Crazy Heart Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALLEN, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 8 grants totaling $332K. Net investment income was $51K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.7M
-13.5% YoY
Annual Giving
$332K
+183.6% YoY
Grant Count
8
+166.7% YoY
Avg Grant Size
$42K
+6.3% YoY
Under IRS private-foundation payout rules, Crazy Heart Foundation Inc reported a distributable amount of $160K for 2024 — the minimum it must pay out in qualifying distributions.
About Crazy Heart Foundation Inc
Based on IRS filings
Crazy Heart Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALLEN, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 8 grants totaling $332K. Net investment income was $51K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,712,307 | $3,137,301 | $3,293,866 |
| Revenue | $-54,254 | $-5,915 | $-17,997 |
| Expenses | $370,740 | $150,650 | $68,005 |
| Qualifying Distributions | $334,665 | $121,670 | $50,000 |
| Net Investment Income | $50,899 | $32,073 | $20,208 |
| Distributable Amount | $160,189 | $142,708 | $144,186 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wayforward Adventures ($72,000), Changing Lives Foundation ($72,000), Carlton Landing Community Church ($72,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WAYFORWARD ADVENTURES DEL NORTE, CO | DONATION | $72,000 |
| WHITE ROCK CENTER OF HOPE DALLAS, TX | DONATION | $22,000 |
| FREEDOM HOUSE GRAND PRAIRIE, TX | DONATION | $22,000 |
| CHANGING LIVES FOUNDATION STRONGSVILLE, OH | DONATION | $72,000 |
| JOY JUNCTION ALBUQUERQUE, NM | DONATION | $22,000 |
| CARLTON LANDING COMMUNITY CHURCH EUFAULA, OK | DONATION | $72,000 |
| ST JUDES CHILDRENS RESEARCH HOSPI Memphis, TN | DONATION | $30,000 |
| GREATER GARTH CHAPEL DALLAS, TX | DONATION | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRENT ALLEN | DIRECTOR | — | — |
| CYNTHIA ALLEN | PRESIDENTTREASURER | — | — |
| ALEXIS GOOGIN | DIRECTOR | — | — |
| DERRICK BROOKINS | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Crazy Heart Foundation Inc?
Crazy Heart Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALLEN, TX. It holds $2.7M in total assets as of 2024.
How large is Crazy Heart Foundation Inc?
As of 2024, Crazy Heart Foundation Inc holds $2.7M in total assets with $-54,254 in annual revenue. It awarded 8 grants totaling $332K in 2024.
Where does Crazy Heart Foundation Inc operate?
Crazy Heart Foundation Inc has awarded grants in Colorado, New Mexico, Ohio, Oklahoma, Tennessee, Texas.
What size grants does Crazy Heart Foundation Inc award?
In 2024, Crazy Heart Foundation Inc awarded 8 grants totaling $332K — an average of about $42K per grant, based on its IRS Form 990 filings.
How much is Crazy Heart Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Crazy Heart Foundation Inc reported a distributable amount of $160K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Crazy Heart Foundation Inc's EIN?
Crazy Heart Foundation Inc's EIN (Employer Identification Number) is 86-1768166. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Crazy Heart Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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