Effie And Wofford Cain Foundation
- Assets
- $107.8m
- Revenue
- $5.5m
- Investments
- $104.3m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 05/1954
- Data as of
- 10/2023
- EIN
- 75-6030774
Organization Overview
Effie And Wofford Cain Foundation is located in Austin, TX. The organization was established in 1954. 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. Effie And Wofford Cain 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 10/2023, Effie And Wofford Cain Foundation generated $5.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $7.1m during the year ending 10/2023. While expenses have increased by 4.0% 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 2021, Effie And Wofford Cain Foundation has awarded 181 individual grants totaling $39,156,309. 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 |
|---|---|---|---|
John C Cain Director Of Real Estate, VP | 32 | $39,080 | |
Charmaine D Mcgill Director, Vp, Grant Administrator | 31 | $88,161 | |
F Wofford Denius Director Of Legal, President | 31 | $39,080 | |
Lynn Fowler Executive Director, Secy & Treasurer | 43.35 | $286,200 | |
Mary Bratz Business Mgr, Asst Secretary | 40.15 | $97,520 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smith Asset Management | 10/30/23 | $149,327 |
Jp Morgan Chase | 10/30/23 | $101,026 |
Fiducient Advisors | 10/30/23 | $79,355 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $224,241 |
| Dividends & Interest | $2,833,432 |
| Net Rental Income | $272,029 |
| Net Gain on Sale of Assets | $1,923,573 |
| Capital Gain Net Income | $1,196,015 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $172,121 |
| Total Revenue | $5,451,346 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $550,040 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $241,743 |
| Interest | $0 |
| Taxes | $129,124 |
| Depreciation | $4,646 |
| Occupancy | $26,860 |
| Travel, conferences, and meetings | $180,412 |
| Printing and publications | $4,498 |
| Other expenses | $24,999 |
| Total operating and administrative expenses | $1,597,761 |
| Contributions, gifts, grants paid | $5,521,500 |
| Total expenses and disbursements | $7,119,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,116 |
| Savings and temporary cash investments | $2,464,225 |
| 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 | $391,388 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,673,180 |
| Net Land, buildings, and equipment | $40,127 |
| Other assets | $397,837 |
| Total assets | $107,772,381 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $16,283,334 |
| 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 | $16,283,334 |
Grants Awarded
Over the last fiscal year, Effie And Wofford Cain Foundation has awarded $21,804,834 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
HENDERSON COUNTY PERFORMING ARTS CENTER PURPOSE: GENERAL SUPPORT | $10,000 |
TEXAS STATE HISTORY MUSEUM PURPOSE: GENERAL SUPPORT | $10,000 |
ATHENS CHRISTIAN PREPARATORY ACADEMY PURPOSE: GENERAL SUPPORT | $10,000 |
ATHENS HIGH SCHOOL PURPOSE: GRADUATION CEREMONY | $7,000 |
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: GENERAL SUPPORT | $150,000 |
KAPPA ALPHA THETA FOUNDATION PURPOSE: FACILITIES CONSTRUCTION | $25,000 |