Don & Sybil Harrington Foundation
- Assets
- $137.6m
- Revenue
- $21.7m
- Investments
- $30.3m
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 11/1971
- Data as of
- 12/2021
- EIN
- 75-1336604
Organization Overview
Don & Sybil Harrington Foundation is located in Amarillo, TX. The organization was established in 1971. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Don & Sybil Harrington 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 12/2021, Don & Sybil Harrington Foundation generated $21.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $10.8m during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 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 2014, Don & Sybil Harrington Foundation has awarded 189 individual grants totaling $26,000,007. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ORGANIZATION OF AMARILLO AREA FOUNDATION, INC. MEETING CHARITABLE NEEDS THROUGH DISCRETIONARY GRANTS TO 501(C)(3) NONPROFIT ORGANIZATIONS LOCATED THROUGHOUT THE TEXAS PANHANDLE.
Describe the Organization's Program Activity:
MEETING CHARITABLE NEEDS THROUGH DISCRETIONARY GRANTS TO 501(C)(3) NONPROFIT ORGANIZATIONS LOCATED THROUGHOUT THE TEXAS PANHANDLE.
DISTRIBUTION OF 24.55% OF NET INCOME TO 15 DESIGNATED 501(C)(3) NONPROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Henke Chair | OfficerTrustee | 1 | $0 |
Vanessa Buzzard Secretary/tr | OfficerTrustee | 1 | $0 |
Paul Clark Vice Chair | OfficerTrustee | 1 | $0 |
David Hurtt Assistant Se | Officer | 20 | $0 |
Clay Stribling President & | Officer | 20 | $0 |
Richard Ware II Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $39,600 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,610 |
| Total Program Service Revenue | $0 |
| Investment income | $554,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,206,757 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,691,315 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,815,923 |
| 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 | $1,434,966 |
| 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 | $542,680 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $39,650 |
| Total functional expenses | $10,833,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,023,065 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,724,078 |
| 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 | $96,506,326 |
| Investments—other securities | $30,318,813 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,874 |
| Total assets | $137,610,156 |
| Accounts payable and accrued expenses | $115,835 |
| Grants payable | $3,338,072 |
| 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 | $250,017 |
| Total liabilities | $3,703,924 |
| Net assets without donor restrictions | $128,906,232 |
| Net assets with donor restrictions | $5,000,000 |
| 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 | $137,610,156 |
Grants Awarded
Over the last fiscal year, Don & Sybil Harrington Foundation has awarded $8,609,163 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Amarillo, TX PURPOSE: CAPITAL SUPPORT | $6,316,000 |
Amarillo, TX PURPOSE: GENERAL SUPPORT | $806,930 |
Lubbock, TX PURPOSE: PROGRAM SUPPORT | $200,000 |
Amarillo, TX PURPOSE: CAPITAL SUPPORT | $165,000 |
CITY OF CLAUDE PURPOSE: CAPITAL SUPPORT | $150,000 |
Amarillo, TX PURPOSE: CAPITAL SUPPORT | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Don & Sybil Harrington Foundation has recieved totaling $39,600.
| Awarding Organization | Amount |
|---|---|
Amarillo Area Foundation Inc Amarillo, TX PURPOSE: GENERAL SUPPORT | $39,600 |
Endowment Analysis
| Beg. Balance | $12,784,152 |
| Earnings | $1,963,527 |
| Admin Expense | $11,774 |
| Grants | $50,000 |
| Ending Balance | $14,685,905 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leta Mcfarlin Chapman Memorial Tr Tulsa, OK | $288,782,253 | $9,376,594 |
Nancy Ann Hunt Foundation Dallas, TX | $31,623,544 | $3,101,295 |
Don & Sybil Harrington Foundation Amarillo, TX | $137,610,156 | $21,691,315 |
John G Kenedy Jr Charitable Trust San Antonio, TX | $156,709,366 | $16,142,301 |
Bnsf Foundation Fort Worth, TX | $5,580,534 | $10,145,505 |
Walter S & Evan C Jones Trust Bank Iv Kansas Na Ttee Dallas, TX | $63,158,301 | $11,519,606 |
Thomas M & Helen Mckee & John P Ryan Foundation Inc Fort Worth, TX | $135,188,288 | $6,250,331 |
Charles G Woodward Tr Uw Dallas, TX | $129,576,152 | $18,439,245 |
John G Kenedy Jr Charitable Tr -Surface Estate Tr San Antonio, TX | $47,111,872 | $10,559,440 |
Mccombs Enterprises Flexible Benefit Cafeteria Plan & Trust San Antonio, TX | $5,330,904 | $6,919,349 |
J A & Leta M Chapman Tr 10267 Tulsa, OK | $125,788,673 | $4,652,723 |
David M Crowley Foundation Dallas, TX | $161,428,863 | $16,560,741 |