Mueller Foundation
- Assets
- $53.2m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Austin, TX
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 26-0611316
Organization Overview
Mueller Foundation is located in Austin, TX. The organization was established in 2009. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Mueller Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mueller 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 12/2021, Mueller Foundation generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 22.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GENERALLY, TO OPERATE EXCLUSIVELY FOR CHARITABLE, OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF 501(C)(3) OF THE IRC, BY PROMOTION AND INCREASING ONE OR MORE OF THE FOLLOWING IN THE GEORGRAPHICAL REGION OF AUSTIN, TEXAS KNOWN AS MUELLER AND OTHER GEOGRAPHIC AREAS CONTAINING A REASONABLE RELATIONSHIP TO THE MUELLER COMMUNITY: (I) THE AVAILABILITY OF QUALITY NEIGHBORHOOD SCHOOLS AND LIFELONG EDUCATION PROGRAMS, (II) THE CREATION OF OPEN SPACE AND PARKS, (III) THE AVAILABILITY OF JOB TRAINING PROGRAMS, (IV) THE PROMOTION OF SUSTAINABLE DEVELOPMENT, (V) THE SUPPORT OF AFFORDABLE HOUSING, AND (VI) SUCH OTHER CHARITABLE AND EDUCATIONAL PURPOSES AS ARE CONSISTENT WITH THE SPIRIT AND INTENT OF THE MUELLER DESIGN BOOK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS OF YEAR-END 2021, 548 HOMES ARE IN THE AFFORDABLE HOUSING PROGRAM. OF THOSE, 22 WERE "RESOLD" TO NEW AFFORDABLE OWNERS AND NONE WERE SOLD TO MARKET. THERE WERE 9 NEW HOMES ADDED IN 2021.
WITH THE EAST LINK TRAIL BEING DEVELOPED NOW BY THE CITY OF AUSTIN AND THE PARKS FOUNDATION, THE FOUNDATION HAS TURNED ITS FULL FOCUS IN 2021 TO PREPARING FOR THE TRANSITION FROM "DEVELOPMENT" PHASE TO "SUSTAINABLE" PHASE. DEVELOPMENT OF NEW HOMES IS SCHEDULED TO BE COMPLETE BY DECEMBER, 2023. IN 2021, THE FOUNDATION BEGAN TO FOCUS ON EXPANDING ORGANIZATIONAL CAPACITY THROUGH NEW STAFFING AND ADDED BOARD MEMBERS, AS WELL AS INCREASED FOCUS ON AFFIRMATIVE MARKETING AND IDENTIFICATION OF LONG TERM POLICIES TO SUPPORT THE SUSTAINABILITY OF THE HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances Ferguson Executive Director | 40 | $154,231 | |
Suzanna Caballero Treasurer | OfficerTrustee | 2 | $0 |
Gregory J Weaver Secretary | OfficerTrustee | 2 | $0 |
Robert D Repass Chair | OfficerTrustee | 2 | $0 |
Kerry Tate Director | Trustee | 2 | $0 |
Jim Walker Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,991,578 |
| Investment income | $94,201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $78,611 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,187,805 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $154,231 |
| Compensation of current officers, directors, key employees. | $46,269 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,287 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,857 |
| Payroll taxes | $11,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,930 |
| Fees for services: Accounting | $31,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,545 |
| Fees for services: Other | $726,374 |
| Advertising and promotion | $0 |
| Office expenses | $17,438 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,570 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,138 |
| All other expenses | $0 |
| Total functional expenses | $2,522,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $639,349 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,070 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $47,650,543 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,828,906 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,304 |
| Total assets | $53,172,172 |
| Accounts payable and accrued expenses | $70,984 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $70,984 |
| Net assets without donor restrictions | $53,101,188 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $53,172,172 |
Grants Awarded
Over the last fiscal year, Mueller Foundation has awarded $100,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Austin, TX PURPOSE: SUPPORT EXPERIENTIAL, IN-AND-OUT-OF-SCHOOL-TIME PROGRAMS AT THREE LOCAL ELEMENTARY SCHOOLS. | $25,000 |
Austin, TX PURPOSE: SUPPORT CREATIVE ACTION AFTER SCHOOL PROGRAM. | $25,000 |
Austin, TX PURPOSE: SUPPORT CREATIVE ACTION AFTER SCHOOL PROGRAM. | $25,000 |
Austin, TX PURPOSE: SUPPORT EXPERIENTIAL, IN-AND-OUT-OF-SCHOOL-TIME PROGRAMS AT THREE LOCAL ELEMENTARY SCHOOLS. | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mueller Foundation has recieved totaling $2,202,071.
| Awarding Organization | Amount |
|---|---|
Austin Community Foundation Austin, TX PURPOSE: RETENTION OF 4512 VAUGHAN STREET, UNIT C | $2,202,071 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choctaw Home Finance Corporation Hugo, OK | $41,603,896 | $2,950,150 |
Mueller Foundation Austin, TX | $53,172,172 | $7,187,805 |
Urban Housing Of America Inc Louisiana Shreveport, LA | $2,533,018 | $1,195,924 |
Neighborhood Housing Services Of San Antonio Inc San Antonio, TX | $7,102,785 | $963,839 |
Nestquest Houston Inc Houston, TX | $268,703 | $911,720 |
United South Broadway Corporation Albuquerque, NM | $880,290 | $964,154 |
Harlingen Community Development Corporation Harlingen, TX | $6,702,200 | $615,756 |
Osage Financial Resources Inc An Oklahoma Non Profit Corporation Pawhuska, OK | $4,289,875 | $172,546 |
Middle Creek Housing Corporation Natchitoches, LA | $377,207 | $389,902 |
Gvec Charitable Foundation Gonzales, TX | $170,391 | $368,730 |
Arkla Good Neighbor Fuel Fund Shreveport La Houston, TX | $44,413 | $64,953 |
Tarrant County Furniture Bank Fort Worth, TX | $8,502 | $0 |