Memas Foundation
- Assets
- $746.4k
- Revenue
- $921.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- Data as of
- 12/2022
- EIN
- 88-2321574
Organization Overview
Memas Foundation is located in Midland, TX. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Memas Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stirling Warren President | 5 | $0 | |
Anne Warren Vice President | 5 | $0 | |
Joshua Ham Secretary | 5 | $0 | |
Kevin Petty Treasurer | 10 | $0 | |
Allen Pruitt Director | 0.5 | $0 | |
David Smith Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $921,516 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $921,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $9,808 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,959 |
| Total operating and administrative expenses | $22,767 |
| Contributions, gifts, grants paid | $152,377 |
| Total expenses and disbursements | $175,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,593 |
| 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 | $738,779 |
| Other assets | $0 |
| Total assets | $746,372 |
| 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, Memas Foundation has awarded $152,377 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BURKETT VOLUNTEER FIRE DEPARTMENT PURPOSE: GENERAL OPERATIONS | $50,000 |
COLEMAN COUNTY SENIOR CENTER PURPOSE: GENERAL OPERATIONS | $2,377 |
LAKE COLEMAN FIRE DEPARTMENT PURPOSE: GENERAL OPERATIONS | $50,000 |
SANTA ANNA FIRE DEPARTMENT PURPOSE: GENERAL OPERATIONS | $50,000 |