Maverick Capital Foundation
- Assets
- $19.1m
- Revenue
- $3.5m
- Investments
- $15.5m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 11/2003
- Data as of
- 12/2022
- EIN
- 71-0917626
Organization Overview
Maverick Capital Foundation is located in Dallas, TX. The organization was established in 2003. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Maverick Capital 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 12/2022, Maverick Capital Foundation generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 0.8% per year over the past 4 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 2019, Maverick Capital Foundation has awarded 1,073 individual grants totaling $11,647,848. 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
2022
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee S Ainslie III Trustee | 0.4 | $0 | |
Evan A Wyly Trustee | 0.4 | $0 | |
Andrew Warford Trustee | 0.4 | $0 | |
Keith Hennington Trustee | 0.4 | $0 | |
Travis Baird Director | 40 | $77,358 | |
Angela Bonato Program Officer | 40 | $57,607 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,480,225 |
| Interest on Savings | $281 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22 |
| Capital Gain Net Income | $1,657,987 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,347 |
| Total Revenue | $3,487,831 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $190,279 |
| Pension plans, employee benefits | $80,846 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,643 |
| Total operating and administrative expenses | $334,710 |
| Contributions, gifts, grants paid | $2,462,111 |
| Total expenses and disbursements | $2,796,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,325,449 |
| Savings and temporary cash investments | $172,405 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $91,955 |
| 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 | $15,532,014 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,802 |
| Total assets | $19,134,625 |
| Accounts payable and accrued expenses | $300,599 |
| Grants payable | $112,203 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $52,836 |
| Total liabilities | $465,638 |
Grants Awarded
Over the last fiscal year, Maverick Capital Foundation has awarded $2,663,286 in support to 220 organizations.
| Grant Recipient | Amount |
|---|---|
24 HOURS IN THE CANYON PURPOSE: CANCER SUPPORT | $6,000 |
826 VALENCIA PURPOSE: EDUCATION | $25,000 |
826 VALENCIA PURPOSE: EDUCATION | $15,000 |
ACT FOUNDATION USA INC PURPOSE: HUNGER RELIEF | $7,500 |
ALVIN AILEY DANCE FOUNDATION PURPOSE: SOCIAL SERVICES | $350 |
ALZHEIMER'S ASSOCIATION PURPOSE: MEDICAL SERVICES | $500 |