Teas Foundation

AMARILLO, TX EIN: 86-3540052

Teas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AMARILLO, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 3 grants totaling $138K. Net investment income was $253K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.0M

+3.3% YoY

Annual Giving

$138K

-35.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$46K

-35.4% YoY

Under IRS private-foundation payout rules, Teas Foundation reported a distributable amount of $185K for 2024 — the minimum it must pay out in qualifying distributions.

About Teas Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $422K (67%)

California $211K (33%)

States

California Texas

Cities

AmarilloCanadianRancho Palos Verdes

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,039,486	$2,943,143	$2,926,179
Revenue	$273,347	$309,601	$477,485
Expenses	$195,721	$292,637	$374,937
Qualifying Distributions	$138,248	$213,866	$281,455
Net Investment Income	$252,598	$267,549	$408,228
Distributable Amount	$185,401	$190,824	$190,329

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

9 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include First United Methodist Church of Canadian ($46,086), Family Support Services of Amarillo ($46,081), Salvation Army Tuscon Arizona Chapter ($46,081).

Recipient	Purpose	Amount
FAMILY SUPPORT SERVICES OF AMARILLO AMARILLO, TX	TO FURTHER THE OPERATIONS OF FAMILY SUPPORT SERVICES OF AMARILLO AND HELP PROVIDE SUPPORT TO FAMILIES IN NEED	$46,081
FIRST UNITED METHODIST CHURCH OF CANADIAN CANADIAN, TX	TO HELP FURTHER THE REACH OF THE METHODIST CHURCH IN CANADIAN, TEXAS	$46,086
SALVATION ARMY TUSCON ARIZONA CHAPTER RANCHO PALOS VERDES, CA	TO HELP SUPPORT THE GOALS AND WORK OF THE SALVATION ARMY IN THE TUSCON ARIZONA AREA	$46,081

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
AMARILLO NATIONAL BANK - TRUST DEP	TRUSTEE	3	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Teas Foundation?

Teas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AMARILLO, TX. It holds $3.0M in total assets as of 2024.

How large is Teas Foundation?

As of 2024, Teas Foundation holds $3.0M in total assets with $273K in annual revenue. It awarded 3 grants totaling $138K in 2024.

Where does Teas Foundation operate?

Teas Foundation has awarded grants in California, Texas.

What size grants does Teas Foundation award?

In 2024, Teas Foundation awarded 3 grants totaling $138K — an average of about $46K per grant, based on its IRS Form 990 filings.

How much is Teas Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Teas Foundation reported a distributable amount of $185K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.