Mike & Mary Terry Family Foundation
- Assets
- $5.8m
- Revenue
- $634.9k
- Investments
- $5.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 75-2902847
Organization Overview
Mike & Mary Terry Family Foundation is located in Dallas, TX. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Mike & Mary Terry Family 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 12/2022, Mike & Mary Terry Family Foundation generated $634.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mike & Mary Terry Family Foundation has awarded 80 individual grants totaling $4,293,258. 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 |
|---|---|---|---|
Michael F Terry Vice President & Treasurer | 4 | $0 | |
Mary D Terry Secretary | 5 | $0 | |
Melissa T Pridmore President | 7 | $0 | |
Michael F Terry Jr Board Member | 0 | $0 | |
Travis Terry Board Member | 0 | $0 | |
Christina Collins Executive Director | 40 | $81,575 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $174,216 |
| Interest on Savings | $0 |
| Dividends & Interest | $275,832 |
| Net Rental Income | $4,155 |
| Net Gain on Sale of Assets | $60,658 |
| Capital Gain Net Income | $60,658 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $177 |
| Total Revenue | $634,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $81,575 |
| Other employee salaries and wages | $15,289 |
| Pension plans, employee benefits | $7,293 |
| Interest | $15,452 |
| Taxes | $20,625 |
| Depreciation | $11,818 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $220,310 |
| Total operating and administrative expenses | $409,854 |
| Contributions, gifts, grants paid | $942,195 |
| Total expenses and disbursements | $1,352,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,228 |
| Savings and temporary cash investments | $130,323 |
| 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 | $8,464 |
| 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 | $10,000 |
| Total assets | $5,800,420 |
| Accounts payable and accrued expenses | $5,109 |
| 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 | $4,403 |
| Total liabilities | $9,512 |
Grants Awarded
Over the last fiscal year, Mike & Mary Terry Family Foundation has awarded $942,195 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC FOUNDATION PURPOSE: COMMUNITY | $217,000 |
BACHMAN LAKE TOGETHER PURPOSE: COMMUNITY | $50,000 |
BRECKENRIDGE EDUCATION FOUNDATION PURPOSE: COMMUNITY | $5,195 |
CHILD POVERTY ACTION LAB PURPOSE: COMMUNITY | $50,000 |
FAMILY COMPASS PURPOSE: COMMUNITY | $10,000 |
JESUIT COLLEGE PREP SCHOOL FOUNDATION PURPOSE: EDUCATION | $80,000 |