Michael & Jean Greenough Familyfoundation
- Assets
- $590.9k
- Revenue
- $32.9k
- Investments
- $509.7k
- Employees
- 0
- Location
- Irving, TX
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 20-8919838
Organization Overview
Michael & Jean Greenough Familyfoundation is located in Irving, TX. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael & Jean Greenough Familyfoundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Michael & Jean Greenough Familyfoundation generated $32.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $109.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Michael & Jean Greenough Familyfoundation has awarded 80 individual grants totaling $951,052. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Greenough President | 5 | $0 | |
Jean Greenough Vp/secretary | 0.5 | $0 | |
FR Juan Rivera Director | 0 | $0 | |
Samantha Schneider Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,000 |
| Interest on Savings | $322 |
| Dividends & Interest | $22,092 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,557 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,857 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,187 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $3,655 |
| Contributions, gifts, grants paid | $105,800 |
| Total expenses and disbursements | $109,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,143 |
| Savings and temporary cash investments | $71,116 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $590,936 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $30,400 |
| Total liabilities | $30,400 |
Grants Awarded
Over the last fiscal year, Michael & Jean Greenough Familyfoundation has awarded $105,800 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH FLORIDA PGA CHARITABLE FOUNDA PURPOSE: GENERAL SUPPORT | $5,000 |
RON BURTON TRAINING VILLAGE PURPOSE: GENERAL SUPPORT | $11,000 |
FISHER HOUSE FOUNDATION INC PURPOSE: GENERAL SUPPORT | $7,500 |
ST MATTHEW'S HOUSE PURPOSE: GENERAL SUPPORT | $10,000 |
IRVING HEALTHCARE FOUNDATION PURPOSE: GENERAL SUPPORT | $20,000 |
ANNUNCIATION CATHOLIC CHURCH PURPOSE: GENERAL SUPPORT | $10,800 |