Don & Sybil Harrington Foundation
- Assets
- $113.4m
- Revenue
- $4.7m
- Investments
- $14.2m
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 11/1971
- Data as of
- 12/2022
- EIN
- 75-1336604
Organization Overview
Don & Sybil Harrington Foundation is located in Amarillo, TX. The organization was established in 1971. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Don & Sybil Harrington 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 12/2022, Don & Sybil Harrington Foundation generated $4.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $8.8m during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 8 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 2014, Don & Sybil Harrington Foundation has awarded 211 individual grants totaling $33,128,002. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ORGANIZATION OF AMARILLO AREA FOUNDATION, INC. MEETING CHARITABLE NEEDS THROUGH DISCRETIONARY GRANTS TO 501(C)(3) NONPROFIT ORGANIZATIONS LOCATED THROUGHOUT THE TEXAS PANHANDLE.
Describe the Organization's Program Activity:
MEETING CHARITABLE NEEDS THROUGH DISCRETIONARY GRANTS TO 501(C)(3) NONPROFIT ORGANIZATIONS LOCATED THROUGHOUT THE TEXAS PANHANDLE.
DISTRIBUTION OF 24.55% OF NET INCOME TO 15 DESIGNATED 501(C)(3) NONPROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Clark Chair | OfficerTrustee | 1 | $0 |
Vanessa Buzzard Vice Chair | OfficerTrustee | 1 | $0 |
David Prescott Secretary/treasurer | OfficerTrustee | 1 | $0 |
Mark Bivins Director | Trustee | 1 | $0 |
Lori Henke Director | Trustee | 1 | $0 |
Dyke Rogers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $39,600 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $94 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,694 |
| Total Program Service Revenue | $0 |
| Investment income | $1,600,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,047,527 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,684,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,265,796 |
| 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 | $1,328,610 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $235,195 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | -$20,555 |
| Total functional expenses | $8,809,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,941,537 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,752,557 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $92,554,285 |
| Investments—other securities | $14,184,592 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,577 |
| Total assets | $113,437,548 |
| Accounts payable and accrued expenses | $174,525 |
| Grants payable | $4,107,500 |
| Deferred revenue | $0 |
| 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 | $99,081 |
| Total liabilities | $4,381,106 |
| Net assets without donor restrictions | $104,056,442 |
| Net assets with donor restrictions | $5,000,000 |
| 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 | $113,437,548 |
Grants Awarded
Over the last fiscal year, Don & Sybil Harrington Foundation has awarded $7,127,995 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
7 STAR THERAPEUTIC RIDING CENTER PURPOSE: PROGRAM SUPPORT | $7,500 |
AMARILLO AREA FOUNDATION INC PURPOSE: GENERAL SUPPORT | $830,644 |
AMARILLO MULTISERVICE CENTER FOR THE AGING INC PURPOSE: GENERAL SUPPORT | $20,882 |
AMARILLO SYMPHONY INC PURPOSE: PROGRAM SUPPORT | $41,763 |
BUCKNER CHILDREN & FAMILY SERVICES PURPOSE: PROGRAM SUPPORT | $20,000 |
AMARILLO WESLEY COMMUNITY CENTER PURPOSE: CAPITAL SUPPORT | $100,000 |