Madison Alexander Cooper And Martha Roane Cooper Foundation
- Assets
- $95.3m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 2
- Location
- Waco, TX
- Founding
- 09/1947
- Data as of
- 03/2022
- EIN
- 74-1272389
Organization Overview
Madison Alexander Cooper And Martha Roane Cooper Foundation is located in Waco, TX. The organization was established in 1947. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 03/2022, Madison Alexander Cooper And Martha Roane Cooper Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Alexander Cooper And Martha Roane Cooper 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 03/2022, Madison Alexander Cooper And Martha Roane Cooper Foundation generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $3.3m during the year ending 03/2022. While expenses have increased by 14.3% 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, Madison Alexander Cooper And Martha Roane Cooper Foundation has awarded 269 individual grants totaling $13,626,031. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GRANT MAKING TO NON PROFIT ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE OF THE FOUR FOCUS AREAS OF THE MADISON ALEXANDER COOPER AND MARTHA ROANE COOPER FOUNDATION IS COMMUNITY BUILDING AND SOCIAL SERVICES IN THE WACO AREA. DURING THE FISCAL YEAR, GRANTS WERE MADE FOR THE FOLLOWING COMMUNITY BUILDING AND SOCIAL SERVICES: BATHROOM RENOVATIONS, SPANISH-SPEAKING CALL CENTER, FEEDING PROGRAMS & FOOD DISTRIBUTION, MEDIATION SERVICES, SUMMER ACTIVITIES, PROGRAMMING FOR CHILDREN OF INCARCERATED MOTHERS, THE PURCHASE OF A NEW FACILITY, RAPID WORKFORCE TRAINING, A NEW WEBSITE, A COMMUNITY SNAP PLAN, SERVICES FOR AUTISTIC CHILDREN, GREENSPACE EXPANSION, DONATION PICK-UP AND DELIVERY TRUCK, CONSTRUCTION OF A HOUSE, SUPPORT OF FINANCE DEPARTMENT EXPANSION.
ANOTHER FOCUS AREA FOR THE FOUNDATION IS ARTS, CULTURE, AND RECREATION. DURING THE FISCAL YEAR, THE FOUNDATION MADE GRANTS FOR THE FOLLOWING PURPOSES: MOVING AND UPGRADING AN HVAC SYSTEM, UPGRADING A WEBSITE AND CRM SYSTEM, REPLACING A GYM CHILLER, PURCHASING NEW COMPUTERS, UPDATING AN ELEVATOR, SUPPORTING A SUMMER ART PROGRAM, AND PURCHASING NEW COMPUTERS AND SOFTWARE.
TWO MORE FOCUS AREAS FOR THE FOUNDATION ARE EDUCATION AND HEALTH. DURING THE FISCAL YEAR, THE FOUNDATION MADE GRANTS FOR THE FOLLOWING PURPOSES: EDUCATION PAVILION, SUMMER ENTREPRENEURSHIP PROGRAM, LIBRARY UPGRADES, MEDICAL EQUIPMENT, PREVENTIVE HEALTHCARE FOR WOMEN, BLOOD DISTRIBUTION VAN, PATIENT ASSISTANCE FUND & TELEMEDICINE WORKSTATIONS, AND A SEROLOGICAL SURVEILLANCE STUDY OF COVID-19 IN WACO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felicia Chase Goodman Executive Director | Officer | 40 | $127,497 |
Dr Roland Goertz Chairman | OfficerTrustee | 2 | $0 |
David Lacy Vice Chair | OfficerTrustee | 1.5 | $0 |
Sharon Shields Secretary/treasurer | OfficerTrustee | 2 | $0 |
Dale Fisseler Trustee | Trustee | 1.5 | $0 |
Virginia Dupuy Trustee | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $857 |
| Total Program Service Revenue | $0 |
| Investment income | $1,222,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,610 |
| Net Rental Income | $10,046 |
| Net Gain/Loss on Asset Sales | $5,533,819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,777,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,724,746 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $179,228 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,711 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $248,591 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $123 |
| Information technology | $13,335 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,498 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $32,770 |
| All other expenses | $14,767 |
| Total functional expenses | $3,317,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,393,691 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $162,352 |
| Investments—publicly traded securities | $93,523,622 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $266,675 |
| Total assets | $95,346,340 |
| Accounts payable and accrued expenses | $2,175 |
| Grants payable | $338,617 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $340,792 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $95,005,548 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $95,346,340 |
Grants Awarded
Over the last fiscal year, Madison Alexander Cooper And Martha Roane Cooper Foundation has awarded $2,711,506 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Waco, TX PURPOSE: SUPPORT FOR THE COUNSELING SERVICES WING OF THE CENTRAL CAMPUS REDEVELOPMENT | $750,000 |
Waco, TX PURPOSE: TWO ART CLASSROOMS | $250,000 |
Dallas, TX PURPOSE: REPRODUCTIVE HEALTHCARE SERVICES | $200,000 |
CEN-TEX HISPANIC CHAMBER OF COMMERCE PURPOSE: STAFFING AND TECHNOLOGY TO SUPPORT THE LA SALLE CORRIDOR DEVELOPMENT | $179,500 |
Waco, TX PURPOSE: STAFF ADDITIONS AND OFFICE SPACE SUPPORT | $150,000 |
Waco, TX PURPOSE: CAPITAL IMPROVEMENTS TO MCC BOSQUE RIVER BALLPARK | $150,000 |
Endowment Analysis
| Beg. Balance | $91,555,930 |
| Earnings | $6,521,583 |
| Net Contributions | $857 |
| Other Expense | $345,601 |
| Grants | $2,727,221 |
| Ending Balance | $95,005,548 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leta Mcfarlin Chapman Memorial Tr Tulsa, OK | $288,782,253 | $9,376,594 |
Nancy Ann Hunt Foundation Dallas, TX | $31,623,544 | $3,101,295 |
Don & Sybil Harrington Foundation Amarillo, TX | $137,610,156 | $21,691,315 |
John G Kenedy Jr Charitable Trust San Antonio, TX | $156,709,366 | $16,142,301 |
Bnsf Foundation Fort Worth, TX | $5,580,534 | $10,145,505 |
Walter S & Evan C Jones Trust Bank Iv Kansas Na Ttee Dallas, TX | $63,158,301 | $11,519,606 |
Thomas M & Helen Mckee & John P Ryan Foundation Inc Fort Worth, TX | $135,188,288 | $6,250,331 |
Charles G Woodward Tr Uw Dallas, TX | $129,576,152 | $18,439,245 |
John G Kenedy Jr Charitable Tr -Surface Estate Tr San Antonio, TX | $47,111,872 | $10,559,440 |
Mccombs Enterprises Flexible Benefit Cafeteria Plan & Trust San Antonio, TX | $5,330,904 | $6,919,349 |
J A & Leta M Chapman Tr 10267 Tulsa, OK | $125,788,673 | $4,652,723 |
David M Crowley Foundation Dallas, TX | $161,428,863 | $16,560,741 |