Mary H Cain Foundation
- Assets
- $77.1m
- Revenue
- $3.4m
- Investments
- $55.9m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 10/2007
- Data as of
- 12/2023
- EIN
- 20-8483925
Organization Overview
Mary H Cain Foundation is located in Houston, TX. The organization was established in 2007. 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. Mary H Cain 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 12/2023, Mary H Cain Foundation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 7 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 2017, Mary H Cain Foundation has awarded 107 individual grants totaling $7,738,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Weaver Chairman, President | 20 | $50,000 | |
Lucy Hanes Chatham Director | 0 | $0 | |
Pamela Lynn Woods Secretary, Treasurer | 40 | $129,017 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,930,948 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $399,774 |
| Capital Gain Net Income | $399,774 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,045,408 |
| Total Revenue | $3,376,130 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $179,017 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,294 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $88,261 |
| Total operating and administrative expenses | $304,162 |
| Contributions, gifts, grants paid | $1,425,000 |
| Total expenses and disbursements | $1,729,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,199,653 |
| 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 | $609,667 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $77,113,415 |
| 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, Mary H Cain Foundation has awarded $1,425,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ATASCOCITA HIGH SCHOOL PURPOSE: UNRESTRICTED | $10,500 |
ATASCOCITA MIDDLE SCHOOL PURPOSE: UNRESTRICTED | $8,500 |
FORREST GENERAL HEALTHCARE FOUNDATION PURPOSE: UNRESTRICTED | $10,000 |
HOUSTON METHODIST HOSPITAL PURPOSE: UNRESTRICTED | $150,000 |
HUMBLE ISD PURPOSE: UNRESTRICTED | $36,000 |
PIEDMONT LAND CONSERVANCY PURPOSE: UNRESTRICTED | $25,000 |