Greehey Family Foundation
- Assets
- $163.9m
- Revenue
- $8.9m
- Investments
- $159.4m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 05/2003
- Data as of
- 12/2023
- EIN
- 48-1308657
Organization Overview
Greehey Family Foundation is located in San Antonio, TX. The organization was established in 2003. 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. Greehey 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 12/2023, Greehey Family Foundation generated $8.9m 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 (4.2%) each year. All expenses for the organization totaled $10.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 0 | $0 | |
Name Not Listed Vice President/sec./treasurer | 0 | $0 | |
Name Not Listed Director | 0 | $15,000 | |
Name Not Listed Director | 0 | $15,000 | |
Name Not Listed Director | 0 | $15,000 | |
Name Not Listed Director | 0 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $273,315 |
| Dividends & Interest | $4,116,119 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,517,046 |
| Capital Gain Net Income | $3,517,046 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,024,645 |
| Total Revenue | $8,931,125 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $275,973 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $209,351 |
| Total operating and administrative expenses | $1,581,920 |
| Contributions, gifts, grants paid | $8,786,915 |
| Total expenses and disbursements | $10,368,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,429,013 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $38,750 |
| 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 | $25,110,297 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $163,858,267 |
| 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 |