Tobin Endowment Tr
- Assets
- $66.9m
- Revenue
- $4.0m
- Investments
- $57.2m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 09/1999
- Data as of
- 12/2021
- 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 12/2021, Tobin Endowment Tr generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 4 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, Tobin Endowment Tr has awarded 44 individual grants totaling $3,859,784. 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
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 16 For Details Maintenance Mgr | 40 | $59,345 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,554,694 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,251,734 |
| Capital Gain Net Income | $2,251,734 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $168,250 |
| Total Revenue | $3,974,678 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $554,732 |
| Other employee salaries and wages | $170,124 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,565 |
| Depreciation | $8,923 |
| Occupancy | $15,152 |
| Travel, conferences, and meetings | $13,936 |
| Printing and publications | $0 |
| Other expenses | $245,835 |
| Total operating and administrative expenses | $1,283,613 |
| Contributions, gifts, grants paid | $1,978,550 |
| Total expenses and disbursements | $3,262,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,571,122 |
| Savings and temporary cash investments | $361,114 |
| 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 | $367,235 |
| Net Land, buildings, and equipment | $1,869,499 |
| Other assets | $5,850,036 |
| Total assets | $66,872,342 |
| 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 $1,978,550 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
San Antonio, TX PURPOSE: CHARITABLE GRANT FOR OPERATING BUDGET; | $500,000 |
San Antonio, TX PURPOSE: SUPPORT FOR THE CONSTRUCTION OF THE "ROBERT L.B. TOBIN LAND BRIDGE" AT THE PHIL HARDBERGER PARK | $300,000 |
Austin, TX PURPOSE: OPERATIONAL SUPPORT AND FOR A NEW INNOVATION FUND TO IMPLEMENT NEW STRATEGIC PLAN | $200,000 |
San Antonio, TX PURPOSE: SUPPORT FOR THE UNDERWRITING THE COST OF OPERATING THE CURATORIAL DEPARTMENT OF THE TOBIN COLLECTION OF THEATRE ARTS AND THE TOBIN WING, AND SUPPORT THE MCNAY'S NEW UNRESTRICTED OPERATING FUND, THE MCNAY EXCELLENCE FUND. | $175,000 |
San Antonio, TX PURPOSE: SUPPORT FOR THE "FAMILY TAPESTRY" INITIATIVE. | $136,000 |
CHILDREN'S HOSPITAL OF SAN ANTONIO PURPOSE: SUPPORT FOR THE CHILDREN'S HOSPITAL OF SAN ANTONIO'S AND WAITING AREA WITHIN THE H-E-B EMERGENCY DEPARTMENT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Invitational Smoke Houston, TX | $5,761,542 | $2,810,220 |
Allied Arts Of Oklahoma Inc Oklahoma City, OK | $9,236,321 | $5,698,295 |
Cullen Trust For The Performing Arts Houston, TX | $84,734,407 | $8,559,059 |
Civic Center Foundation Oklahoma City, OK | $10,342,313 | $5,787,753 |
Tobin Endowment Tr San Antonio, TX | $66,872,342 | $3,974,678 |
Freedom Shield Foundation Lewisville, TX | $366,050 | $2,668,324 |
R W Norton Art Foundation Shreveport, LA | $90,584,723 | $3,020,184 |
Knowledge Arts Foundation Houston, TX | $5,977,787 | $3,546,412 |
J M Parker Foundation Abilene, TX | $41,978,298 | $664,865 |
Russell H Rogers Fund For The Arts Bank Of America N A 05-500-3132032 San Antonio, TX | $24,621,680 | $3,797,950 |
Inprint Inc Houston, TX | $7,553,324 | $1,398,082 |
Art And Eva Camunez Tucker Foundation San Angelo, TX | $10,543,164 | $1,213,438 |