Max And Minnie Tomerlin Voelcker Fund
- Assets
- $57.4m
- Revenue
- $3.3m
- Investments
- $56.2m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 10/2001
- Data as of
- 06/2023
- EIN
- 74-2985834
Organization Overview
Max And Minnie Tomerlin Voelcker Fund is located in San Antonio, TX. The organization was established in 2001. 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. Max And Minnie Tomerlin Voelcker Fund 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 06/2023, Max And Minnie Tomerlin Voelcker Fund generated $3.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $4.8m during the year ending 06/2023. While expenses have increased by 9.8% 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 2020, Max And Minnie Tomerlin Voelcker Fund has awarded 126 individual grants totaling $22,948,278. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
PROGRAM MANAGEMENT OF THE YOUNG INVESTIGATOR AWARDS AND SCHOLAR AWARDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Banks M Smith Trustee | 10 | $125,000 | |
David P Berndt Trustee | 3 | $100,000 | |
Forrester M Smith III Trustee | 3 | $100,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lcg Associates Inc | 6/29/23 | $100,000 |
Qe Philanthropic Advisors Llc | 6/29/23 | $57,200 |
Luther King Capital Management | 6/29/23 | $45,642 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $82,877 |
| Dividends & Interest | $797,564 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,876,723 |
| Capital Gain Net Income | $1,876,723 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $562,105 |
| Total Revenue | $3,319,269 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $325,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $162,834 |
| Depreciation | $154,106 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,347 |
| Printing and publications | $0 |
| Other expenses | $59,196 |
| Total operating and administrative expenses | $1,193,787 |
| Contributions, gifts, grants paid | $3,652,086 |
| Total expenses and disbursements | $4,845,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,907 |
| Savings and temporary cash investments | $1,176,722 |
| Net Accounts receivable | $12,128 |
| 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 | $21,640,258 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $57,409,220 |
| 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, Max And Minnie Tomerlin Voelcker Fund has awarded $5,785,419 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: A GRANT TO SUPPORT BLOOD SAVES LIVES | $25,000 |
BOYSVILLE INC PURPOSE: FUND PRIVATE PLACEMENT SERVICES | $180,000 |
CHILDREN'S HOSPITAL OF SAN ANTONIO PURPOSE: SUPPORT THE PEDIATRIC NEUROSURGERY EPILEPSY PROGRAM | $666,666 |
CONTRIBUTIONS PAID THROUGH MIT PRIVATE EQUITY FUND IV LP PURPOSE: CHARITABLE CONTRIBUTION | $3 |
RETINA FOUNDATION OF THE SOUTHWEST PURPOSE: SUPPORT AGE RELATED MACULAR DEGENERATION RESEARCH | $70,000 |
I CARE SAN ANTONIO PURPOSE: SUPPORT PATIENT VISION SERVICES AT HAVEN FOR HOPE | $135,000 |