Mueller Foundation
- Assets
- $50.4m
- Revenue
- $688.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Austin, TX
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 26-0611316
Organization Overview
Mueller Foundation is located in Austin, TX. The organization was established in 2009. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Mueller Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mueller 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, Mueller Foundation generated $688.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
GENERALLY, TO OPERATE EXCLUSIVELY FOR CHARITABLE, OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF 501(C)(3) OF THE IRC, BY PROMOTION AND INCREASING ONE OR MORE OF THE FOLLOWING IN THE GEORGRAPHICAL REGION OF AUSTIN, TEXAS KNOWN AS MUELLER AND OTHER GEOGRAPHIC AREAS CONTAINING A REASONABLE RELATIONSHIP TO THE MUELLER COMMUNITY: (I) THE AVAILABILITY OF QUALITY NEIGHBORHOOD SCHOOLS AND LIFELONG EDUCATION PROGRAMS, (II) THE CREATION OF OPEN SPACE AND PARKS, (III) THE AVAILABILITY OF JOB TRAINING PROGRAMS, (IV) THE PROMOTION OF SUSTAINABLE DEVELOPMENT, (V) THE SUPPORT OF AFFORDABLE HOUSING, AND (VI) SUCH OTHER CHARITABLE AND EDUCATIONAL PURPOSES AS ARE CONSISTENT WITH THE SPIRIT AND INTENT OF THE MUELLER DESIGN BOOK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS OF YEAR-END 2023, 641 HOMES ARE IN THE AFFORDABLE HOUSING PROGRAM. OF THOSE, 13 WERE "RESOLD" TO NEW AFFORDABLE OWNERS. 62 NEW HOMES WEREADDED TO THE PORTFOLIO IN 2023, AND FOUR (4) HOMES WERE RELEASED TO THE MARKET IN 2023. IN 2023, THE FOUNDATION SUCCESSFULLY TRANSITIONED ITS REAL ESTATE SERVICES (RESALES MANAGEMENT) TO HOMEBASE, A NONPROFIT SUPPORT CORPORATION OF HABITAT FOR HUMANITY. THIS WAS A MAJOR TRANSITION OF THE FOUNDATION'S PRIMARY OPERATING PARTNER AND REQUIRED MOST OF THE YEAR TO FULLY COMPLETE.
THE FOUNDATION CONTINUES ITS FULL FOCUS IN 2023 TO PREPARING FOR THE TRANSITION FROM "DEVELOPMENT" PHASE TO "SUSTAINABLE PHASE. DEVELOPMENT OF NEW HOMES HAS EXTENDED INTO 2025.IN ADDITION, THE FOUNDATION FOCUSED ON BUILDING STRONGER RELATIONSHIPS WITH THE VARIOUS PARTNERS, TO ENSURE SUSTAINABLE OPERATIONS AS THE DEVELOPMENT PHASE WINDS DOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory J Weaver Secretary | OfficerTrustee | 2 | $0 |
Jim Walker Director | Trustee | 2 | $0 |
Kerry Tate Director | Trustee | 2 | $0 |
Matt Whelan Director | Trustee | 2 | $0 |
Robert D Repass Chair | OfficerTrustee | 2 | $0 |
Suzanna Caballero Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $609,726 |
| Investment income | $136,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$58,284 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $688,264 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,010 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,874 |
| Compensation of current officers, directors, key employees. | $43,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,356 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,613 |
| Payroll taxes | $19,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,629 |
| Fees for services: Accounting | $35,739 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,378 |
| Fees for services: Other | $246,431 |
| Advertising and promotion | $0 |
| Office expenses | $7,291 |
| Information technology | $6,168 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,311 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,830 |
| All other expenses | $0 |
| Total functional expenses | $1,839,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $860,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $261,610 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $45,362,535 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,926,109 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $50,410,817 |
| Accounts payable and accrued expenses | $44,946 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $44,946 |
| Net assets without donor restrictions | $50,365,871 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $50,410,817 |
Grants Awarded
Over the last fiscal year, Mueller Foundation has awarded $100,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CREATIVE ACTION PURPOSE: SUPPORT CREATIVE ACTION AFTER SCHOOL PROGRAM. | $25,000 |
CAMP FIRE CENTRAL TEXAS PURPOSE: SUPPORT EXPERIENTIAL, IN-AND-OUT-OF-SCHOOL-TIME PROGRAMS AT THREE LOCAL ELEMENTARY SCHOOLS. | $25,000 |
CREATIVE ACTION PURPOSE: SUPPORT CREATIVE ACTION AFTER SCHOOL PROGRAM. | $25,000 |
CAMP FIRE CENTRAL TEXAS PURPOSE: SUPPORT EXPERIENTIAL, IN-AND-OUT-OF-SCHOOL-TIME PROGRAMS AT THREE LOCAL ELEMENTARY SCHOOLS. | $25,000 |