Robert & Janice Mcnair Educational Foundation
- Assets
- $41.1m
- Revenue
- $23.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Houston, TX
- Founding
- 05/1990
- Data as of
- 06/2021
- EIN
- 58-1870080
Organization Overview
Robert & Janice Mcnair Educational Foundation is located in Houston, TX. The organization was established in 1990. 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. As of 06/2021, Robert & Janice Mcnair Educational Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert & Janice Mcnair Educational 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 06/2021, Robert & Janice Mcnair Educational Foundation generated $23.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 41.2% each year . All expenses for the organization totaled $2.2m during the year ending 06/2021. While expenses have increased by 6.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ASSISTANCE TO RUTHERFORD COUNTY, NC STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTING OF SCHOLARSHIPS TO INDIVIDUALS IN RUTHERFORD COUNTY, NC
PROVIDING AMOUNTS TO FUND PERSONNEL TO STAFF CAREER CENTERS FOR MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS IN RUTHERFORD COUNTY, NC
PROVIDING VARIOUS SERVICES TO SCHOOLS IN RUTHERFORD COUNTY, NC INCLUDING MAINTENANCE OF A CAREER CENTER, TRAINING AND SUPPORT FOR VOLUNTEERS TO TUTOR STUDENTS, ASSISTANCE WITH FINANCIAL AID AND COLLEGE AND SCHOLARSHIP APPLICATIONS, AND FUNDING SPECIAL CLASSROOM PROJECTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Lee Executive Director | Officer | 40 | $117,350 |
Michael Gavin Trustee, Chairman | OfficerTrustee | 1 | $0 |
Terry Hines Vice Chairman & Treasurer | OfficerTrustee | 1 | $0 |
Beth Miller Trustee, Secretary | OfficerTrustee | 1 | $0 |
Tripp Flack Trustee, Treasurer | OfficerTrustee | 1 | $0 |
David M Sutton Edd Trustee | Trustee | 1 | $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 | $2,017,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,017,205 |
| Total Program Service Revenue | $0 |
| Investment income | $571,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,196,308 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,785,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $736,728 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,295 |
| Compensation of current officers, directors, key employees. | $30,574 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $574,172 |
| Pension plan accruals and contributions | $47,468 |
| Other employee benefits | $204,087 |
| Payroll taxes | $50,686 |
| Fees for services: Management | $21,857 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $140,007 |
| Fees for services: Other | $14,837 |
| Advertising and promotion | $1,462 |
| Office expenses | $42,150 |
| Information technology | $15,171 |
| Royalties | $0 |
| Occupancy | $6,533 |
| Travel | $7,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,903 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,088 |
| Insurance | $24,037 |
| All other expenses | $24,518 |
| Total functional expenses | $2,157,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,375,897 |
| Savings and temporary cash investments | $2,734,635 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,237 |
| Investments—publicly traded securities | $36,980,497 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,092,266 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $19,373,851 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $21,718,415 |
| Total liabilities and net assets/fund balances | $41,092,266 |
Grants Awarded
Over the last fiscal year, Robert & Janice Mcnair Educational Foundation has awarded $26,102 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dickinson, TX PURPOSE: HOUSTON HARVEY RELIEF TO DICKINSON ISD. | $20,000 |
Houston, TX PURPOSE: HOUSTON HARVEY RELIEF TO HOUSTON FOOD BANK. | $6,102 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Robert & Janice Mcnair Educational Foundation has recieved totaling $5,498.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: general support | $5,498 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centerpoint Energy Foundation Inc Houston, TX | $70,813,659 | $24,292,942 |
The Cullen Foundation Houston, TX | $278,005,765 | $19,628,625 |
Union General Hospital Farmerville, LA | $25,999,661 | $20,373,665 |
Karakin Foundation Abilene, TX | $132,653,937 | $29,351,833 |
Fore Kids Foundation Inc Avondale, LA | $11,128,381 | $16,554,167 |
Addy Foundation Dallas, TX | $79,281,983 | $6,993,780 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Stanley E Fulton Family Foundation Dallas, TX | $203,743,171 | -$10,523,305 |
Srb Charitable Corporation Fort Worth, TX | $75,222,672 | $6,910,443 |
Jay Pritzker Foundation Houston, TX | $33,789,125 | $2,840,542 |
Greehey Family Foundation San Antonio, TX | $169,607,829 | $20,192,503 |
Eula Mae And John Baugh Foundation Jersey Village, TX | $172,592,135 | $27,686,076 |