Community Foundation Of Abilene
- Assets
- $138.7m
- Revenue
- $15.3m
- Investments
- $35.1m
- Employees
- 10
- Location
- Abilene, TX
- Founding
- 10/1985
- Data as of
- 06/2020
- EIN
- 75-2045832
Organization Overview
Community Foundation Of Abilene is located in Abilene, TX. The organization was established in 1985. 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. As of 06/2021, Community Foundation Of Abilene employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Abilene 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 06/2020, Community Foundation Of Abilene generated $15.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $10.4m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation Of Abilene has awarded 1,438 individual grants totaling $54,800,865. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO RENDER GRANT DONATIONS TO UNRELATED CIVIC AND PUBLIC ORGANIZATIONS PRIMARILY WITHIN ABILENE AND WEST CENTRAL TEXAS IN ORDER TO PROMOTE THE GENERAL WELFARE OF AREA RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO VARIOUS QUALIFIED 501(C)(3) ORGANIZATIONS BASED UPON APPROVED GRANT APPLICATIONS OR UPON BOARD OF TRUSTEES ACTION. SEE ATTACHED SCHEDULE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Alford President/ceo | Officer | 40 | $208,000 |
Jeff Blanks Chairman | OfficerTrustee | 2 | $0 |
Mindy Patterson Treasurer | OfficerTrustee | 1 | $0 |
David Swearingen Vice Chairman | OfficerTrustee | 1 | $0 |
Steve Senter Member-At-Large | OfficerTrustee | 1 | $0 |
Lisa Chavez Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,809,572 |
| Investment income | $3,390,456 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $389,527 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,269,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $18,110 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $360,972 |
| Pension plan accruals and contributions | $28,689 |
| Other employee benefits | $34,625 |
| Payroll taxes | $39,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,228 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $265,882 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,442 |
| Office expenses | $49,393 |
| Information technology | $60,813 |
| Royalties | $0 |
| Occupancy | $22,920 |
| Travel | $14,264 |
| 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 | $93,102 |
| Insurance | $11,844 |
| All other expenses | $0 |
| Total functional expenses | $10,352,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $729,987 |
| Savings and temporary cash investments | $11,274,825 |
| Pledges and grants receivable | $343,551 |
| 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 | $43,036 |
| Investments—publicly traded securities | $88,443,560 |
| Investments—other securities | $35,130,951 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $138,667,981 |
| Accounts payable and accrued expenses | $29,474 |
| Grants payable | $589,597 |
| 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 | $23,106,909 |
| Total liabilities | $23,725,980 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $114,942,001 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Abilene has awarded $12,694,945 in support to 254 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: PROGRAM SUPPORT | $2,505,000 |
FIRST BAPTIST CHURCH OF ABILENE PURPOSE: GENERAL OPERATIONS | $659,599 |
Abilene, TX PURPOSE: GENERAL OPERATIONS & PROGRAM SUPPORT | $573,225 |
Abilene, TX PURPOSE: GENERAL OPERATIONS | $351,785 |
Abilene, TX PURPOSE: GENERAL OPERATIONS AND SCHOLARSHIPS | $331,570 |
Abilene, TX PURPOSE: PROGRAM SUPPORT | $292,650 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Community Foundation Of Abilene has recieved totaling $3,448,962.
| Awarding Organization | Amount |
|---|---|
Dian Graves Owen Foundation Abilene, TX PURPOSE: GENERAL SUPPORT | $1,850,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $1,200,000 |
Still Water Foundation Ii Austin, TX PURPOSE: CHARITABLE - FOR THE JULIA JONES MATTHEWS FUND | $250,000 |
Still Water Foundation Ii Austin, TX PURPOSE: CHARITABLE - SUPPORT ABILENE FUND | $50,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $33,250 |
The Robison Excelsior Foundation Abilene, TX PURPOSE: CHARITABLE | $30,000 |
Endowment Analysis
| Beg. Balance | $102,868,117 |
| Earnings | $33,263,100 |
| Admin Expense | $875,409 |
| Net Contributions | $4,819,076 |
| Grants | $7,870,562 |
| Ending Balance | $132,204,322 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Antonio Area Foundation San Antonio, TX | $587,345,748 | $192,937,536 |
The Greater New Orleans Foundation New Orleans, LA | $406,748,750 | $50,799,913 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of North Texas Fort Worth, TX | $520,525,998 | $72,575,782 |
Baton Rouge Area Foundation Baton Rouge, LA | $293,247,071 | $35,030,558 |
Astros Golf Foundation Houston, TX | $9,630,590 | $24,941,045 |
Santa Fe Community Foundation Santa Fe, NM | $107,508,749 | $26,179,829 |
Houston Jewish Community Foundation Houston, TX | $219,913,135 | $24,014,170 |
El Paso Community Foundation El Paso, TX | $84,044,216 | $21,715,289 |
Dallas Jewish Community Foundation Dallas, TX | $257,889,567 | $62,022,140 |
Excellerate Foundation Rogers, AR | $1,422,117 | $18,582,776 |