Mamie Mcfaddin Ward Heritage Foundation
- Assets
- $39.2m
- Revenue
- $6.7m
- Investments
- $36.2m
- Employees
- 0
- Location
- Beaumont, TX
- Founding
- 12/1976
- Data as of
- 12/2021
- EIN
- 74-6260525
Organization Overview
Mamie Mcfaddin Ward Heritage Foundation is located in Beaumont, TX. The organization was established in 1976. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mamie Mcfaddin Ward Heritage 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, Mamie Mcfaddin Ward Heritage Foundation generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 0.5% per year over the past 7 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 2014, Mamie Mcfaddin Ward Heritage Foundation has awarded 157 individual grants totaling $15,907,187. 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 |
|---|---|---|---|
Hancock Whitney Bank Co-Trustee | 5 | $0 | |
Eugene Hb Mcfaddin Co-Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $219,133 |
| Dividends & Interest | $858,233 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,403,105 |
| Capital Gain Net Income | $5,403,105 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $237,429 |
| Total Revenue | $6,717,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47,779 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $326,555 |
| Total operating and administrative expenses | $380,264 |
| Contributions, gifts, grants paid | $2,040,530 |
| Total expenses and disbursements | $2,420,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,925,709 |
| 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 | $2,961,348 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $31,524 |
| Total assets | $39,179,042 |
| 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, Mamie Mcfaddin Ward Heritage Foundation has awarded $2,040,530 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Beaumont, TX PURPOSE: OPERATING BUDGET | $1,542,499 |
LAMAR UNIVERSITY PURPOSE: SPINDLETOP GLADYS CITY BOOMTOWN MUSEUM | $315,000 |
BEAUMONT COUNCIL OF GARDEN CLUBS PURPOSE: REPAIRS TO THE WARREN LOOSE CONSERVATORY AND PONDS | $33,000 |
SALVATION ARMY PURPOSE: HOMELESS SHELTER RENOVATION PROJECT | $26,000 |
BEAUMONT HERITAGE SOCIETY PURPOSE: JOHN J. FRENCH MUSEUM WALKWAY | $16,260 |
Beaumont, TX PURPOSE: FACILITY REAR DOOR REPLACEMENT | $15,572 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Galveston Historical Foundation Inc Galveston, TX | $33,194,723 | $16,815,449 |
Oklahoma Hall Of Fame Inc Oklahoma City, OK | $15,367,222 | $1,723,507 |
Mamie Mcfaddin Ward Heritage Foundation Beaumont, TX | $39,179,042 | $6,717,900 |
San Antonio Conservation Society San Antonio, TX | $5,466,281 | $1,168,192 |
Texas State Historical Association Austin, TX | $3,131,063 | $1,524,927 |
Friends Of The Texas Historical Commission Inc Austin, TX | $2,566,548 | $1,192,867 |
Texas Panhandle Heritage Foundation Inc Canyon, TX | $2,876,376 | $2,832,442 |
Corpus Christi Area Heritage Society Corpus Christi, TX | $1 | $1,500 |
Dallas Historical Society Hall Of State Fair Park Dallas, TX | $2,271,425 | $1,532,505 |
Cherokee National Historical Society Inc Tahlequah, OK | $2,426,107 | $954,302 |
River Road Historical Society Destrehan, LA | $8,368,126 | $1,410,629 |
Tulsa Historical Society Tulsa, OK | $8,618,832 | $802,922 |