Waltrip-Mcgee Foundation
- Assets
- $7.5m
- Revenue
- $165.8k
- Investments
- $7.1m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/1998
- Data as of
- 04/2023
- EIN
- 31-1608714
Organization Overview
Waltrip-Mcgee Foundation is located in Houston, TX. The organization was established in 1998. 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. Waltrip-Mcgee 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 04/2023, Waltrip-Mcgee Foundation generated $165.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $46.4k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Waltrip-Mcgee Foundation has awarded 41 individual grants totaling $4,803,505. 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 |
|---|---|---|---|
Robert L Waltrip Jr Sec/treasurer | 1 | $0 | |
William Blair Waltrip Vice President | 1 | $0 | |
Holly Waltrip President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $165,771 |
| 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 | $165,771 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $46,400 |
| Total expenses and disbursements | $46,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $353,222 |
| Net Accounts receivable | $43,037 |
| 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 | $7,472,856 |
| 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, Waltrip-Mcgee Foundation has awarded $330,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LONE STAR FLIGHT MUSEUM PURPOSE: GENERAL OPERATING | $200,000 |
SHERMAN COMMUNITY PLAYERS ENDOWMENT TRUST PURPOSE: HONEY MCGEE PLAYHOUSE (COMMUNITY THEATRE) | $50,000 |
R B THIEME JR BIBLE MINISTRIES PURPOSE: GENERAL FUND | $80,000 |