Frances E Maddox Foundation
- Assets
- $5.4m
- Revenue
- $7.0k
- Investments
- $5.2m
- Employees
- 1
- Location
- Amarillo, TX
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 75-2859064
Organization Overview
Frances E Maddox Foundation is located in Amarillo, TX. The organization was established in 2001. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frances E Maddox Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Frances E Maddox Foundation has awarded 97 individual grants totaling $1,443,466. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES, INCLUDING FACILITATION OF LOW INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST IN THE DEVELOPMENT OF LOW TO MODERATE INCOME HOUSING AND EDUCTION PROGRAMS. OWNS AND OPERATES A LOW INCOME AFFORDABLE HOUSING COMPLEX IN HURST, TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candy Wilbur Director | 0.5 | $0 | |
Linda Cunyus Secretary/tr | 0.5 | $0 | |
Tamme Aureli President | 4.5 | $6,757 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,440 |
| Dividends & Interest | $119,175 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$117,639 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,976 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,757 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $517 |
| Interest | $0 |
| Taxes | $12,153 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $98 |
| Total operating and administrative expenses | $76,338 |
| Contributions, gifts, grants paid | $327,000 |
| Total expenses and disbursements | $403,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,318 |
| Savings and temporary cash investments | $147,074 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,591 |
| Total assets | $5,379,768 |
| 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, Frances E Maddox Foundation has awarded $327,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMARILLO AREA CASA PURPOSE: SUPPORT | $20,000 |
AMARILLO SPCA PURPOSE: SUPPORT | $10,000 |
ANIMAL RESCUE SHELTER INC PURPOSE: SUPPORT | $10,000 |
DOWNTOWN WOMEN'S CENTER PURPOSE: SUPPORT | $18,750 |
ANOTHER CHANCE HOUSE PURPOSE: SUPPORT | $12,500 |
DON HARRINGTON DISCOVERY CENTER PURPOSE: SUPPORT | $37,500 |