Mckenna Foundation
- Assets
- $90.1m
- Revenue
- $4.4m
- Investments
- $2.8m
- Employees
- 0
- Location
- New Braunfels, TX
- Founding
- 11/2008
- Data as of
- 12/2021
- EIN
- 26-2011830
Organization Overview
Mckenna Foundation is located in New Braunfels, TX. The organization was established in 2008. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mckenna 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, Mckenna Foundation generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mckenna Foundation has awarded 270 individual grants totaling $22,190,044. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES TO ENHANCE THE HEALTH AND WELL-BEING OF THE NEW BRAUNFELS COMMUNITY.
Describe the Organization's Program Activity:
THE MCKENNA FOUNDATION AWARDS FUNDS TO APPROVED GRANT APPLICANTS WHO ARE NONPROFIT ORGANIZATIONS THAT OFFER NEW OR EXISTING PROGRAMMING THAT FALL WITHIN OUR WELL-BEING PRIORITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorrie Coles Vice Chair | OfficerTrustee | 2 | $0 |
Rose Zamora Chair | OfficerTrustee | 2 | $0 |
Chandra Engelke CFO | Officer | 20 | $0 |
Alice Jewell CEO | Officer | 38 | $0 |
Jeff Albrecht Member | Trustee | 2 | $0 |
Robert Hunt Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $225,564 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,265 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,829 |
| Total Program Service Revenue | $0 |
| Investment income | $2,372,629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,842,738 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,447,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,156,930 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,133 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,084 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $248,399 |
| Fees for services: Other | $35,000 |
| Advertising and promotion | $1,900 |
| Office expenses | $22,547 |
| Information technology | $9,750 |
| Royalties | $0 |
| Occupancy | $12,096 |
| Travel | $9,038 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,667 |
| Insurance | $40,530 |
| All other expenses | $0 |
| Total functional expenses | $4,311,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,204 |
| Savings and temporary cash investments | $102,277 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $42,191 |
| Net Land, buildings, and equipment | $3,333 |
| Investments—publicly traded securities | $87,021,825 |
| Investments—other securities | $2,786,348 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $90,092,178 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,525,510 |
| 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 | $5,537,539 |
| Total liabilities | $8,063,049 |
| Net assets without donor restrictions | $79,140,504 |
| Net assets with donor restrictions | $2,888,625 |
| 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 | $90,092,178 |
Grants Awarded
Over the last fiscal year, Mckenna Foundation has awarded $3,056,810 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Bulverde, TX PURPOSE: CAPITAL CAMPAIGN | $750,000 |
New Braunfels, TX PURPOSE: LAND PURCHASE | $479,000 |
New Braunfels, TX PURPOSE: CAPITAL CAMPAIGN | $250,000 |
New Braunfels, TX PURPOSE: SHELTER OPERATIONS AND CAPITAL CAMPAIGN | $240,000 |
New Braunfels, TX PURPOSE: AFTER SCHOOL CARE AND HEALTHCARE FOR UNINSURED | $213,000 |
New Braunfels, TX PURPOSE: SIGNS OF SUICIDE PREVENTION PROGRAM | $179,950 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mckenna Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Building Bridge Foundation San Antonio, TX PURPOSE: TO ENHANCE THE HEALTH AND WELL-BEING OF COMMUNITY MEMBERS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |
Paso Del Norte Health Foundation El Paso, TX | $268,661,526 | $12,325,026 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $4,792,680 | $16,387,089 |
Lsu Health Foundation New Orleans New Orleans, LA | $163,045,964 | $16,219,820 |
Baker & Botts Llp Employees Health Care Trust Agreement Houston, TX | $7,386,009 | $15,322,087 |
Shannon Business Services Inc San Angelo, TX | $6,491,391 | $14,101,592 |
Covenant Health System Foundation Lubbock, TX | $55,699,431 | $11,499,437 |
Texas Childrens Hospital Foundation Houston, TX | $3,566,256,606 | $201,987,304 |
The Menninger Clinic Foundation Houston, TX | $95,150,910 | $23,726,608 |
Presbyterian Health Foundation Oklahoma City, OK | $0 | $8,670,353 |