Frances E Maddox Foundation
- Assets
- $5.8m
- Revenue
- $625.9k
- Investments
- $5.5m
- Employees
- 1
- Location
- Amarillo, TX
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 75-2859064
Organization Overview
Frances E Maddox Foundation is located in Amarillo, TX. The organization was established in 2001. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frances E Maddox Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Frances E Maddox Foundation has awarded 94 individual grants totaling $1,414,216. 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 Mission:
Part 3 - Line 1
ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES, INCLUDING FACILITATION OF LOW INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST IN THE DEVELOPMENT OF LOW TO MODERATE INCOME HOUSING AND EDUCTION PROGRAMS. OWNS AND OPERATES A LOW INCOME AFFORDABLE HOUSING COMPLEX IN HURST, TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamme Aureli President | 0 | $6,809 | |
Candy Wilbur Director | 0 | $0 | |
Linda Cunyus Secretary/tr | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,456 |
| Dividends & Interest | $132,624 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $489,844 |
| Capital Gain Net Income | $489,844 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21 |
| Total Revenue | $625,945 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,809 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $521 |
| Interest | $0 |
| Taxes | $7,074 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $77,389 |
| Contributions, gifts, grants paid | $294,000 |
| Total expenses and disbursements | $371,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,167 |
| Savings and temporary cash investments | $144,620 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,660 |
| Total assets | $5,776,130 |
| 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, Frances E Maddox Foundation has awarded $294,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Amarillo, TX PURPOSE: SUPPORT | $30,000 |
EVELINE'S SUNSHINE COTTAGE PURPOSE: SUPPORT | $25,000 |
Amarillo, TX PURPOSE: SUPPORT | $25,000 |
Amarillo, TX PURPOSE: SUPPORT | $25,000 |
MARTHA'S HOME PURPOSE: SUPPORT | $20,000 |
DOWNTOWN WOMEN'S CENTER PURPOSE: SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alamo Area Mutual Housing Association Inc San Antonio, TX | $51,706,215 | $15,020,368 |
Community Development Corporation Of Brownsville Inc Brownsville, TX | $63,084,439 | $14,190,282 |
Merced Housing Texas San Antonio, TX | $50,611,683 | $9,858,961 |
Trinity Affordable Housing Corporation Austin, TX | $27,521,509 | $8,167,693 |
Assisting Texas With Housing Inc Austin, TX | $21,990,420 | $4,581,783 |
Dallas Neighborhood Alliance For Habitat Dallas, TX | $1,401,689 | $4,975,573 |
Tierra Del Sol Housing Corporation Las Cruces, NM | $16,041,382 | $6,574,879 |
Louisiana Housing Assistance Corporation Alexandria, LA | $350,109 | $3,738,733 |
Affordable Community Housing Trust Edmond, OK | $6,149,448 | $2,689,134 |
Lago De Plata Inc Dallas, TX | $0 | $4,971,984 |
St Jude Inc Dallas, TX | $20,844,887 | $6,967,988 |
St Martin De Porres Inc Dallas, TX | $5,546,092 | $2,713,631 |