Majestic Ranch Arts Foundation
- Assets
- $467.8k
- Revenue
- $2.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Boerne, TX
- Founding
- 04/1977
- Data as of
- 03/2023
- EIN
- 74-1908420
Organization Overview
Majestic Ranch Arts Foundation is located in Boerne, TX. The organization was established in 1977. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Majestic Ranch Arts 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 03/2023, Majestic Ranch Arts Foundation generated $2.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (37.1%) each year. All expenses for the organization totaled $123.9k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Majestic Ranch Arts Foundation has awarded 62 individual grants totaling $712,231. 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
HILL COUNTRY ARTS FOUNDATIONTO PROVIDE ART SUPPLIES FOR WORKSHOPS
HILL COUNTRY COUNCIL FOR THE ARTS/BOERNE VILLAGE BANDTO PROVIDE ART SUPPLIES FOR WORKSHOPS ALONG WITH PROVIDING FUNDS TO SUPPORT PERFORMERS AND ANNIVERSARY CD PRODUCTION
CIBOLO CREEK QUILTERS GUILDTO PROVIDE SUPPORT TO PAY FOR INSTRUCTORS FOR A ONE-DAY WORKSHOP FOR THE PUBLIC
HILL COUNTRY TURNERS CLUBTO PROVIDE FUNDS TO PURCHASE A LATHE, PAY FOR ELECTRICAL WORK AND INSTRUCTOR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Jones Director | 2 | $0 | |
Merle S Olson PHD Chairman & President | 8 | $0 | |
Maridean Jones Vice President | 2 | $0 | |
John Sherman Treasurer | 1 | $0 | |
Debra L Pierce Secretary | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,662 |
| 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 | $2,662 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,706 |
| Interest | $0 |
| Taxes | $11 |
| Depreciation | $0 |
| Occupancy | $1,738 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,592 |
| Total operating and administrative expenses | $74,472 |
| Contributions, gifts, grants paid | $49,462 |
| Total expenses and disbursements | $123,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,659 |
| Savings and temporary cash investments | $453,185 |
| 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 | $467,844 |
| 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, Majestic Ranch Arts Foundation has awarded $49,462 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HILL COUNTRY ARTS FOUNDATION PURPOSE: YOUTH PROGRAM EQUIPMENT | $4,959 |
KERR ARTS AND CULTURE PURPOSE: PROVIDE FUNDS FOR FURNITURE ART SHOW | $7,750 |
HILL COUNTRY COUNCIL FOR THE ARTS PURPOSE: PROVIDE FUNDS FOR ART SUPPLIES AND CONSTRUCTION OF CLASSROOM SPACE | $36,753 |