The Incarnation Foundation
- Assets
- $17.2m
- Revenue
- $1.1m
- Investments
- $907.4k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 75-2222101
Organization Overview
The Incarnation Foundation is located in Dallas, TX. The organization was established in 1988. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Incarnation 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, Incarnation Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $288.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.9%) per year over the past 7 years. 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
SUPPORT OF THE CHURCH OF THE INCARNATION THROUGH EFFECTIVE INVESTMENT MANAGEMENT AND DISTRIBUTION OF GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT CHRISTIAN-BASED PROGRAMS OF CHURCH OF THE INCARNATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holland Gary Secretary | OfficerTrustee | 1 | $0 |
Robert Dransfield President | OfficerTrustee | 1 | $0 |
Rebel Robertson Treasurer | OfficerTrustee | 1 | $0 |
Lauren Palmer Assistant Treasurer | Trustee | 1 | $0 |
Carla Bush Board Member | Trustee | 0.5 | $0 |
Joseph Chumlea Board Member | Trustee | 0.5 | $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 | $842,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $842,469 |
| Total Program Service Revenue | $0 |
| Investment income | $293,200 |
| 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 | $1,137,419 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $243,720 |
| 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 | $15,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,537 |
| Payroll taxes | $1,198 |
| Fees for services: Management | $3,000 |
| Fees for services: Legal | $440 |
| Fees for services: Accounting | $19,056 |
| 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 | $2,858 |
| 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 | $288,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,152,161 |
| Savings and temporary cash investments | $0 |
| 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 | $50,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,064,022 |
| Investments—other securities | $907,439 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,173,622 |
| Accounts payable and accrued expenses | $25,759 |
| 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 | $25,759 |
| Net assets without donor restrictions | $3,947,050 |
| Net assets with donor restrictions | $13,200,813 |
| 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 | $17,173,622 |
Grants Awarded
Over the last fiscal year, The Incarnation Foundation has awarded $161,545 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: To further the mission of the church | $131,545 |
Dallas, TX PURPOSE: Community outreach | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Incarnation Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: This grant is designated for general support. No benefits to be received fr | $2,000 |
Endowment Analysis
| Beg. Balance | $12,690,568 |
| Earnings | $1,589,422 |
| Admin Expense | $37,578 |
| Net Contributions | $17,860 |
| Grants | $234,782 |
| Ending Balance | $14,025,490 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |