New Braunfels Area Community Foundation
- Assets
- $13.0m
- Revenue
- $3.8m
- Investments
- $11.6m
- Employees
- 2
- Location
- New Braunfels, TX
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 45-5342842
Organization Overview
New Braunfels Area Community Foundation is located in New Braunfels, TX. The organization was established in 2013. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, New Braunfels Area Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Braunfels Area Community 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, New Braunfels Area Community Foundation generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New Braunfels Area Community Foundation has awarded 103 individual grants totaling $4,387,462. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NEW BRAUNFELS AREA COMMUNITY FOUNDATION DEVELOPS AND ENCOURAGES A CULTURE OF PHILANTHROPY BY ACCEPTING GIFTS, ADMINISTERING FUNDS, INVESTING ASSETS, AND MAKING GRANTS TO CHARITABLE ORGANIZATIONS ON BEHALF OF DONORS FOR THE GREATER BENEFIT OF THE AREA.
Describe the Organization's Program Activity:
THE NEW BRAUNFELS AREA COMMUNITY FOUNDATION PROVIDES SERVICES TO DONORS BY PROVIDING A VARIETY OF FUND OPTIONS THAT ASSIST DONORS IN THEIR CHARITABLE AND PHILANTHROPIC ENDEAVOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brit King President/ceo | Officer | 60 | $105,850 |
Brian Cox Treasurer | OfficerTrustee | 1.5 | $0 |
Gary Barr Secretary | OfficerTrustee | 1.5 | $0 |
Cecil Eager Past Chair | Trustee | 1.5 | $0 |
Kathleen Finck Member | Trustee | 1.5 | $0 |
Mary Jane Nalley Member | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,400,704 |
| Noncash contributions included in lines 1a–1f | $1,920 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,430,104 |
| Total Program Service Revenue | $138,108 |
| Investment income | $445,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,831 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $728,879 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,795,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,670,919 |
| Grants and other assistance to domestic individuals. | $55,250 |
| 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 | $105,850 |
| Other salaries and wages | $48,758 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,828 |
| Fees for services: Management | $111,424 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,748 |
| Fees for services: Other | $13,040 |
| Advertising and promotion | $13,363 |
| Office expenses | $11,282 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,600 |
| Travel | $444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,062 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,868 |
| Insurance | $3,563 |
| All other expenses | $0 |
| Total functional expenses | $2,110,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,158,962 |
| Savings and temporary cash investments | $220,944 |
| Pledges and grants receivable | $1,380 |
| 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 | $5,691 |
| Net Land, buildings, and equipment | $18,421 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,624,745 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,030,143 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,117,627 |
| 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 | $2,119,127 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $10,911,016 |
| Total liabilities and net assets/fund balances | $13,030,143 |
Grants Awarded
Over the last fiscal year, New Braunfels Area Community Foundation has awarded $1,279,253 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
NEW BRAUNFELS UTILITIES PURPOSE: TO FURTHER THE ENTITIES PROGRAMS AND PURPOSE. | $582,849 |
New Braunfels, TX PURPOSE: TO FURTHER THE ENTITIES PROGRAMS AND PURPOSE. | $261,000 |
New Braunfels, TX PURPOSE: TO FURTHER THE ENTITIES PROGRAMS AND PURPOSE. | $78,670 |
Colorado Springs, CO PURPOSE: TO FURTHER THE ENTITIES PROGRAMS AND PURPOSE. | $66,500 |
CITY OF NEW BRAUNFELS PURPOSE: TO FURTHER THE ENTITIES PROGRAMS AND PURPOSE. | $50,000 |
New Braunfels, TX PURPOSE: TO FURTHER THE ENTITIES PROGRAMS AND PURPOSE. | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that New Braunfels Area Community Foundation has recieved totaling $85,005.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $60,000 |
Tim And Suzanne Word Foundation New Braunfels, TX PURPOSE: CHARITABLE DONATION TO ASSIST IN ORGANIZATION'S MISSION | $20,000 |
Frost Bank San Antonio, TX PURPOSE: UNRESTRICTED GRANT FOR | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $8,606,301 |
| Earnings | $757,942 |
| Admin Expense | $111,424 |
| Net Contributions | $2,421,337 |
| Other Expense | $7,867 |
| Grants | $1,720,158 |
| Ending Balance | $9,946,131 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Martin Iberia Lafayette Parishes Community Action Agency Lafayette, LA | $1,628,921 | $19,226,376 |
El Paso Community Action Program Project Bravo Inc El Paso, TX | $2,433,349 | $16,653,742 |
Abilene Improvement Corporation Abilene, TX | $4,300,132 | $16,087,347 |
Waterloo Greenway Conservancy Austin, TX | $14,294,713 | $19,654,960 |
Avance Inc San Antonio, TX | $3,341,095 | $14,922,059 |
Northwest Arkansas Council Foundation Springdale, AR | $9,473,428 | $13,530,717 |
First Colony Community Services Association Inc Sugar Land, TX | $19,403,817 | $10,458,068 |
Community Council Of South Central Seguin, TX | $2,045,180 | $10,473,350 |
Downtown Dallas Inc Dallas, TX | $7,773,347 | $10,211,090 |
Lakewest Revitalization Foundation Inc Dallas, TX | $0 | $14,279 |
Mid-Delta Community Services Inc Helena, AR | $2,889,498 | $10,056,138 |
Communities Unlimited Inc Fayetteville, AR | $26,843,803 | $9,936,122 |