Plainview Industrial Foundation Inc
- Assets
- $908.6k
- Revenue
- $305.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Plainview, TX
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 75-6050019
Organization Overview
Plainview Industrial Foundation Inc is located in Plainview, TX. The organization was established in 0000. 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. Plainview Industrial Foundation Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Plainview Industrial Foundation Inc generated $305.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $139.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Plainview Industrial Foundation Inc has awarded 16 individual grants totaling $218,675. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE INDUSTRIAL DEVELOPMENT AND CREATE JOBS IN THE CITY OF PLAINVIEW AND COUNTY OF HALE, TEXAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED PROSPECTIVE BUSINESSES DESIRING TO LOCATE OR RELOCATE OPERATIONS IN PLAINVIEW AND HALE COUNTY, TEXAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Wright President | OfficerTrustee | 4 | $0 |
Jordan Loeffler 1st Vice Pres | OfficerTrustee | 2 | $0 |
Rance Loafman 2nd Vice Pres | OfficerTrustee | 2 | $0 |
Danny Glenn Sec/treas | OfficerTrustee | 2 | $0 |
Kristi Aday Executive Director | Trustee | 40 | $108,330 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $303,756 |
| Investment income | $1,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $305,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,533 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,493 |
| Advertising and promotion | $17,736 |
| Office expenses | $25,060 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,689 |
| Travel | $4,162 |
| 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 | $6,758 |
| Insurance | $7,368 |
| All other expenses | $0 |
| Total functional expenses | $139,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,050 |
| Savings and temporary cash investments | $592,262 |
| 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 | $92,294 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $908,606 |
| 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 | $908,606 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $908,606 |
Grants Awarded
Over the last fiscal year, Plainview Industrial Foundation Inc has awarded $17,533 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PLAINVIEW INDEPENDENT SCHOOL DISTRICT PURPOSE: HIGH SCHOOL CTE PROGRAMS | $10,000 |
PLAINVIEW INDEPENDENT SCHOOL DISTRICT PURPOSE: PURCHASE MEDICAL EQUIPMENT FOR CTE PROGRAMS | $7,533 |