James N Mccoy Foundation
- Assets
- $56.1m
- Revenue
- $17.4m
- Investments
- $77.7m
- Employees
- 0
- Location
- Wichita Falls, TX
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 75-2587034
Organization Overview
James N Mccoy Foundation is located in Wichita Falls, TX. The organization was established in 1995. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. James N Mccoy 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, James N Mccoy Foundation generated $17.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.5% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 4.8% 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, James N Mccoy Foundation has awarded 196 individual grants totaling $11,473,050. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Ken Hines Trustee/vp/sec/treasurer | 8 | $0 | |
Mark Mccoy Trustee/vp | 1 | $0 | |
Robert W Goff Jr Trustee | 1 | $0 | |
Vicki D Mccoy Trustee/president | 2 | $0 | |
Lesley B Chasteen Assistant Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,126,346 |
| Interest on Savings | $14 |
| Dividends & Interest | $730,576 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $543,670 |
| Capital Gain Net Income | $926,428 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,400,606 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $17 |
| Taxes | $93,841 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11 |
| Total operating and administrative expenses | $117,177 |
| Contributions, gifts, grants paid | $2,364,000 |
| Total expenses and disbursements | $2,481,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,693 |
| Savings and temporary cash investments | $21,606 |
| 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 | $38,028,119 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $16,304,213 |
| Total assets | $56,095,305 |
| 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, James N Mccoy Foundation has awarded $4,728,000 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
Wichita Falls, TX PURPOSE: GENERAL OPERATIONS. | $800,000 |
Wichita Falls, TX PURPOSE: GENERAL OPERATIONS | $800,000 |
Wichita Falls, TX PURPOSE: GENERAL OPERATIONS. | $430,000 |
Wichita Falls, TX PURPOSE: GENERAL OPERATIONS | $430,000 |
WICHITA FALLS AREA COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATIONS. | $122,500 |
WICHITA FALLS AREA COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATIONS | $122,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hildebrand Foundation Houston, TX | $114,322,883 | $23,614,226 |
Carl A Davis And Lois E Davis Foundation Houston, TX | $0 | $544,470 |
Hirsch Family Foundation Dallas, TX | $52,981,348 | $34,969,949 |
Entergy Charitable Foundation New Orleans, LA | $10,718,766 | $2,697,786 |
Smith Family Foundation Austin, TX | $2,063,167 | $8,401,265 |
Nancy Smith Hurd Foundation Tr San Antonio, TX | $73,883,656 | $7,181,888 |
Santander Consumer Usa Inc Foundation Dallas, TX | $61,196,374 | $60,000,000 |
Hal & Charlie Peterson Foundation Kerrville, TX | $63,600,144 | $3,895,944 |
Boone Family Foundation Dallas, TX | $0 | $1,805,045 |
William A Brookshire Foundation Lakeway, TX | $44,188,133 | $14,237,408 |
Con Alma Health Foundation Santa Fe, NM | $33,283,264 | $4,439,981 |
One Gas Foundation Inc Tulsa, OK | $37,667,049 | $5,198,491 |