Mays Foundation
- Assets
- $5.6m
- Revenue
- $494.3k
- Investments
- $1.8m
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 09/1965
- Data as of
- 07/2024
- EIN
- 75-1213346
Organization Overview
Mays Foundation is located in Amarillo, TX. The organization was established in 1965. 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. Mays 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 07/2024, Mays Foundation generated $494.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $565.6k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mays Foundation has awarded 436 individual grants totaling $3,729,020. 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 |
|---|---|---|---|
Karra Hill Vice President | 0 | $0 | |
Stacy Sharp President | 0 | $0 | |
Randy Sharp Sec/treas | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,019 |
| Interest on Savings | $131,019 |
| Dividends & Interest | $0 |
| Net Rental Income | -$2,086 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $192,714 |
| Total Revenue | $494,254 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,343 |
| Depreciation | $91,461 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $77,929 |
| Total operating and administrative expenses | $214,403 |
| Contributions, gifts, grants paid | $351,225 |
| Total expenses and disbursements | $565,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,373 |
| Savings and temporary cash investments | $0 |
| 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 | $13,523 |
| Net Investments - land, buildings, equipment | $2,207,662 |
| Investments—mortgage loans | $1,821,475 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,480,348 |
| Total assets | $5,607,381 |
| 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 | $6,450 |
| Total liabilities | $6,450 |
Grants Awarded
Over the last fiscal year, Mays Foundation has awarded $351,225 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
AMARILLO ANGELS PURPOSE: PROGRAMS | $1,425 |
AMARILLO AREA FOUNDATION PURPOSE: PROGRAMS | $500 |
AMARILLO PRAYER BREAKFAST PURPOSE: PROGRAMS | $500 |
AMARILLO CHILDREN'S HOME PURPOSE: PRGRAMS | $7,500 |
AMARILLO COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $1,000 |
AMARILLO ROTARY WEST PURPOSE: PROGRAMS | $500 |