Marrs Mclean Trust
- Assets
- $11.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 11/1986
- Data as of
- 04/2022
- EIN
- 74-6342783
Organization Overview
Marrs Mclean Trust is located in San Antonio, TX. The organization was established in 1986. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marrs Mclean Trust 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 04/2022, Marrs Mclean Trust generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $643.4k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marrs Mclean Trust has awarded 27 individual grants totaling $4,559,454. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOR PURPOSES OF FORM 990, "THE ORGANIZATION" WILL REFER TO FROST BANK, THE INSTITUTIONAL TRUSTEE OF THIS CHARITABLE TRUST. FROST BANK CARRIES OUT THE INTENT AND DIRECTIONS PROVIDED IN THE GOVERNING DOCUMENT OF THE TRUST. THE SETTLOR OF THIS TRUST DIRECTED THAT THE ENDOWMENT FUND BE ORGANIZED AND OPERATED TO SUPPORT THREE NAMED PUBLICLY SUPPORTED SEC 501(C)(3) ORGANIZATIONS. THE NET INCOME FROM THE INVESTMENTS IS DISTRIBUTED IN FIXED PERCENTAGES TO OR FOR THE BENEFIT OF THE NAMED ORGANIZATIONS. THE MARRS MCLEAN TRUST IS AN ENDOWMENT FUND CREATED UNDER THE WILL OF VERNA HOOKS MCLEAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO: BAYLOR UNIVERSITY WACO, TEXAS
PROVIDE SUPPORT TO: BAYLOR COLLEGE OF MEDICINE HOUSTON, TEXAS
PROVIDE SUPPORT TO: TRINITY UNIVERSITY SAN ANTONIO, TEXAS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $175,048 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $313,139 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $818,796 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,329,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $577,063 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $19,533 |
| Compensation of current officers, directors, key employees. | $19,533 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,868 |
| Fees for services: Accounting | $5,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $643,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $62,328 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,014,710 |
| Investments—publicly traded securities | $7,772,619 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,736,512 |
| Total assets | $11,586,169 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $11,586,169 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,586,169 |
Grants Awarded
Over the last fiscal year, Marrs Mclean Trust has awarded $577,063 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Waco, TX PURPOSE: TO PROVIDE SUPPORT TO THE SCHOOL PER TRUST INSTRUMENT | $192,361 |
Houston, TX PURPOSE: TO PROVIDE SUPPORT TO THE SCHOOL PER TRUST INSTRUMENT | $192,361 |
San Antonio, TX PURPOSE: TO PROVIDE SUPPORT TO THE SCHOOL PER TRUST INSTRUMENT | $192,341 |
Endowment Analysis
| Beg. Balance | $10,899,581 |
| Earnings | $1,329,961 |
| Admin Expense | $66,310 |
| Grants | $577,063 |
| Ending Balance | $11,586,169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wiley College Marshall, TX | $47,591,110 | $22,498,532 |
Meadow Oaks Education Foundation Mesquite, TX | $6,337,401 | $20,503,410 |
Harold E Riley Foundation Fort Worth, TX | $357,850 | $584,984 |
Compass Rose Education Inc San Antonio, TX | $15,459,454 | $19,431,467 |
Three Oclock Project Baton Rouge, LA | $1,930,450 | $18,582,179 |
Athlos Louisiana Terrytown, LA | $4,119,183 | $17,119,142 |
Nmc Inc Los Alamos, NM | $8,318,653 | $11,151,295 |
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |