Fort Worth Foundation
- Assets
- $491.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 11/1991
- Data as of
- 06/2022
- EIN
- 75-2391886
Organization Overview
Fort Worth Foundation is located in Fort Worth, TX. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth 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 06/2022, Fort Worth Foundation generated $42.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $26.9k during the year ending 06/2022. While expenses have increased by 3.8% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE MISSION OF THE FORT WORTH FOUNDATION IS TO BUILD AN ENDOWMENT FUND, THE EARNINGS OF WHICH WILL BE USED TO SUPPORT LOCAL 501(C)(3) ORGANIZATIONS AND INDIVIDUALS WHO WORK TO IMPROVE THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benita Harper Director | 1 | $0 | |
Tim Brown Director | 1 | $0 | |
Theresa Hocker Director | 1 | $0 | |
David Eason Director | 1 | $0 | |
Bill Moulder Director | 1 | $0 | |
Frank Neal President-Elect | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,940 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $25,516 |
| Gain or Loss | $8,811 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $42,267 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,690 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $26,889 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $491,206 |
| Other assets | $0 |
| Total assets | $491,206 |
| Total liabilities | $0 |
| Net assets or fund balances | $491,206 |