Madison Alexander Cooper And Martha Roane Cooper Foundation
- Assets
- $86.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Waco, TX
- Founding
- 09/1947
- Data as of
- 03/2023
- EIN
- 74-1272389
Organization Overview
Madison Alexander Cooper And Martha Roane Cooper Foundation is located in Waco, TX. The organization was established in 1947. 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. As of 03/2023, Madison Alexander Cooper And Martha Roane Cooper Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Alexander Cooper And Martha Roane Cooper 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 03/2023, Madison Alexander Cooper And Martha Roane Cooper Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $2.8m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Madison Alexander Cooper And Martha Roane Cooper Foundation has awarded 238 individual grants totaling $12,969,062. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
GRANT MAKING TO NON PROFIT ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE OF THE FOUR FOCUS AREAS OF THE MADISON ALEXANDER COOPER AND MARTHA ROANE COOPER FOUNDATION IS COMMUNITY BUILDING AND SOCIAL SERVICES IN THE WACO AREA. DURING THE FISCAL YEAR, GRANTS WERE MADE FOR THE FOLLOWING PURPOSES: A COMMUNITY AWARENESS EVENT ABOUT FOSTER CARE, RACE EQUITY TRAININGS TO COMMUNITY LEADERS, GRIEF RESOURCE BOOKS AND OXYGEN CONCENTRATORS FOR HOSPICE PATIENTS AND THEIR FAMILIES, FINANCIAL ASSISTANCE TO FAMILIES RECOVERING FROM A HOME FIRE, SUPPORT FOR BLOOD DRIVES, A MATCHING GIFT TO RAISE FUNDS TO BUILD A HABITAT HOME, TO CONDUCT AN ORGANIZATIONAL ASSESSMENT, OPERATING EXPENSES & A DONOR MANAGEMENT SYSTEM, ENGAGEMENTS WITH NEIGHBORHOOD RESIDENTS, CASA STAFF POSITIONS, PROGRAMMING TO SUPPORT THE TRANSITION FROM HIGH SCHOOL TO WORKFORCE AND COLLEGE, PROGRAM SUPPORT FOR GIRL SCOUTS BEYOND BARS, SALARY FOR A LEGAL ADVOCATE AT THE FAMILY ABUSE CENTER, RENOVATION AND CAPITAL PROJECTS AT TALITHA KOUM, OPERATING FUNDS FOR PROSPER WACO, AND TO SUPPORT THE PARTNERS FOR PLACES PROGRAM TO SUPPORT COMPOSTING AND GARDENING EDUCATION.
ANOTHER FOCUS AREA FOR THE FOUNDATION IS ARTS, CULTURE, AND RECREATION. DURING THE FISCAL YEAR, THE FOUNDATION MADE GRANTS FOR THE FOLLOWING PURPOSES: WATER SAFETY CLASSES AND SWIMMING LESSONS FOR MIDDLE SCHOOLAGE CHILDREN AND THEIR FAMILIES, A NEW ROOF FOR THE DR PEPPER MUSEUM, RENOVATION OF A FACILITY ON MCC CAMPUS, VIDEO PROJECTION EQUIPMENT FOR THE CIVIC THEATRE, AND A CONSULTANT TO PROVIDE AN ORGANIZATIONAL ASSESSMENT FOR ART CENTER WACO.
THREE MORE FOCUS AREAS FOR THE FOUNDATION ARE EDUCATION, HEALTH, AND SENIOR CITIZENS. DURING THE FISCAL YEAR, THE FOUNDATION MADE GRANTS FOR THE FOLLOWING PURPOSES: STEM+ SUMMER CAMP, BEHAVIORAL HEALTH "CRISIS HUB,"SUPPORT FOR THE HEALTHY WOMEN & CHILDREN COALITION, PURCHASE OF AN EKG MACHINE FOR SPECIALTY CLINIC, MAMMOGRAPHY SCREENING, HVAC REPLACEMENT & SERVER UPDATES, ROOF REPAIR, AND TO SUPPORT A THERAPEUTIC INITIATIVE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Roland Goertz Chairman | OfficerTrustee | 2 | $0 |
David Lacy Vice Chair | OfficerTrustee | 1.5 | $0 |
Sharon Shields Secretary/treasurer | OfficerTrustee | 2 | $0 |
Dale Fisseler Trustee | Trustee | 1.5 | $0 |
Michael Morrison Trustee | Trustee | 1.5 | $0 |
Virginia Dupuy Trustee | Trustee | 1.5 | $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 | $100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100 |
| Total Program Service Revenue | $0 |
| Investment income | $1,353,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,716 |
| Net Rental Income | $11,354 |
| Net Gain/Loss on Asset Sales | $271,967 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,652,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,136,708 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,395 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,022 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $240,121 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,131 |
| Information technology | $22,293 |
| Royalties | $0 |
| Occupancy | $12,405 |
| Travel | $20,041 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $52,604 |
| All other expenses | $8,608 |
| Total functional expenses | $2,792,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,116,150 |
| 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 | $152,135 |
| Investments—publicly traded securities | $84,040,009 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $226,257 |
| Total assets | $86,534,551 |
| Accounts payable and accrued expenses | $4,759 |
| Grants payable | $314,567 |
| 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 | $319,326 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $86,215,225 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $86,534,551 |
Grants Awarded
Over the last fiscal year, Madison Alexander Cooper And Martha Roane Cooper Foundation has awarded $2,128,308 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
PROSPER WACO PURPOSE: CONDUCT AN ORGANIZATIONAL ASSESSMENT AND HIRE A SEARCH FIRM TO CONDUCT A NATIONAL SEARCH FOR THE NEW PROSPER WACO CEO. | $67,770 |
BAYLOR UNIVERSITY PURPOSE: STEM+ SUMMER CAMP FOR STUDENTS AND TRAINING FOR TEACHERS FOCUSED ON MERGING THE ENGAGEMENT OF STEM WITH THE CREATIVITY OF ART | $46,280 |
WORLD HUNGER RELIEF CIN PURPOSE: THREE MONTHS OF OPERATING EXPENSES, HIRING A CONSULTANT TO ASSIST IN STRATEGIC PLANNING, AND PURCHASE A DONOR MANAGEMENT SYSTEM | $75,000 |
MEALS ON WHEELS (CENTRAL TEXAS SENIOR MINISTRY) PURPOSE: THERAPEUTIC INITIATIVE PROGRAM SUPPORT | $60,000 |
GRASSROOTS COMMUNITY DEVELOPMENT PURPOSE: RESIDENTIAL ENGAGEMENT WITH CURRENT HOUSING RESOURCES AND POTENTIAL HOUSING SOLUTIONS IN THEIR NEIGHBORHOODS | $170,000 |
WACO FOUNDATION PURPOSE: RACE EQUITY TRAININGS TO COMMUNITY LEADERS | $54,988 |