D Lynd And Terri K Mcgowan Foundation
- Assets
- $864.0k
- Revenue
- $31.2k
- Investments
- $860.2k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/1991
- Data as of
- 06/2024
- EIN
- 76-0308875
Organization Overview
D Lynd And Terri K Mcgowan Foundation is located in Houston, TX. The organization was established in 1991. 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. D Lynd And Terri K Mcgowan 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 06/2024, D Lynd And Terri K Mcgowan Foundation generated $31.2k 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 (31.4%) each year. All expenses for the organization totaled $78.0k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, D Lynd And Terri K Mcgowan Foundation has awarded 30 individual grants totaling $239,206. 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 |
|---|---|---|---|
George K Mcgowan President | 1 | $0 | |
Sheila D Mccarn Treasurer | 2 | $0 | |
Evans L Mcgowan Vice President | 0.3 | $0 | |
Mary R Mcgowan Secretary | 0.5 | $0 | |
Lea L Mcgowan Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $152 |
| Dividends & Interest | $36,876 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,793 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,899 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $133 |
| Total operating and administrative expenses | $36,930 |
| Contributions, gifts, grants paid | $41,089 |
| Total expenses and disbursements | $78,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,346 |
| 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 | -$1,587 |
| Total assets | $863,991 |
| 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, D Lynd And Terri K Mcgowan Foundation has awarded $41,089 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOHNS RIVER STATE COLLEGE FBO CA PURPOSE: TUITION FEES | $1,089 |
TEXAS AM UNIVERSITY FBO KATE DELGAD PURPOSE: TUITION FEES | $10,000 |
TEXAS AM UNIVERSITY FBO NICK KUNTZ PURPOSE: TUITION FEES | $10,000 |
UNIVERSITY OF TEXAS AT AUSTIN FBO S PURPOSE: TUITION FEES | $10,000 |
SAM HOUSTON STATE UNIVERSITY FBO EM PURPOSE: TUITION FEES | $10,000 |