Michael And Rebecca Cemo Foundation
- Assets
- $8.6m
- Revenue
- $1.6m
- Investments
- $8.0m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 76-0537009
Organization Overview
Michael And Rebecca Cemo Foundation is located in Houston, TX. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael And Rebecca Cemo 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, Michael And Rebecca Cemo Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $746.8k during the year ending 12/2021. While expenses have increased by 9.1% per year over the past 7 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, Michael And Rebecca Cemo Foundation has awarded 47 individual grants totaling $2,337,895. 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 |
|---|---|---|---|
Michael J Cemo Pres/treas/director | 1 | $0 | |
Rebecca A Cemo Vp/sec/director | 1 | $0 | |
Stephanie C Cemo Director | 0.25 | $0 | |
Jason M Cemo Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $207,708 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,425,250 |
| Capital Gain Net Income | $1,425,250 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,632,958 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,235 |
| Total operating and administrative expenses | $68,810 |
| Contributions, gifts, grants paid | $678,000 |
| Total expenses and disbursements | $746,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $553,936 |
| 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 | $806,414 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,575,826 |
| 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, Michael And Rebecca Cemo Foundation has awarded $678,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MICHAEL J FOX FOUNDATION PURPOSE: GENERAL OPERATING EXPENSES | $150,000 |
UNIVERSITY OF HOUSTON PURPOSE: COLLEGE OF MEDICINE SCHOLARSHIP | $150,000 |
Jacksonville, FL PURPOSE: GENERAL OPERATING EXPENSES | $150,000 |
Houston, TX PURPOSE: GENERAL OPERATING EXPENSES | $50,000 |
UNIVERSITY OF HOUSTON PURPOSE: CEMO HALL SUPPORT | $40,000 |
HOUSTON PUBLIC MEDIA PURPOSE: GENERAL OPERATING EXPENSES | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |