Armstrong Family Foundation
- Assets
- $882.7k
- Revenue
- $73.1k
- Investments
- $838.3k
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 75-2707415
Organization Overview
Armstrong Family Foundation is located in Lubbock, TX. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armstrong Family 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, Armstrong Family Foundation generated $73.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $53.2k during the year ending 12/2021. While expenses have increased by 2.6% 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 2016, Armstrong Family Foundation has awarded 81 individual grants totaling $346,768. 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 |
|---|---|---|---|
Mary Leigh Armstrong Neil Vice Preside | 0 | $0 | |
Robert William Armstrong President/se | 0 | $0 | |
Katherine Holbrook Treas./asst. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,874 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,250 |
| Capital Gain Net Income | $60,250 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $73,124 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $587 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,577 |
| Contributions, gifts, grants paid | $49,643 |
| Total expenses and disbursements | $53,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,414 |
| 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 | $838,322 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $882,736 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Armstrong Family Foundation has awarded $49,643 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Lubbock, TX PURPOSE: GENERAL PURPOSE | $22,143 |
LITTLE KESWICK SCHOOL PURPOSE: GENERAL PURPOSE | $20,000 |
Centennial, CO PURPOSE: GENERAL PURPOSE | $7,000 |
Lubbock, TX PURPOSE: GENERAL PURPOSE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kleinheinz Family Foundation For The Arts And Education Fort Worth, TX | $0 | $13,876,382 |
My Possibilities Plano, TX | $35,881,798 | $10,188,118 |
Hardesty Family Foundation Inc Tulsa, OK | $132,895,698 | $5,904,373 |
Brent House Corporation New Orleans, LA | $2,513,163 | $4,974,916 |
Alternative Building Concepts Group Garland, TX | $15,770,911 | $6,819,117 |
Sheltering Harbour Houston, TX | $3,221,749 | $5,825,428 |
Pwa Coalition Of Dallas Inc Dallas, TX | $14,827,763 | $6,751,009 |
Girl Scouts - Diamonds Of Arkansas Oklahoma And Texas Little Rock, AR | $7,427,624 | $5,269,296 |
Wildearth Guardians Santa Fe, NM | $5,297,643 | $4,580,150 |
Holiday Hill Inc Coleman, TX | $4,001,459 | $4,560,121 |
Baton Rouge University Preparatory Charter School Inc Baton Rouge, LA | $4,975,030 | $5,662,511 |
Endtime Inc Plano, TX | $8,581,980 | $5,331,974 |