Texas Pioneer Foundation
- Assets
- $65.1m
- Revenue
- $2.8m
- Investments
- $64.6m
- Employees
- 0
- Location
- Texarkana, TX
- Founding
- 01/1980
- Data as of
- 06/2024
- EIN
- 74-1966306
Organization Overview
Texas Pioneer Foundation is located in Texarkana, TX. The organization was established in 1980. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Pioneer 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 06/2024, Texas Pioneer Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $3.5m during the year ending 06/2024. While expenses have increased by 2.2% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS EDUCATION FOUNDATION NETWORK SUPPORTS SCHOOL FOUNDATIONS IN TEXAS, PROVIDES NETWORKING OPPORTUNITIES, SHARES BEST PRACTICES, AND PROVIDES TRAINING & RESOURCES NEEDED FOR FOUNDATIONS TO BE SUCCESSFUL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Markham President | 40 | $218,725 | |
Cliff Bandy Vice President | 1 | $2,000 | |
Dick Cummins Vice President | 1 | $2,000 | |
Margaret Lindsey Sec/treasurer | 1 | $2,000 | |
Katie Andrus Director | 1 | $2,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan | 6/29/21 | $253,335 |
Foundation Innovation Llc | 6/29/21 | $121,799 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,853,486 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $909,072 |
| Capital Gain Net Income | $909,072 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,762,558 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $226,725 |
| Other employee salaries and wages | $151,625 |
| Pension plans, employee benefits | $49,628 |
| Interest | $0 |
| Taxes | $90,551 |
| Depreciation | $2,716 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,188 |
| Printing and publications | $0 |
| Other expenses | $439,665 |
| Total operating and administrative expenses | $1,289,722 |
| Contributions, gifts, grants paid | $2,176,955 |
| Total expenses and disbursements | $3,466,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,943 |
| Savings and temporary cash investments | $483,171 |
| 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 | $48,706,396 |
| Net Land, buildings, and equipment | $6,700 |
| Other assets | $1,681 |
| Total assets | $65,149,520 |
| Accounts payable and accrued expenses | $565 |
| 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 | $565 |