The Mission 316 Foundation
- Assets
- $8.2m
- Revenue
- $262.8k
- Investments
- $7.9m
- Employees
- 0
- Location
- Prosper, TX
- Founding
- 08/2018
- Data as of
- 12/2021
- EIN
- 82-3560580
Organization Overview
The Mission 316 Foundation is located in Prosper, TX. The organization was established in 2018. 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. Mission 316 Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Mission 316 Foundation has awarded 14 individual grants totaling $893,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Margaret Heaslip Director | 0.5 | $0 | |
David Donald Simpkin Director | 2 | $0 | |
Christopher Benjamin Heaslip Director | 2 | $0 | |
Bryce Staveley Director | 10 | $0 | |
Brett Billman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $290,000 |
| Interest on Savings | $316 |
| Dividends & Interest | $217,168 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$244,672 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $262,812 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,710 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $149 |
| Total operating and administrative expenses | $24,596 |
| Contributions, gifts, grants paid | $438,000 |
| Total expenses and disbursements | $462,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,453 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $8,244,210 |
| 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, The Mission 316 Foundation has awarded $438,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENTIVE CROSS-CULTURAL INITIATIVES PURPOSE: CHARITY SUPPORT | $227,000 |
RESURRECTION LIFE CHURCH PURPOSE: CHARITY SUPPORT | $55,000 |
Erie, CO PURPOSE: CHARITY SUPPORT | $30,000 |
AGAPE INTERNATIONAL MISSIONS PURPOSE: CHARITY SUPPORT | $28,000 |
CEOC PURPOSE: CHARITY SUPPORT | $20,000 |
CRU PURPOSE: CHARITY SUPPORT | $20,000 |
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 |