Marshal Verne Ross Foundation Inc
- Assets
- $0.0
- Revenue
- $540.2k
- Investments
- $4.0m
- Employees
- 0
- Location
- Bryan, TX
- Founding
- 03/1998
- Data as of
- 12/2020
- EIN
- 74-2864663
Organization Overview
Marshal Verne Ross Foundation Inc is located in Bryan, TX. The organization was established in 1998. 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. Marshal Verne Ross 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 12/2020, Marshal Verne Ross Foundation Inc generated $540.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $429.7k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marshal Verne Ross Foundation Inc has awarded 95 individual grants totaling $2,103,030. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE (THE FOUNDATION'S ONLY PURPOSE IS MAKING GRANTS TO TAX EXEMPT ORGANIZATIONS.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marsha Frances Ross Shaer Director | 1 | $0 | |
Amanda Lee Ross Versari Director | 1 | $0 | |
Mary Frances Ross President | 2 | $0 | |
Margaret Purvis Vice President | 1 | $0 | |
Woody Thompson Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35 |
| Dividends & Interest | $104,558 |
| Profit on Inventory Sales | $0 |
| Other Income | $145,050 |
| Total Revenue | $540,211 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $21,566 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $712 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $117,189 |
| Contributions, gifts, grants paid | $312,500 |
| Total expenses and disbursements | $429,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,861 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $8,395 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Marshal Verne Ross Foundation Inc has awarded $338,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS TECH UNIVERSITY PURPOSE: SCHOLARSHIPS TO SCHOOLS OF NURSING, HEALTH PROFESSIONS, PA'S AND THIRD YEAR MEDICAL STUDENTS | $90,000 |
CHI ST JOSEPH PURPOSE: SCHOLARSHIPS; ADVANCING TECHNOLOGY & SAVING LIVES 3D MAMMOGRAPHY | $40,000 |
Midland, TX PURPOSE: HOSPITAL EQUIPMENT | $28,000 |
LAURA W BUSH INST FOR WOMEN'S HEALT PURPOSE: INFANT RISK CENTER | $25,000 |
BOYS AND GIRLS CLUB PURPOSE: SUPPORT FOR CLUB PROGRAMS | $25,000 |
BAYLOR SCOTT WHITE CENTRAL TX FDN PURPOSE: GENERAL OPERATING NEEDS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |