George Foundation
- Assets
- $273.6m
- Revenue
- $31.7m
- Investments
- $218.1m
- Employees
- 0
- Location
- Richmond, TX
- Founding
- 09/1950
- Data as of
- 12/2021
- EIN
- 74-6043368
Organization Overview
George Foundation is located in Richmond, TX. The organization was established in 1950. 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. George 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, George Foundation generated $31.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $23.8m during the year ending 12/2021. While expenses have increased by 11.0% 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, George Foundation has awarded 550 individual grants totaling $81,292,968. 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
2021
Describe the Organization's Program Activity:
THE GEORGE RANCH HISTORICAL PARK (GRHP) - OPERATING EXPENSESTHE GRHP IS AN OUTDOOR LIVING MUSEUM WHERE EVERY DAY, THE LEGENDS AND LEGACIES OF THOSE WHO SHAPED THIS PLACE COME TO LIFE. AUTHENTIC LOCATIONS, HISTORIC HOMES, COSTUMED PRESENTERS AND A REMARKABLE STORY OF DETERMINATION AND COURAGE SET THE STAGE FOR TREKKING THROUGH TEXAS HISTORY. PUBLIC TOURS AND AN EXTENSIVE LIST OF SCHOOL PROGRAMS ARE AVAILABLE.DUE TO COVID-19 AND THE RESULTING SHUTDOWNS, 2021 VISITATION BEGAN A RECOVERY FROM 2020 YET STILL NOT AT PRE-PANDEMIC LEVELS. 8,385 STUDENT GROUP ATTENDEES FROM 54 SCHOOLS PLUS 45 PRIVATE/CHARTER GROUPS - 17 INDEPENDENT SCHOOL DISTRICTS, PLUS 25 PRIVATE/CHARTER SCHOOLS, AND 11 COUNTIES; TOTAL GRHP ATTENDANCE FOR 2021 = 13,647
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger E Adamson CEO | 40 | $395,500 | |
Sandra G Thompson CFO | 40 | $225,150 | |
Quynh-Anh Mcmahan Grant Officer | 40 | $159,000 | |
Adrienne Barker Grhp Site Director | 40 | $117,500 | |
Rocky L Parr Operations Mgr | 40 | $108,300 | |
Diana Kallus-Etzler Accountant | 40 | $99,625 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lindsey Electric Lp | 12/30/21 | $336,592 |
Paul Comstock Partners | 12/30/21 | $205,934 |
Rmb Capital Management Llc | 12/30/21 | $272,611 |
Williams Public Affairs | 12/30/21 | $120,000 |
Upstream Thinking Llc | 12/30/21 | $166,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,117 |
| Interest on Savings | $2,037,171 |
| Dividends & Interest | $2,307,640 |
| Net Rental Income | $1,222,013 |
| Net Gain on Sale of Assets | $22,445,976 |
| Capital Gain Net Income | $22,445,976 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,414,795 |
| Total Revenue | $31,716,061 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $545,500 |
| Other employee salaries and wages | $824,959 |
| Pension plans, employee benefits | $164,545 |
| Interest | $0 |
| Taxes | $555,873 |
| Depreciation | $508,353 |
| Occupancy | $68,069 |
| Travel, conferences, and meetings | $224 |
| Printing and publications | $0 |
| Other expenses | $2,667,992 |
| Total operating and administrative expenses | $6,901,902 |
| Contributions, gifts, grants paid | $16,924,636 |
| Total expenses and disbursements | $23,826,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $6,811,457 |
| 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 | $27,705,318 |
| Investments—mortgage loans | $0 |
| Investments—other | $134,194,030 |
| Net Land, buildings, and equipment | $7,893,814 |
| Other assets | $13,126,537 |
| Total assets | $273,620,685 |
| 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 | $1,900 |
| Total liabilities | $1,900 |
Grants Awarded
Over the last fiscal year, George Foundation has awarded $81,292,968 in support to 550 organizations.
| Grant Recipient | Amount |
|---|---|
Waco, TX PURPOSE: TO SUPPORT A NEW FORT BEND CAMPUS OF TEXAS STATE TECHNICAL COLLEGE | $8,348,480 |
Waco, TX PURPOSE: TO SUPPORT A NEW FORT BEND CAMPUS OF TEXAS STATE TECHNICAL COLLEGE | $8,348,480 |
Houston, TX PURPOSE: IN SUPPORT OF OUTFITTING LABS AND INSTRUCTIONAL SPACES IN THE COLLEGE OF TECHNOLOGY AT THE UNIVERSITY OF HOUSTON AT SUGAR LAND WITH STATE-OFTHE-ART LEARNING EQUIPMENT AND IT INFRASTRUCTURE TO SUPPORT DISTANCE LEARNING UPGRADES | $2,000,000 |
Houston, TX PURPOSE: IN SUPPORT OF OUTFITTING LABS AND INSTRUCTIONAL SPACES IN THE COLLEGE OF TECHNOLOGY AT THE UNIVERSITY OF HOUSTON AT SUGAR LAND WITH STATE-OFTHE-ART LEARNING EQUIPMENT AND IT INFRASTRUCTURE TO SUPPORT DISTANCE LEARNING UPGRADES | $2,000,000 |
Richmond, TX PURPOSE: TOWARD EDUCATIONAL PROGRAMMING AND SUPPORT FUNCTIONS TO SERVE THE PUBLIC AT THE GEORGE RANCH HISTORICAL PARK | $1,752,500 |
Richmond, TX PURPOSE: TOWARD EDUCATIONAL PROGRAMMING AND SUPPORT FUNCTIONS TO SERVE THE PUBLIC AT THE GEORGE RANCH HISTORICAL PARK | $1,752,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that George Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Texas Mutual Insurance Company Austin, TX PURPOSE: Hurricane Harvey relief | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
Perot Foundation Dallas, TX | $46,575,873 | $1,622,633 |
The Charles Butt Foundation San Antonio, TX | $7,229,103 | $6,060,986 |