Panhandle Oilmens Foundation Inc
- Assets
- $35.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 08/2016
- Data as of
- 12/2023
- 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 12/2023, Panhandle Oilmens Foundation Inc generated $78.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $64.0k during the year ending 12/2023. While expenses have increased by 6.8% per year over the past 8 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 2017, Panhandle Oilmens Foundation Inc has awarded 12 individual grants totaling $112,250. 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO BENEFIT AMARILLO TEXAS AREA CHARITABLE CAUSES/ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Moore Vice Preside | 0 | $0 | |
Kimberly Britten President | 0 | $0 | |
Laura Savage Treasurer | 0 | $0 | |
Mollie Riggs Secretary | 0 | $0 | |
Gerry Corder Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,872 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$24,207 |
| Other Revenue | $0 |
| Total Revenue | $78,665 |
| 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 | $650 |
| Occupancy, rent, utilities, and maintenance | $1,596 |
| Printing, publications, postage, and shipping | $176 |
| Other expenses | $2,597 |
| Total expenses | $64,019 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,017 |
| Other assets | $0 |
| Total assets | $35,017 |
| Total liabilities | $0 |
| Net assets or fund balances | $35,017 |
Grants Awarded
Over the last fiscal year, Panhandle Oilmens Foundation Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PANHANDLE CHILDRENS FOUNDATION | | | $10,000 |
HIGH PLAINS CHILDRENS HOME | | | $10,000 |
AMARILLO COLLEGE FOUNDATION | | | $10,000 |