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Amarillo Area Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 750978220 ✦ Amarillo, TX ✦ Designated as a 501(c)(3)

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

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.

Here are some key statistics you may want to consider:

Executive Compensation: $430,585
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,462,393

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 Chair of Amarillo Area Foundation Inc. The CEO's salary of Amarillo Area Foundation Inc is $233,077 and their total compensation is $277,808.


Official website here: www.amarilloareafoundation.org

What is the revenue of Amarillo Area Foundation Inc?

Amarillo Area Foundation Inc's revenue in 2022 was $28,347,458.


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 2022 was $72,807. There are 26 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 $233,077 and their total compensation is $277,808):

    Clay Stribling (President & Ceo)
  • Compensation: $233,077
  • Related: $0
  • Other: $44,731

    • David Hurtt (Assistant Secretary/Vp Finance)
  • Compensation: $120,420
  • Related: $0
  • Other: $32,356

    • Keralee Clay (Vp Of Operations)
  • Compensation: $120,920
  • Related: $0
  • Other: $25,705

    • Melanie Smoot (Vp Of Development)
  • Compensation: $114,120
  • Related: $0
  • Other: $17,679

    • Lara Escobar (Vp Of Community Investment)
  • Compensation: $110,420
  • Related: $0
  • Other: $12,872

    • Vanessa Buzzard (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Prescott (1St Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cheri De Jong (2Nd Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sharon White (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Britain (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Clark (Immediate Past Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christy Bertolino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Biddy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lewis Britt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Helen Burton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Trevor Caviness (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sonja Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicki Crump (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Cruz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lori Henke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Hughes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bowden Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Keys (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pedro Limas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Mestas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kristen Moudy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stella Sauls (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Trent Sisemore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Ware (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Suzanne Willis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.amarilloareafoundation.org

    Where can I find the form 990 for Amarillo Area Foundation Inc?

    The Amarillo Area Foundation Inc’s most recent form 990 was submitted in 2022 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.

    Impact

    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.




    Thursday, August 15, 2024

    The Amarillo Area Foundation Inc has a significant impact on the Texas Panhandle community by improving the quality of life through effective philanthropic efforts. Through their distribution program, they receive grant request applications from charitable organizations in the area, research and approve them, and distribute funds accordingly. This process helps support various causes and initiatives that benefit the residents of the Texas Panhandle, making a positive difference in the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,198,198
  • Program Service Revenue: $1,328,610
  • Gross Receipts: $81,976,915

    • Assets and Liabilities:
  • Total Assets: $152,569,192
  • Total Liabilities: $14,185,263
  • Net Assets: $138,383,929
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ADMINISTRATIVE FEES

    Revenue

    $1,328,610

    Organization Details

    Founding Year

    1957

    Principal Officer

    Clay Stribling

    Main Address

    919 S POLK, AMARILLO, TX, 79101

    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.