Sipes Foundation
- Assets
- $356.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richardson, TX
- Founding
- 12/1984
- Data as of
- 12/2021
- EIN
- 75-1836869
Organization Overview
Sipes Foundation is located in Richardson, TX. The organization was established in 1984. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. Sipes 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 12/2021, Sipes Foundation generated $70.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $33.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn S Bissell Director | 1 | $0 | |
Wendell R Creech Secretary | 1 | $0 | |
Neil D Sharp President | 1 | $0 | |
Carol M Shiels Treasurer | 1 | $0 | |
Barry J Rava Director | 1 | $0 | |
Dan Earl Duggan Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,265 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $20,487 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,752 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $850 |
| Occupancy, rent, utilities, and maintenance | $6,000 |
| Printing, publications, postage, and shipping | $1,209 |
| Other expenses | $4,927 |
| Total expenses | $33,486 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $356,857 |
| Other assets | $0 |
| Total assets | $356,857 |
| Total liabilities | $0 |
| Net assets or fund balances | $356,857 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Oscar J Tolmas Charitable Trust Metairie, LA | $58,086,420 | $4,279,649 |
The University Of Texas At Tyler Education Inc Tyler, TX | $0 | $51,128 |
University Of Arkansas Technology Development Foundation Fayetteville, AR | $18,380,736 | $2,093,754 |
Butcher Fund Houston, TX | $0 | $254,062 |
Lensic Performing Arts Center Corporation Santa Fe, NM | $15,012,313 | $4,156,320 |
John R & Greli N Less Charitable Trust San Antonio, TX | $117,218,576 | $120,089,499 |
St Davids Community Health Foundation Initiatives Austin, TX | $27,867,184 | $2,942,176 |
Crow Family Foundation Inc Dallas, TX | $48,525 | $3,503 |
Southwest Airlines Employees Catastrophic Assistance Charity Dallas, TX | $24,931,177 | $1,326,488 |
Scientific Technology And Language Institute Houston, TX | $478,396 | $2,041,270 |
Texas Cultural Trust Council Austin, TX | $6,702,014 | $1,761,025 |
Onward & Upward Initiative A Charitable Trust Dallas, TX | $0 | $2,586,746 |