The Mevatec Foundation
- Assets
- $1.1m
- Revenue
- $58.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- Brownsboro, AL
- Founding
- 11/2000
- Data as of
- 12/2022
- EIN
- 31-1738252
Organization Overview
The Mevatec Foundation is located in Brownsboro, AL. The organization was established in 2000. 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. Mevatec 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, Mevatec Foundation generated $58.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $394.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mevatec Foundation has awarded 24 individual grants totaling $434,275. 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 |
|---|---|---|---|
Nancy E Archuleta President | 0 | $0 | |
Daniel R Archuleta Trustee | 0 | $0 | |
Robert J Nieto Trustee | 0 | $0 | |
Gina A Morgan Executive Director | 10 | $12,000 | |
Gabriel A Nieto Trustee | 0 | $0 | |
Jessica R Mayer Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,001 |
| Dividends & Interest | $24,341 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,751 |
| Capital Gain Net Income | $27,751 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,093 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,177 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $31,640 |
| Contributions, gifts, grants paid | $362,775 |
| Total expenses and disbursements | $394,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,037 |
| Savings and temporary cash investments | $0 |
| 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 | $1,126,992 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,373 |
| Total assets | $1,147,402 |
| 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 | $708 |
| Total liabilities | $708 |
Grants Awarded
Over the last fiscal year, The Mevatec Foundation has awarded $362,775 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
OMAHA SCHOOL'S FOUNDATION PURPOSE: RELIGIOUS, EDUCATIONAL, ETC | $2,000 |
ARC OF MADISON COUNTY PURPOSE: RELIGIOUS, EDUCATIONAL, ETC | $5,000 |
ST MICHAEL'S CATHOLIC CHURCH PURPOSE: RELIGIOUS, EDUCATIONAL, ETC | $1,000 |
ST JOHN PAUL II CATHOLIC HIGH SCHOOL PURPOSE: RELIGIOUS, EDUCATIONAL, ETC | $500 |
THE AWARENESS PROJECT PURPOSE: RELIGIOUS, EDUCATIONAL, ETC | $5,000 |
ST JOSEPH CATHOLIC CHURCH PURPOSE: RELIGIOUS, EDUCATIONAL, ETC | $4,275 |