NonprofitsAbilene Industrial Foundation Inc

Abilene Industrial Foundation Inc

ABILENE, TX

Total revenue

$448K

Total expenses

$721K

Net assets

$1.7M

Grants received

$716K

9 grants

EIN

756035743

Tax year

2023

Mission

The mission of the Abilene Industrial Foundation is to promote the growth, development, and diversity of the economy in and around Abilene, Texas.

Programs

1 program

Governmental Affairs - A program to increase the visibility of Abilene in the state legislature and provide timely information about laws or regulations affecting state agencies with locations in Abilene that might impact the local economy

Expenses: $66K

Financials

FY 2023

Revenue

Contributions & grants$64K
Program service revenue$368K
Investment income$16K
Other revenue
Total revenue$448K

Expenses

Grants paid
Salaries & benefits$237K
Fundraising
Other expenses$484K
Total expenses$721K
Total assets$1.8M
Net assets$1.7M

People

9 listed

NameRoleCompensation

Doug Peters

President

Board

16 hrs/wk

Michael B Starr

Director

Board

1 hrs/wk

Scott Hibbs

Director

Board

1 hrs/wk

Greg Blair

Director

Board

1 hrs/wk

Larry Gill

Director

Board

1 hrs/wk

Will Dugger

Chair Elect

Board

2 hrs/wk

Gary Grubbs

Past Chair

Board

5 hrs/wk

Ted Evans

Secretary-Treasurer

Board

1 hrs/wk

Shaun Martin

Chair

Board

2 hrs/wk

Grants received

Showing 9 of 9

FromAmountPurposeYear
$5K
SUPPORT OF LOCAL INDUSTRIAL FOUNDATION
2024
$181K
Program Support Lead ABI
2023
$267K
Program Support Lead ABI
2022
$5K
ANNUAL DONATION
2020
$500
Assisting business development and growth
2020
$5K
SUPPORT OF LOCAL INDUSTRIAL FOUNDATION
2018

Funded by

$716K from 4 funders · 9 grants · 2017–2024

Abilene Chamber of Commerce Foundation

$701K · 5 grants · 2017–2023

Greathouse Foundation

$10K · 2 grants · 2018–2024

The Tstc Foundation

$5K · 1 grant · 2020

Abilene Jaycee Foundation

$500 · 1 grant · 2020

Details

EIN756035743
Subsection06
Ruling date0000-00
Formed1962
Employees0
Volunteers75
ABILENE INDUSTRIAL FOUNDATION INC — Mission, Financials & Grants Received | Grantivo