Nonprofit · EIN 75-0978220
AMARILLO AREA FOUNDATION INC
Tax-exempt · AMARILLO, TX 79101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $26,310,718 | $29,471,236 | -$3,160,518 | $171,570,632 | $14,971,228 | $156,599,404 |
| December 31, 2023 | 990 | $23,424,883 | $21,241,170 | $2,183,713 | $164,308,187 | $14,993,922 | $149,314,265 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $21,327,030
- Membership dues
- $67,900
- Program service revenue
- $1,743,674
- Investment income
- $2,813,222
- Royalties
- $167,436
- Net gain from sales of assets
- -$1,176,658
- Other revenue
- $426,792
Expenses
- Grants and similar amounts paid
- $25,035,546
- Compensation of officers, directors and key employees
- $752,898
- Other salaries and wages
- $1,530,945
- Salaries, compensation and benefits (total)
- $2,783,243
- Professional fundraising fees
- $0
- Legal fees
- $9,893
- Accounting fees
- $87,523
- Occupancy
- $114,650
- Travel
- $32,283
- Depreciation
- $110,767
- Program services (functional)
- $26,847,404
- Management and general (functional)
- $1,770,045
- Fundraising (functional)
- $853,787
Balance sheet and other
- Total assets, start of year
- $164,308,187
- Total assets, end of year
- $171,570,632
- Total liabilities, end of year
- $14,971,228
- Net assets, end of year
- $156,599,404
- Land, buildings and equipment
- $379,853
- Publicly traded securities
- $165,403,697
- Net assets without donor restrictions
- $156,599,404
- Gross unrelated business income
- $83,076
- Gross receipts
- $61,626,045
- Employees
- 24
- Volunteers
- 75
- Year formed
- 1957
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CLAY STRIBLING | PAST PRESIDENT & CEO Officer | 20 | $329,765 | $67,343 |
| KERALEE CLAY | PRESIDENT & CEO Officer | 20 | $165,256 | $28,575 |
| DAVID HURTT | ASSISTANT SECRETARY/VP FINANCE Officer | 20 | $136,288 | $25,672 |
| MELANIE SMOOT | VP OF DEVELOPMENT Highest-paid employee | 20 | $129,224 | $24,806 |
| LARA ESCOBAR | VP OF COMMUNITY INVESTMENT Highest-paid employee | 20 | $125,529 | $14,768 |
| DAVID PRESCOTT | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHARON WHITE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KRISTEN MOUDY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MIKE HUGHES | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LEWIS BRITT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HELEN BURTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TREVOR CAVINESS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SONJA CLARK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICKI CRUMP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL CRUZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEE DAVILA | DIRECTOR Trustee or director | 1 | $0 |
| CHERI DE JONG | DIRECTOR Trustee or director | 1 | $0 |
| MARY EMENY | DIRECTOR Trustee or director | 1 | $0 |
| MARGARET FREDERICK | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW HALL | DIRECTOR Trustee or director | 1 | $0 |
| BOWDEN JONES | DIRECTOR Trustee or director | 1 | $0 |
| MARK KEYS | DIRECTOR Trustee or director | 1 | $0 |
| JACKIE KINGSTON | DIRECTOR Trustee or director | 1 | $0 |
| GRACE KUO | DIRECTOR Trustee or director | 1 | $0 |
| PEDRO LIMAS | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES MESTAS | DIRECTOR Trustee or director | 1 | $0 |
| DAVID SALAS | DIRECTOR Trustee or director | 1 | $0 |
| TRENT SISEMORE | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM WARE | DIRECTOR Trustee or director | 1 | $0 |
| CASSI WARREN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CLAY STRIBLING | PRESIDENT & CEO Officer | 20 | $246,329 | $47,205 |
| KERALEE CLAY | VP OF OPERATIONS Highest-paid employee | 20 | $145,206 | $29,043 |
| DAVID HURTT | ASSISTANT SECRETARY/VP FINANCE Officer | 20 | $129,703 | $33,744 |
| MELANIE SMOOT | VP OF DEVELOPMENT Highest-paid employee | 20 | $122,313 | $22,819 |
| LARA ESCOBAR | VP OF COMMUNITY INVESTMENT Highest-paid employee | 20 | $118,618 | $13,966 |
| DAVID PRESCOTT | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHERI DE JONG | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHARON WHITE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MIKE HUGHES | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| VANESSA BUZZARD | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT BIDDY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEWIS BRITT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HELEN BURTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TREVOR CAVINESS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SONJA CLARK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL CRUZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY EMENY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREW HALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORI HENKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOWDEN JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK KEYS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACKIE KINGSTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PEDRO LIMAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES MESTAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRISTEN MOUDY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STELLA SAULS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRENT SISEMORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM WARE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARON WHITE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUZANNE WILLIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 801 S FILLMORE ST STE 700, AMARILLO, TX 79101-3514
- Principal officer (990 for 2024)
- KARALEE CLAY, 919 S POLK, AMARILLO, TX 79101
- Signed the 990
- KARALEE CLAY, PRESIDENT & CEO
- Phone
- (806) 376-4521
- Return prepared by
- CMMS CPAS & ADVISORS PLLC
Mission
A COMMUNITY FOUNDATION OPERATING AS A PUBLIC CHARITY, WITH A MISSION TO IMPROVE THE QUALITY OF LIFE IN THE TEXAS PANHANDLE THROUGH EFFECTIVE PHILANTHROPIC EFFORTS.
Program accomplishments
- DISTRIBUTION PROGRAM - GRANT REQUEST APPLICATIONS ARE RECEIVED FROM CHARITABLE ORGANIZATIONS OF THE TEXAS PANHANDLE AREA. AFTER BEING RESEARCHED AND APPROVED, DISTRIBUTIONS ARE MADE.Expenses $23,851,593 · grants $23,851,593 · revenue $1,743,674
- SCHOLARSHIP PROGRAM - APPLICATIONS ARE RECEIVED FROM AREA HIGH SCHOOL AND COLLEGE STUDENTS. A COMMITTEE THEN REVIEWS THE APPLICATIONS AND BOARD APPROVED SCHOLARSHIPS ARE AWARDED ACCORDINGLY.Expenses $1,183,953 · grants $1,183,953
- PROGRAM MANAGEMENT - STAFF TIME AND RESOURCES ARE USED FOR MANAGEMENT OF THE GRANT AND SCHOLARSHIP PROGRAMS.Expenses $1,811,858
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-0978220
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1960
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $171,570,632
- Income (IRS master file)
- $61,626,045
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $26,310,718 | $29,471,236 | $171,570,632 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $23,424,883 | $21,241,170 | $164,308,187 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $28,347,458 | $20,512,387 | $152,569,192 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-0978220).
Questions about AMARILLO AREA FOUNDATION INC
- What is the EIN of AMARILLO AREA FOUNDATION INC?
- The employer identification number (EIN) of AMARILLO AREA FOUNDATION INC is 75-0978220.
- Is AMARILLO AREA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1960.
- Are donations to AMARILLO AREA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMARILLO AREA FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AMARILLO AREA FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMARILLO AREA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AMARILLO AREA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names KARALEE CLAY.
- Who are the officers and directors of AMARILLO AREA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 30 people; 5 received compensation from the organization, the highest $329,765 (CLAY STRIBLING, PAST PRESIDENT & CEO).
- How much revenue does AMARILLO AREA FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $26,310,718, expenses of $29,471,236 and total assets of $171,570,632 at year end.
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- C J AND SYBLE FOWLSTON CHARITABLE TRUST EIN 75-6281596 · last filed 990-PF for 2025
All nonprofits in AMARILLO · Texas · Philanthropy, voluntarism and grantmaking foundations