Moody Foundation
- Assets
- $2.2b
- Revenue
- $1.3b
- Investments
- $1.8b
- Employees
- 0
- Location
- Galveston, TX
- Founding
- 10/1943
- Data as of
- 12/2022
- EIN
- 74-1403105
Organization Overview
Moody Foundation is located in Galveston, TX. The organization was established in 1943. 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. Moody 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, Moody Foundation generated $1.3b in total revenue. All expenses for the organization totaled $135.5m during the year ending 12/2022. While expenses have increased by 7.2% 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, Moody Foundation has awarded 1,352 individual grants totaling $712,417,044. 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 |
|---|---|---|---|
Ross R Moody Trustee/vice Chair | 10 | $91,036 | |
Frances A Moody-Dahlberg Trustee/chair | 10 | $91,036 | |
Elizabeth Moody Trustee/secretary/treasurer | 10 | $91,036 | |
Frances A Moody-Dahlberg Executive Dir | 37.5 | $412,674 | |
Garrik C Addison CFO | 37.5 | $225,797 | |
Allan Matthews Dir Of Grants | 37.5 | $203,465 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Moody National Bank | 12/30/22 | $451,061 |
Jp Morgan | 12/30/22 | $376,512 |
Ubs | 12/30/22 | $318,577 |
Nepc Llc | 12/30/22 | $299,040 |
Top Tier Venture Capital X Lp | 12/30/22 | $275,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $28,315,762 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,841,274 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,240,447,305 |
| Capital Gain Net Income | $1,238,876,954 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $36,933,037 |
| Total Revenue | $1,332,537,378 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $273,109 |
| Other employee salaries and wages | $1,798,818 |
| Pension plans, employee benefits | $644,219 |
| Interest | $0 |
| Taxes | $18,930,814 |
| Depreciation | $197,076 |
| Occupancy | $154,961 |
| Travel, conferences, and meetings | $106,376 |
| Printing and publications | $0 |
| Other expenses | $3,597,289 |
| Total operating and administrative expenses | $29,379,471 |
| Contributions, gifts, grants paid | $106,115,981 |
| Total expenses and disbursements | $135,495,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $405,029,137 |
| 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 | $150,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $1,500,308 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,205,573,070 |
| Net Land, buildings, and equipment | $135,358 |
| Other assets | $51,700 |
| Total assets | $2,172,073,057 |
| 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, Moody Foundation has awarded $113,851,343 in support to 336 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN AMERICAN YOUTH HARVEST FOUNDATION PURPOSE: FUNDING COMMUNITY RESOURCE OFFERING EDUCATIONAL, HEALTH AND SOCIAL SERVICES IN THE AFRICAN AMERICAN COMMUNITIES | $75,000 |
AFTER8TOEDUCATE PURPOSE: DROP-IN CENTER FOR HOMELESS YOUTH, AVAILABLE 24 HOURS PER DAY | $215,000 |
ALCOHOL DRUG ABUSE WOMEN'S CENTER INC PURPOSE: COVID-19 RELIEF | $20,000 |
ALLIANCE IN RECONSTRUCTIVE SURGERY PURPOSE: PROVIDING ADVOCACY AND FINANCIAL ASSISTANCE TO CANCER PATIENTS | $25,000 |
ALVIN SOUTH COAST MINISTRIES INC PURPOSE: REPLACING A VAN AND WORK TRUCK, AND REPAIRS TO THE GROUP HOMES KITCHEN, RESTROOMS AND EXTERIOR | $46,000 |
ALZHEIMERS ALLIANCE OF NORTHEAST TEXAS INC PURPOSE: PROVIDING SERVICES TO INDIVIDUALS WITH ALZHEIMERS OR DEMENTIA | $50,000 |