Mary E Bivins Foundation
- Assets
- $109.3m
- Revenue
- $7.3m
- Investments
- $64.7m
- Employees
- 9
- Location
- Amarillo, TX
- Founding
- 01/2003
- Data as of
- 09/2023
- EIN
- 75-0842370
Organization Overview
Mary E Bivins Foundation is located in Amarillo, TX. The organization was established in 2003. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Mary E Bivins Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary E Bivins 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 09/2023, Mary E Bivins Foundation generated $7.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $4.1m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mary E Bivins Foundation has awarded 225 individual grants totaling $13,119,679. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MARY E. BIVINS FOUNDATION, A TEXAS NON-PROFIT CORPORATION, WAS FORMED IN 1949. THE PURPOSES / MISSION FOR WHICH THE CORPORATION WAS FORMED ARE: (A) TO OPERATE FOR THE BENEFIT OF NURSING HOMES ESTABLISHED FOR WORTHY, AGED, AND NEEDY PERSONS. (B) TO OPERATE FOR THE BENEFIT OF NURSING HOMES ESTABLISHED FOR WORTHY, AGED, AND NEEDY PERSONS SUFFERING FROM ALZHEIMERS DISEASE. (C) TO OPERATE FOR THE BENEFIT OF WORTHY RELIGIOUS UNDERTAKINGS, INCLUDING THE EDUCATION OF MINISTERS TO PREACH THE CHRISTIAN RELIGION. (D) TO OPERATE FOR THE BENEFIT OF WORTHY CHARITABLE ORGANIZATIONS OR UNDERTAKINGS WHICH SERVE WORTHY, AGED, OR NEEDY PERSONS. (E) TO BE ORGANIZED AND OPERATED IN A MANNER TO SUPPORT OR BENEFIT ONE OR MORE SPECIFIED PUBLICLY SUPPORTED ORGANIZATIONS PURSUANT TO SECTION 1.509(A)-4(D) OF THE TREASURY REGULATIONS. (F) TO BE ORGANIZED AND OPERATED IN A MANNER TO EXCLUSIVELY SUPPORT RELIGIOUS, CHARITABLE, OR EDUCATIONAL PURPOSES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. (G
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARY E. BIVINS FOUNDATION HAS A PRIMARY PURPOSE OF SUPPORTING THE LEE BIVINS FOUNDATION, BETTY BIVINS CHILDERS FOUNDATION, BIVINS VILLAGE, AND BIVINS VILLAGE II IN ORDER TO PROVIDE HOUSING, AS WELL AS PROGRAMS & SERVICES, SO THAT ELDERLY CITIZENS CAN CONTINUE TO LIVE FULFULLING & DIGNIFIED LIVES. THE LEE BIVINS FOUNDATION PROVIDES QUALITY DIRECT CARE FOR THE AGED REGARDLESS OF THE FINANCIAL CAPACITY OF THE INDIVIDUAL.
PROVIDE COMMUNITY & REGIONAL FUNDING FOR CHARITABLE PURPOSES WHICH ADDRESS THE NON-RECURRING NEEDS OF QUALIFIED NON-PROFIT ORGANIZATIONS COMMITTED TO IMPROVING & ENRICHING THE QUALITY OF LIFE IN THE 26 COUNTIES OF THE TEXAS PANHANDLE. PREFERENCE IS GIVEN TO PURPOSES THAT ASSIST IN FURTHERING THE FOUNDATION'S PRIMARY PHILANTHROPIC OBJECTIVE TO ELDERCARE.
PROVIDES FUNDS TO ASSIST WORTHY CHRISTIAN RELIGIOUS UNDERTAKINGS THAT ADDRESS CRITICAL COMMUNITY NEEDS TO EDUCATE MINISTERS TO PREACH THE CHRISTIAN RELIGION. SCHOLARSHIPS ARE CURRENTLY RESTRICTED TO UPPER-CLASSMEN SEEKING AN UNDERGRADUATE OR GRADUATE EDUCATION LEADING TO A BACHELORS, MASTERS, DOCTORATE IN A FIELD THAT PREPARES THE STUDENT TO PREACH THE CHRISTIAN RELIGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katharyn Wiegand President | Officer | 5 | $227,047 |
Paul Sneed Chief Fin Of | Officer | 5 | $172,570 |
Steve Urban Chairman | OfficerTrustee | 0.5 | $0 |
Mark Bivins Vice Chairma | OfficerTrustee | 0.5 | $0 |
Puff Niegos Secretary | OfficerTrustee | 0.5 | $0 |
Dr Bud Joyner Past Board C | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Angeles Investment Advisor Investment Fees | 9/29/23 | $188,967 |
Amarillo National Bank Investment Fees | 9/29/23 | $104,817 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,307,676 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,307,676 |
| Total Program Service Revenue | $0 |
| Investment income | $1,418,761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,229 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$478,215 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,251,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,396,231 |
| Grants and other assistance to domestic individuals. | $99,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $384,171 |
| Compensation of current officers, directors, key employees. | $334,127 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,866 |
| Pension plan accruals and contributions | $19,659 |
| Other employee benefits | $115,190 |
| Payroll taxes | $42,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,793 |
| Fees for services: Accounting | $54,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $293,784 |
| Fees for services: Other | $250 |
| Advertising and promotion | $14,655 |
| Office expenses | $9,628 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $186,276 |
| Travel | $34,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,380 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,441 |
| Insurance | $29,503 |
| All other expenses | $380 |
| Total functional expenses | $4,131,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,870,412 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,141,661 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $77,524 |
| Net Land, buildings, and equipment | $2,142,330 |
| Investments—publicly traded securities | $37,436,546 |
| Investments—other securities | $64,651,438 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,602 |
| Total assets | $109,322,513 |
| Accounts payable and accrued expenses | $204,992 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $204,992 |
| Net assets without donor restrictions | $109,117,521 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $109,322,513 |
Grants Awarded
Over the last fiscal year, Mary E Bivins Foundation has awarded $2,353,058 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
AMARILLO AREA CASA PURPOSE: OPERATING SUPPORT | $80,000 |
AMARILLO HEARING FOUNDATION PURPOSE: TESTING/TREATMENT | $55,000 |
AMARILLO WESLEY COMMUNITY CENTER PURPOSE: SENIOR VAN | $25,000 |
SOUTHWEST CHAPTER OF NATIONAL AMBUC PURPOSE: AMBILITY PARK | $10,000 |
CACTUS NAZARENE MINISTRY CENTER PURPOSE: INCREASE CAPACITY | $35,000 |
CASA OF THE ROLLING PLAINS INC PURPOSE: PURCHASE VEHICLE | $17,000 |