Quality Of Life Foundation Of Austin Inc
- Assets
- $1.1k
- Revenue
- $295.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 02/1986
- Data as of
- 12/2023
- EIN
- 74-2394827
Organization Overview
Quality Of Life Foundation Of Austin Inc is located in Austin, TX. The organization was established in 1986. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Quality Of Life Foundation Of Austin 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 12/2023, Quality Of Life Foundation Of Austin Inc generated $295.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $810.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Quality Of Life Foundation Of Austin Inc has awarded 11 individual grants totaling $3,352,639. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PURPOSES INCLUDE, BUT ARE NOT LIMITED TO, THE SUPPORT OF CULTURAL, HISTORICAL, RESEARCH, CONSERVATION, ENVIRONMENTAL, BEAUTIFICATION, AND GENERAL COMMUNITY DEVELOPMENT ACTIVITIES BENEFITING THE CITY OF AUSTIN, THE STATE OF TEXAS, OR THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTED REGIONAL STRATEGIES TO IMPROVE EDUCATIONAL ATTAINMENT, REDUCE POVERTY, INCREASE EMPLOYMENT, AND ENHANCE ECONOMIC OPPORTUNITY FOR FAMILIES IN CENTRAL TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Martin President | OfficerTrustee | 0.25 | $0 |
Ali Khataw Vp/secretary | OfficerTrustee | 0.25 | $0 |
Rudy Garza Treasurer | OfficerTrustee | 0.25 | $0 |
Karen Kennard Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $13,458 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,090 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $295,548 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $295,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $642,035 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,025 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $35,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $809,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,057 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,057 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,057 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,057 |
Grants Awarded
Over the last fiscal year, Quality Of Life Foundation Of Austin Inc has awarded $633,677 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL TEXAS QUALITY OF LIFE PURPOSE: Education initiatives | $51,475 |
GREATER AUSTIN ECON DEV CORP PURPOSE: Education Initiatives | $176,702 |
MAKE IT MOVEMENT INC PURPOSE: Education Initiatives | $405,500 |