Cynthia & Geo Mitchell Foundation
- Assets
- $388.6m
- Revenue
- $28.4m
- Investments
- $319.5m
- Employees
- 0
- Location
- The Woodlands, TX
- Founding
- 06/1981
- Data as of
- 12/2023
- EIN
- 74-2170127
Organization Overview
Cynthia & Geo Mitchell Foundation is located in The Woodlands, TX. The organization was established in 1981. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cynthia & Geo Mitchell 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 12/2023, Cynthia & Geo Mitchell Foundation generated $28.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $18.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Cynthia & Geo Mitchell Foundation has awarded 1,878 individual grants totaling $60,320,776. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COOK'S BRANCH CONSERVANCY - SEE STATEMENT 21
MITCHELL INNOVATION LABTHE MITCHELL INNOVATION LAB SEEKS TO IDENTIFY AND RESEARCH THE NEXT MOST-PRESSING AND FUTURE SUSTAINABILITY ISSUES, BEYOND THE PROGRAMS WE ALREADY FUND. TOPICS LIKE THE ENERGY TRANSITION AND OTHER UP-AND-COMING SUSTAINABILITY QUESTIONS ARE AREAS OF FOCUS, WITH PROJECTS LIKE THE PERMIAN ENERGY DEVELOPMENT LAB.
CLEAN ENERGYTHE CYNTHIA AND GEORGE MITCHELL FOUNDATION IS COMMITTED TO CLEAN ENERGY IN THE STATE OF TEXAS AND SUPPORTS STRATEGIC EFFORTS THAT ENSURE THAT THE STATE'S GROWING DEMAND FOR POWER IS BOTH MINIMIZED AND MET WITH THE CLEANEST AND WATER-LEANEST SOURCES OF ELECTRICITY POSSIBLE. OUR CLEAN ENERGY PROGRAM HAS THREE AREAS OF FOCUS: ENHANCING DISTRIBUTED ENERGY RESOURCES (DERS); CATALYZING COMMUNITY-SCALE ENERGY PROJECTS; AND REDUCING INDUSTRIAL EMISSIONS.
SHALE (SUB-SURFACE ENERGY)THE FOUNDATION FOCUSES ON IMPROVING THE GOVERNANCE OF SUBSURFACE ENERGY DEVELOPMENT IN ADDITION TO SUPPORTING EFFORTS TO REDUCE THE NEGATIVE ENVIRONMENTAL AND COMMUNITY IMPACTS OF SHALE GAS DEVELOPMENT. THE SUBSURFACE ENERGY PROGRAM SUPPORTS A NUMBER OF SOLUTION-DRIVEN STRATEGIES, INCLUDING 1) EXAMINATION OF THE INTERPLAY BETWEEN FEDERAL, STATE, AND LOCAL GOVERNANCE AROUND SHALE DEVELOPMENT AND PROTOCOL DEVELOPMENT TO GUIDE INDUSTRY-COMMUNITY INTERACTIONS; 2) COMPREHENSIVE ANALYSIS OF THE RISKS ASSOCIATED WITH SHALE RESOURCE DEVELOPMENT, ESPECIALLY WITH RESPECT TO GROUND AND SURFACE WATER; AND 3) SUPPORT FOR COLLABORATIVE AND INCLUSIVE EFFORTS TO MODERNIZE THE REGULATORY SCHEME FOR OIL AND GAS OPERATIONS IN THE STATE OF TEXAS, WHICH THE FOUNDATION BELIEVES IS NEEDED BECAUSE REGULATIONS MAY NOT HAVE KEPT PACE WITH THE USE OF ADVANCED DRILLING TECHNOLOGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Lorenz President | 40 | $254,800 | |
C Grant Mitchell Chair | 2 | $0 | |
M Kent Mitchell Vice Chair | 1 | $7,000 | |
Michelle Robinson Secretary | 0.5 | $0 | |
Spiros Vassilakis Treasurer | 3 | $0 | |
Graham Mitchell Board Member | 1 | $7,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simpson Charles K | 12/30/23 | $413,310 |
Hudson Pacific Llc | 12/30/23 | $258,281 |
Raven Environmental Services Inc | 12/30/23 | $596,338 |
Gray Suit Llc | 12/30/23 | $150,897 |
Edustart Llc | 12/30/23 | $137,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,202,189 |
| Interest on Savings | $25,998 |
| Dividends & Interest | $8,164,556 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,036,154 |
| Capital Gain Net Income | $12,036,154 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,428,897 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $324,708 |
| Other employee salaries and wages | $879,191 |
| Pension plans, employee benefits | $293,957 |
| Interest | $0 |
| Taxes | $213,919 |
| Depreciation | $50,084 |
| Occupancy | $187,912 |
| Travel, conferences, and meetings | $257,621 |
| Printing and publications | $0 |
| Other expenses | $759,324 |
| Total operating and administrative expenses | $5,309,791 |
| Contributions, gifts, grants paid | $13,050,177 |
| Total expenses and disbursements | $18,359,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,110,193 |
| Savings and temporary cash investments | $16,490,025 |
| 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 | $2,204 |
| Net Investments - land, buildings, equipment | $22,322,620 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,145,112 |
| Other assets | $26,009,276 |
| Total assets | $388,623,760 |
| 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, Cynthia & Geo Mitchell Foundation has awarded $13,267,677 in support to 413 organizations.
| Grant Recipient | Amount |
|---|---|
1894 INC PURPOSE: TO SUPPORT THE GRAND 1894 OPERA HOUSE | $10,000 |
A BIKE FOR EVERY CHILD PURPOSE: TO HAVE OUR COMMUNITY COME TOGETHER AND SUPPORT OUR YOUTH TO RIDE INTO HAPPIER, HEALTHIER FUTURES | $1,000 |
A REASON TO SURVIVE PURPOSE: TO PROVIDE AND SUPPORT CREATIVE ARTS PROGRAMS THAT HEAL, INSPIRE, AMD EMPOWER YOUTH | $10,000 |
A SAFE PLACE INC PURPOSE: ASSIST VICTIMS OF COMMERCIAL SEXUAL EXPLOITATION AND SEX TRAFFICKING | $10,000 |
ADVANCED ENERGY INSTITUTE PURPOSE: TO EXPANE AND DEFEND ADVANCED ENERGY MARKETS IN TEXAS | $35,000 |
AIR ALLIANCE HOUSTON PURPOSE: TO PROTECT PUBLIC HEALTH AND NATURAL RESOURCES THROUGH THE REFORM OF TEXAS'S AGGREGATES AND CONCRETE INDUSTRY (PART 2) | $48,000 |