Community Foundation Of North Texas
- Assets
- $520.5m
- Revenue
- $72.6m
- Investments
- $9.4m
- Employees
- 19
- Location
- Fort Worth, TX
- Founding
- 06/1989
- Data as of
- 12/2021
- EIN
- 75-2267767
Organization Overview
Community Foundation Of North Texas, operating under the name North Texas Community Foundation, is located in Fort Worth, TX. The organization was established in 1989. 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 12/2021, North Texas Community Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Texas Community 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, North Texas Community Foundation generated $72.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $34.7m during the year ending 12/2021. While expenses have increased by 10.6% 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.
Since 2014, North Texas Community Foundation has awarded 11,776 individual grants totaling $179,320,491. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE COMMUNITY THROUGH CIVIC LEADERSHIP AND TO ENCOURAGE PHILANTHROPY BY PROVIDING COMMUNITY KNOWLEDGE AND RELIABLE STEWARDSHIP TO THOSE WHO WISH TO FULFILL THEIR CHARITABLE GOALS IN A MEANINGFUL WAY--EITHER DURING OR BEYOND THEIR LIFETIMES.
Describe the Organization's Program Activity:
COMMUNITY FOUNDATION OF NORTH TEXAS (CFNTX) EXTENDED RESOURCES TO OVER 822 AREA NON-PROFITS IN 2021. GRANTS AND SCHOLARSHIPS TOTALING OVER $26 MILLION HELPED A VARIETY OF ORGANIZATIONS FULFILL THEIR MISSIONS TO NORTH TEXAS AND OTHER AREAS. THE FOUNDATION AWARDED SCHOLARSHIPS TO 38 STUDENTS FOR UNIVERSITY EDUCATION. THE FOUNDATION AWARDS GRANTS FROM ITS VARIOUS FIELDS OF INTEREST AND UNRESTRICTED ENDOWMENTS; IN ADDITION, THROUGH DESIGNATED AND DONOR ADVISED FUNDS, THE FOUNDATION AWARDS GRANTS TO PUBLIC CHARITIES AND GOVERNMENTAL ENTITIES LOCALLY, STATEWIDE AND NATIONALLY ACCORDING TO THE CHARITABLE INTERESTS AND CONCERNS OF THE FUNDHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rose Bradshaw President | Officer | 40 | $298,358 |
Stan Ninemire Chief Financial Officer | Officer | 40 | $169,559 |
Vicki Andrews Donor Relations Laison | 40 | $121,561 | |
Stewart Alcorn Chair | OfficerTrustee | 2 | $0 |
Anne Holland Vice Chair | OfficerTrustee | 1 | $0 |
Daniel H Mccarthy Corp. Secretary | OfficerTrustee | 1 | $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 | $42,735,569 |
| Noncash contributions included in lines 1a–1f | $16,520,977 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,735,569 |
| Total Program Service Revenue | $2,756,176 |
| Investment income | $10,396,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $110,401 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,184,878 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,575,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,027,683 |
| Grants and other assistance to domestic individuals. | $359,270 |
| Grants and other assistance to Foreign Orgs/Individuals | $90,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $641,200 |
| Compensation of current officers, directors, key employees. | $255,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $965,306 |
| Pension plan accruals and contributions | $65,644 |
| Other employee benefits | $125,453 |
| Payroll taxes | $128,460 |
| Fees for services: Management | $2,714,359 |
| Fees for services: Legal | $15,650 |
| Fees for services: Accounting | $31,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,254,949 |
| Fees for services: Other | $1,327,943 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $69,383 |
| Royalties | $0 |
| Occupancy | $283,267 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,499 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,635 |
| Insurance | $83,755 |
| All other expenses | $68,564 |
| Total functional expenses | $34,734,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,033,192 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,216 |
| Accounts receivable, net | $136,330 |
| 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 | $34,163 |
| Net Land, buildings, and equipment | $104,143 |
| Investments—publicly traded securities | $477,335,627 |
| Investments—other securities | $9,406,145 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,474,182 |
| Total assets | $520,525,998 |
| Accounts payable and accrued expenses | $21,163 |
| Grants payable | $2,400,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,275,703 |
| 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 | $15,696,866 |
| Net assets without donor restrictions | $453,936,296 |
| Net assets with donor restrictions | $50,892,836 |
| 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 | $520,525,998 |
Grants Awarded
Over the last fiscal year, Community Foundation Of North Texas has awarded $23,213,446 in support to 606 organizations.
| Grant Recipient | Amount |
|---|---|
FORT WORTH ISD PURPOSE: TO SUPPORT THE FWCP BUDGET | $1,776,175 |
Fort Worth, TX PURPOSE: FOR THE NEW EDWARD AND MAXINE BAKER FAMILY CHILDREN'S WING IN HONOR OF EDWARD L. AND MAINE BAKER, SR. | $1,000,000 |
Fort Worth, TX PURPOSE: FOR THE NEW CHILDREN'S CENTER IN HONOR OF MAXINE & EDWARD L. BAKER SR. (1 OF 3 GRANTS OVER 3 YEARS) | $1,000,000 |
Fort Worth, TX PURPOSE: FOR THE NEW EDWARD AND MAXINE BAKER FAMILY CHILDREN'S WING IN HONOR OF EDWARD L. AND MAXINE BAKER, SR. | $800,000 |
UNIVERSITY OF TEXAS LONGHORN FOUND PURPOSE: FOR SOUTH END ZONE CAPITAL PROJECT. PLEASE NOTIFY JOSH BROWN OF THIS GIFT | $450,000 |
Denton, TX PURPOSE: FOR UNT-COLLEGE OF EDUCATION WITH A FOCUS ON ELEMENTARY EDUCATION | $341,356 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Community Foundation Of North Texas has recieved totaling $8,714,615.
| Awarding Organization | Amount |
|---|---|
Rainwater Charitable Foundation Fort Worth, TX PURPOSE: T3 | $2,452,312 |
Meta Alice Keith Bratten Foundation Fort Worth, TX PURPOSE: DONOR ADVISED FUND | $1,200,000 |
Rainwater Charitable Foundation Fort Worth, TX PURPOSE: THE RAINWATER CORNERSTONE NEW LIFE CENTER 2 FUND | $925,000 |
Rainwater Charitable Foundation Fort Worth, TX PURPOSE: SUPPORT OF THE 2022 GRANT FUNDING CYCLE | $754,868 |
Rainwater Charitable Foundation Fort Worth, TX PURPOSE: IMPLEMENT FARE'S | $725,000 |
Grogan Family Foundation Inc Dallas, TX PURPOSE: CULTIVATE VIBRANT AND RESILIENT COMM | $661,299 |
Endowment Analysis
| Beg. Balance | $89,727,411 |
| Earnings | $17,199,163 |
| Admin Expense | $959,373 |
| Net Contributions | $7,079,753 |
| Grants | $3,564,097 |
| Ending Balance | $109,482,857 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX | $387,395,879 | $137,312,103 |
Austin Community Foundation Austin, TX | $433,764,301 | $88,798,773 |
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 |