Amarillo Area Foundation Inc

Organization Overview

Amarillo Area Foundation Inc is located in Amarillo, TX. The organization was established in 1960. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Amarillo Area Foundation Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amarillo Area Foundation 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 12/2020, Amarillo Area Foundation Inc generated $11.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $13.8m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Amarillo Area Foundation Inc has awarded 1,040 individual grants totaling $56,727,349. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

A COMMUNITY FOUNDATION OPERATING AS A PUBLIC CHARITY, WITH A MISSION TO IMPROVE THE QUALITY OF LIFE IN THE TEXAS PANHANDLE THROUGH EFFECTIVE PHILANTHROPIC EFFORTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTION PROGRAM - GRANT REQUEST APPLICATIONS ARE RECEIVED FROM CHARITABLE ORGANIZATIONS OF THE TEXAS PANHANDLE AREA. AFTER BEING RESEARCHED AND APPROVED, DISTRIBUTIONS ARE MADE.


SCHOLARSHIP PROGRAM - APPLICATIONS ARE RECEIVED FROM AREA HIGH SCHOOL AND COLLEGE STUDENTS. A COMMITTEE THEN REVIEWS THE APPLICATIONS AND BOARD APPROVED SCHOLARSHIPS ARE AWARDED ACCORDINGLY.


PROGRAM MANAGEMENT - STAFF TIME AND RESOURCES ARE USED FOR MANAGEMENT OF THE GRANT AND SCHOLARSHIP PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Clay Stribling
President &
$222,408
David Hurtt
Asst.sec/vp
$113,420
Keralee Clay
VP Of Operat
$111,086
Lara Escobar
VP Of Com.in
$103,420
Paul Clark
Chair
$0
Vanessa Buzzard
1st Vice Cha
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$158,394
Fundraising events$0
Related organizations$2,057,100
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,183,210
Noncash contributions included in lines 1a–1f $147,942
Total Revenue from Contributions, Gifts, Grants & Similar$9,398,704
Total Program Service Revenue$1,217,788
Investment income $1,150,815
Tax Exempt Bond Proceeds $0
Royalties $86,963
Net Rental Income $0
Net Gain/Loss on Asset Sales -$687,906
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,027,021

Grants Awarded

Over the last fiscal year, Amarillo Area Foundation Inc has awarded $9,581,432 in support to 183 organizations.

Grant RecipientAmount

CITADELLE ART FOUNDATION

Org PageRecipient Profile

Canadian, TX

PURPOSE: GENERAL SUPPORT

$463,937

WEST TEXAS A&M UNIVERSITY FOUNDATIO

Org PageRecipient Profile

Canyon, TX

PURPOSE: CAPITAL SUPPORT

$404,323

AMARILLO COLLEGE FOUNDATION

Org PageRecipient Profile

Amarillo, TX

PURPOSE: STUDENT AID

$323,790

GUYON SAUNDERS RESOURCE CENTER

Org PageRecipient Profile

Amarillo, TX

PURPOSE: GENERAL SUPPORT

$292,429

HEAL THE CITY FREE CLINIC

Org PageRecipient Profile

Amarillo, TX

PURPOSE: GENERAL SUPPORT

$271,177

DOVE CREEK EQUINE RESCUE & SANCTUAR

Org PageRecipient Profile

Canyon, TX

PURPOSE: GENERAL SUPPORT

$248,909
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Amarillo Area Foundation Inc has recieved totaling $28,990.

Awarding OrganizationAmount
Dale & Joan Coleman Charitable Trust

Amarillo, TX

PURPOSE: FBO COLLINGSWORTH COUNTY HIST MUSEUM

$28,990
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$60,912
Earnings$967
Other Expense$61,879

Peer Organizations

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