Gorman Foundation
- Assets
- $2.6m
- Revenue
- $77.6k
- Investments
- $2.3m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 74-2822598
Organization Overview
Gorman Foundation is located in San Antonio, TX. The organization was established in 1997. 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. Gorman 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 12/2021, Gorman Foundation generated $77.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $466.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gorman Foundation has awarded 93 individual grants totaling $2,596,287. 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 |
|---|---|---|---|
Amy Gorman Ellis Vice President | 2 | $0 | |
Samuel Cain Ellis Secretary | 2 | $0 | |
Michael A Schott President & CEO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $494 |
| Dividends & Interest | $67,975 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,993 |
| Capital Gain Net Income | $8,993 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $171 |
| Total Revenue | $77,633 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,290 |
| Depreciation | $0 |
| Occupancy | $18,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,287 |
| Total operating and administrative expenses | $76,527 |
| Contributions, gifts, grants paid | $390,406 |
| Total expenses and disbursements | $466,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,806 |
| Savings and temporary cash investments | $283,724 |
| 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 | $8,738 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,593,047 |
| 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 | $1,862 |
| Total liabilities | $1,862 |
Grants Awarded
Over the last fiscal year, Gorman Foundation has awarded $390,406 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
San Antonio, TX PURPOSE: ANNUAL CAMPAIGN | $175,000 |
TEXAS BIOMEDICAL RESEARCH INSTITUTE PURPOSE: CAPITAL CAMPAIGN | $100,000 |
CHILDREN'S HOSPITAL OF SAN ANTONIO FOUNDATION PURPOSE: ANNUAL CAMPAIGN | $30,000 |
SPACE FOUNDATION PURPOSE: ANNUAL CAMPAIGN | $25,000 |
San Antonio, TX PURPOSE: YOUTH TENNIS PROGRAM | $20,000 |
San Antonio, TX PURPOSE: TUITION CAMPAIGN | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |