Fasken Foundation
- Assets
- $0.0
- Revenue
- $6.1m
- Investments
- $44.5m
- Employees
- 0
- Location
- Midland, TX
- Founding
- 10/1957
- Data as of
- 12/2020
- EIN
- 75-6023680
Organization Overview
Fasken Foundation is located in Midland, TX. The organization was established in 1957. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Fasken 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 12/2020, Fasken Foundation generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $2.4m during the year ending 12/2020. While expenses have increased by 7.5% per year over the past 4 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 2018, Fasken Foundation has awarded 617 individual grants totaling $5,441,401. 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 |
|---|---|---|---|
Jeff Alsup Executive Director | 40 | $155,000 | |
Nancy Sparr Administrative Assistant | 20 | $30,041 | |
Tevis Herd Director | 1 | $7,000 | |
Gerald C Nobles Jr Director | 1 | $6,500 | |
Tracy K Elms Director | 1 | $5,000 | |
Paula Fasken Director/secretary | 1 | $4,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $947 |
| Dividends & Interest | $625,625 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,249,448 |
| Total Revenue | $6,079,329 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $191,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $18,079 |
| Travel, conferences, and meetings | $6,737 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $816,431 |
| Contributions, gifts, grants paid | $1,561,500 |
| Total expenses and disbursements | $2,377,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,745 |
| Investments—mortgage loans | $0 |
| Investments—other | $44,507,474 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fasken Foundation has awarded $1,628,252 in support to 149 organizations.
| Grant Recipient | Amount |
|---|---|
Weslaco, TX PURPOSE: 2021 GRANT 3 & 4 OF 4 PAYMENTS | $125,000 |
Weslaco, TX PURPOSE: 2021 GRANT 2 OF 4 PAYMENTS | $62,500 |
Weslaco, TX PURPOSE: 2021 GRANT 1 OF 4 PAYMENTS | $62,500 |
Midland, TX PURPOSE: 2021 GRANT | $50,000 |
Midland, TX PURPOSE: 2021 GRANT | $50,000 |
CASA OF WEST TEXAS PURPOSE: 2021 GRANT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |