Meredith Foundation
- Assets
- $21.8m
- Revenue
- $1.6m
- Investments
- $20.8m
- Employees
- 0
- Location
- Mineola, TX
- Founding
- 06/1965
- Data as of
- 12/2022
- EIN
- 75-6024469
Organization Overview
Meredith Foundation is located in Mineola, 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. Meredith 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 12/2022, Meredith Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Meredith Foundation has awarded 95 individual grants totaling $8,456,823. 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 |
|---|---|---|---|
Robin Averett Trustee | 0 | $0 | |
Freda Madsen Vice Chairman | 0 | $0 | |
Jerry Phillips Trustee | 0 | $0 | |
Demethrius Boyd Trustee | 0 | $0 | |
Joe Williams Sec/treasurer | 0 | $0 | |
Bob Smith Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $884,035 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $226,313 |
| Capital Gain Net Income | $226,313 |
| Net ST Capital Gain | $1 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $484,446 |
| Total Revenue | $1,594,794 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $56,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $85,553 |
| Depreciation | $397 |
| Occupancy | $5,940 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58,254 |
| Total operating and administrative expenses | $225,644 |
| Contributions, gifts, grants paid | $1,134,545 |
| Total expenses and disbursements | $1,360,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $928,669 |
| Net Accounts receivable | $57,310 |
| 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 | $16,584 |
| Net Investments - land, buildings, equipment | $2,661 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,805,692 |
| Accounts payable and accrued expenses | $2,275 |
| 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 | $2 |
| Total liabilities | $2,277 |
Grants Awarded
Over the last fiscal year, Meredith Foundation has awarded $1,134,545 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
MINEOLA LEAGUE OF ARTS PURPOSE: CHARITABLE - PROMOTE THEATRE ARTS;OPERATIONS,REPAIRS, & EQUIPMENT | $44,292 |
CITY OF MINEOLA PURPOSE: CHARITABLE - CAPITAL IMPROVEMENTS, OPERATING FUNDS | $233,335 |
LAKE COUNTRY PLAYHOUSE PURPOSE: CHARITABLE - OPERATIONS | $72,300 |
MINEOLA YOUTH FOUNDATION PURPOSE: CHARITABLE - OPERATING BUDGET; MAINTENANCE & FIXED ASSETS | $51,843 |
MINEOLA CIVIC CENTER PURPOSE: CHARITABLE - OPERATING BUDGET; MAINTENANCE; EQUIPMENT | $284,218 |
THE METHODIST CHILDRENS HOME PURPOSE: CHARITABLE - CHRISTMAS GIFTS FOR RESIDENTS | $8,000 |