J E And L E Mabee Foundation Inc
- Assets
- $754.2m
- Revenue
- $130.2m
- Investments
- $709.0m
- Employees
- 0
- Location
- Midland, TX
- Founding
- 12/1949
- Data as of
- 08/2022
- EIN
- 73-6090162
Organization Overview
J E And L E Mabee Foundation Inc is located in Midland, TX. The organization was established in 1949. 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. J E And L E Mabee Foundation Inc 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 08/2022, J E And L E Mabee Foundation Inc generated $130.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $73.3m during the year ending 08/2022. While expenses have increased by 6.8% 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.
Since 2015, J E And L E Mabee Foundation Inc has awarded 1,103 individual grants totaling $612,811,246. 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 |
|---|---|---|---|
Goeke Michael J Executive Director | 40 | $265,200 | |
Geer Roy Controller | 40 | $210,600 | |
Bals Jill A Land Records Manager | 40 | $105,456 | |
Murray Rhonda Executive Assistant/ | 40 | $96,808 | |
Carrol Nancy G Grant Coordinator | 40 | $62,400 | |
Campbell R Danny Trustee, Secretary, Treasurer | 10 | $40,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Americana Partners | 8/30/22 | $264,012 |
Goldman Sachs | 8/30/22 | $173,747 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $82,744 |
| Dividends & Interest | $35,708,903 |
| Net Rental Income | $62,686,916 |
| Net Gain on Sale of Assets | $30,611,316 |
| Capital Gain Net Income | $30,611,316 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $130,151,698 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $505,200 |
| Other employee salaries and wages | $436,709 |
| Pension plans, employee benefits | $225,215 |
| Interest | $0 |
| Taxes | $2,825,873 |
| Depreciation | $206,839 |
| Occupancy | $187,368 |
| Travel, conferences, and meetings | $22,141 |
| Printing and publications | $0 |
| Other expenses | $607,898 |
| Total operating and administrative expenses | $5,121,873 |
| Contributions, gifts, grants paid | $68,141,444 |
| Total expenses and disbursements | $73,263,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,692,806 |
| Savings and temporary cash investments | $30,484,646 |
| 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 | $196,578 |
| Net Investments - land, buildings, equipment | $5,771,099 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,000,000 |
| Net Land, buildings, and equipment | $131,453 |
| Other assets | $0 |
| Total assets | $754,241,961 |
| 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, J E And L E Mabee Foundation Inc has awarded $68,141,444 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
Midland, TX PURPOSE: BUILDING RENOVATION RECREATIONAL | $5,000,000 |
Oklahoma City, OK PURPOSE: BUILDING (NEW) HOSPITAL OR CLINIC | $4,000,000 |
Houston, TX PURPOSE: BUILDING (NEW) HOSPITAL OR CLINIC | $2,000,000 |
Springfield, MO PURPOSE: BUILDING (NEW) OFFICE | $2,000,000 |
Tulsa, OK PURPOSE: BUILDING (NEW) WAREHOUSE | $2,000,000 |
Abilene, TX PURPOSE: BUILDING RENOVATION STUDENT CENTER | $2,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |