Meadows Foundation Incorporated
- Assets
- $694.3m
- Revenue
- $3.7m
- Investments
- $653.2m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/1951
- Data as of
- 12/2023
- EIN
- 75-6015322
Organization Overview
Meadows Foundation Incorporated is located in Dallas, TX. The organization was established in 1951. 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. Meadows Foundation Incorporated 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, Meadows Foundation Incorporated generated $3.7m 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 (35.9%) each year. All expenses for the organization totaled $55.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Meadows Foundation Incorporated has awarded 838 individual grants totaling $153,072,640. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT 22
SEE STATEMENT 22
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director, Pres And CEO | 40 | $549,208 | |
Name Not Listed Director | 7 | $14,000 | |
Name Not Listed Director | 7 | $30,500 | |
Name Not Listed Director | 7 | $33,000 | |
Name Not Listed Director | 7 | $30,000 | |
Name Not Listed Director | 7 | $33,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Perella Weinberg Partners Capital Management | 12/30/23 | $1,944,540 |
Northern Trust | 12/30/23 | $323,684 |
Proper Contractors | 12/30/23 | $337,405 |
Cantillon Global Equity Lp Co The Northern Trust Company | 12/30/23 | $441,903 |
Tensile Capital Partners | 12/30/23 | $252,665 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,001,969 |
| Dividends & Interest | $2,309,485 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,828,341 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,185,090 |
| Total Revenue | $3,668,203 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,252,772 |
| Other employee salaries and wages | $4,074,004 |
| Pension plans, employee benefits | $2,383,388 |
| Interest | $0 |
| Taxes | $1,036,866 |
| Depreciation | $554,248 |
| Occupancy | $710,926 |
| Travel, conferences, and meetings | $205,338 |
| Printing and publications | $3,553 |
| Other expenses | $9,884,616 |
| Total operating and administrative expenses | $23,834,370 |
| Contributions, gifts, grants paid | $31,965,222 |
| Total expenses and disbursements | $55,799,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,000 |
| Savings and temporary cash investments | $17,262,939 |
| 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 | $567,568 |
| Net Investments - land, buildings, equipment | $4,700,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $508,501,578 |
| Net Land, buildings, and equipment | $318,980 |
| Other assets | $18,238,428 |
| Total assets | $694,306,466 |
| Accounts payable and accrued expenses | $1,100,419 |
| Grants payable | $25,990,765 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,113,252 |
| Total liabilities | $31,204,436 |
Grants Awarded
Over the last fiscal year, Meadows Foundation Incorporated has awarded $27,133,535 in support to 170 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN AMERICAN MUSEUM PURPOSE: MEMBERSHIP FOR 2023 | $5,000 |
AGE (AUSTIN GROUPS FOR THE ELDERLY) OF CENTRAL TEXAS PURPOSE: TOWARD THE CONSTRUCTION OF A STATE-OF-THE-ART FACILITY DESIGNED TO CARE FOR OLDER ADULTS WITH DISABILITIES AND THEIR CAREGIVERS IN CENTRAL TEXAS | $150,000 |
ALL KIND ANIMAL INITIATIVE PURPOSE: TOWARD A NEW ANIMAL SHELTER TO HELP ABILENE ACHIEVE AND MAINTAIN A NO-KILL STATUS | $100,000 |
AMALA FOUNDATION PURPOSE: TOWARD A NEW RESTORATIVE JUSTICE PROGRAM TO DIVERT YOUTH FROM THE CRIMINAL LEGAL SYSTEM | $75,000 |
AMERICAN AIRPOWER HERITAGE MUSEUM PURPOSE: TOWARD INNOVATIVE SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH PROGRAMS FOR LOW-INCOME SCHOOLS IN DALLAS AND TARRANT COUNTIES | $93,000 |
AMERICAN FORESTS PURPOSE: TOWARD RESTORING THORN SCRUB FORESTS IN THE LOWER RIO GRANDE VALLEY | $76,800 |