North American Communities Foundation Inc
- Assets
- $2.8m
- Revenue
- $23.5k
- Investments
- $2.6m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/1980
- Data as of
- 12/2022
- EIN
- 59-1987265
Organization Overview
North American Communities Foundation Inc is located in Houston, TX. The organization was established in 1980. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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 American Communities Foundation 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 12/2022, North American Communities Foundation Inc generated $23.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $165.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, North American Communities Foundation Inc has awarded 62 individual grants totaling $317,785. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip O Allen Secretary/trustee | 0.5 | $0 | |
Herbert F Hunter Pc Treasurer/trustee | 0.5 | $0 | |
Robert W Scharar President/trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,500 |
| Interest on Savings | $223 |
| Dividends & Interest | $449 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,357 |
| Capital Gain Net Income | $2,357 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2 |
| Total Revenue | $23,531 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $30 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81,077 |
| Total operating and administrative expenses | $83,531 |
| Contributions, gifts, grants paid | $81,770 |
| Total expenses and disbursements | $165,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$979 |
| 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 | $124,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $414,500 |
| Investments—other | $108,293 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $61,912 |
| Total assets | $2,794,246 |
| 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 | $120,120 |
| Total liabilities | $120,120 |
Grants Awarded
Over the last fiscal year, North American Communities Foundation Inc has awarded $81,770 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AGE ADVANCING GIRLS EDUCATION PURPOSE: CHARITABLE | $9,889 |
HILLSDALE COLLEGE PURPOSE: CHARITABLE | $5,000 |
THE SALVATION ARMY PURPOSE: CHARITABLE | $2,000 |
UNIVERSITY OF FLORIDA PURPOSE: CHARITABLE | $20,000 |
UNITED PENTECOSTAL CHURCH INTERNATIONAL PURPOSE: CHARITABLE | $11,000 |
VARIOUS CHARITABLE ORGANIZATIONS PURPOSE: CHARITABLE | $9,900 |