Amarillo Business Foundation
- Assets
- $4.4m
- Revenue
- $20.0k
- Investments
- $4.4m
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 75-2859752
Organization Overview
Amarillo Business Foundation is located in Amarillo, TX. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Amarillo Business 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 12/2022, Amarillo Business Foundation generated $20.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (32.5%) each year. All expenses for the organization totaled $337.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Amarillo Business Foundation has awarded 135 individual grants totaling $2,218,369. 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 |
|---|---|---|---|
George Raffkind Treasurer | 1 | $0 | |
Benjamin Whittenburg Vice-Preside | 1 | $0 | |
William T Ware President | 1 | $0 | |
Lane Seliger Director | 1 | $0 | |
Louise Ross Executive Di | 30 | $31,500 | |
Andrew Mitchell Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,842 |
| Dividends & Interest | $97,941 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$82,756 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,027 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,438 |
| Interest | $0 |
| Taxes | $5,524 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,697 |
| Total operating and administrative expenses | $69,376 |
| Contributions, gifts, grants paid | $268,000 |
| Total expenses and disbursements | $337,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,264 |
| Savings and temporary cash investments | $5,454 |
| 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 | $5,842 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,379,188 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,396,748 |
| 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 | $4,180 |
| Total liabilities | $4,180 |
Grants Awarded
Over the last fiscal year, Amarillo Business Foundation has awarded $268,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AMARILLO HABITAT FOR HUMANITY PURPOSE: BUILDING HOUSE 904 SE 21ST | $15,000 |
AMARILLO SYMPHONY PURPOSE: PURCHASE OF INSTRUMENTS | $10,000 |
AMARILLO WESLEY COMMNITY CENTER PURPOSE: IMPROVEMENT SOUTH CAMPUS | $15,000 |
ANOTHER CHANCE HOUSE PURPOSE: RENOVATE/EXPAND VETERAN HOUSE | $25,000 |
DOWNTOWN WOMEN'S CENTER PURPOSE: RENOVATE GRATITUDE HOUSE | $25,000 |
FAMILY SUPPORT SERVICES PURPOSE: REMODEL 2209 SW 7TH | $25,000 |