Fort Worth Foundation
- Assets
- $475.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 11/1991
- Data as of
- 06/2021
- EIN
- 75-2391886
Organization Overview
Fort Worth Foundation is located in Fort Worth, TX. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth 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 06/2021, Fort Worth Foundation generated $24.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $37.9k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE MISSION OF THE FORT WORTH FOUNDATION IS TO BUILD AN ENDOWMENT FUND, THE EARNINGS OF WHICH WILL BE USED TO SUPPORT LOCAL 501(C)(3) ORGANIZATIONS AND INDIVIDUALS WHO WORK TO IMPROVE THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Moulder Director | 1 | $0 | |
Mike Peck President | 1 | $0 | |
Theresa Hocker Director | 1 | $0 | |
Tim Brown Director | 1 | $0 | |
Brad Kling Secretary | 1 | $0 | |
Benita Harper Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,237 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $16,275 |
| Gain or Loss | $2,133 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $24,645 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,529 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $37,859 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $475,828 |
| Other assets | $0 |
| Total assets | $475,828 |
| Total liabilities | $0 |
| Net assets or fund balances | $475,828 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fort Worth Foundation has recieved totaling $800.
| Awarding Organization | Amount |
|---|---|
Vincent Genovese Memorial Foundation Fort Worth, TX PURPOSE: TOWARDS THE POLICE AND FIREFIGHTER OF THE YEAR | $800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |
Usaa Educational Foundation San Antonio, TX | $96,381,454 | $7,561,828 |
Ulm Athletic Foundation Monroe, LA | $3,668,358 | $2,963,740 |
Panhandle-Plains Higher Education Foundation Inc Canyon, TX | $182,464,704 | $13,006,465 |
American Indian Graduate Center Scholars Albuquerque, NM | $1,252,569 | $3,993,312 |