Baumberger Endowment
- Assets
- $25.6m
- Revenue
- $1.7m
- Investments
- $25.2m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 02/1973
- Data as of
- 12/2023
- EIN
- 23-7225925
Organization Overview
Baumberger Endowment is located in San Antonio, TX. The organization was established in 1973. 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. Baumberger Endowment 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 12/2023, Baumberger Endowment generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Baumberger Endowment has awarded 78 individual grants totaling $5,238,075. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy F May Chairman | 2 | $4,275 | |
Frank Burk Secretary | 1 | $4,275 | |
Albert J Tietze Jr Trustee | 1 | $4,275 | |
Ronald Schmidt Chairman | 2 | $4,275 | |
Samual Gonzales Trustee | 1 | $4,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $654,591 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,038,336 |
| Capital Gain Net Income | $1,038,336 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,694,427 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,375 |
| Other employee salaries and wages | $94,067 |
| Pension plans, employee benefits | $44,093 |
| Interest | $0 |
| Taxes | $34,519 |
| Depreciation | $0 |
| Occupancy | $26,582 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84,224 |
| Total operating and administrative expenses | $394,832 |
| Contributions, gifts, grants paid | $1,280,980 |
| Total expenses and disbursements | $1,675,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,319 |
| Savings and temporary cash investments | $407,678 |
| Net Accounts receivable | $8,023 |
| 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 | $21,323 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $1,549 |
| Investments—other | $12,986,075 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2 |
| Total assets | $25,627,000 |
| 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, Baumberger Endowment has awarded $1,280,980 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIN COLLEGE PURPOSE: SCHOLARSHIPS | $8,250 |
NORTHWEST VISTA COLLEGE PURPOSE: SCHOLARSHIPS | $2,750 |
RICE UNIVERSITY PURPOSE: SCHOLARSHIPS | $5,500 |
TEXAS A&M UNIVERSITY CORPUS CHRISTI PURPOSE: SCHOLARSHIPS | $2,750 |
SAN ANTONIO COLLEGE PURPOSE: SCHOLARSHIPS | $8,250 |
ST EDWARDS UNIVERSITY PURPOSE: SCHOLARSHIPS | $11,000 |