J E And L E Mabee Foundation Inc

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 08/2022, J E And L E Mabee Foundation Inc generated $130.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $73.3m during the year ending 08/2022. While expenses have increased by 6.8% per year over the past 6 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 1,103 individual grants totaling $612,811,246. 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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Americana Partners
$264,012
Goldman Sachs
$173,747
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $82,744
Dividends & Interest $35,708,903
Net Rental Income$62,686,916
Net Gain on Sale of Assets $30,611,316
Capital Gain Net Income $30,611,316
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $130,151,698

Grants Awarded

Over the last fiscal year, J E And L E Mabee Foundation Inc has awarded $68,141,444 in support to 88 organizations.

Grant RecipientAmount

PERMIAN BASIN AREA FOUNDATION

Org PageRecipient Profile

Midland, TX

PURPOSE: BUILDING RENOVATION RECREATIONAL

$5,000,000

MERCY HEALTH FOUNDATION OKLAHOMA CITY

Org PageRecipient Profile

Oklahoma City, OK

PURPOSE: BUILDING (NEW) HOSPITAL OR CLINIC

$4,000,000

SENIOR LIFE MIDLAND INC

Org PageRecipient Profile

Midland, TX

PURPOSE: BUILDING (NEW) MULTI-PURPOSE

$2,000,000

WELCOME HOUSE INC

Org PageRecipient Profile

Kansas City, MO

PURPOSE: BUILDING (NEW) ACTIVITIES CENTER

$2,000,000

Springfield, MO

PURPOSE: BUILDING (NEW) OFFICE

$2,000,000

METROCREST SERVICES

Org PageRecipient Profile

Farmers Branch, TX

PURPOSE: BUILDING (NEW) MULTI-PURPOSE

$2,000,000
View Grant Profile

Peer Organizations

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