Maddox Foundation
- Assets
- $8.9m
- Revenue
- $1.5m
- Investments
- $7.8m
- Employees
- 0
- Location
- Hernando, MS
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 64-0917900
Organization Overview
Maddox Foundation is located in Hernando, MS. The organization was established in 2000. 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. Maddox Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Maddox Foundation has awarded 112 individual grants totaling $6,626,088. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
SERVES BROADER AUDIENCES W/ COMMUNITY OUTREACH/ENGAGEMENT TO MORE EFFECTIVELY DEVELOP RESOURCES TO MEET COMMUNITY NEEDS WHILE HELPING NPOS ACHIEVE SUSTAINABILITY - STMT 16
SUPPORTS THE SERVICE OF THE FOUNDATION'S BOARD & STAFF ON BOARDS OR ADVISORY COMMITTEES OF OTHER CHARITABLE ORGANIZATIONS - SEE STMT 16
LENT SUPPORT, ADVICE & COUNSEL TO THE EMMETT TILL INTERPRETIVE CENTER'S EFFORTS TO PRESERVE, PROTECT & SHARE THE STORY OF EMMETT TILL & MAMIE TILL-MOBLEY - SEE STMT 16
PROVIDED ADVICE & COUNSEL TO ASSIST THE MS GRAMMY MUSEUM IN CLEVELAND, MS IN DEVELOPING STRATEGIES THAT WILL ALLOW THEM TO SUPPORT RELATED ACTIVITIES - SEE STMT 16
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin G Hurdle President | 0 | $462,186 | |
Karen Sanders Board Member | 0 | $10,500 | |
Carol Ayers Bd Mbr & Sec | 0 | $10,500 | |
Lanier Hurdle Board Member | 0 | $9,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,083 |
| Dividends & Interest | $105,395 |
| Net Rental Income | $1,421,065 |
| Net Gain on Sale of Assets | -$15,658 |
| Capital Gain Net Income | $12,080 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $95 |
| Total Revenue | $1,526,980 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $492,186 |
| Other employee salaries and wages | $97,805 |
| Pension plans, employee benefits | $142,479 |
| Interest | $46,831 |
| Taxes | $447,400 |
| Depreciation | $41,900 |
| Occupancy | $103,998 |
| Travel, conferences, and meetings | $21,060 |
| Printing and publications | $5,128 |
| Other expenses | $222,498 |
| Total operating and administrative expenses | $1,714,514 |
| Contributions, gifts, grants paid | $2,400,336 |
| Total expenses and disbursements | $4,114,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $534,447 |
| Net Accounts receivable | $6,399 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $48,250 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,990,494 |
| Net Land, buildings, and equipment | $532,011 |
| Other assets | $2,625 |
| Total assets | $8,883,124 |
| 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 | $682,094 |
| Other liabilities | $30,434 |
| Total liabilities | $712,528 |
Grants Awarded
Over the last fiscal year, Maddox Foundation has awarded $2,400,336 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF NW MS PURPOSE: SUPPORT FOR FOOD INSECURITY IN NWMS | $750,000 |
COMMUNITY FOUNDATION OF NM MS PURPOSE: OPERATIONAL SUPPORT - MATCHING GRANT | $325,000 |
GRAMMY MUSEUM MISSISSIPPI PURPOSE: TO TEACH AMERICAN MUSIC HISTORY | $250,000 |
YMCA OF MEMPHIS & THE MID-SOUTH PURPOSE: YOUTH PROGRAMS-FACILITY IMPROV. | $158,000 |
COMMUNITY FOUNDATION OF NW MS PURPOSE: VOLUNTEER PROGRAM SUPPORT | $110,000 |
MS ALLIANCE OF NONPROFITS PURPOSE: INCREASE CAPACITY & EFF OF MS NP | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union General Hospital Farmerville, LA | $25,999,661 | $20,373,665 |
Fore Kids Foundation Inc Avondale, LA | $11,128,381 | $16,554,167 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |
Oakwood Foundation Charitable Tr Tupelo, MS | $13,916,638 | $13,351,239 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
Marshall Legacy Foundation Metairie, LA | $37,157,594 | $21,197,543 |
Marshall Heritage Foundation Metairie, LA | $15,210,686 | $21,134,216 |