Tobin Endowment Tr
- Assets
- $67.7m
- Revenue
- $3.9m
- Investments
- $56.4m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 09/1999
- Data as of
- 12/2022
- EIN
- 74-6478848
Organization Overview
Tobin Endowment Tr is located in San Antonio, TX. The organization was established in 1999. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tobin Endowment Tr 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 12/2022, Tobin Endowment Tr generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Tobin Endowment Tr has awarded 62 individual grants totaling $5,589,810. 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
ADMINISTRATION AND OPERATION OF THE TOBIN ESTATE CONFERENCE FACILITY FOR FREE-OF-CHARGE USE BY NONPROFIT ORGANIZATIONS HOLDING MEETINGS AND FUNCTIONS TO ADVANCE THEIR CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
See Statement 15 For Details Exec. Assistant | 40 | $116,628 | |
See Statement 15 For Details Maintenance Mgr | 40 | $59,345 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asel & Associates Pllc | 12/30/22 | $115,000 |
Holland & Knight | 12/30/22 | $70,541 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,390,679 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,351,764 |
| Capital Gain Net Income | $2,351,764 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $166,597 |
| Total Revenue | $3,909,040 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $558,815 |
| Other employee salaries and wages | $175,973 |
| Pension plans, employee benefits | $0 |
| Interest | $1,852 |
| Taxes | $101,312 |
| Depreciation | $7,491 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,414 |
| Printing and publications | $0 |
| Other expenses | $254,068 |
| Total operating and administrative expenses | $1,330,904 |
| Contributions, gifts, grants paid | $1,730,026 |
| Total expenses and disbursements | $3,060,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,827,133 |
| Savings and temporary cash investments | $608,577 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $398,291 |
| Net Land, buildings, and equipment | $1,949,232 |
| Other assets | $6,950,036 |
| Total assets | $67,720,452 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Tobin Endowment Tr has awarded $1,730,026 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
MCNAY ART MUSEUM PURPOSE: SUPPORT FOR UNDERWRITING THE COST OF OPERATING THE CURATORIAL DEPARTMENT OF THE TOBIN COLLECTION OF THEATRE ARTS AND THE TOBIN WING, FUND-A-FIELD TRIP PROGRAM, AND EXHIBITION SPONSOR FOR WOMEN IN THE MCNAY COLLECTION. | $126,000 |
THE SANTA FE OPERA PURPOSE: SUPPORT THE SANTE FE OPERA'S APPRENTICE PROGRAM BY REQUESTING SUPPORT FOR THE OPEAR'S GALA WHICH WILL BE HELD ON AUGUST 13, 2022. | $20,450 |
THE TOBIN THEATRE ARTS FUND PURPOSE: CHARITABLE GRANT FOR OPERATING BUDGET. | $500,000 |
THE CHARITY BALL ASSOCIATION OF SAN ANTO PURPOSE: SUPPORT FOR SAN ANTONIO'S CHILDREN'S CHARITIES AS A GRAND PATRON | $10,000 |
METROPOLITAN OPERA ASSOCIATION INC PURPOSE: SUPPORT FOR MRS. EDGAR TOBIN AWARD | $16,800 |
OPERA SAN ANTONIO PURPOSE: SUPPORT THE OPERA SAN ANTONIO'S GALA HELD ON NOVEMBER 3, 2022 AS A II PAGLIACCIO SPONSOR. | $25,000 |