Boyce Foundation
- Assets
- $3.8m
- Revenue
- $642.2k
- Investments
- $3.6m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 12/2007
- Data as of
- 12/2022
- EIN
- 20-3138731
Organization Overview
Boyce Foundation is located in Austin, TX. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Boyce 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 12/2022, Boyce Foundation generated $642.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $316.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Boyce Foundation has awarded 38 individual grants totaling $2,395,372. 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 |
|---|---|---|---|
Shelton W Boyce III Pres./dir. | 0.5 | $0 | |
Nancy Boyce Vice-Pres./dir. | 0.25 | $0 | |
April B Mcdaniel Secy/treas | 0.25 | $0 | |
Robert E Martin Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $476,850 |
| Interest on Savings | $8,219 |
| Dividends & Interest | $112,195 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $51,803 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $44,976 |
| Total Revenue | $642,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $57,972 |
| Pension plans, employee benefits | $0 |
| Interest | $593 |
| Taxes | $9,684 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,822 |
| Total operating and administrative expenses | $96,071 |
| Contributions, gifts, grants paid | $220,786 |
| Total expenses and disbursements | $316,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,314 |
| Savings and temporary cash investments | $220,505 |
| 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 | $19,335 |
| Total assets | $3,796,785 |
| 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, Boyce Foundation has awarded $220,786 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICA RENEWAL MINISTRIES PURPOSE: DEVELOPMENT OFCHRISTIANLEADERS | $12,600 |
TUNNEL TO TOWERS FOUNDATION PURPOSE: SUPPORT FIRST-RESPONDERS | $1,750 |
OTHER 501(C)(3) ORGANIZATIONS PURPOSE: VARIOUSCHARITABLEMISSIONS | $3,736 |
AUSTIN RIDGE BIBLE CHURCH PURPOSE: SUPPORT GENERALOPERATIONS OFTHE CHURCH | $192,700 |
HOPE HOUSE OF AUSTIN PURPOSE: HOUSING FORDISABLED PEOPLE | $10,000 |