Financials

In 2015 more depth and experience was added to the Accounting Department with the addition of the Director of Accounting and Staff Accountant positions. The Accounting Department is responsible for processing and accounting for all contributions, grant distributions, donor distributions, vendor payments and payroll.

We create and distribute quarterly financial statements for all 300+ funds, ad hoc reports for departments and fund managers, reports for the board of directors and committees, and the annual audited financial report.

The accounting staff creates and implements processes to better control financial activities to ensure quality data and good audit outcomes. Our goal is to accomplish all of this as timely and error free as possible, while limiting the overall administrative burden.

During the past year we processed 1,701 vendor invoices for a total of $15,805,224. This included 279 invoices for scholarships and 378 other fund distributions. We created 125,139 general ledger transactions and 1,051 general ledger batches.

This department managed 31 investment advisors with approximately $200,000,000 in investments, accounting for all income, gains, losses, purchases and sales of these investments on a monthly basis.

Stevie Jones

Stevie Jones
Director of Finance, Accounting and Human Resources


 

Investment Committee Members
Amarillo Area Foundation
Roy Bara Chair
Jeri Bezner  
Cliff Bickerstaff AAF Board Chair
Carl Birdsong  
Terry Caviness  
Jason Herrick  
Steve Hoard  
Bob LaRoche  
David Prescott  
Harrington Foundation
Mark Bivins  
Wales Madden, Jr.  
Puff Niegos  
Dyke Rogers  
Clay Stribling AAF President & CEO
Combined Foundaton Grants and Distributions
Agency $471,836.58
Donor Advised $1,545,491
Donor Designated $1,761,363
Field of Interest $3,820,408
Scholarship $487,454
ACE $802,936
HF Designated Beneficiaries $300,000
AAF Grants $7,600,810

HF Grants

$4,957,570
Totals $21,747,867.72
Annual Giving
 Non EndowedEndowed
ACE $169,677
Agency$3,952$152,716
Community Fund$50,675 
Donor Advised$2,672,326$2,250
Donor Designated$354,083$1,269,574
Field of Interest$3,892,630 
In-Kind Gifts$6,810 
Memberships$137,625 
Scholarship$514,356$26,999
Sponsorships$23,000 
Unrestricted$6,890,089 
Total Annual Giving$14,545,546$1,621,216
Amarillo Area Foundation, Inc.
Assets
Unrestricted cash and cash equivalents$9,174,298
Restricted cash and cash equivalents 
Investments, at fair value$102,960,769
Investments, other$404,947
Receivables: 
Contributions receivable$7,401,988
Grants receivable$320,500
Accrued interest receivable$71,201
Advance on distributions$140,438
Other receivables$95,205
Gift shop inventory 
Other assets$102,161
Collections 
Property and equipment, net$78,049
Total Assets$120,749,556
Liabilities and Net Assets
Liabilities 
Accounts payable and other liabilities$241,097
Grants and program services payable$10,742,911
Deferred revenue$34,451
Funds held for agencies$8,664,292
Total Liabilities$19,682,751
Net Assets: 
Unrestricted$101,066,805
Temporarily restricted 
Permanently restricted 
Total Net Assets$101,066,805
Total Liabilities and Net Assets$120,749,556
Don & Sybil Harrington Foundation Inc.
Assets
Unrestricted cash and cash equivalents$3,382,361
Restricted cash and cash equivalents 
Investments, at fair value$94,259,481
Investments, other 
Receivables: 
Contributions receivable 
Grants receivable 
Accrued interest receivable$35,793
Advance on distributions 
Other receivables$29,325
Gift shop inventory 
Other assets$981
Collections 
Property and equipment, net$77,863
Total Assets$97,785,804
Liabilities and Net Assets
Liabilities 
Accounts payable and other liabilities$70,217
Grants and program services payable$3,481,000
Deferred revenue$59
Funds held for agencies 
Total Liabilities$3,551,276
Net Assets: 
Unrestricted$89,234,528
Temporarily restricted 
Permanently restricted$5,000,000
Total Net Assets$94,234,528
Total Liabilities and Net Assets$97,785,804
AAF Community Health Foundation
Assets
Unrestricted cash and cash equivalents 
Restricted cash and cash equivalents 
Investments, at fair value 
Investments, other 
Receivables: 
Contributions receivable$6,862,877
Grants receivable 
Accrued interest receivable 
Advance on distributions 
Other receivables 
Gift shop inventory 
Other assets 
Collections 
Property and equipment, net 
Total Assets$6,862,877
Liabilities and Net Assets
Liabilities 
Accounts payable and other liabilities 
Grants and program services payable 
Deferred revenue 
Funds held for agencies 
Total Liabilities 
Net Assets: 
Unrestricted$6,862,877
Temporarily restricted 
Permanently restricted 
Total Net Assets$6,862,877
Total Liabilities and Net Assets$6,862,877
Citadelle Art Foundation
Assets
Unrestricted cash and cash equivalents$22,848
Restricted cash and cash equivalents$168,293
Investments, at fair value 
Investments, other 
Receivables: 
Contributions receivable$40,574
Grants receivable 
Accrued interest receivable 
Advance on distributions 
Other receivables 
Gift shop inventory$19,771
Other assets$37,000
Collections$5,512,929
Property and equipment, net$3,666,122
Total Assets$9,467,537
Liabilities and Net Assets
Liabilities 
Accounts payable and other liabilities$31,261
Grants and program services payable 
Deferred revenue 
Funds held for agencies 
Total Liabilities$31,261
Net Assets: 
Unrestricted$9,267,983
Temporarily restricted$168,293
Permanently restricted 
Total Net Assets$9,436,276
Total Liabilities and Net Assets$9,467,537
Eliminations
Assets
Unrestricted cash and cash equivalents 
Restricted cash and cash equivalents 
Investments, at fair value 
Investments, other 
Receivables: 
Contributions receivable($9,218,451)
Grants receivable 
Accrued interest receivable 
Advance on distributions 
Other receivables($46,356)
Gift shop inventory 
Other assets 
Collections 
Property and equipment, net 
Total Assets($9,264,807)
Liabilities and Net Assets
Liabilities 
Accounts payable and other liabilities($46,356)
Grants and program services payable($9,218,451)
Deferred revenue 
Funds held for agencies 
Total Liabilities($9,264,807)
Net Assets: 
Unrestricted 
Temporarily restricted 
Permanently restricted 
Total Net Assets 
Total Liabilities and Net Assets($9,264,807)
Consolidated 2015
Assets
Unrestricted cash and cash equivalents$12,579,507
Restricted cash and cash equivalents$168,293
Investments, at fair value$197,220,250
Investments, other$404,947
Receivables: 
Contributions receivable$5,086,988
Grants receivable$320,500
Accrued interest receivable$106,994
Advance on distributions$140,438
Other receivables$78,174
Gift shop inventory$19,771
Other assets$140,142
Collections$5,512,929
Property and equipment, net$3,822,034
Total Assets$225,600,967
Liabilities and Net Assets
Liabilities 
Accounts payable and other liabilities$296,219
Grants and program services payable$5,005,460
Deferred revenue$34,510
Funds held for agencies$8,664,292
Total Liabilities$14,000,481
Net Assets: 
Unrestricted$206,432,193
Temporarily restricted$168,293
Permanently restricted$5,000,000
Total Net Assets$211,600,486
Total Liabilities and Net Assets$225,600,967