Conte Family Foundation
- Assets
- $2.1m
- Revenue
- $134.7k
- Investments
- $1.7m
- Employees
- 0
- Location
- College Sta, TX
- Founding
- Data as of
- 10/2023
- EIN
- 85-3805605
Organization Overview
Conte Family Foundation is located in College Sta, TX. 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. Conte Family 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 10/2023, Conte Family Foundation generated $134.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (60.6%) each year. All expenses for the organization totaled $117.8k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Conte Family Foundation has awarded 23 individual grants totaling $180,328. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
INITIAL RETURN - NEW FOUNDATION FUNDED 12-14-2020.
INITIAL RETURN - NEW FOUNDATION FUNDED 12-14-2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia W Conte Director - Treasurer | 5 | $0 | |
Cullen Childress Director - President | 1 | $0 | |
Lesley Childress Director - Secretary | 1 | $0 | |
Edward Ireson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $522 |
| Dividends & Interest | $74,621 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $59,507 |
| Capital Gain Net Income | $59,507 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15 |
| Total Revenue | $134,665 |
| 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 | $12,106 |
| Total operating and administrative expenses | $12,106 |
| Contributions, gifts, grants paid | $105,700 |
| Total expenses and disbursements | $117,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$92,639 |
| Savings and temporary cash investments | $466,742 |
| 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 | $933 |
| Total assets | $2,111,748 |
| 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, Conte Family Foundation has awarded $105,700 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
THE LEUKEMIA LYMPHOMA SOCIETY PURPOSE: SUPPORT FOR RESEARCH TO CURE BLOOD CANCER | $5,000 |
OZARK TEEN CHALLENGE PURPOSE: SUPPORT THE OPERATION OF THE TEEN DRUG AND BEHAVIORAL RESIDENTIAL FACILITY | $6,000 |
P-MAN FOUNDATION PURPOSE: SUPPORT FOR AT RISK YOUTH IN RECOVERY BY OFFERING SOBER SOCIAL ACTIVITIES | $4,000 |
EPISCOPAL CHURCH OF GOOD SHEPHARD PURPOSE: SUPPORT THE GREATER AUSTIN COMMUNITY WITH 6 WORSHIP SERVICES W 2 CAMPUSES 2 SCHOOLS & 12 OUTREACH PROGRAMS | $5,000 |
BOXING FOR BATTLE INC PURPOSE: TO SERVE THOSE WHO ARE FIGHTING PARKINSON'S DISEASE IN THE WOODLANDS AND MAGNOLIA TX COMMUNITIES | $5,000 |
FIRST TEE GREATER HOUSTON PURPOSE: TO DEVELOP STRENGTH AND CHARACTER IN YOUNG PEOPLE BY USING THE GAME OF GOLF TO BUILD LIFE SKILLS | $4,000 |