Mechia Foundation
- Assets
- $2.1m
- Revenue
- $111.1k
- Investments
- $1.9m
- Employees
- 0
- Location
- Beaumont, TX
- Founding
- 01/1978
- Data as of
- 12/2023
- EIN
- 74-1948840
Organization Overview
Mechia Foundation is located in Beaumont, TX. The organization was established in 1978. 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. Mechia 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 12/2023, Mechia Foundation generated $111.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $742.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mechia Foundation has awarded 2,824 individual grants totaling $11,714,494. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $102,394 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,673 |
| Capital Gain Net Income | $8,673 |
| Net ST Capital Gain | $4,117 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $111,067 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $53,430 |
| Pension plans, employee benefits | $4,088 |
| Interest | $0 |
| Taxes | $1,342 |
| Depreciation | $0 |
| Occupancy | $9,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $188 |
| Total operating and administrative expenses | $88,673 |
| Contributions, gifts, grants paid | $653,496 |
| Total expenses and disbursements | $742,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,394 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $726,978 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,724 |
| Total assets | $2,069,473 |
| 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, Mechia Foundation has awarded $645,272 in support to 215 organizations.
| Grant Recipient | Amount |
|---|---|
100 CLUB SOUTHEAST TEXAS PURPOSE: CONTINUING OPERATIONS | $100 |
AID TO VICTIMS OF DOMESTIC ABUSE PURPOSE: CONTINUING OPERATIONS | $1,000 |
ALL SAINTS EPISCOPAL SCHOOL PURPOSE: CONTINUING OPERATIONS | $1,000 |
ALZHEIMERS ASSOCIATION PURPOSE: CONTINUING OPERATIONS | $11,000 |
AMERICAN CANCER SOCIETY HOUSTON PURPOSE: CONTINUING OPERATIONS | $175 |
AMERICAN FESTIVAL FOR THE ARTS PURPOSE: CONTINUING OPERATIONS | $500 |