Blankinship 1991 Foundation Inc
- Assets
- $1.8m
- Revenue
- $76.6k
- Investments
- $1.7m
- Employees
- 0
- Location
- Midland, TX
- Founding
- 02/1992
- Data as of
- 12/2023
- EIN
- 75-2395220
Organization Overview
Blankinship 1991 Foundation Inc is located in Midland, TX. The organization was established in 1992. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blankinship 1991 Foundation Inc 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 12/2023, Blankinship 1991 Foundation Inc generated $76.6k 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 (7.1%) each year. All expenses for the organization totaled $75.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Blankinship 1991 Foundation Inc has awarded 111 individual grants totaling $449,420. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbra Grafa President | 0 | $0 | |
Tiffany Meade Vice President | 0 | $0 | |
Carroll Grafa Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,000 |
| Interest on Savings | $10,878 |
| Dividends & Interest | $30,726 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $44 |
| Total Revenue | $76,648 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $972 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,390 |
| Total operating and administrative expenses | $4,362 |
| Contributions, gifts, grants paid | $71,350 |
| Total expenses and disbursements | $75,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,129 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,801,522 |
| Accounts payable and accrued expenses | $1,054 |
| 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 | $1,054 |
Grants Awarded
Over the last fiscal year, Blankinship 1991 Foundation Inc has awarded $71,350 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
TUNNEL TO TOWERS PURPOSE: GENERAL FUND | $500 |
FIRST UNITED METHODIST CHURCH PURPOSE: GENERAL FUND | $25,200 |
HIGH SKY CHILDRENS RANCH PURPOSE: GENERAL FUND | $2,000 |
MIDLAND MEMORIAL FOUNDATION PURPOSE: GENERAL FUND | $5,000 |
MIDLAND CHILDRENS REHABILITATION CE PURPOSE: GENERAL FUND | $1,000 |
WEST TEXAS FOOD BANK PURPOSE: GENERAL FUND | $2,000 |