First Community Foundation Inc
- Assets
- $1.6m
- Revenue
- $11.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Killeen, TX
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 82-2299083
Organization Overview
First Community Foundation Inc is located in Killeen, TX. The organization was established in 2019. 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. First Community 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 12/2022, First Community Foundation Inc generated $11.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (51.0%) each year. All expenses for the organization totaled $370.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, First Community Foundation Inc has awarded 266 individual grants totaling $1,747,365. 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 |
|---|---|---|---|
Robert W Hoxworth President/director | 1 | $0 | |
James W Meredith Secretary/treasurer/direct | 1 | $0 | |
Deana Stafford Director | 1 | $0 | |
Terry Tuggle Director | 1 | $0 | |
Jessica Palache Director | 1 | $0 | |
Edward C Smien Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,594 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,325 |
| Contributions, gifts, grants paid | $367,402 |
| Total expenses and disbursements | $370,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,591,229 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,591,229 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, First Community Foundation Inc has awarded $367,402 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BANZAI INC PURPOSE: SUPPORT THE CHARITABLE PURPOSE OF BANZAI INC | $30,000 |
CASA OF BELL & CORYELL COUNTIES PURPOSE: SUPPORT THE CHARITY PURPOSE OF CASA OF BELL & CORYELL COUNTIES | $5,000 |
A NEW LEAF INC PURPOSE: SUPPORT THE CHARITY PURPOSE OF A NEW LEAF INC | $10,000 |
FH REGIONAL ECONOMIC FOUNDATION PURPOSE: SUPPORT THE CHARITY PURPOSE OF FH REGIONAL ECONOMIC FOUNDATION | $40,000 |
LEMONADE DAY PURPOSE: SUPPORT THE CHARITABLE PURPOSE OF LEMONADE DAY | $5,000 |
HABITAT FOR HUMANITY CENTRAL ARKANSAS PURPOSE: SUPPORT THE CHARITY PURPOSE OF HABITAT FOR HUMANITY CENTRAL ARKANSAS | $5,000 |