John P Mcgovern Foundation
- Assets
- $125.5m
- Revenue
- $22.9m
- Investments
- $85.7m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/1963
- Data as of
- 12/2023
- EIN
- 74-6053075
Organization Overview
John P Mcgovern Foundation is located in Houston, TX. The organization was established in 1963. 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. John P Mcgovern 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, John P Mcgovern Foundation generated $22.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 34.0% each year . All expenses for the organization totaled $9.4m during the year ending 12/2023. While expenses have increased by 0.8% per year over the past 5 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 2020, John P Mcgovern Foundation has awarded 1,101 individual grants totaling $46,332,002. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathrine Mcgovern President (dec. 12/1/23) | 24 | $114,583 | |
William C Shrader Vice President | 5 | $15,000 | |
Julia Mitchell Secretary | 20 | $133,991 | |
Sheila Lewis Treasurer | 24 | $119,300 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Financial Services Inc | 12/30/23 | $420,425 |
Insperity Inc | 12/30/23 | $86,096 |
Blazek & Vetterling | 12/30/23 | $51,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,000,000 |
| Interest on Savings | $950,449 |
| Dividends & Interest | $2,680,831 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,268,362 |
| Capital Gain Net Income | $2,268,362 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,899,642 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $382,874 |
| Other employee salaries and wages | $107,263 |
| Pension plans, employee benefits | $70,649 |
| Interest | $0 |
| Taxes | $104,342 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $953 |
| Printing and publications | $0 |
| Other expenses | $33,984 |
| Total operating and administrative expenses | $1,304,163 |
| Contributions, gifts, grants paid | $8,045,919 |
| Total expenses and disbursements | $9,350,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $831,270 |
| Savings and temporary cash investments | $38,759,319 |
| Net Accounts receivable | $164,528 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $125,486,624 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $62,453,500 |
| 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 | $62,453,500 |
Grants Awarded
Over the last fiscal year, John P Mcgovern Foundation has awarded $6,639,500 in support to 223 organizations.
| Grant Recipient | Amount |
|---|---|
ALCOHOL AND DRUG ABUSE WOMEN'S CENTER PURPOSE: GENERAL SUPPORT | $1,500 |
ART & ENVIRONMENTAL ARCHITECTURE INC PURPOSE: JAMES BUTE PARK AND FROST TOWN HISTORIC SITE | $1,000 |
ARTIST BOAT PURPOSE: PROGRAM SUPPORT | $25,000 |
ARTIST BOAT PURPOSE: GENERAL SUPPORT | $1,500 |
BAKERRIPLEY PURPOSE: SENIOR HEALTH AND WELLNESS PROGRAM | $65,000 |
AMERICAN FESTIVAL FOR THE ARTS PURPOSE: SUMMER MUSIC EDUCATION/ENRICHMENT PROGRAM | $10,000 |