Overview
What is Amarillo Area Foundation Inc?
Amarillo Area Foundation Inc is a community foundation based in Amarillo, Texas, functioning as a public charity. Their primary mission is to enhance the quality of life in the Texas Panhandle region through strategic philanthropic initiatives. The organization receives grant applications from local charitable organizations and, after thorough research and approval, distributes funds accordingly. With a team of 26 employees, Amarillo Area Foundation Inc is dedicated to making a significant impact in their community.
Official website here: www.amarilloareafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
The Amarillo Area Foundation Inc has received a strong Four-Star rating from Charity Navigator, demonstrating a high level of accountability and financial health. With a score of 96%, the organization excels particularly in its financial management, achieving a nearly perfect score in accountability and finance. Its independent board members and effective oversight practices contribute to its solid fiscal stability, with a program expense ratio of 87.61%, indicating a strong commitment to its mission-driven activities.
The organization also shows an impressive performance in culture and community engagement, with a score of 91%. Feedback from constituents has been overwhelmingly positive, with the foundation effectively collecting and utilizing this input to improve its services. This responsiveness highlights their commitment to community needs and inclusivity in decision-making processes.
However, there are some areas for improvement regarding equity strategies, evidenced by lower scores in certain equity policies and processes. While the foundation shows strong data collection efforts, there is room to enhance the implementation of equity-related practices within the organization. Overall, the Amarillo Area Foundation Inc demonstrates a robust operational framework while continuing to strive for greater inclusivity and equity.
This AI summary has been generated from information found on Charity Navigator.
Is Amarillo Area Foundation Inc legitimate?
Amarillo Area Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Amarillo Area Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $452,731
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,536,088
For more financial information, click here
Official website here: www.amarilloareafoundation.org
What is the mission statement of Amarillo Area Foundation Inc?
The Amarillo Area Foundation Inc operates as a public charity, dedicated to enhancing the quality of life in the Texas Panhandle region through successful philanthropic efforts. The foundation's mission is geared towards making a positive impact in the community by reviewing grant applications from local charitable organizations and distributing funds after careful consideration. By providing financial support, the foundation aims to foster development and improve various aspects of life in the Texas Panhandle.
Official website here: www.amarilloareafoundation.org
Who is the CEO of Amarillo Area Foundation Inc?
Clay Stribling is the CEO of Amarillo Area Foundation Inc The CEO's salary of Amarillo Area Foundation Inc is $246,329 and their total compensation is $293,534.
Official website here: www.amarilloareafoundation.org
What is the revenue of Amarillo Area Foundation Inc?
Amarillo Area Foundation Inc's revenue in 2023 was $23,424,883.
Official website here: www.amarilloareafoundation.org
Who are the executives of Amarillo Area Foundation Inc and what are their salaries?
The average compensation at Amarillo Area Foundation Inc during 2023 was $82,867. There are 24 employees and 75 volunteers at Amarillo Area Foundation Inc.
Here are 30 key members and their salaries (Amarillo Area Foundation Inc's CEO's salary is $246,329 and their total compensation is $293,534):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $246,329
- Related: $0
- Other: $47,205
- Compensation: $129,703
- Related: $0
- Other: $33,744
- Compensation: $145,206
- Related: $0
- Other: $29,043
- Compensation: $118,618
- Related: $0
- Other: $13,966
- Compensation: $122,313
- Related: $0
- Other: $22,819
Official website here: www.amarilloareafoundation.org
Where can I find the form 990 for Amarillo Area Foundation Inc?
Amarillo Area Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.amarilloareafoundation.org
Learn more at the official website: www.amarilloareafoundation.org
Mission Statement of Amarillo Area Foundation Inc
The Amarillo Area Foundation Inc, a community foundation functioning as a public charity, is dedicated to enhancing the livability of the Texas Panhandle through strategic philanthropic initiatives. This organization strives to make a positive impact on the community by approving and distributing grants to local charities.
The Amarillo Area Foundation Inc's mission is centered around improving the overall quality of life in the Texas Panhandle region. It achieves this by distributing funds to deserving organizations following a rigorous research and approval process. The foundation's grants are geared towards addressing the various needs of the community, ensuring a more thriving and vibrant Panhandle area for all its residents.
In essence, the Amarillo Area Foundation Inc serves as a vital connector between generous donors and deserving local causes. By carefully vetting grant applications, the foundation plays a crucial role in channeling resources to charitable organizations that have the potential to create meaningful and lasting change within the Texas Panhandle community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Amarillo Area Foundation Inc significantly enhances the quality of life in the Texas Panhandle through targeted philanthropic efforts. By receiving grant applications from various charitable organizations in the region, it assesses and approves funding based on thorough research, ensuring that resources are allocated effectively. This process not only supports local initiatives but also fosters a collaborative spirit among organizations, enabling them to address community needs more efficiently. The foundation's commitment to improving lives empowers communities, strengthens social bonds, and promotes sustainable development across the Texas Panhandle.
This information is meant to be a general summary of Amarillo Area Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,849,289
- Program Service Revenue: $1,280,186
- Gross Receipts: $61,787,161
Assets and Liabilities:
- Total Assets: $152,569,192
- Total Liabilities: $14,185,263
- Net Assets: $138,383,929
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$1,280,186
Organization Details
Founding Year
1957
Principal Officer
Clay Stribling
NTEE Category
Code: T30 - Philanthropy
If you are a representative of Amarillo Area Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.