North Texas Ace Foundation
- Assets
- $360.1k
- Revenue
- $53.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Wylie, TX
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-4365185
Organization Overview
North Texas Ace Foundation is located in Wylie, TX. The organization was established in 2014. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. North Texas Ace 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, North Texas Ace Foundation generated $53.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $745.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, North Texas Ace Foundation has awarded 28 individual grants totaling $2,983,703. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE HUMAN HEALTHCARE AND ANIMAL WELFARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber James Executive Director | 5 | $11,500 | |
J Alexander Geesbreght Director/treasurer | 0.25 | $0 | |
Carey E Geesbreght Director/secretary | 0.25 | $0 | |
A Compton Broders III Director/president | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $53,003 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $908 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,705 |
| Total operating and administrative expenses | $26,066 |
| Contributions, gifts, grants paid | $719,662 |
| Total expenses and disbursements | $745,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,126 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $360,126 |
| Accounts payable and accrued expenses | $77 |
| 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 | $77 |
Grants Awarded
Over the last fiscal year, North Texas Ace Foundation has awarded $719,662 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
METHODIST FOUNDATION PURPOSE: GENERAL SUPPORT | $666,666 |
PARKLAND FOUNDATION PURPOSE: GENERAL SUPPORT | $52,996 |