J E And L E Mabee Foundation Inc
- Assets
- $774.3m
- Revenue
- $132.4m
- Investments
- $738.9m
- Employees
- 0
- Location
- Midland, TX
- Founding
- 12/1949
- Data as of
- 08/2023
- EIN
- 73-6090162
Organization Overview
J E And L E Mabee Foundation Inc is located in Midland, TX. The organization was established in 1949. 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. J E And L E Mabee Foundation Inc 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 08/2023, J E And L E Mabee Foundation Inc generated $132.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $112.4m during the year ending 08/2023. While expenses have increased by 12.4% 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, J E And L E Mabee Foundation Inc has awarded 1,119 individual grants totaling $664,933,784. 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 |
|---|---|---|---|
Campbell R Danny Trustee, Secretary, Treasurer | 10 | $40,000 | |
Daggett Greg Trustee | 10 | $40,000 | |
Jones J Edward Trustee | 10 | $40,000 | |
Mabee Guy Trustee | 10 | $40,000 | |
Mabee John W Chairman | 20 | $40,000 | |
Tullius Raymond L Trustee, Vice Chairman | 20 | $40,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Americana Partners | 8/30/23 | $200,000 |
Goldman Sachs | 8/30/23 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,735,845 |
| Dividends & Interest | $36,086,900 |
| Net Rental Income | $50,447,535 |
| Net Gain on Sale of Assets | $37,983,916 |
| Capital Gain Net Income | $37,983,916 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,000,000 |
| Total Revenue | $132,447,203 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $639,570 |
| Other employee salaries and wages | $767,285 |
| Pension plans, employee benefits | $276,117 |
| Interest | $0 |
| Taxes | $3,873,989 |
| Depreciation | $77,000 |
| Occupancy | $194,202 |
| Travel, conferences, and meetings | $54,182 |
| Printing and publications | $0 |
| Other expenses | $546,867 |
| Total operating and administrative expenses | $6,739,212 |
| Contributions, gifts, grants paid | $105,658,983 |
| Total expenses and disbursements | $112,398,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,415,224 |
| Savings and temporary cash investments | $26,924,922 |
| 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 | $235,352 |
| Net Investments - land, buildings, equipment | $5,732,938 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,069,226 |
| Net Land, buildings, and equipment | $92,615 |
| Other assets | $0 |
| Total assets | $774,290,927 |
| 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, J E And L E Mabee Foundation Inc has awarded $105,658,983 in support to 119 organizations.
| Grant Recipient | Amount |
|---|---|
CAROLINA CREEK CHRISTIAN CAMP PURPOSE: COMMUNITY OUTREACH | $1,400,000 |
CAMP TYLER FOUNDATION PURPOSE: YOUTH DEVELOPMENT | $75,000 |
CATHOLIC CHARITIES OF SOUTHERN MISSOURI INC PURPOSE: COMMUNITY OUTREACH | $675,000 |
CASA DE AMIGOS PURPOSE: COMMUNITY OUTREACH | $30,000 |
CASA ESPERANZA INC PURPOSE: COMMUNITY OUTREACH | $135,000 |
CHILD ABUSE NETWORK INC PURPOSE: YOUTH DEVELOPMENT | $1,675,000 |