Texas Bankers Foundation
- Assets
- $362.2k
- Revenue
- $148.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 07/1991
- Data as of
- 05/2024
- EIN
- 74-2602147
Organization Overview
Texas Bankers Foundation is located in Austin, TX. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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 Bankers 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 05/2024, Texas Bankers Foundation generated $148.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $128.3k during the year ending 05/2024. While expenses have increased by 10.9% per year over the past 9 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.
Since 2015, Texas Bankers Foundation has awarded 914 individual grants totaling $3,268,104. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL LITERACY - TO PROMOTE AND ENCOURAGE BANKS AND BANKERS TO PROVIDE FINANCIAL EDUCATION THROUGHOUT THE STATE OF TEXAS.
SCHOLARSHIP PROGRAM - TO ENCOURAGE AND PROMOTE EXCELLENCE IN THE FIELD OF BANKING AND FINANCE, THE FOUNDATION PROVIDES SCHOLARSHIPS TO DESERVING TEXAS BANKERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hazel Davis Cerp Crcm Chair | 1 | $0 | |
Barbra Boeta Director | 1 | $0 | |
Reid Winger Director | 1 | $0 | |
Joseph N Sayklay Director | 1 | $0 | |
Bowden Jones Jr Director | 1 | $0 | |
Antonio Delgado III Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $127,980 |
| Interest on Savings | $4,753 |
| 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 | $16,000 |
| Total Revenue | $148,733 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,077 |
| Other expenses | $35,697 |
| Total operating and administrative expenses | $46,974 |
| Contributions, gifts, grants paid | $81,333 |
| Total expenses and disbursements | $128,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,595 |
| Savings and temporary cash investments | $150,775 |
| 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 | $850 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $362,220 |
| Accounts payable and accrued expenses | $33,775 |
| 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 | $33,775 |
Grants Awarded
Over the last fiscal year, Texas Bankers Foundation has awarded $81,333 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF MIDDLE TENNESSEE PURPOSE: TENNESSEE BANKERS DISASTER RELIEF | $500 |
HAWAI'I COMMUNITY FOUNDATION PURPOSE: HAWAII FIRE RELIEF | $1,000 |
ABA VERMONT FLOOD RELIEF EFFORTS PURPOSE: VERMONT FLOODING RELIEF | $1,000 |
AMARILLO AREA FOUNDATION PURPOSE: PERRYTON TORNADO | $2,000 |
AMARILLO AREA FOUNDATION PURPOSE: PANHANDLE WILDFIRE RELIEF 2024 | $10,000 |
SAM HOUSTON STATE UNIVERSITY PURPOSE: SCHOLARSHIP - R ROJAS 2024 | $500 |