Decoursey Properties

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

EIN: 842054790 ✦ Amarillo, TX ✦ Designated as a 501(c)(3)

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Overview

What is Decoursey Properties?

Decoursey Properties is a supporting organization based in Amarillo, Texas, with an address at 919 S Polk, ZIP code 79101. Its primary mission is to acquire and renovate real property, which will serve as the office space for the Amarillo Area Foundation, Inc. (AAF) and its Nonprofit Service Center. Additionally, Decoursey Properties acts as a recipient for charitable gifts of real property, a role that allows donors to contribute property directly to AAF without the need for a separate transaction. This initiative by Decoursey Properties aims to support the operations and growth of AAF's services and programs for the community.

Is Decoursey Properties legitimate?

Decoursey Properties is a legitimate nonprofit organization registered as a 501(c)(3) entity. Decoursey Properties 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Decoursey Properties?

Decoursey Properties serves as a supporting organization for the Amarillo Area Foundation (AAF). Its primary mission is twofold. Firstly, Decoursey Properties aims to acquire and renovate real estate, which will then be used to house the offices and staff of AAF, as well as operate the Nonprofit Service Center under AAF's umbrella. Secondly, Decoursey Properties acts as a recipient for charitable gifts of real property that donors would otherwise convey directly to AAF. This dual role allows Decoursey Properties to contribute to the operational and expansion needs of AAF.

Who is the CEO of Decoursey Properties?

Clay Stribling is the Chair of Decoursey Properties. The CEO's salary of Decoursey Properties is $0 and their total compensation is $277,808.

What is the revenue of Decoursey Properties?

Decoursey Properties's revenue in 2022 was $4,231,028.

Who are the executives of Decoursey Properties and what are their salaries?


Here are 15 key members and their salaries (Decoursey Properties's CEO's salary is $0 and their total compensation is $277,808):


Dyke Rogers (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Bivins (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bowden Jones (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vanessa Buzzard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trevor Caviness (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Clark (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
David Prescott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Ware Ii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clay Stribling (President & Ceo)
  • Compensation: $0
  • Related: $233,077
  • Other: $44,731
David Hurtt (Assistant Secretary)
  • Compensation: $0
  • Related: $120,420
  • Other: $32,356
Keralee Clay (Vp Of Operations)
  • Compensation: $0
  • Related: $120,920
  • Other: $25,705
Lara Escobar (Vp Of Community Investment)
  • Compensation: $0
  • Related: $110,420
  • Other: $12,872
Melanie Smoot (Vp Of Development)
  • Compensation: $0
  • Related: $114,120
  • Other: $17,679
Where can I find the form 990 for Decoursey Properties?

Decoursey Properties's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Decoursey Properties

Decoursey Properties, serving as a supporting organization for the Amarillo Area Foundation (AAF), is tasked with a unique mission. Its primary objective is to acquire and renovate real property, transforming it into a functional space that will house the offices and staff of the Amarillo Area Foundation, as well as the operations of AAF's Nonprofit Service Center. Moreover, Decoursey Properties acts as a recipient for charitable gifts of real property, a role that allows donors to channel their property-related generosity directly to the Amarillo Area Foundation, rather than dealing with the complexities of property transfers directly. This dual role allows Decoursey Properties to contribute significantly to the Amarillo Area Foundation's operations and mission, providing a tangible and supportive infrastructure for its activities.

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Impact




October, 2024

Decoursey Properties has a significant impact on the community by acquiring and renovating real estate to support the operations of the Amarillo Area Foundation (AAF). By providing necessary office space for AAF's staff, Decoursey Properties ensures that the foundation can effectively fulfill its mission of serving the Amarillo area. The organization also acts as a recipient for charitable gifts of real property, which allows donors to contribute assets directly to community-focused initiatives. This function not only strengthens AAF’s operational capabilities but also enhances community improvement efforts, fostering a more robust support system for various local programs and services. Through its real estate endeavors, Decoursey Properties plays a vital role in the advancement of community development and wellbeing in Amarillo, Texas.




This information is meant to be a general summary of Decoursey Properties. 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.

Revenue
$4,231,028 (2022)
Expenses
$141,696 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$56,866
  • Gross Receipts: $4,374,894

Assets and Liabilities:

  • Total Assets: $11,929,880
  • Total Liabilities: $652,044
  • Net Assets: $11,277,836

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Organization Details

Founding Year

2019

Principal Officer

Clay Stribling

Main Address

919 S POLK, AMARILLO, TX, 79101

NTEE Category

Code: S11 - Community improvement

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