Texas Area Fund Foundation Inc
- Assets
- $118.9k
- Revenue
- $46.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Palestine, TX
- Founding
- 11/1999
- Data as of
- 12/2019
- EIN
- 75-2834546
Organization Overview
Texas Area Fund Foundation Inc is located in Palestine, TX. The organization was established in 1999. According to its NTEE Classification (T31) the organization is classified as: Community 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. Texas Area Fund 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 12/2019, Texas Area Fund Foundation Inc generated $46.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (30.4%) each year. All expenses for the organization totaled $158.8k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Texas Area Fund Foundation Inc has awarded 44 individual grants totaling $1,083,575. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
FUND RAISING FOR COMMUNITY PROJECTS - TO ADVANCE COMMUNITY ECONOMIC AND PUBLIC FACILITY DEVELOPMENT, AS WELL AS TO FUND PROJECTS THAT ARE CHARITABLE AND EDUCATIONAL IN NATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FUNDED VARIOUS COMMUNITY CHARITABLE AND EDUCATIONAL PROGRAMS AND PROJECTS APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS, INCLUDING HOPE STATION; BOY SCOUT TROOP #440; PALESTINE COMMUNITY THEATER; ANDERSON COUNTY ACTION FUND; AND, THE VETERANS SERVICE CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackson Hanks President | OfficerTrustee | 0.5 | $0 |
Ahnise Summers Vp-Development | OfficerTrustee | 0.5 | $0 |
Jo Ellan Walley Sec-Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,791 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,477 |
| Total Program Service Revenue | $0 |
| Investment income | $1,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,090 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,227 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $122,370 |
| Grants and other assistance to domestic individuals. | $4,821 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,290 |
| Information technology | $1,800 |
| Royalties | $0 |
| Occupancy | $16,041 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $158,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,261 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $18,665 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $118,926 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $118,926 |
| Total liabilities and net assets/fund balances | $118,926 |
Grants Awarded
Over the last fiscal year, Texas Area Fund Foundation Inc has awarded $87,005 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION FUND OF ANDERSON COUNTY TEXAS PURPOSE: COMMUNITY CHARITABLE & EDUCATION PROJECTS | $51,790 |
HOPE STATION PURPOSE: HOMELESS SERVICES & TRAINING | $16,000 |
Irving, TX PURPOSE: SUPPORT SCOUT TROOP OPERATIONS | $10,000 |
Palestine, TX PURPOSE: COMMUNITY THEATER | $9,215 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Area Fund Foundation Inc has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Summers Foundation Palestine, TX PURPOSE: ANDERSON COUNTY FUNDS | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX | $387,395,879 | $137,312,103 |
Austin Community Foundation Austin, TX | $433,764,301 | $88,798,773 |
San Antonio Area Foundation San Antonio, TX | $587,345,748 | $192,937,536 |
The Greater New Orleans Foundation New Orleans, LA | $406,748,750 | $50,799,913 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of North Texas Fort Worth, TX | $520,525,998 | $72,575,782 |
Baton Rouge Area Foundation Baton Rouge, LA | $293,247,071 | $35,030,558 |
Astros Golf Foundation Houston, TX | $9,630,590 | $24,941,045 |
Santa Fe Community Foundation Santa Fe, NM | $107,508,749 | $26,179,829 |
Houston Jewish Community Foundation Houston, TX | $219,913,135 | $24,014,170 |
El Paso Community Foundation El Paso, TX | $84,044,216 | $21,715,289 |