Michael Bright White Foundation
- Assets
- $1.8m
- Revenue
- $435.6k
- Investments
- $277.9k
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 05/2010
- Data as of
- 12/2021
- EIN
- 27-1321090
Organization Overview
Michael Bright White Foundation is located in San Antonio, TX. The organization was established in 2010. 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. Michael Bright White 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 12/2021, Michael Bright White Foundation generated $435.6k in total revenue. All expenses for the organization totaled $87.8k during the year ending 12/2021. While expenses have increased by 36.5% 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 2014, Michael Bright White Foundation has awarded 37 individual grants totaling $959,665. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael B White President | 0 | $0 | |
Virginia B White Vice President | 0 | $0 | |
Denise Cazaubon Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $76 |
| Dividends & Interest | $3,750 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $430,820 |
| Capital Gain Net Income | $430,820 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $435,646 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $599 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $336 |
| Total operating and administrative expenses | $935 |
| Contributions, gifts, grants paid | $86,815 |
| Total expenses and disbursements | $87,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,496,209 |
| 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 | $1,774,069 |
| 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, Michael Bright White Foundation has awarded $86,815 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE BRIGHT SCHOOL PURPOSE: CHARITABLE | $25,815 |
UNIVERSITY OF TEXAS PURPOSE: CHARITABLE | $25,000 |
T RODNEY CROWLEY MEMORIAL SCHOLARSHIP PURPOSE: CHARITABLE | $15,000 |
PRO BONO PUBLICO FOUNDATION PURPOSE: CHARITABLE | $10,000 |
New Orleans, LA PURPOSE: CHARITABLE | $10,000 |
HERMAN-GRIMA HISTORIC HOUSES PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
Hamon Charitable Foundation Dallas, TX | $77,984,763 | $10,364,017 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Biogen Foundation Inc Dallas, TX | $25,561,498 | $3,880,862 |
The Margaret And Al Hill Family Foundation Dallas, TX | $0 | $526,228 |