The Menninger Clinic Foundation
- Assets
- $95.2m
- Revenue
- $23.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/2003
- Data as of
- 06/2021
- EIN
- 81-0588012
Organization Overview
The Menninger Clinic Foundation is located in Houston, TX. The organization was established in 2003. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Menninger Clinic 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 06/2021, Menninger Clinic Foundation generated $23.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $11.4m during the year ending 06/2021. While expenses have increased by 7.7% 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 2015, Menninger Clinic Foundation has awarded 16 individual grants totaling $53,222,594. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS A TEXAS NONPROFIT CORPORATION FORMED IN 2002 TO PROMOTE MEDICAL SCIENCE THROUGH RESEARCH IN THE FIELD OF PSYCHIATRY AND ITS RELATED DISCIPLINES; TO PROVIDE FOR THE INSTRUCTION OF PHYSICIANS, NURSES, THERAPISTS, AND EDUCATORS IN A BROAD AND INTENSIVE UNDERSTANDING OF THE HUMAN PERSONALITY; AND TO PROVIDE DIAGNOSIS, TREATMENT, AND CARE OF PATIENTS, INCLUDING THOSE WHOSE FUNDS MAY NOT BE ADEQUATE FOR SUCH TREATMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES GRANTS TO PROMOTE MEDICAL SCIENCE THROUGH RESEARCH IN THE FIELD OF PSYCHIATRY AND ITS RELATED DISCIPLINES; TO PROVIDE FOR THE INSTRUCTION OF PHYSICIANS, NURSES, THERAPISTS, AND EDUCATORS IN A BROAD AND INTENSIVE UNDERSTANDING OF THE HUMAN PERSONALITY; AND TO PROVIDE DIAGNOSIS, TREATMENT, AND CARE OF PATIENTS, INCLUDING THOSE WHOSE FUNDS MAY NOT BE ADEQUATE FOR SUCH TREATMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Paine Chair | OfficerTrustee | 2 | $0 |
Armando Colombo President & CEO | Officer | 1 | $0 |
Antonio Gaglio CFO To 11/6/20 | Officer | 1 | $0 |
Gerald Noll CFO From Mar 21 | Officer | 1 | $0 |
Cynthia Adkins Director | Trustee | 2 | $0 |
Ronald P Cuenod Jr Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $325,484 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,916,497 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,241,981 |
| Total Program Service Revenue | $0 |
| Investment income | $1,727,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,804,893 |
| Net Income from Fundraising Events | -$47,279 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,726,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,078,709 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $689,751 |
| Pension plan accruals and contributions | $27,021 |
| Other employee benefits | $73,995 |
| Payroll taxes | $51,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $164 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $187,990 |
| Fees for services: Other | $104,949 |
| Advertising and promotion | $420 |
| Office expenses | $105,043 |
| Information technology | $66,663 |
| Royalties | $0 |
| Occupancy | $8,802 |
| Travel | $943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,331 |
| Interest | $3,845 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,215 |
| All other expenses | $51 |
| Total functional expenses | $11,449,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286 |
| Savings and temporary cash investments | $2,786,161 |
| Pledges and grants receivable | $2,701,637 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $87,478,779 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,184,047 |
| Total assets | $95,150,910 |
| Accounts payable and accrued expenses | $59,987 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,426,538 |
| Total liabilities | $2,486,525 |
| Net assets without donor restrictions | $30,230,468 |
| Net assets with donor restrictions | $62,433,917 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $95,150,910 |
Grants Awarded
Over the last fiscal year, The Menninger Clinic Foundation has awarded $10,078,709 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: Treatment, research, and education | $10,012,042 |
Houston, TX PURPOSE: Research & education | $66,667 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that The Menninger Clinic Foundation has recieved totaling $3,063,247.
| Awarding Organization | Amount |
|---|---|
St Louis Community Foundation Incorporated St Louis, MO PURPOSE: HEALTH | $1,476,254 |
John M Oquinn Foundation Houston, TX PURPOSE: TO SUPPORT THE DEVELOPMENT OF A BEHAVIORAL HEALTH CAMPUS FOR THE MENNINGER CLINIC | $1,400,000 |
Fraternal Order Of Eagles Foundation Grove City, OH PURPOSE: RESEARCH | $60,000 |
Greater Houston Community Foundation Houston, TX PURPOSE: HEALTH | $47,500 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $21,850 |
Carl M Jacobs Foundation Cincinnati, OH PURPOSE: ANNUAL FUND | $20,000 |
Endowment Analysis
| Beg. Balance | $57,026,877 |
| Earnings | $12,983,170 |
| Net Contributions | $4,804,989 |
| Other Expense | $9,488,492 |
| Ending Balance | $65,326,544 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W I Cook Foundation Inc Fort Worth, TX | $3,246,012,284 | $259,660,047 |
Childrens Medical Center Foundation Dallas, TX | $1,970,405,088 | $64,214,565 |
Gshs Administrative Services Organization Inc Longview, TX | $3,821,992 | $32,386,518 |
Memorial Hermann Foundation Houston, TX | $128,175,720 | $33,729,240 |
St Joseph Services Corporation Bryan, TX | $46,581,742 | $27,740,881 |
Georges Inc Medical Tr Springdale, AR | $1,768,217 | $27,212,707 |
Texas Health Resources Foundation Arlington, TX | $399,495,018 | $49,274,607 |
Foundation Health Services Inc Baton Rouge, LA | $13,978,378 | $22,883,719 |
White County Physician Group Searcy, AR | $5,249,006 | $21,201,707 |
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |