Fannin Community Foundation Inc
- Assets
- $308.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Bonham, TX
- Founding
- 04/1997
- Data as of
- 12/2023
- EIN
- 75-2669872
Organization Overview
Fannin Community Foundation Inc is located in Bonham, TX. The organization was established in 1997. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Fannin Community Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fannin Community 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, Fannin Community Foundation Inc generated $122.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $149.6k during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 9 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL: ART CLASSES & CAMPS, MUSIC CLASSES, THEATER CLASSES, ART GALLERY (CREATIVE ARTS CENTER), EDUCATIONAL SEMINARS & MEETINGS, SUMMER PROGRAMS, INCLUDING NO COST CLASSES FOR DISADVANTAGED AND/OR AT-RISK CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Nichols Director | 0 | $0 | |
Ramiro Ortiz Treasurer/dir | 0 | $0 | |
Hilary Holderer Sec & Dir | 0 | $0 | |
Karen Sims Director | 0 | $0 | |
Carol Irving Director | 0 | $0 | |
Christi Tynan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,663 |
| Total Program Service Revenue | $25,641 |
| Membership dues | $11,947 |
| Investment income | $73 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,408 |
| Other Revenue | $0 |
| Total Revenue | $122,794 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $66,817 |
| Professional fees and other payments to independent contractors | $11,552 |
| Occupancy, rent, utilities, and maintenance | $31,203 |
| Printing, publications, postage, and shipping | $1,931 |
| Other expenses | $38,054 |
| Total expenses | $149,557 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,649 |
| Other assets | $0 |
| Total assets | $308,362 |
| Total liabilities | $5,860 |
| Net assets or fund balances | $302,502 |