Chesmar Foundation
- Assets
- $3.6m
- Revenue
- $2.0m
- Investments
- $212.5k
- Employees
- 0
- Location
- The Woodlands, TX
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-4136065
Organization Overview
Chesmar Foundation is located in The Woodlands, TX. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Chesmar 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, Chesmar Foundation generated $2.0m in total revenue. All expenses for the organization totaled $165.8k during the year ending 12/2021. While expenses have increased by 15.8% 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.
Since 2015, Chesmar Foundation has awarded 266 individual grants totaling $745,302. 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 |
|---|---|---|---|
Donald P Klein Director | 0 | $0 | |
Melissa Klein Director | 0 | $0 | |
Jeanne Toth Director | 0 | $0 | |
Janet L Klein Director | 0 | $0 | |
Seth Tobey Director | 0 | $0 | |
Jana Blackburn Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,939 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,620 |
| Capital Gain Net Income | $4,620 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,259 |
| Total Revenue | $2,009,818 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $334 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,630 |
| Contributions, gifts, grants paid | $162,168 |
| Total expenses and disbursements | $165,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,415,506 |
| 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 | $212,500 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,628,006 |
| 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, Chesmar Foundation has awarded $162,168 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
Rye Brook, NY PURPOSE: CHARITABLE CONTRIBUTION | $12,675 |
Houston, TX PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
LITERACY NOW HOUSTON PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Houston, TX PURPOSE: CHARITABLE CONTRIBUTION | $8,000 |
LORENA RIVERA PURPOSE: SCHOLARSHIP | $7,714 |
ANNELLISE CHAVEZ PURPOSE: SCHOLARSHIP | $7,369 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saudi Aramco Ret Welfare Ben Tr Houston, TX | $29,146 | $26,385,582 |
San Angelo Area Foundation San Angelo, TX | $221,834,647 | $42,062,458 |
Mercy Ships Foundation Lindale, TX | $100,019,661 | $12,520,932 |
Texas Womens Foundation Dallas, TX | $33,197,240 | $8,443,158 |
Gayle And Tom Benson Charitablefoundation Metairie, LA | $44,526 | $10,673,881 |
The Oscar J Tolmas Charitable Trust Metairie, LA | $58,086,420 | $4,279,649 |
The University Of Texas At Tyler Education Inc Tyler, TX | $0 | $51,128 |
University Of Arkansas Technology Development Foundation Fayetteville, AR | $18,380,736 | $2,093,754 |
Butcher Fund Houston, TX | $0 | $254,062 |
Lensic Performing Arts Center Corporation Santa Fe, NM | $15,012,313 | $4,156,320 |
John R & Greli N Less Charitable Trust San Antonio, TX | $117,218,576 | $120,089,499 |
St Davids Community Health Foundation Initiatives Austin, TX | $27,867,184 | $2,942,176 |