South Plains Foundation
- Assets
- $4.5m
- Revenue
- $312.9k
- Investments
- $4.3m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 01/1990
- Data as of
- 06/2018
- EIN
- 75-2294100
Organization Overview
South Plains Foundation is located in Lubbock, TX. The organization was established in 1990. 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.
For the year ending 06/2018, South Plains Foundation generated $312.9k in total revenue. All expenses for the organization totaled $360.7k during the year ending 06/2018.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Hudson Exec Dir | 30 | $19,800 | |
Sandy Ogletree Member | 0 | $0 | |
Bill Miller President | 0 | $0 | |
Karen Worley Vice President | 0 | $0 | |
Max Ince Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,153 |
| Dividends & Interest | $101,604 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $209,155 |
| Capital Gain Net Income | $209,155 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $312,912 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,515 |
| Interest | $0 |
| Taxes | $1,132 |
| Depreciation | $188 |
| Occupancy | $1,920 |
| Travel, conferences, and meetings | $8,972 |
| Printing and publications | $144 |
| Other expenses | $10,167 |
| Total operating and administrative expenses | $76,960 |
| Contributions, gifts, grants paid | $283,704 |
| Total expenses and disbursements | $360,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,532 |
| Savings and temporary cash investments | $166,779 |
| 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 | $4,861 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,069,234 |
| Net Land, buildings, and equipment | $657 |
| Other assets | $0 |
| Total assets | $4,464,437 |
| Accounts payable and accrued expenses | $437 |
| 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 | $437 |
Grants Awarded
Over the last fiscal year, South Plains Foundation has awarded $283,704 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
BUCKNER CHILDREN & FAMILY SERVICES PURPOSE: ASSISTANCE FOR SINGLE MOTHERS | $10,000 |
COMMUNITY FOUNDATION OF WEST TEXAS PURPOSE: TEACHER GRANTS | $20,000 |
CARILLON PURPOSE: DONATION FOR USE OF CONFERENCE ROOM | $5,000 |
CASA PURPOSE: PHONE AND INTERNET SERVICES | $10,000 |
EARLY LEARNING CENTER PURPOSE: LANGUAGE/LITERACY TRAINING | $10,000 |
COMMUNITY HEALTH CENTER OF LUBBOCK PURPOSE: DONATION | $10,000 |