High Sky Childrens Ranch Endowment Inc
- Assets
- $20.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 30-0137475
Organization Overview
High Sky Childrens Ranch Endowment Inc is located in Midland, TX. The organization was established in 2003. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Sky Childrens Ranch Endowment Inc 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, High Sky Childrens Ranch Endowment Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $624.7k during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL, CHARITABLE, AND THE PREVENTION OF CRUELTY TO CHILDREN PURPOSES AS DEFINED IN SECTION 501C(3) OF THE INTERNAL REVENUE CODE, BY OPERATING FOR THE EXCLUSIVE BENEFIT OF HIGH SKY CHILDREN'S RANCH, INC. THE RANCH PROVIDES CHILD CARE FOR CHILDREN LIVING ON RANCH PREMISES AND IN COMMUNITY FOSTER HOMES, PROVIDES SOCIAL SERVICES RELATED TO COUNSELING AND PSYCHOLOGICAL WELFARE OF THE CHILDREN, AND PROVIDES CRISIS INTERVENTION SERVICES FOR FAMILIES WHERE THERE IS A HIGH RISK OF RUNAWAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGH SKY CHILDRENS RANCH ENDOWMENT, INC. IS ORGANIZED TO RECEIVE AND MANAGE ENDOWMENT FUNDS FOR THE PURPOSE OF PROVIDING OPERATING SUPPORT TO HIGH SKY CHILDREN'S RANCH. THIS IS ACCOMPLISHED BY INVESTING ENDOWMENT FUNDS AND PROVIDING THE EARNINGS OR A PORTION OF SUCH EARNINGS TO HIGH SKY CHILDREN'S RANCH FOR USE IN ITS OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Arnold Vice Chairman | OfficerTrustee | 1 | $0 |
Joe DE Compiegne Chairman | OfficerTrustee | 1 | $0 |
Lisa Borden Secretary | OfficerTrustee | 1 | $0 |
Jalynn Hogan Executive Dir. | Officer | 2 | $0 |
Casey Zachary Board Member | Trustee | 1 | $0 |
Steven Berrones Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,300,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,300,000 |
| Total Program Service Revenue | $0 |
| Investment income | $920,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,220,256 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $620,275 |
| Depreciation, depletion, and amortization | $2,721 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $624,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,347,476 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,408,615 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,407,664 |
| Total assets | $20,163,755 |
| Accounts payable and accrued expenses | $1,760 |
| 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 | $1,760 |
| Net assets without donor restrictions | $6,608,881 |
| Net assets with donor restrictions | $13,553,114 |
| 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 | $20,163,755 |
Endowment Analysis
| Beg. Balance | $17,207,522 |
| Earnings | $1,989,209 |
| Admin Expense | $214,741 |
| Net Contributions | $1,441,766 |
| Other Expense | $620,275 |
| Ending Balance | $19,803,481 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trust U W Of J B Ohara Dallas, TX | $37,870,054 | $2,024,131 |
Boy Scouts Of America Hurst, TX | $60,498,593 | $3,786,022 |
Boy Scouts Of America Lubbock, TX | $4,354,735 | $560,021 |
Kidspace Van Buren, AR | $232,079 | $1,124,204 |
Boy Scouts Of America Abilene, TX | $4,058,814 | $1,115,069 |
High Sky Childrens Ranch Endowment Inc Midland, TX | $20,163,755 | $2,220,256 |
R G & Claudine Pope Peeler Charitable Tr Amarillo, TX | $8,418,322 | $40,136 |
Hay Center Foundation Houston, TX | $2,849,365 | $1,092,300 |
Boy Scouts Of America Roswell, NM | $43,950,492 | $4,976,699 |
Camp Wisdom Inc Dallas, TX | $5,947,164 | $108,429 |
Big Brothers Big Sisters Of Central New Mexico Foundation Albuquerque, NM | $0 | $0 |
Boy Scouts Of America Tyler, TX | $6,485,292 | $88,002 |