W T And Louise J Moran Foundation
- Assets
- $50.1m
- Revenue
- $7.1m
- Investments
- $46.7m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/1997
- Data as of
- 12/2021
- EIN
- 76-0513027
Organization Overview
W T And Louise J Moran Foundation is located in Houston, TX. The organization was established in 1997. 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. W T And Louise J Moran 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 12/2021, W T And Louise J Moran Foundation generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 6 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 2016, W T And Louise J Moran Foundation has awarded 359 individual grants totaling $18,272,448. 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 |
|---|---|---|---|
Randall E Evans Chairman/trustee/executive Committee | 12 | $90,000 | |
R Robert Mullins President/trustee/executive Committee | 12 | $90,000 | |
Linda B Mullins Treasurer/trustee | 2 | $20,000 | |
Susanne Walker Evans Secretary/trustee | 1.5 | $20,000 | |
Caroline Sabin Trustee | 1.5 | $25,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan Chase Bank | 12/30/22 | $109,377 |
Cullen Investment Group Ltd | 12/30/22 | $75,254 |
Frierson Sola Simonton & Kutac Pllc | 12/30/22 | $74,252 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $339 |
| Dividends & Interest | $1,550,918 |
| Net Rental Income | $34,543 |
| Net Gain on Sale of Assets | $4,812,309 |
| Capital Gain Net Income | $4,812,309 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $667,009 |
| Total Revenue | $7,065,118 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $215,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $36,946 |
| Taxes | $97,858 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $284,210 |
| Total operating and administrative expenses | $1,020,331 |
| Contributions, gifts, grants paid | $2,613,872 |
| Total expenses and disbursements | $3,634,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,053,596 |
| Savings and temporary cash investments | $937,068 |
| Net Accounts receivable | $241,738 |
| 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 | $9,822,582 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,175,928 |
| Total assets | $50,107,606 |
| Accounts payable and accrued expenses | $15,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $2,000,000 |
| Other liabilities | $737 |
| Total liabilities | $2,015,737 |
Grants Awarded
Over the last fiscal year, W T And Louise J Moran Foundation has awarded $1,977,500 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
AMAZING PLACE PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE MISSION. | $50,000 |
BIG BROTHERS BIG SISTERS PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE MISSION. | $30,000 |
BO'S PLACE PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE MISSION. | $15,000 |
BOOKS BETWEEN KIDS PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE MISSION. | $10,000 |
CAMP ALLEN CONFERENCE & RETREAT CENTER PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE MISSION. | $25,000 |
CAMP JANUS PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE MISSION. | $20,000 |