Madalene Cain Foundation
- Assets
- $2.8m
- Revenue
- $97.7k
- Investments
- $2.8m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 11/1993
- Data as of
- 12/2023
- EIN
- 74-2684295
Organization Overview
Madalene Cain Foundation is located in San Antonio, TX. The organization was established in 1993. 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. Madalene Cain Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Madalene Cain Foundation has awarded 26 individual grants totaling $334,040. 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
J. MICHAEL WILKES, PRESIDENT OF THE FOUNDATION, SERVES ON THE BOARDS OR OTHERWISE SUPPORTS SEVERAL CHARITABLE ORGANIZATIONS, INCLUDING YOUTH FOR CHRIST, YMCA, ECUMENICAL CENTER, AND IGNITE COMMUNITY SOLUTIONS. THE EXPENSES FOR THESE ACTIVITIES ARE REPRESENTED BY A PORTION OF MR. WILKES COMPENSATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Wilkes Chairman Of The Board | 30 | $0 | |
Cory Albracht President/vp | 1 | $50,000 | |
Scott Barr Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,677 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $97,677 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,481 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,160 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $106 |
| Printing and publications | $0 |
| Other expenses | $390 |
| Total operating and administrative expenses | $128,797 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $213,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,615 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $114,495 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,485 |
| Total assets | $2,819,491 |
| 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, Madalene Cain Foundation has awarded $85,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSING FIRST COMMUNITY COALITION PURPOSE: GENERAL SUPPORT | $25,000 |
SAN ANTONIO YOUTH FOR CHRIST PURPOSE: GENERAL SUPPORT | $25,000 |
STRONG FOUNDATION PURPOSE: GENERAL SUPPORT | $25,000 |
HILLSDALE COLLEGE PURPOSE: SCHOLARSHIP | $10,000 |