Form 990 for tax year 2023

Totals

Total revenue

$7,999,583

Total expenses

$4,281,352

Contributions and grants received

$42,028

Grants paid

$2,634,000

Program service revenue

$0

Investment income

$7,767,011

Other revenue

$190,544

Total assets, end of year

$118,816,893

Total liabilities, end of year

$203,023

Net assets or fund balances, end of year

$118,613,870

Program services expenses (Part IX)

$4,281,352

Management and general expenses

$0

Fundraising expenses

$0

Program service expenses (Part III)

$4,281,352

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• MEETING CHARITABLE NEEDS THROUGH DISCRETIONARY GRANTS TO 501(C)(3) NONPROFIT ORGANIZATIONS LOCATED THROUGHOUT THE TEXAS PANHANDLE.

  Expenses $3,981,352 · Grants $2,334,000

• DISTRIBUTION OF 24.55% OF NET INCOME TO 15 DESIGNATED 501(C)(3) NONPROFIT ORGANIZATIONS.

  Expenses $300,000 · Grants $300,000

As filed on the 2023 return.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• AMARILLO AREA FOUNDATION INC

  $559,000

  GENERAL SUPPORT

• MEADOWS MENTAL HEALTH POLICY INSTITUTE FOR TEXAS

  $340,000

  PROGRAM SUPPORT

• FAITH CITY MISSION

  $275,000

  CAPITAL SUPPORT

• WEST TEXAS A&M UNIVERSITY FOUNDATION

  $200,000

  PROGRAM SUPPORT

• HEMPHILL COUNTY HOSPITAL DISTRICT

  $160,000

  PROGRAM SUPPORT

• FRANK PHILLIPS COLLEGE

  $150,000

  PROGRAM SUPPORT

• AMARILLO WESLEY COMMUNITY CENTER

  $100,000

  CAPITAL SUPPORT

• BAPTIST COMMUNITY SERVICES

  $100,000

  GENERAL SUPPORT

• STORYBRIDGE INC

  $100,000

  GENERAL SUPPORT

• DON HARRINGTON DISCOVERY CENTER

  $83,528

  GENERAL SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• AMARILLO AREA FOUNDATION INC

  501C3 · COMMUNITY · TX

• CITADELLE ART FOUNDATION

  501C3 · ART MUSEUM · TX

• AAF COMMUNITY HEALTH FOUNDATION

  501C3 · HEALTH CARE · TX

• DECOURSEY PROPERTIES

  501C3 · REAL ESTATE PROPERTY · TX

Provenance

Return type

form_990

Tax year

2023

Filed

7 November 2024

IRS schema version

2023v5.1

Source object

202413189349304401

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.