Mike & Mary Terry Family Foundation
- Assets
- $7.0m
- Revenue
- $1.4m
- Investments
- $6.3m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 75-2902847
Organization Overview
Mike & Mary Terry Family Foundation is located in Dallas, TX. The organization was established in 2000. 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. Mike & Mary Terry Family 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 2019, Mike & Mary Terry Family Foundation has awarded 95 individual grants totaling $5,351,063. 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 |
|---|---|---|---|
Allison Salas Executive Director | 40 | $122,439 | |
Melissa T Pridmore President | 7 | $0 | |
Mary D Terry Secretary | 5 | $0 | |
Michael F Terry Jr Board Member | 0 | $0 | |
Travis Terry Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $163,621 |
| Interest on Savings | $0 |
| Dividends & Interest | $316,661 |
| Net Rental Income | $80,756 |
| Net Gain on Sale of Assets | $727,220 |
| Capital Gain Net Income | $727,220 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,445,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $122,439 |
| Other employee salaries and wages | $24,325 |
| Pension plans, employee benefits | $4,989 |
| Interest | $23,105 |
| Taxes | $31,349 |
| Depreciation | $17,962 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $197,603 |
| Total operating and administrative expenses | $465,733 |
| Contributions, gifts, grants paid | $1,068,950 |
| Total expenses and disbursements | $1,534,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,409 |
| Savings and temporary cash investments | $106,675 |
| 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 | $276 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $522,024 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,000 |
| Total assets | $6,986,675 |
| 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 | $468,366 |
| Other liabilities | $10,225 |
| Total liabilities | $478,591 |
Grants Awarded
Over the last fiscal year, Mike & Mary Terry Family Foundation has awarded $1,068,950 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ST RITA SCHOOL ENDOWMENT FUND PURPOSE: COMMUNITY | $151,500 |
Dallas, TX PURPOSE: COMMUNITY | $100,000 |
THE HALO INITIATIVE PURPOSE: COMMUNITY | $100,000 |
URSULINE ACADEMY OF DALLAS PURPOSE: COMMUNITY | $90,000 |
JESUIT COLLEGE PREP SCHOOL FOUNDATION PURPOSE: EDUCATION | $80,000 |
BACHMAN LAKE TOGETHER PURPOSE: COMMUNITY | $80,000 |
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 |