Megara Foundation
- Assets
- $2.0m
- Revenue
- $554.5k
- Investments
- $2.0m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 11/2011
- Data as of
- 12/2022
- EIN
- 45-3261957
Organization Overview
Megara Foundation is located in Houston, TX. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Megara 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, Megara Foundation generated $554.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.1% each year . All expenses for the organization totaled $137.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Megara Foundation has awarded 16 individual grants totaling $305,830. 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 |
|---|---|---|---|
Francois Letaconnoux Director, President | 1 | $0 | |
Molly K Wurzer Director,secretary-Treas. | 0.1 | $0 | |
Denise M Stoner Director, Vice President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $21,387 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $533,103 |
| Capital Gain Net Income | $533,103 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $554,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $905 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,401 |
| Total operating and administrative expenses | $33,790 |
| Contributions, gifts, grants paid | $104,000 |
| Total expenses and disbursements | $137,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,732 |
| 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 | $1,188,717 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,956,842 |
| 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, Megara Foundation has awarded $104,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE ART THERAPY PROJECT PURPOSE: GENERAL SUPPORT | $12,000 |
MUSEUM OF MODERN ART PURPOSE: COMMUNITY AND ACCESS PROGRAMS | $10,000 |
THE LINCOLN CENTER FOR THE PERFORMING ARTS PURPOSE: ACCESSIBILITY PROGRAMMING | $10,000 |
CATHOLIC NEAR EAST WELFARE ASSOCIATION PURPOSE: UKRAINE SUPPORT | $10,000 |
UNIVERSITY SETTLEMENT SOCIETY OF NEW YORK PURPOSE: THE CREATIVE CENTER | $10,000 |
ENTREPRENDRE POUR AIDER PURPOSE: GERERAL SUPPORT | $52,000 |