Central Texas Foundation Inc
- Assets
- $4.4m
- Revenue
- $221.8k
- Investments
- $4.1m
- Employees
- 0
- Location
- Brownwood, TX
- Founding
- 04/1983
- Data as of
- 12/2023
- EIN
- 75-1848800
Organization Overview
Central Texas Foundation Inc is located in Brownwood, TX. The organization was established in 1983. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Central Texas 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 12/2023, Central Texas Foundation Inc generated $221.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $246.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Central Texas Foundation Inc has awarded 194 individual grants totaling $1,808,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Hogan Trustee | 1 | $0 | |
Robert Porter President | 6 | $0 | |
Carter Sharpe Trustee | 1 | $0 | |
Tom Munson Secy/treas | 1 | $0 | |
Paul Waldrop Jr Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,865 |
| Dividends & Interest | $128,803 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,147 |
| Capital Gain Net Income | $55,147 |
| Net ST Capital Gain | $55,147 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,968 |
| Total Revenue | $221,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,420 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,590 |
| Contributions, gifts, grants paid | $227,000 |
| Total expenses and disbursements | $246,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,795 |
| Savings and temporary cash investments | $259,379 |
| 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 | $3,720 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,877,117 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,365,493 |
| 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, Central Texas Foundation Inc has awarded $227,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
HOWARD PAYNE UNIV-SCHOLARSHIPS PURPOSE: TUITION ASSISTANCE FOR QUALIFYING STUDENTS FROM THE BROWN COUNTY AREA | $4,000 |
HOWARD PAYNE UNIV-NURSE'S FUND PURPOSE: TO AID IN THE PURCHASE OF VARIOUS SMALL MEDICAL EQUIPMENT & SUPPLIES | $5,000 |
ARK DOMESTIC VIOLENCE SHELTER PURPOSE: ASSIST WITH OPERATING EXPENSES | $11,000 |
BROWNWOOD PUBLIC LIBRARY PURPOSE: TO ASSIST WITH PURCHASING BOOKS | $5,000 |
SALVATION ARMY PURPOSE: TO SUPPLEMENT FUNDING FOR FOOD FOR THE ON-SITE FEEDING PROGRAM & GENERAL & EMERGENCY ASSISTANCE | $20,000 |
GOOD SAMARITAN MINISTRIES PURPOSE: FOOD FOR VARIOUS HUNGER MINISTRIES PROGRAMS | $40,000 |