Mark Cuban Foundation
- Assets
- $3.4m
- Revenue
- $467.8k
- Investments
- $3.3m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/2003
- Data as of
- 12/2022
- EIN
- 26-0063142
Organization Overview
Mark Cuban Foundation is located in Dallas, TX. The organization was established in 2003. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Mark Cuban 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 12/2022, Mark Cuban Foundation generated $467.8k 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 (5.5%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mark Cuban Foundation has awarded 559 individual grants totaling $37,794,027. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN MARCH 2020, AT THE BEGINNING OF THE COVID-19 PANDEMIC, THE MARK CUBAN FOUNDATION MADE SEVERAL PURCHASES/EXPENSES TO ASSIST IN THE RESPONSE TO THE CRISIS. THESE ACTIVITIES INCLUDED:- $50,000 TO ALLOW A DISTILLERY TO MANUFACTURE HAND SANITIZER THAT WAS DISTRIBUTED TO DALLAS COUNTY TO BE GIVEN TO FIRST RESPONDERS.- $28,819 TO PURCHASE 3-D PRINTERS THAT WERE USED TO MAKE 3-D-PRINTED MASKS AND RESPIRATORS. THE MASKS AND RESPIRATORS WERE GIVEN TO HEALTH CARE WORKERS FOR FREE.- $10,687 TO PURCHASE RAIN JACKETS THAT WERE DONATED TO BAYLOR SCOTT WHITE HEALTH FOR COVID PROTECTION FOR ITS HEALTH CARE WORKERS.- $52,650 TO PURCHASE FILTER PADS THAT WERE USED IN THE PRODUCTION OF 3-D-PRINTED MASKS- $87,072 TO PURCHASE MASKS. THE DALLAS INDEPENDENT SCHOOL DISTRICT AGREED TO RECEIVE THE MASKS AND DISTRIBUTED THEM THROUGH ITS FOOD DISTRIBUTION PROGRAM FOR DISD FAMILIES- $3,200 TO PURCHASE ITEMS USED TO MAKE PPE HELMETS AND HOODS- $3,562 TO PURCHASE MEALS FOR FIRST RESPONDERS
IN MARCH 2020, AT THE BEGINNING OF THE COVID-19 PANDEMIC, THE MARK CUBAN FOUNDATION MADE SEVERAL PURCHASES/EXPENSES TO ASSIST IN THE RESPONSE TO THE CRISIS. THESE ACTIVITIES INCLUDED:- $50,000 TO ALLOW A DISTILLERY TO MANUFACTURE HAND SANITIZER THAT WAS DISTRIBUTED TO DALLAS COUNTY TO BE GIVEN TO FIRST RESPONDERS.- $28,819 TO PURCHASE 3-D PRINTERS THAT WERE USED TO MAKE 3-D-PRINTED MASKS AND RESPIRATORS. THE MASKS AND RESPIRATORS WERE GIVEN TO HEALTH CARE WORKERS FOR FREE.- $10,687 TO PURCHASE RAIN JACKETS THAT WERE DONATED TO BAYLOR SCOTT WHITE HEALTH FOR COVID PROTECTION FOR ITS HEALTH CARE WORKERS.- $52,650 TO PURCHASE FILTER PADS THAT WERE USED IN THE PRODUCTION OF 3-D-PRINTED MASKS- $87,072 TO PURCHASE MASKS. THE DALLAS INDEPENDENT SCHOOL DISTRICT AGREED TO RECEIVE THE MASKS AND DISTRIBUTED THEM THROUGH ITS FOOD DISTRIBUTION PROGRAM FOR DISD FAMILIES- $3,200 TO PURCHASE ITEMS USED TO MAKE PPE HELMETS AND HOODS- $3,562 TO PURCHASE MEALS FOR FIRST RESPONDERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Cuban Director, President | 0.5 | $0 | |
Dawn Knox Vice President | 1 | $0 | |
Robert S Hart Dir., Sr. Evp, Gen. Counsel, Secretary | 1 | $0 | |
Tiffany Cuban Director | 0.5 | $0 | |
Brian Cuban Director | 0.5 | $0 | |
Jeffrey Cuban Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $131,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $152,310 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $184,500 |
| Total Revenue | $467,810 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $12,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,506 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,535 |
| Printing and publications | $0 |
| Other expenses | $102,386 |
| Total operating and administrative expenses | $170,474 |
| Contributions, gifts, grants paid | $2,418,410 |
| Total expenses and disbursements | $2,588,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,839 |
| Savings and temporary cash investments | $16,597 |
| Net Accounts receivable | $5,583 |
| 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 | $911,777 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,383,146 |
| Accounts payable and accrued expenses | $72,986 |
| Grants payable | $500,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,374 |
| Total liabilities | $577,360 |
Grants Awarded
Over the last fiscal year, Mark Cuban Foundation has awarded $2,434,717 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BLIND INSTITUTE OF TECHNOLOGY PURPOSE: GENERAL PURPOSE | $100,000 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: GENERAL PURPOSE | $250,000 |
COACHART ORG PURPOSE: GENERAL PURPOSE | $100,000 |
FAMILY PLACE INC PURPOSE: GENERAL PURPOSE | $150,000 |
CELEBRITY GAMES FOR CHARITY PURPOSE: GENERAL PURPOSE | $583,616 |
GREGORY DAVIS PURPOSE: HARDSHIP GRANT | $9,854 |