Semmes Foundation Inc
- Assets
- $22.9m
- Revenue
- $2.4m
- Investments
- $19.5m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 08/1954
- Data as of
- 12/2022
- EIN
- 74-6062264
Organization Overview
Semmes Foundation Inc is located in San Antonio, TX. The organization was established in 1954. 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. Semmes 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 12/2022, Semmes Foundation Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Semmes Foundation Inc has awarded 66 individual grants totaling $12,422,650. 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 |
|---|---|---|---|
Thomas R Semmes President | 15 | $0 | |
Douglas R Semmes Director | 1 | $0 | |
Patricia Semmes Vice-President/secretary | 1 | $0 | |
William M Fisher Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $241 |
| Dividends & Interest | $1,119,407 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $538,573 |
| Capital Gain Net Income | $538,573 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $759,211 |
| Total Revenue | $2,417,432 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $105,073 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,020 |
| Other expenses | $24,560 |
| Total operating and administrative expenses | $390,594 |
| Contributions, gifts, grants paid | $3,101,150 |
| Total expenses and disbursements | $3,491,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,337 |
| Savings and temporary cash investments | $3,326,797 |
| 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 | $14,361 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,979 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,669 |
| Total assets | $22,912,981 |
| 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, Semmes Foundation Inc has awarded $3,101,150 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ALAMO COLLEGES FOUNDATION PURPOSE: STEM SCHOLARSHIP | $100,000 |
CHILDRENS BEREAVEMENT CENTER PURPOSE: STAFFING SUPPORT | $75,000 |
OUR LADY OF THE LAKE UNIVERSITY PURPOSE: PRESIDENT'S DISCRETIONARY FUND | $100,000 |
SAN ANTONIO AREA FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000,000 |
TEXAS BAR FOUNDATION PURPOSE: LEGAL AID | $2,000 |
TEXAS BIOMEDICAL RESEARCH INSTITUTE PURPOSE: MEDICAL RESEARCH SUPPORT | $1,150 |