Mccormick Family Foundation
- Assets
- $0.0
- Revenue
- $207.6k
- Investments
- $3.4m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 11/2016
- Data as of
- 12/2020
- EIN
- 81-6798069
Organization Overview
Mccormick Family Foundation is located in Houston, TX. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mccormick Family 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 12/2020, Mccormick Family Foundation generated $207.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (35.5%) each year. All expenses for the organization totaled $245.2k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mccormick Family Foundation has awarded 38 individual grants totaling $880,000. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO DIRECT CHARITABLE ACTIVITIES. EXPENDITURES ARE DIRECT DONATIONS OVER WHICH THE FOUNDATION EXERCISES NO CONTROL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick M Mccormick Co-Trustee | 0.25 | $0 | |
Pamela Mccormick Co-Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $110,134 |
| Profit on Inventory Sales | $0 |
| Other Income | $573,896 |
| Total Revenue | $207,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $25,219 |
| Contributions, gifts, grants paid | $220,000 |
| Total expenses and disbursements | $245,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $698,112 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mccormick Family Foundation has awarded $220,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
MODERN DAY PURPOSE: CHARITABLE | $40,000 |
BRIDGE BUILDERS INTERNATIONAL PURPOSE: CHARITABLE | $30,000 |
Houston, TX PURPOSE: CHARITABLE | $30,000 |
Huntsville, AL PURPOSE: CHARITABLE | $30,000 |
TRANSFORM ASIA PURPOSE: CHARITABLE | $20,000 |
CRU FOUNDATION PURPOSE: CHARITABLE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |