Meredith Foundation
- Assets
- $21.0m
- Revenue
- $987.8k
- Investments
- $20.6m
- Employees
- 0
- Location
- Mineola, TX
- Founding
- 06/1965
- Data as of
- 12/2020
- 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 12/2020, Meredith Foundation generated $987.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Meredith Foundation has awarded 67 individual grants totaling $6,313,863. 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 Trustee | 0 | $0 | |
Jerry Phillips Trustee | 0 | $0 | |
Lou Wagner Chairman | 0 | $0 | |
Bob Smith Vice Chairman | 0 | $0 | |
Joe Williams Sec/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $848,585 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$37,744 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $176,934 |
| Total Revenue | $987,775 |
| 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 | $52,499 |
| Depreciation | $396 |
| Occupancy | $5,940 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50,533 |
| Total operating and administrative expenses | $184,368 |
| Contributions, gifts, grants paid | $1,479,666 |
| Total expenses and disbursements | $1,664,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $359,900 |
| Net Accounts receivable | $65,729 |
| 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 | $3,584 |
| Net Investments - land, buildings, equipment | $3,454 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $21,005,012 |
| 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 | $1 |
| Total liabilities | $2,276 |
Grants Awarded
Over the last fiscal year, Meredith Foundation has awarded $1,479,666 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF MINEOLA PURPOSE: CHARITABLE - CAPITAL IMPROVEMENTS | $376,172 |
MINEOLA ISD PURPOSE: CHARITABLE - SCHOLARSHIPS; MAINTENANCE | $207,847 |
Mineola, TX PURPOSE: CHARITABLE - OPERATING BUDGET; MAINTENANCE; EQUIPMENT | $205,000 |
Mineola, TX PURPOSE: CHARITABLE - OPERATING BUDGET | $174,213 |
Mineola, TX PURPOSE: CHARITABLE - OPERATING BUDGET; MAINTENANCE & FIXED ASSETS | $169,108 |
Mineola, TX PURPOSE: CHARITABLE - OPERATIONS | $73,587 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |