Yarborough Foundation
- Assets
- $26.3m
- Revenue
- $1.9m
- Investments
- $23.8m
- Employees
- 0
- Location
- Midland, TX
- Founding
- 03/2001
- Data as of
- 12/2022
- EIN
- 75-2919532
Organization Overview
Yarborough Foundation is located in Midland, TX. The organization was established in 2001. 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. Yarborough 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, Yarborough Foundation generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Yarborough Foundation has awarded 363 individual grants totaling $5,699,861. 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 |
|---|---|---|---|
Ann A Jackson President | 2 | $0 | |
Linda B Yarborough Vice-President | 1 | $0 | |
Scott Dodds Secretary - Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,413,261 |
| Interest on Savings | $124,464 |
| Dividends & Interest | $545,438 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$175,180 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,010 |
| Total Revenue | $1,917,993 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $53,117 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,385 |
| Depreciation | $28,349 |
| Occupancy | $51,099 |
| Travel, conferences, and meetings | $6,058 |
| Printing and publications | $0 |
| Other expenses | $47,963 |
| Total operating and administrative expenses | $312,072 |
| Contributions, gifts, grants paid | $801,176 |
| Total expenses and disbursements | $1,113,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,949,647 |
| Net Accounts receivable | $68,002 |
| 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 | $23,825,012 |
| Net Land, buildings, and equipment | $291,858 |
| Other assets | $171,395 |
| Total assets | $26,305,914 |
| 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, Yarborough Foundation has awarded $801,176 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
APHASIA CENTER OF WEST TEXAS INC PURPOSE: OPERATING EXPENSES | $15,000 |
AGAPE CHRISTIAN SERVICE PURPOSE: PROGRAM EXPENSES | $10,000 |
BIG BROTHERS BIG SISTERS OF PERMIAN BASIN INC PURPOSE: OPERATING EXPENSES | $15,000 |
BORDERLANDS RESEARCH INSTITUTE SUL ROSS STATE UNIV PURPOSE: OPERATING EXPENSES | $10,000 |
BOYS & GIRLS CLUB OF MIDLAND INC PURPOSE: OPERATING EXPENSES | $15,000 |
BREWSTER COUNTY SHERIFF'S DEPARTMENT PURPOSE: CAPITAL EQUIPMENT PROJECT | $7,500 |