Texas Panhandle Heritage Foundation Inc
- Assets
- $2.9m
- Revenue
- $2.8m
- Investments
- $509.6k
- Employees
- 10
- Location
- Canyon, TX
- Founding
- 03/1962
- Data as of
- 09/2021
- EIN
- 75-1083514
Organization Overview
Texas Panhandle Heritage Foundation Inc is located in Canyon, TX. The organization was established in 1962. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Texas Panhandle Heritage Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Panhandle Heritage 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 09/2021, Texas Panhandle Heritage Foundation Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.4m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRODUCE THE MUSICAL DRAMA "TEXAS" IN PALO DURO CANYON STATE PARK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE, RECORD AND RECREATE THE STORY OF THE HISTORY OF THE PIONEERS OF THE TEXAS PANHANDLE BY THE PRODUCTION OF A MUSICAL DRAMA IN THE OUTDOOR THEATRE LOCATED IN PALO DURO CANYON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Hodges Chair | OfficerTrustee | 5 | $0 |
Marsha Clements Vice Chair | OfficerTrustee | 5 | $0 |
Karen Harbaugh Treasurer | OfficerTrustee | 5 | $0 |
Karen Corea Secretary | OfficerTrustee | 5 | $0 |
Berklee Clements Director | Trustee | 1 | $0 |
Charles Starnes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,472 |
| Fundraising events | $3,798 |
| Related organizations | $0 |
| Government grants | $840,541 |
| All other contributions, gifts, grants, and similar amounts not included above | $395,971 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,250,782 |
| Total Program Service Revenue | $1,577,941 |
| Investment income | $11,868 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,260 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $114 |
| Net Income from Fundraising Events | -$15,366 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,832,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,944 |
| 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 | $629,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,598 |
| Payroll taxes | $52,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,277 |
| Fees for services: Other | $0 |
| Advertising and promotion | $61,064 |
| Office expenses | $7,942 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,192 |
| Travel | $5,546 |
| 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 | $107,529 |
| Insurance | $99,486 |
| All other expenses | $116,391 |
| Total functional expenses | $1,382,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,396,134 |
| Savings and temporary cash investments | $84,031 |
| Pledges and grants receivable | $412 |
| 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 | $35,812 |
| Prepaid expenses and deferred charges | $12,776 |
| Net Land, buildings, and equipment | $837,562 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $509,649 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,876,376 |
| Accounts payable and accrued expenses | $6,596 |
| Grants payable | $0 |
| Deferred revenue | $35,291 |
| 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 | $41,887 |
| Net assets without donor restrictions | $2,294,086 |
| Net assets with donor restrictions | $540,403 |
| 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 | $2,876,376 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Texas Panhandle Heritage Foundation Inc has recieved totaling $86,048.
| Awarding Organization | Amount |
|---|---|
Don & Sybil Harrington Foundation Amarillo, TX PURPOSE: OPERATION SUPPORT | $50,000 |
Amarillo Area Foundation Inc Amarillo, TX PURPOSE: GENERAL SUPPORT | $14,998 |
Dr Kent Roberts And Ilene Roberts Balliett Foundation Amarillo, TX PURPOSE: OPERATIONAL EXPENDITURE | $10,000 |
Josephine Anderson Charitable Trust Amarillo, TX PURPOSE: OPERATING | $10,000 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Endowment Analysis
| Beg. Balance | $455,110 |
| Earnings | $87,053 |
| Admin Expense | $3,512 |
| Other Expense | $29,000 |
| Ending Balance | $509,651 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Galveston Historical Foundation Inc Galveston, TX | $33,194,723 | $16,815,449 |
Oklahoma Hall Of Fame Inc Oklahoma City, OK | $15,367,222 | $1,723,507 |
Mamie Mcfaddin Ward Heritage Foundation Beaumont, TX | $39,179,042 | $6,717,900 |
San Antonio Conservation Society San Antonio, TX | $5,466,281 | $1,168,192 |
Texas State Historical Association Austin, TX | $3,131,063 | $1,524,927 |
Friends Of The Texas Historical Commission Inc Austin, TX | $2,566,548 | $1,192,867 |
Texas Panhandle Heritage Foundation Inc Canyon, TX | $2,876,376 | $2,832,442 |
Corpus Christi Area Heritage Society Corpus Christi, TX | $1 | $1,500 |
Dallas Historical Society Hall Of State Fair Park Dallas, TX | $2,271,425 | $1,532,505 |
Cherokee National Historical Society Inc Tahlequah, OK | $2,426,107 | $954,302 |
River Road Historical Society Destrehan, LA | $8,368,126 | $1,410,629 |
Tulsa Historical Society Tulsa, OK | $8,618,832 | $802,922 |