Mary Hobbs Griffith Foundation
- Assets
- $4.0m
- Revenue
- $445.2k
- Investments
- $3.7m
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 12/1968
- Data as of
- 10/2023
- EIN
- 23-7000801
Organization Overview
Mary Hobbs Griffith Foundation is located in Corpus Christi, TX. The organization was established in 1968. 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. Mary Hobbs Griffith 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 10/2023, Mary Hobbs Griffith Foundation generated $445.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $385.1k during the year ending 10/2023. While expenses have increased by 5.6% 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 2017, Mary Hobbs Griffith Foundation has awarded 113 individual grants totaling $1,481,250. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $116,191 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,326 |
| Capital Gain Net Income | $9,326 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $319,723 |
| Total Revenue | $445,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,333 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38,240 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,460 |
| Total operating and administrative expenses | $89,583 |
| Contributions, gifts, grants paid | $295,500 |
| Total expenses and disbursements | $385,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $374,320 |
| 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 | $23 |
| Total assets | $4,025,659 |
| 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 Hobbs Griffith Foundation has awarded $295,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BEEVILLE ART ASSOCIATION INC PURPOSE: TO SUPPORT THE ASSOCIATION IN UNITING ITS MEMBERS IN THE STUDY OF ART, AS WELL AS THE PROMOTION OF CULTURAL ACTIVITIES AND THE PUBLIC INTEREST IN ART. | $15,000 |
CHILDREN'S HEART FOUNDATION PURPOSE: TO ADVANCE THE DIAGNOSIS, TREATMENT, AND PREVENTION OF CONGENITAL HEART DEFECTS BY FUNDING THE MOST PROMISING RESEARCH. | $5,000 |
DRISCOLL CHILDREN'S HOSPITAL PURPOSE: DEVOTED TO EXPERT CARE, EDUCATION, OUTREACH AND ADVOCACY. | $5,000 |
FRIENDS OF THE CIBOLO WILDERNESS PURPOSE: TO SUPPORT THE CONSERVATION OF NATURAL RESOURCES THROUGH EDUCATION AND STEWARDSHIP. | $20,000 |
GILLESPIE COUNTY HISTORICAL SOCIETY PURPOSE: THE MISSION IS TO MANAGE THE OPERATIONS OF THE PIONEER MUSEUM AND THE VEREINS KIRCHE MUSEUM, AND TO PROMOTE HISTORICAL KNOWLEDGE THROUGH A WIDE RANGE OF EDUCATIONAL EVENTS AND ACTIVITIES FOR ALL AGES. | $10,000 |
FUTURE FARMERS OF AMERICA PURPOSE: MAKES A POSITIVE DIFFERENCE IN THE LIVES OF STUDENTS BY DEVELOPING THEIR POTENTIAL FOR PREMIER LEADERSHIP, PERSONAL GROWTH AND CAREER SUCCESS THROUGH AGRICULTURAL EDUCATION. | $20,000 |