Mary Hobbs Griffith Foundation
- Assets
- $4.0m
- Revenue
- $460.6k
- Investments
- $3.6m
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 12/1968
- Data as of
- 10/2022
- EIN
- 23-7000801
Organization Overview
Mary Hobbs Griffith Foundation is located in Corpus Christi, TX. The organization was established in 1968. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mary Hobbs Griffith Foundation 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 10/2022, Mary Hobbs Griffith Foundation generated $460.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $307.0k during the year ending 10/2022. While expenses have increased by 0.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mary Hobbs Griffith Foundation has awarded 124 individual grants totaling $1,620,750. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $96,609 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,626 |
| Capital Gain Net Income | $14,626 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $349,340 |
| Total Revenue | $460,575 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,165 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,383 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,183 |
| Total operating and administrative expenses | $76,981 |
| Contributions, gifts, grants paid | $230,000 |
| Total expenses and disbursements | $306,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $415,195 |
| 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 | $23 |
| Total assets | $3,990,258 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mary Hobbs Griffith Foundation has awarded $230,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
SAN PATRICIO AND ARANSAS COUNTIES A & H SHOW INC PURPOSE: TO SUPPORT THE OPERATIONS AND NEEDS OF THE ANNUAL SAN PATRICIO AND ARANSAS COUNTIES AGRICULTURAL AND HOMEMAKERS SHOW. | $40,000 |
MAJORITY WORLD MARKET DEV INC PURPOSE: TO CREATE EQUAL OPPORTUNITIES FOR THEIR POOL OF TALENTED PHOTOGRAPHERS WHILE COMMUNICATING AUTHENTIC VISUAL STORIES TO THE REST OF THE WORLD. | $25,000 |
ST JOSEPH CATHOLIC CHURCH PURPOSE: TO INVITE EVERY PARISHIONER TO A LIFE ROOTED IN GRATITUDE TO GOD. | $20,000 |
SINTON FFA ALUMNI ASSOCIATION PURPOSE: TO SUPPORT FUTURE FARMERS OF AMERICA (FFA) FOR CHAPTER ACTIVITIES AND SCHOLARSHIPS. | $17,500 |
BEEVILLE ART ASSOCIATION INC PURPOSE: TO SUPPORT THE ASSOCIATION IN UNITING ITS MEMBERS IN THE STUDY OF ART, AS WELL AS THE PROMOTION OF CULTURAL ACTIVITIES AND THE PUBLIC INTEREST IN ART. | $15,000 |
TAFT PUBLIC LIBRARY PURPOSE: TO SUPPORT LITERACY IN THE RESIDENTS IN THE TAFT, TEXAS, SERVICE AREA. | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |