E & M Foundation Inc
- Assets
- $642.6k
- Revenue
- $79.9k
- Investments
- $407.9k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 11/1996
- Data as of
- 12/2023
- EIN
- 76-0509216
Organization Overview
E & M Foundation Inc is located in Houston, TX. The organization was established in 1996. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. E & M 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 12/2023, E & M Foundation Inc generated $79.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $210.6k during the year ending 12/2023. While expenses have increased by 18.7% per year over the past 9 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.
Since 2015, E & M Foundation Inc has awarded 80 individual grants totaling $1,183,184. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Wang Director | 3 | $0 | |
Ming Wang Director | 3 | $0 | |
Grace Shieh Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,087 |
| Interest on Savings | $4,498 |
| Dividends & Interest | $40,270 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $105,525 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,855 |
| 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 | $21 |
| Total operating and administrative expenses | $1,646 |
| Contributions, gifts, grants paid | $208,951 |
| Total expenses and disbursements | $210,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,640 |
| 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 | $0 |
| Total assets | $642,587 |
| 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, E & M Foundation Inc has awarded $208,951 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ST THOMAS PURPOSE: DONATION | $20,258 |
TRINITY UNIVERSITY PURPOSE: DONATION | $30,000 |
TEXAS HEALTH AND SCIENCE UNIVERSITY PURPOSE: DONATION | $14,693 |
AMERICAN LEADERSHIP FORUM PURPOSE: DONATION | $2,000 |
TAIWANESE CHORUS OF GREATER HOUSTON PURPOSE: DONATION | $2,000 |
UTAH STATE UNIV PURPOSE: DONATION | $100,000 |