Fentress Foundation
- Assets
- $0.0
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Waco, TX
- Founding
- 12/1960
- Data as of
- 08/2022
- EIN
- 74-6048267
Organization Overview
Fentress Foundation is located in Waco, TX. The organization was established in 1960. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Fentress 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 08/2022, Fentress Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 51.8% each year . All expenses for the organization totaled $3.4m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fentress Foundation has awarded 115 individual grants totaling $5,138,950. 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
CASH CONTRIBUTION TO COMMUNITY FOUNDATION OF THE TEXAS HILL COUNTRY, ESTABLISH THE FENTRESS-CUMMINGS INITIATIVE FUND AS DONOR-ADVISED FUNDS FOR FUTURE CHARITABLE GIVING.
CASH CONTRIBUTION TO WACO FOUNDATION, ESTABLISH THE EDWARD LEE HUMPHREYS IV FUND AS DONOR-ADVISED FUNDS FOR FUTURE CHARITABLE GIVING.
CASH CONTRIBUTION TO SCHWAB CHARITABLE, ESTABLISH THE LAURIE HUMPHREYS CHARITABLE FUND AS DONOR-ADVISED FUNDS FOR FUTURE CHARITABLE GIVING.
CASH CONTRIBUTION TO COLUMBUS AVENUE BAPTIST CHURCH, PROVIDE ONGOING OPERATIONAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corky Cummings Pres/sec/treas | 0 | $0 | |
Sierra Grande Investment Manager | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $16,425 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,202,482 |
| Capital Gain Net Income | $1,202,482 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $86 |
| Total Revenue | $1,218,998 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,102 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,599 |
| Total operating and administrative expenses | $108,759 |
| Contributions, gifts, grants paid | $3,285,000 |
| Total expenses and disbursements | $3,393,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $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 | $0 |
| 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, Fentress Foundation has awarded $3,285,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBUS AVENUE BAPTIST CHURCH PURPOSE: OPERATIONAL SUPPORT | $30,000 |
COMMUNITY FOUNDATION OF THE TEXAS HILL COUNTRY PURPOSE: ESTABLISH THE FENTRESS-CUMMINGS INITIATIVE FUND | $1,080,000 |
HISTORIC WACO FOUNDATION PURPOSE: OPERATIONAL SUPPORT | $15,000 |
WACO FOUNDATION PURPOSE: ESTABLISH THE EDWARD LEE HUMPHREYS IV FUND | $1,080,000 |
SCHWAB CHARITABLE PURPOSE: ESTABLISH THE LAURIE HUMPHREYS CHARITABLE FUND | $1,080,000 |