Gordon & Mary Cain Foundation
- Assets
- $3.1m
- Revenue
- $758.3k
- Investments
- $1.2m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/1988
- Data as of
- 12/2023
- EIN
- 76-0251558
Organization Overview
Gordon & Mary Cain Foundation is located in Houston, TX. The organization was established in 1988. 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. Gordon & Mary Cain 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, Gordon & Mary Cain Foundation generated $758.3k in total revenue. All expenses for the organization totaled $53.8k during the year ending 12/2023. While expenses have increased by 22.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D Weaver President | 1 | $0 | |
Margaret W Weaver Vice-President | 0 | $0 | |
Lucy Chatham Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $519,505 |
| Interest on Savings | $2 |
| Dividends & Interest | $43,654 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $195,133 |
| Total Revenue | $758,294 |
| 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 | $20,324 |
| Total operating and administrative expenses | $53,843 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $53,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $981,126 |
| Savings and temporary cash investments | $834,274 |
| 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 | $63,629 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,228,063 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,107,092 |
| 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, Gordon & Mary Cain Foundation has awarded $90,839,111 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARTIN'S EPISCOPAL CHURCH PURPOSE: 2021 GRANT FOR BUILDING FOR LIFE PROGRAM | $11,000 |
THE MARY H CAIN FOUNDATION PURPOSE: CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES | $45,443,069 |
THE GORDON A CAIN FOUNDATION PURPOSE: CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES. | $45,385,042 |