Mays Family Foundation
- Assets
- $288.9m
- Revenue
- $24.6m
- Investments
- $288.4m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 74-2691624
Organization Overview
Mays Family Foundation is located in San Antonio, TX. The organization was established in 1994. 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. Mays Family 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, Mays Family Foundation generated $24.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $22.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Mays Johnson Director/president | 15 | $84,190 | |
Linda Mays Mccaul Director | 1 | $0 | |
Mark P Mays Director | 1 | $0 | |
Randall T Mays Director/secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sendero Wealth Management | 12/30/22 | $355,511 |
Eagle Capital | 12/30/22 | $170,118 |
Dsm Capital | 12/30/22 | $88,201 |
Avalon Advisors | 12/30/22 | $86,850 |
Jp Morgan Private Bank | 12/30/22 | $72,987 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,434,692 |
| Interest on Savings | $946,001 |
| Dividends & Interest | $4,818,786 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,958,543 |
| Capital Gain Net Income | $14,958,543 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,419,029 |
| Total Revenue | $24,577,051 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $84,190 |
| Other employee salaries and wages | $175,529 |
| Pension plans, employee benefits | $75,915 |
| Interest | $0 |
| Taxes | $323,303 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,865,458 |
| Total operating and administrative expenses | $2,562,951 |
| Contributions, gifts, grants paid | $20,170,665 |
| Total expenses and disbursements | $22,733,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $429,744 |
| Net Accounts receivable | $18,282 |
| 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 | $64,081,958 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $288,852,936 |
| 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 |