The Roy F And Joann Cole Mitte Foundation
- Assets
- $0.0
- Revenue
- $1.1m
- Investments
- $9.4m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 74-2766058
Organization Overview
The Roy F And Joann Cole Mitte Foundation is located in Austin, TX. The organization was established in 1996. 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. Roy F And Joann Cole Mitte 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, Roy F And Joann Cole Mitte Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.2% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 6.9% 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, Roy F And Joann Cole Mitte Foundation has awarded 475 individual grants totaling $5,526,272. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MITTE CULTURAL DISTRICT IS A 501(C)(3) PUBLIC CHARITY ORGANIZED BY THE CITY OF BROWNSVILLE, TEXAS TO PROMOTE AND ENHANCE HISTORICAL, CULTURAL, AND EDUCATIONAL ACTIVITIES THROUGH PROGRAMMING AND CULTURAL EVENTS. THE MITTE FOUNDATION DEVELOPMENT PROJECT INCLUDES CONSTRUCTION OF VENUES AND PARKING FACILITIES DESIGNED TO ENHANCE THE MITTE CULTURAL DISTRICT'S ABILITY TO PROVIDE PROGRAMS AND EVENTS ADDRESSING VARIOUS COMMUNITY NEEDS, INCLUDING, BUT NOT LIMITED TO, ACTIVITIES DESIGNED TO EXPAND AWARENESS OF HEALTH AND WELFARE, ART AND CULTURE, CAREER AND EDUCATIONAL OPPORTUNITIES, AND CHARITABLE ORGANIZATION ADMINISTRATIVE/COOPERATIVE EFFORTS. IN 2022, THE MITTE FOUNDATION DEVOTED CAPITAL EXPENDITURES AND PROJECT OVERSIGHT COSTS OF $1,410,816 TOWARDS THIS PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rj Mitte President | 8 | $19,346 | |
John Butler Treasurer | 6 | $17,778 | |
Dianne Carriere Secretary | 6 | $17,778 | |
Lacianne Carriere Director | 3 | $7,218 | |
Tyler Carriere Director | 2 | $15,288 | |
Joseph C Mccormick Director | 2 | $15,288 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenthumb Landscaping | 12/30/22 | $586,688 |
Decorative Concrete Design Llc | 12/30/22 | $57,153 |
Ssp Design Llc | 12/30/22 | $52,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,610 |
| Dividends & Interest | $154,587 |
| Profit on Inventory Sales | $0 |
| Other Income | $69,753 |
| Total Revenue | $1,131,951 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $287,453 |
| Pension plans, employee benefits | $82,747 |
| Depreciation | $37,663 |
| Occupancy | $56,757 |
| Travel, conferences, and meetings | $15,858 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,633,312 |
| Contributions, gifts, grants paid | $404,050 |
| Total expenses and disbursements | $2,037,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,452 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,901,845 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Roy F And Joann Cole Mitte Foundation has awarded $380,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
WESLEY BEAMAN PURPOSE: SCHOLARSHIP | $10,000 |
DAVID DUNLAP PURPOSE: SCHOLARSHIP | $10,000 |
FAITH GEISTWEIDT PURPOSE: SCHOLARSHIP | $10,000 |
ALYDIA LITTLE PURPOSE: SCHOLARSHIP | $10,000 |
AROHAN SHRESTHA PURPOSE: SCHOLARSHIP | $10,000 |
HARRISON MAYHEW PURPOSE: SCHOLARSHIP | $10,000 |