Stratford Area Foundation Inc
- Assets
- $1.0m
- Revenue
- $72.2k
- Investments
- $987.2k
- Employees
- 0
- Location
- Stratford, TX
- Founding
- 12/1979
- Data as of
- 12/2021
- EIN
- 75-1662855
Organization Overview
Stratford Area Foundation Inc is located in Stratford, TX. The organization was established in 1979. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stratford Area Foundation Inc 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, Stratford Area Foundation Inc generated $72.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $43.5k during the year ending 12/2021. While expenses have increased by 17.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDS FOR THE SUPPORT OF LOCAL ORGANIZATIONS FOR THE BETTERMENT OF SHERMAN CO., TEXAS & TEXAS CO., OKLAHOMA AND THE CITIES IN THESE COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SERVES THE LOCAL COMMUNITIES OF STRATFORD,TX & TEXHOMA, OK BY FUNDING VARIOUS CIVIC PROJECTS & CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Larance Secretary/treasurer | Officer | 0 | $0 |
Laurie Spurlock Vice President | Officer | 0 | $0 |
Gaynelle Riffe President | Officer | 0 | $0 |
Cindy Miller Director | Trustee | 0 | $0 |
Brenda Acker Director | Trustee | 0 | $0 |
Jack Haile Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,440 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,440 |
| Total Program Service Revenue | $0 |
| Investment income | $42,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,878 |
| 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 | $2,400 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $791 |
| 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 | $0 |
| Total functional expenses | $43,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4 |
| Savings and temporary cash investments | $57,291 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $987,235 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,044,530 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $415,459 |
| Retained earnings, endowment, accumulated income, or other funds | $629,071 |
| Total liabilities and net assets/fund balances | $1,044,530 |
Grants Awarded
Over the last fiscal year, Stratford Area Foundation Inc has awarded $23,900 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Stratford, TX PURPOSE: FUNDS USED FOR A/C HEATER | $6,950 |
Stratford, TX PURPOSE: FUNDS USED FOR A/C HEATER | $6,950 |
TEXHOMA ISD PURPOSE: FUNDS USED FOR PLAYGROUND EQUIPMENT | $5,000 |
TEXHOMA ISD PURPOSE: FUNDS USED FOR PLAYGROUND EQUIPMENT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Stratford Area Foundation Inc has recieved totaling $54,789.
| Awarding Organization | Amount |
|---|---|
Amarillo Area Foundation Inc Amarillo, TX PURPOSE: GENERAL SUPPORT | $54,789 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of North Louisiana Shreveport, LA | $154,534,783 | $16,289,106 |
Albuquerque Community Foundation Albuquerque, NM | $124,587,657 | $15,721,383 |
Wichita Falls Area Community Foundation Wichita Falls, TX | $80,507,148 | $8,576,098 |
Waco Foundation Waco, TX | $115,989,579 | $8,908,496 |
The Community Foundation Of The Texas Hill Country Inc Kerrville, TX | $41,950,471 | $11,850,812 |
New Mexico Community Foundation Santa Fe, NM | $33,737,361 | $8,575,952 |
Community Foundation Of West Texas Lubbock, TX | $69,554,926 | $8,377,445 |
Notley Fund Austin, TX | $2,525,162 | $4,464,040 |
Enid Community Foundation For Excellence Enid, OK | $32,321,752 | $9,292,511 |
Greater Round Rock Community Foundation Inc Round Rock, TX | $23,024,574 | $5,650,197 |
Central Louisiana Community Foundation Alexandria, LA | $32,032,595 | $10,012,051 |
Northeast Texas Community College Foundation Mt Pleasant, TX | $9,750,515 | $4,394,098 |