West Texas Rehabilitation Center Foundation

Organization Overview

West Texas Rehabilitation Center Foundation is located in Abilene, TX. The organization was established in 1967. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Texas Rehabilitation Center 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 12/2021, West Texas Rehabilitation Center Foundation generated $14.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $7.9m during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION AND PURPOSE OF THE WEST TEXAS REHABILITATION CENTER FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT TO THE WEST TEXAS REHABILITATION CENTER AS IT PERFORMS ITS MISSION AND PURPOSE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WTRC FOUNDATION PROVIDES FINANCIAL SUPPORT TO WTRC. DISTRIBUTIONS OF UNRESTRICTED ASSETS ARE MADE FROM THE FOUNDATION TO WTRC FOLLOWING APPROVAL BY THE FOUNDATION'S BOARD OF DIRECTORS.


CHARITABLE GIFT ANNUITIES REPRESENT AGREEMENTS ENTERED INTO WITH THE FOUNDATION. THESE ARE CONTRACTUAL EXPENSES RELATED TO THOSE AGREEMENTS. THE LIABILITY ENDS UPON THE INDIVIDUAL DONOR'S DEATH.


CHARITABLE ANNUITY TRUSTS REPRESENT AMOUNTS CONTRIBUTED IN TRUST TO THE FOUNDATION AND THE OPERATING COSTS OF THE TRUSTS. THE TRUST ASSETS WILL BENEFIT THE FOUNDATION UPON TERMINATION OF THE TRUST.


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Board, Officers & Key Employees

Name (title)Compensation
Steve Martin
Vice President
$0
Tim Childs
Vice President
$0
Woody Gilliland
President
$0
David Copeland
Secretary
$0
John Berry
Chairman
$0
Charles Ezzell
Treasurer
$0

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$883,487
Noncash contributions included in lines 1a–1f $300,000
Total Revenue from Contributions, Gifts, Grants & Similar$883,487
Total Program Service Revenue$0
Investment income $4,065,277
Tax Exempt Bond Proceeds $0
Royalties $6,951,730
Net Rental Income $26,355
Net Gain/Loss on Asset Sales $2,614,096
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,541,495

Grants Recieved

Over the last fiscal year, we have identified 1 grants that West Texas Rehabilitation Center Foundation has recieved totaling $9,250.

Awarding OrganizationAmount
National Christian Charitable Foundation Inc

Alpharetta, GA

PURPOSE: POVERTY

$9,250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$185,034
Ending Balance$185,034

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