Mcgaha Foundation
- Assets
- $490.3k
- Revenue
- $26.8k
- Investments
- $403.1k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 11/1949
- Data as of
- 12/2023
- EIN
- 75-6017848
Organization Overview
Mcgaha Foundation is located in Houston, TX. The organization was established in 1949. 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. Mcgaha 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 12/2023, Mcgaha Foundation generated $26.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $52.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mcgaha Foundation has awarded 73 individual grants totaling $508,600. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,584 |
| Dividends & Interest | $11,787 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $35,736 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,467 |
| Total Revenue | $26,838 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,290 |
| Contributions, gifts, grants paid | $47,600 |
| Total expenses and disbursements | $52,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,544 |
| Savings and temporary cash investments | $0 |
| 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 | $632 |
| Total assets | $490,293 |
| 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, Mcgaha Foundation has awarded $47,600 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ST LUKES UNITED METHODIST PURPOSE: OPERATING BUDGET | $15,000 |
WICHITA FALLS AREA CMTY FNDN PURPOSE: OPERATING BUDGET | $10,000 |
CHRISTIAN COMMUNITY SER PURPOSE: OPERATING BUDGET | $5,000 |
TEXAS CHILDRENS HOSPITAL PURPOSE: OPERATING BUDGET | $1,000 |
NICK FINNEGAN COUNSELING PURPOSE: OPERATING BUDGET | $15,000 |
MAXFUND ANIMAL ADOPTION CENTER PURPOSE: OPERATING BUDGET | $1,600 |