South Plains Foundation
- Assets
- $4.5m
- Revenue
- $312.9k
- Investments
- $4.3m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 01/1990
- Data as of
- 06/2018
- EIN
- 75-2294100
Organization Overview
South Plains Foundation is located in Lubbock, TX. The organization was established in 1990. 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.
For the year ending 06/2018, South Plains Foundation generated $312.9k in total revenue. All expenses for the organization totaled $360.7k during the year ending 06/2018.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Hudson Exec Dir | 30 | $19,800 | |
Bill Miller President | 0 | $0 | |
Sandy Ogletree Member | 0 | $0 | |
Karen Worley Vice President | 0 | $0 | |
Max Ince Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,153 |
| Dividends & Interest | $101,604 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $209,155 |
| Capital Gain Net Income | $209,155 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $312,912 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,515 |
| Interest | $0 |
| Taxes | $1,132 |
| Depreciation | $188 |
| Occupancy | $1,920 |
| Travel, conferences, and meetings | $8,972 |
| Printing and publications | $144 |
| Other expenses | $10,167 |
| Total operating and administrative expenses | $76,960 |
| Contributions, gifts, grants paid | $283,704 |
| Total expenses and disbursements | $360,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,532 |
| Savings and temporary cash investments | $166,779 |
| 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 | $4,861 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,069,234 |
| Net Land, buildings, and equipment | $657 |
| Other assets | $0 |
| Total assets | $4,464,437 |
| Accounts payable and accrued expenses | $437 |
| 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 | $437 |
Grants Awarded
Over the last fiscal year, South Plains Foundation has awarded $283,704 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS TECH UNIVERSITY PURPOSE: MEDICAL RESEARCH | $60,000 |
Lubbock, TX PURPOSE: TEACHER GRANTS | $20,000 |
OPEN DOOR PURPOSE: PAY FOR VITAL STATISTICS RECORDS AND LIFE SKILLS SUPPLIES | $12,000 |
FAMILY PROMISE PURPOSE: DONATION | $10,000 |
BUCKNER CHILDREN & FAMILY SERVICES PURPOSE: ASSISTANCE FOR SINGLE MOTHERS | $10,000 |
Lubbock, TX PURPOSE: LUBBOCK YOUNG ENTREPRENEURS ACADEMY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |