The Crouch Foundation
- Assets
- $16.9m
- Revenue
- $1.4m
- Investments
- $10.9m
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 82-4608006
Organization Overview
The Crouch Foundation, operating under the name Arts In The Sunset, is located in Amarillo, TX. The organization was established in 2019. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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. Arts In The Sunset 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, Arts In The Sunset generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (40.3%) each year. All expenses for the organization totaled $743.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SPONSOR AND SUPPORT THE FINE ARTS IN AMARILLO, TEXAS AND SURROUNDING COUNTIES, INCLUDING THE PANHANDLE ART CENTER; TO OWN AND HOLD PROPERTY, REAL AND PERSONAL, FOR USE IN CONNECTION WITH AND NECESSARILY INDICENT TO THE FOREGOING PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SUPPORT TO THE AMARILLO ART INSTITUTE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Panger Vice President | Officer | 10 | $0 |
Mike Lafleur President | Officer | 10 | $0 |
Rachael Flores Secretary | Officer | 10 | $0 |
Ashley Ware Treasurer | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Playa Design Architect | 12/30/21 | $167,187 |
Wiley Hicks Jr General Contractor | 12/30/21 | $2,460,877 |
Ipfs Corporation Insurance Services | 12/30/21 | $135,895 |
Xcel Energy Utilities | 12/30/21 | $102,843 |
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 | $281,422 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $281,422 |
| Total Program Service Revenue | $58,836 |
| Investment income | $253,840 |
| Tax Exempt Bond Proceeds | $1,972 |
| Royalties | $10,374 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $776,152 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,397,399 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $179 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,760 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,748 |
| Advertising and promotion | $1,056 |
| Office expenses | $0 |
| Information technology | $197 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,510 |
| Insurance | $209,333 |
| All other expenses | $24,416 |
| Total functional expenses | $743,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,032 |
| Savings and temporary cash investments | $2,043,692 |
| 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 | $17,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,556,661 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,914,028 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,042,964 |
| Total assets | $16,850,877 |
| Accounts payable and accrued expenses | $3,830 |
| 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 | $3,830 |
| Net assets without donor restrictions | $0 |
| 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 | $16,847,047 |
| Total liabilities and net assets/fund balances | $16,850,877 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Crouch Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Dr Kent Roberts And Ilene Roberts Balliett Foundation Amarillo, TX PURPOSE: OPERATIONAL EXPENDITURE | $10,000 |
Dr Kent Roberts And Ilene Roberts Balliett Foundation Amarillo, TX PURPOSE: OPERATIONAL EXPENDITURE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jack R Macdonald Charitable Trust Dallas, TX | $210,803,432 | $37,680,803 |
Beaumont Foundation Of America Beaumont, TX | $198,772,539 | $2,602,068 |
Rebuilding Together New Orleans Inc New Orleans, LA | $4,947,911 | $2,442,774 |
Protex A Network For Progressive Texas Austin, TX | $2,134,660 | $1,207,733 |
Hand To Hand Foundation Inc Alma, AR | $102,920 | $1,043,014 |
Gnof Support Foundation New Orleans, LA | $1,192,327 | -$86,135 |
The Crouch Foundation Amarillo, TX | $16,850,877 | $1,397,399 |
Ryffel Family Foundation Inc Fort Worth, TX | $369 | $32,795 |
Matt 25 Inc Clovis, NM | $656,694 | $474,342 |
Beldon Family Foundation San Antonio, TX | $5,412,805 | $44,521 |
Charles Lukitsch Charitable Tr Tulsa, OK | $3,766,034 | $123,634 |
Scantland Charitable Foundation San Antonio, TX | $2,478,255 | $823,356 |