Seven Cities Foundation
- Assets
- $2.5m
- Revenue
- $103.6k
- Investments
- $2.0m
- Employees
- 0
- Location
- McALLEN, TX
- Founding
- 10/2006
- Data as of
- 12/2023
- EIN
- 32-0181077
Organization Overview
Seven Cities Foundation is located in McALLEN, TX. The organization was established in 2006. 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. Seven Cities 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, Seven Cities Foundation generated $103.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $118.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Seven Cities Foundation has awarded 460 individual grants totaling $1,316,043. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles E Thompson Jr President | 5 | $0 | |
Jonathan Bevil Vice President | 1 | $0 | |
Claudia I Pinon Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $72,221 |
| Dividends & Interest | $35,131 |
| 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 | -$3,788 |
| Total Revenue | $103,564 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,325 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $30 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,555 |
| Contributions, gifts, grants paid | $113,600 |
| Total expenses and disbursements | $118,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,049 |
| 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 | $1,257,300 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,471,411 |
| 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, Seven Cities Foundation has awarded $113,600 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: CHARITABLE | $2,400 |
CHRIST EPISCOPAL CHURCH PURPOSE: CHARITABLE | $2,000 |
CAMP UNIVERSITY PURPOSE: CHARITABLE | $2,000 |
EASTER SEAL OF THE RGV PURPOSE: CHARITABLE | $2,000 |
FIRST UNITED METHODIST CHURCH PURPOSE: CHARITABLE | $2,000 |
PINEY WOODS SCHOOL PURPOSE: CHARITABLE | $1,500 |