George E Seay Iii Foundation
- Assets
- $2.8m
- Revenue
- $420.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 07/2002
- Data as of
- 12/2020
- EIN
- 73-1645127
Organization Overview
George E Seay Iii Foundation is located in Dallas, TX. The organization was established in 2002. 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. George E Seay Iii 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 12/2020, George E Seay Iii Foundation generated $420.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $899.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (15.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, George E Seay Iii Foundation has awarded 170 individual grants totaling $4,579,719. 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 |
|---|---|---|---|
George E Seay III Director | 10 | $0 | |
Nancy Clements Seay Director | 2 | $0 | |
David Epperson Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $403,050 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,627 |
| Net Rental Income | -$11,588 |
| Net Gain on Sale of Assets | -$293,756 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $305,285 |
| Total Revenue | $420,175 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,041 |
| Depreciation | $10,831 |
| Occupancy | $24,000 |
| Travel, conferences, and meetings | $3,774 |
| Printing and publications | $0 |
| Other expenses | $255,190 |
| Total operating and administrative expenses | $295,836 |
| Contributions, gifts, grants paid | $604,112 |
| Total expenses and disbursements | $899,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,771 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $82,226 |
| 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 | $0 |
| Net Land, buildings, and equipment | $149,183 |
| Other assets | $2,404,249 |
| Total assets | $2,779,429 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $15,100 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $374,871 |
| Total liabilities | $389,971 |
Grants Awarded
Over the last fiscal year, George E Seay Iii Foundation has awarded $1,050,246 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
CLEMENTS CENTER FOR NATIONAL SECURITY PURPOSE: TO PROVIDE FUNDING FOR NATIONAL SECURITY STUDIES AT SCHOOLS | $210,000 |
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: A COMMUNITY WORKING TOGETHER TO SOLVE CHALLENGES FACING SOCIETY, BLENDING RESEARCH AND DISCOVERY WITH LEARNING | $150,000 |
ISRAEL-TX SCIENCE & EDUCATION FOUNDATION PURPOSE: TO EXPAND ECONOMIC TIES BETWEEN TEXAS AND ISRAEL | $110,000 |
TRINITY FORUM EUROPE PURPOSE: RELIGIOUS | $108,000 |
VANDENBERG COALITION PURPOSE: TO ASSIST THE ORGANIZATION IN ACHIEVING ITS CHARITABLE MISSION. | $50,000 |
ANAGO PARTNERS PURPOSE: RELIGIOUS | $44,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |