East Texas Communties Foundation Inc

Organization Overview

East Texas Communties Foundation Inc is located in Tyler, TX. The organization was established in 1990. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, East Texas Communties Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Texas Communties 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 12/2021, East Texas Communties Foundation Inc generated $26.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $15.2m during the year ending 12/2021. While expenses have increased by 13.6% 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, East Texas Communties Foundation Inc has awarded 1,271 individual grants totaling $65,926,882. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

PHILANTHROPY BUILDS COMMUNITY AND CHANGES LIVES. EAST TEXAS COMMUNITIES FOUNDATION SUPPORTS PHILANTHROPY BY OFFERING SIMPLE WAYS FOR DONORS TO ACHIEVE THEIR CHARITABLE GOALS. ETCF MANAGES AND DISTRIBUTES CHARITABLE FUNDS INCLUDING SCHOLARSHIPS, ENDOWMENTS, DESIGNATED AND DONOR-ADVISED FUNDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS (SCHEDULE ATTACHED) DISTRIBUTED TO LOCAL, NATIONAL, AND INTERNATIONAL NON-PROFIT ORGANIZATIONS TO FURTHER THEIR CHARITABLE MISSIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Kyle L Penney
President
$177,368
Marvin L Sneed
Finance Director
$117,509
Shannon Glenney
V Chr/govn Chr
$0
Tony Morgan
Past Chairman
$0
John Jones
Treasurer
$0
Tiffany Kirgan
Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$686,843
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$15,651,099
Noncash contributions included in lines 1a–1f $4,541,602
Total Revenue from Contributions, Gifts, Grants & Similar$16,337,942
Total Program Service Revenue$0
Investment income $2,648,441
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,764,858
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $26,912,059

Grants Awarded

Over the last fiscal year, East Texas Communties Foundation Inc has awarded $12,236,516 in support to 230 organizations.

Grant RecipientAmount

Gainesville, FL

PURPOSE: Research

$1,500,000

FIRST PRESBYTERIAN CHURCH OF

PURPOSE: GENERAL SUPPORT

$1,022,100

Mountain View, CA

PURPOSE: Educational

$1,001,000

UT TYLER OFFICE OF ADVANCEMEN

PURPOSE: General support,

$809,707

NW UNIV-FEINBERG SCH OF MEDIC

Org PageRecipient Profile

Evanston, IL

PURPOSE: Disease/Disorder

$500,000

ST PAUL LUTHERAN CHURCH

Org PageRecipient Profile

Saint Joseph, MO

PURPOSE: GENERAL SUPPORT

$452,428
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that East Texas Communties Foundation Inc has recieved totaling $5,276.

Awarding OrganizationAmount
James I Perkins Family Foundation

Tyler, TX

PURPOSE: COMMUNITY ENRICHMENT

$5,276
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$81,811,330
Earnings$8,151,807
Admin Expense-$639,722
Net Contributions$5,236,039
Grants-$4,794,281
Ending Balance$89,765,173

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