John And Maurine Cox Foundation
- Assets
- $56.6m
- Revenue
- $7.2m
- Investments
- $38.4m
- Employees
- 0
- Location
- Midland, TX
- Founding
- 05/1994
- Data as of
- 12/2023
- EIN
- 75-2536459
Organization Overview
John And Maurine Cox Foundation is located in Midland, TX. The organization was established in 1994. 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. John And Maurine Cox 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 12/2023, John And Maurine Cox Foundation generated $7.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, John And Maurine Cox Foundation has awarded 398 individual grants totaling $11,279,568. 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:
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Mcmahan Director | 0 | $0 | |
Kelly Cox Trustee | 0 | $0 | |
Adam Rubinson Director | 0 | $0 | |
Anita Cox Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,866,644 |
| Interest on Savings | $23 |
| Dividends & Interest | $2,797,743 |
| Net Rental Income | -$1,787 |
| Net Gain on Sale of Assets | -$514,515 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $95,287 |
| Total Revenue | $7,245,182 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $59,365 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $689,039 |
| Contributions, gifts, grants paid | $2,655,500 |
| Total expenses and disbursements | $3,344,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,649,785 |
| 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 | $28,614,110 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,598,333 |
| Total assets | $56,607,663 |
| 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, John And Maurine Cox Foundation has awarded $2,655,500 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
BE THE CHANGE PURPOSE: CONTRIBUTION | $10,000 |
BOYS AND GIRLS CLUB OF MIDLAND PURPOSE: CONTRIBUTION | $5,000 |
BUCKNER FOSTER CARE AND ADOPTION PURPOSE: CONTRIBUTION | $5,000 |
BYNUM SCHOOL OPERATIONS FUND PURPOSE: CONTRIBUTION | $10,000 |
CASA OF WEST TEXAS PURPOSE: CONTRIBUTION | $5,000 |
CENTER FOR TRANSFORMING LIVES PURPOSE: CONTRIBUTION | $20,000 |