Former Texas Rangers Foundation
- Assets
- $6.1m
- Revenue
- $597.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Fredericksburg, TX
- Founding
- 01/1972
- Data as of
- 12/2021
- EIN
- 23-7150500
Organization Overview
Former Texas Rangers Foundation is located in Fredericksburg, TX. The organization was established in 1972. 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. As of 12/2021, Former Texas Rangers Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Former Texas Rangers 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 12/2021, Former Texas Rangers Foundation generated $597.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $670.9k 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
ORGANIZATION DEDICATED TO PRESERVING THE HISTORY OF ONE OF THE OLDEST AND WORLD-RENOWN INSTITUTIONS - THE TEXAS RANGERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FURTHER THE EDUCATIONAL MISSION OF THE FOUNDATION, A WEBSITE IS BEING DEVELOPED TO DELIVER AN ON-LINE HISTORY PROBRAM FOR STUDENTS IN THE 4TH AND 7TH GRADES. EXPENSES IN THE CURRENT YEAR WERE FOR DEVELOPMENT OF THE WEBSITE AND TRAVEL TO PROMOTE THE PROGRAM TO SCHOOL DISTRICTS. THE PROGRAM FEATURES LESSON PLANS, VIDEOS, AND OTHER EDUCATIONAL MATERIALS TO TEACH CHILDREN ABOUT THE TEXAS RANGERS AND THEIR PLACE IN HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Davis President | OfficerTrustee | 40 | $0 |
Machelle Morris Secretary | OfficerTrustee | 10 | $0 |
Charles Schweiger Treasurer | OfficerTrustee | 15 | $0 |
Bill Dante Chairman | OfficerTrustee | 15 | $0 |
Joe M Peters Vice President | OfficerTrustee | 10 | $0 |
Richard Dullnig Vice Chair | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $142,006 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $323,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $465,256 |
| Total Program Service Revenue | $0 |
| Investment income | $4,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $117,669 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,375 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $597,380 |
| 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. | $55,620 |
| Compensation of current officers, directors, key employees. | $27,810 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,728 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,735 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,730 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,577 |
| Office expenses | $34,699 |
| Information technology | $5,797 |
| Royalties | $0 |
| Occupancy | $93,054 |
| Travel | $3,688 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173,548 |
| Insurance | $16,233 |
| All other expenses | $0 |
| Total functional expenses | $670,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,275 |
| Savings and temporary cash investments | $50,090 |
| 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 | $75,083 |
| Prepaid expenses and deferred charges | $2,168 |
| Net Land, buildings, and equipment | $4,885,684 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $803,099 |
| Total assets | $6,074,399 |
| Accounts payable and accrued expenses | $168,360 |
| 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 | $168,360 |
| Net assets without donor restrictions | $5,294,982 |
| Net assets with donor restrictions | $611,057 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,074,399 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Former Texas Rangers Foundation has recieved totaling $16,012.
| Awarding Organization | Amount |
|---|---|
Austin E Knowlton Foundation Inc Cincinnati, OH PURPOSE: PROGRAM SERVICES | $10,000 |
Rugeley Ferguson Foundation San Antonio, TX PURPOSE: UNRESTRICTED GRANT | $5,000 |
Joseph H Thompson Fund South Pasadena, CA PURPOSE: TO BRING THE PAST ALIVE THROUGH IMMERSIVE PERMANENT AND TRAVELLING EXHIBITS, RANGER ARTIFACTS AND EXHIBITS AND ONE-OF-A-KIND EVENTS AND OPPORTUNITIES FOR LEARNING. | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Endowment Analysis
| Beg. Balance | $1,126,100 |
| Ending Balance | $1,126,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |