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Wichita Falls Area Community Foundation

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

EIN: 752817894 ✦ Wichita falls, TX ✦ Designated as a 501(c)(3)

Overview

What is Wichita Falls Area Community Foundation?

Wichita Falls Area Community Foundation is a nonprofit organization situated in Wichita Falls, Texas, specifically at 2405 Kell Boulevard 100. Its primary mission is to grant funds to eligible organizations, as decided by its Board of Directors, by cultivating, investing, and establishing contributed funds. This practice ensures long-term income and growth for the provision of grants, supporting community organizations now and in the future. The grants provided in the current year benefited over 850 organizations and individuals. The organization's broader purpose is to serve as a community foundation, providing charitable opportunities for local residents, leaving a lasting legacy, facilitating various donor interests, and promoting philanthropy. It currently employs a team of six individuals.


Official website here: www.wfacf.org

Is Wichita Falls Area Community Foundation legitimate?

Wichita Falls Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wichita Falls Area Community Foundation 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: $145,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $249,757

For more financial information, click here


Official website here: www.wfacf.org

What is the mission statement of Wichita Falls Area Community Foundation?

The Wichita Falls Area Community Foundation's mission is centered around functioning as a community foundation and offering charitable grants. Their primary objective is to provide opportunities for local residents to give back, establish a lasting legacy, and cater to various donor interests. By cultivating, investing, and establishing contributed funds, the foundation aims to generate long-term income and fund growth. This income is then utilized to provide grants, supporting a wide range of qualified organizations. The foundation's grant-making activities in the current year benefited over 850 organizations and individuals.


Official website here: www.wfacf.org

Who is the CEO of Wichita Falls Area Community Foundation?

Leslie Schaffner is the Chairman of Wichita Falls Area Community Foundation.


Official website here: www.wfacf.org

What is the revenue of Wichita Falls Area Community Foundation?

Wichita Falls Area Community Foundation's revenue in 2022 was $5,318,274.


Official website here: www.wfacf.org

Who are the executives of Wichita Falls Area Community Foundation and what are their salaries?

The average compensation at Wichita Falls Area Community Foundation during 2022 was $65,918. There are 6 employees and 54 volunteers at Wichita Falls Area Community Foundation.

Here are 19 key members and their salaries:

    Leslie Schaffner (President)
  • Compensation: $145,750
  • Related: $0
  • Other: $16,721

    • Denise Moffat (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leo Lane (Vice-Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Warren Ayres (Sec./Treas.) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tony Fidelie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carla Bolin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Hanson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Cornelius (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Allyson Flack (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Josh Andrajack (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wynn Heyen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Darrell Coleman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lysle Huddleston (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Armstrong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Marks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Craig Reynolds (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eric Robb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Merkle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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


  • Official website here: www.wfacf.org

    Where can I find the form 990 for Wichita Falls Area Community Foundation?

    The Wichita Falls Area Community Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wfacf.org

    Learn more at the official website: www.wfacf.org

    Mission Statement of Wichita Falls Area Community Foundation

    The Wichita Falls Area Community Foundation, as a community-focused organization, serves as a platform for local residents to engage in charitable activities. Its mission is multifaceted, aiming to provide opportunities for philanthropy, establish a lasting legacy for future generations, cater to the diverse interests of donors, and promote the spirit of giving within the community. The foundation achieves this by channeling funds to eligible 501(c)(3) organizations, which are approved by its Board of Directors. These funds are carefully cultivated, invested, and established to ensure long-term income and growth, ultimately providing grants for community organizations and individuals in need. In the current year, these grants have positively impacted over 850 organizations and individuals, demonstrating the foundation's commitment to its mission.

    Impact

    This information is meant to be a general summary of Wichita Falls Area Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Wichita Falls Area Community Foundation's impact is substantial in providing grants for charitable, religious, scientific, public safety, literary, and educational purposes to qualified organizations. The foundation's grants benefit more than 850 organizations and individuals each year, contributing to the growth and support of the community. Through the cultivation, investment, and establishment of contributed funds, the foundation ensures a long-term impact on the provision of grants and support for community organizations, both now and in the future. With a mission to provide charitable opportunities for area residents, promote philanthropy, and facilitate donors' varied interests, Wichita Falls Area Community Foundation is leaving a lasting legacy for 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: $1,007,732
  • Program Service Revenue: $0
  • Gross Receipts: $39,678,011

    • Assets and Liabilities:
  • Total Assets: $66,714,610
  • Total Liabilities: $0
  • Net Assets: $66,714,610
  • Organization Details

    Founding Year

    1999

    Principal Officer

    Leslie Schaffner

    Main Address

    2405 Kell Boulevard 100, Wichita Falls, TX, 76308

    NTEE Category

    Code: T31 - Philanthropy

    If you are a representative of Wichita Falls Area Community Foundation 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.