Medallion Foundation Inc
- Assets
- $123.7m
- Revenue
- $14.5m
- Investments
- $118.1m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 01/1986
- Data as of
- 12/2022
- EIN
- 76-0141071
Organization Overview
Medallion Foundation Inc is located in Houston, TX. The organization was established in 1986. 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. Medallion Foundation Inc 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, Medallion Foundation Inc generated $14.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $7.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Medallion Foundation Inc has awarded 392 individual grants totaling $10,288,551. 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 |
|---|---|---|---|
Robert J Pilegge Director | 4 | $10,667 | |
Mark L Entmann Director | 2 | $10,667 | |
Rod Scarborough Director | 2 | $10,666 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,911,367 |
| Interest on Savings | $1,378,861 |
| Dividends & Interest | $1,206,680 |
| Net Rental Income | -$279,598 |
| Net Gain on Sale of Assets | $1,821,710 |
| Capital Gain Net Income | $1,821,710 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,890,291 |
| Total Revenue | $14,507,938 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,000 |
| Other employee salaries and wages | $55,065 |
| Pension plans, employee benefits | $107 |
| Interest | $398,867 |
| Taxes | $146,469 |
| Depreciation | $179,077 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,710,259 |
| Total operating and administrative expenses | $3,574,168 |
| Contributions, gifts, grants paid | $3,509,099 |
| Total expenses and disbursements | $7,083,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $897,965 |
| Net Accounts receivable | $69,251 |
| 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 | $2,476,435 |
| Investments—mortgage loans | $0 |
| Investments—other | $118,101,785 |
| Net Land, buildings, and equipment | $2,067,990 |
| Other assets | $59,779 |
| Total assets | $123,673,205 |
| 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 | $2,561,630 |
| Total liabilities | $2,561,630 |
Grants Awarded
Over the last fiscal year, Medallion Foundation Inc has awarded $3,509,099 in support to 72 organizations.
| Grant Recipient | Amount |
|---|---|
AID TO VICTIMS OF DOMESTIC ABUSE PURPOSE: RADIO AWARENESS CAMPAIGN | $7,500 |
AMAZING PLACE PURPOSE: SCHOLARSHIP FUND | $15,000 |
ATTACK POVERTY PURPOSE: YOU CAN ACADEMY | $10,000 |
AMERICAN DIABETES ASSOC PURPOSE: IMAGINE CAMP-2021 | $10,000 |
BIG BROTHERS BIG SISTERS PURPOSE: ONE-TO-ONE MENTORING PROGRAM | $10,000 |
CASA DE ESPERANZA PURPOSE: REPLACE LIGHT FIXTURES IN CHILDREN'S HOMES | $15,000 |