Flax Family Foundation
- Assets
- $990.6k
- Revenue
- $297.9k
- Investments
- $697.2k
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 10/2008
- Data as of
- 12/2021
- EIN
- 26-1473302
Organization Overview
Flax Family Foundation is located in Albuquerque, NM. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Flax Family 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, Flax Family Foundation generated $297.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.1% each year . All expenses for the organization totaled $61.1k during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 4 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 2019, Flax Family Foundation has awarded 36 individual grants totaling $162,000. 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 G Flax MD Secretary/treasurer | 1 | $0 | |
Rebecca Flax Vice President | 1 | $0 | |
Jane Flax President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $158,000 |
| Interest on Savings | $20 |
| Dividends & Interest | $15,343 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $124,578 |
| Capital Gain Net Income | $124,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $297,941 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $111 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45 |
| Total operating and administrative expenses | $15,114 |
| Contributions, gifts, grants paid | $46,000 |
| Total expenses and disbursements | $61,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $293,362 |
| 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 | $481,346 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $990,554 |
| 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, Flax Family Foundation has awarded $46,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Salem, VA PURPOSE: TO SUPPORT EDUCATION AND THE CREGGER CENTER. | $10,000 |
New York, NY PURPOSE: SUPPORT EDUCATIONAL PROGRAMS THROUGH THE FLAX FAMILY ENDOWMENT FUND TO BE USED IN THE MEDICAL HUMANITIES. | $10,000 |
Carbondale, CO PURPOSE: TO PROVIDE EDUCATION | $10,000 |
EXPLORA PURPOSE: TO PROVIDE SCIENCE EDUCATION TO CHILDREN | $10,000 |
JOY JUNCTION PURPOSE: TO PROVIDE SHELTER FOR HOMELESS IN NEW MEXICO | $1,500 |
Albuquerque, NM PURPOSE: TO PROVIDE EQUAL ACCESS TO HUNGER RELIEF | $1,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jane P And Wiley L Mossy Jr Foundation Houston, TX | $339,084 | $6,855,893 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
Gene And Jerry Jones Family-Dallas Cowboys Charities Frisco, TX | $3,095,461 | $7,273,707 |
The Dixie And Anne Leavitt Foundation Cedar City, UT | $52,405,557 | $11,398,374 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |
Merle Chambers Fund Denver, CO | $66,462,880 | $7,349,081 |
Gods Light In The Darkness Foundation Carlbad, NM | $31,530,012 | $790,978 |
Scott W And Betsy D Thornton Family Foundation Park City, UT | $4,627,448 | $2,183,609 |
Mary E Bivins Trust Amarillo, TX | $23,577,867 | $7,091,283 |
Norman H Read 1985 Trust Amarillo, TX | $61,022,769 | $8,703,971 |
East Texas Medical Center Regional Healthcare System Tyler, TX | $164,248,819 | $57,646,365 |