Panhandle Oilmens Foundation Inc
- Assets
- $23.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 08/2016
- Data as of
- 12/2021
- EIN
- 81-2801079
Organization Overview
Panhandle Oilmens Foundation Inc is located in Amarillo, TX. The organization was established in 2016. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panhandle Oilmens Foundation Inc 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, Panhandle Oilmens Foundation Inc generated $63.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $78.1k during the year ending 12/2021. While expenses have increased by 12.8% per year over the past 6 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO BENEFIT AMARILLO TEXAS AREA CHARITABLE CAUSES/ORGANIZATIONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Britten Officer | 5 | $0 | |
Laura Savage Officer | 5 | $0 | |
Jeffrey Moore Officer | 5 | $0 | |
Richard Johnson Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,665 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$18,559 |
| Other Revenue | $0 |
| Total Revenue | $63,106 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,196 |
| Occupancy, rent, utilities, and maintenance | $1,496 |
| Printing, publications, postage, and shipping | $134 |
| Other expenses | $3,982 |
| Total expenses | $78,058 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,462 |
| Other assets | $0 |
| Total assets | $23,462 |
| Total liabilities | $0 |
| Net assets or fund balances | $23,462 |
Grants Awarded
Over the last fiscal year, Panhandle Oilmens Foundation Inc has awarded $54,750 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Channing, TX | | $10,000 |
Amarillo, TX | | $10,000 |
Amarillo, TX | | $10,000 |
Amarillo, TX | | $9,500 |
AMARILLO THUNDER | | | $9,500 |
Dumas, TX | | $5,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Panhandle Oilmens Foundation Inc has recieved totaling $3,600.
| Awarding Organization | Amount |
|---|---|
Bnsf Foundation Fort Worth, TX PURPOSE: MATCHING GIFTS 1 | $3,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morgans Wonderland Inclusion Foundation San Antonio, TX | $24,438,940 | $21,840,113 |
Furniture Bank Houston, TX | $4,044,380 | $6,546,446 |
Scanlan Foundation Houston, TX | $209,874,637 | $6,584,694 |
Kathleen S Craft Foundation Tulsa, OK | $94,596,287 | $6,487,856 |
White Cake Family Foundation Dallas, TX | $42,767,869 | $3,380,103 |
Charitable Properties Inc Mesquite, TX | $0 | $4,302,892 |
Bp Foundation Inc Houston, TX | $4,050,119 | $6,036,214 |
Soonae Foundation Burnet, TX | $2,322,115 | $4,666,451 |
Evergreen Foundation Haughton, LA | $11,601,707 | $713,824 |
Green Beret Foundation San Antonio, TX | $4,813,026 | $3,422,970 |
The Credit Bureau Of Baton Rouge Foundation Baton Rouge, LA | $26,265,049 | $1,414,019 |
Soundwaves Art Foundation Lockhart, TX | $1,311,521 | $2,019,206 |