Artie And Dorothy Mcferrin Foundation
- Assets
- $31.4m
- Revenue
- $11.4k
- Investments
- $7.8m
- Employees
- 0
- Location
- Humble, TX
- Founding
- 04/2007
- Data as of
- 12/2022
- EIN
- 76-0838120
Organization Overview
Artie And Dorothy Mcferrin Foundation is located in Humble, TX. The organization was established in 2007. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Artie And Dorothy Mcferrin 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 12/2022, Artie And Dorothy Mcferrin Foundation generated $11.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (65.7%) each year. All expenses for the organization totaled $247.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Artie And Dorothy Mcferrin Foundation has awarded 37 individual grants totaling $13,848,116. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS A&M FOUNDATION - COACHING ACADEMY ENDOWMENT
TEXAS A&M UNIVERSITY - PARSONS CALVERY
TEXAS A&M UNIVERSITY - 12TH MAN FOUNDATION
MISCELLANEOUS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy J Mcferrin Director | 1 | $0 | |
Jeffery L Mcferrin Director | 1 | $0 | |
Jennifer M Bohner Director | 24 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,383 |
| Dividends & Interest | $131,058 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$124,002 |
| Capital Gain Net Income | $19,500 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,439 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,825 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $5,165 |
| Other expenses | $0 |
| Total operating and administrative expenses | $110,188 |
| Contributions, gifts, grants paid | $137,500 |
| Total expenses and disbursements | $247,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,307 |
| Savings and temporary cash investments | $4,102,924 |
| 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 | $19,407,363 |
| Total assets | $31,399,207 |
| 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, Artie And Dorothy Mcferrin Foundation has awarded $137,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HUMBLE ROTARY PURPOSE: CHARITABLE | $1,500 |
TEXAS A&M UNIVERSITY FOUNDATION PURPOSE: EDUCATIONAL | $136,000 |