Moody Foundation
- Assets
- $975.0m
- Revenue
- $132.7m
- Investments
- $917.6m
- Employees
- 0
- Location
- Galveston, TX
- Founding
- 10/1943
- Data as of
- 12/2021
- EIN
- 74-1403105
Organization Overview
Moody Foundation is located in Galveston, TX. The organization was established in 1943. 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. Moody 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 12/2021, Moody Foundation generated $132.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $82.7m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 4 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 2019, Moody Foundation has awarded 1,016 individual grants totaling $598,565,701. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances A Moody-Dahlberg Trustee/chair | 10 | $85,080 | |
Garrik C Addison CFO | 37.5 | $202,838 | |
Allan Matthews Dir Of Grants | 37.5 | $175,630 | |
Jamie Williams Hr Dir | 37.5 | $158,547 | |
Angela Blair Education Dir | 37.5 | $117,605 | |
Ross R Moody Trustee/vice Chair | 10 | $85,080 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan | 12/30/21 | $452,473 |
Ubs | 12/30/21 | $446,952 |
Moody National Bank | 12/30/21 | $426,408 |
Eversheds Sutherland Us Llp | 12/30/21 | $157,438 |
Thompson & Knight | 12/30/21 | $446,118 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $28,952,118 |
| Interest on Savings | $815 |
| Dividends & Interest | $40,302,389 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,401,674 |
| Capital Gain Net Income | $47,286,202 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,085,255 |
| Total Revenue | $132,742,251 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $255,241 |
| Other employee salaries and wages | $1,722,085 |
| Pension plans, employee benefits | $666,758 |
| Interest | $0 |
| Taxes | $1,180,555 |
| Depreciation | $201,295 |
| Occupancy | $154,961 |
| Travel, conferences, and meetings | $39,058 |
| Printing and publications | $0 |
| Other expenses | $1,548,116 |
| Total operating and administrative expenses | $8,583,865 |
| Contributions, gifts, grants paid | $74,104,087 |
| Total expenses and disbursements | $82,687,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,504,383 |
| 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 | $150,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $1,500,308 |
| Investments—mortgage loans | $0 |
| Investments—other | $76,101,182 |
| Net Land, buildings, and equipment | $211,580 |
| Other assets | $51,700 |
| Total assets | $975,031,131 |
| 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, Moody Foundation has awarded $181,826,397 in support to 324 organizations.
| Grant Recipient | Amount |
|---|---|
RICE UNIVERSITY PURPOSE: THE MOODY CENTER FOR STUDENT LIFE AND OPPORTUNITY/THE MOODY FUND FOR STUDENT OPPORTUNITY | $85,000,000 |
Dallas, TX PURPOSE: MOODY SCHOOL OF GRADUATE & ADVANCED STUDIES FUND | $15,000,000 |
RICE UNIVERSITY PURPOSE: THE MOODY FUND FOR STUDENT OPPORTUNITY | $15,000,000 |
UT AT AUSTINDEPT OF INTERCOLLEGIATE ATHLETICS PURPOSE: GENERAL SUPPORT | $6,500,000 |
GALVESTON ISLAND DAY SCHOOLMOODY EARLY CHILDHOOD CENTER PURPOSE: MOODY EARLY CHILDHOOD CENTER-THE NEXT STEPS | $5,900,000 |
Dallas, TX PURPOSE: MOODY EDUCATION SOLUTIONS ACCELERATOR | $4,990,759 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Musk Foundation Austin, TX | $379,579,235 | $6,029,889,623 |
Robert A Welch Foundation 062491 Houston, TX | $0 | $39,430,202 |
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 |