has recieved totaling $4,111.
| Awarding Organization | Amount |
|---|---|
Semmes Foundation Inc San Antonio, TX PURPOSE: EDUCATIONAL SUPPORT | $2,000 |
Centerpoint Energy Foundation Inc Houston, TX PURPOSE: MATCHING GIFT ON BEHALF OF MONICA KARUTURI | $1,250 |
Rosewood Foundation Dallas, TX PURPOSE: GENERAL USE | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $211 |
Robert L And Jean Clarke Family Foundation Houston, TX PURPOSE: GENERAL | $150 |
Endowment Analysis
| Beg. Balance | $38,379,392 |
| Earnings | -$2,499,709 |
| Net Contributions | $384,534 |
| Grants | $571,860 |
| Ending Balance | $35,692,357 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Louisiana Bar Foundation New Orleans, LA | $18,538,909 | $13,471,847 |
Texas Bar Foundation Austin, TX | $36,380,732 | $5,314,157 |
Bexar County Family Justice Center Foundation San Antonio, TX | $519,988 | $609,567 |
Christys Hope For Battered Women And Children Inc San Antonio, TX | $126,437 | $353,101 |
Arkansas Bar Foundation Little Rock, AR | $5,737,907 | $82,392 |
Tarrant County Bar Foundation Fort Worth, TX | $1,950,355 | $197,376 |
Texas Border Sheriffs Coalition Fort Davis, TX | $14,297 | $0 |
Reentry Mediation Institute Of Louisiana New Orleans, LA | $37,501 | $0 |
San Antonio Bar Foundation San Antonio, TX | $1,250,217 | $135,722 |
Tulsa County Bar Foundation Inc Tulsa, OK | $2,049,748 | $158,061 |
Police Foundation - Arlington Tx Arlington, TX | $501,040 | $66,868 |
Bell County Sheriffs Department Foundation Belton, TX | $166,924 | $0 |