Shearn Moody Plaza Corporation
- Assets
- $0.0
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Galveston, TX
- Founding
- 07/1982
- Data as of
- 07/2020
- EIN
- 76-0019420
Organization Overview
Shearn Moody Plaza Corporation is located in Galveston, TX. The organization was established in 1982. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Shearn Moody Plaza Corporation 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 07/2020, Shearn Moody Plaza Corporation generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $2.5m during the year ending 07/2020. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION WAS ORGANIZED TO OPERATE AN OFFICE BUILDING EXCLUSIVELY FOR THE BENEFIT OF THE TENANTS OF THE BUILDING, OF WHICH SHALL BE ORGANIZATIONS ORGANIZED AS 501(C)(3) OR GOVERNMENTAL ORGANIZATIONS. ALL EXPENSES ARE FOR MAINTENANCE AND ADMINISTRATION OF THE BUILDING.
THE CORPORATION WAS ORGANIZED TO OPERATE AN OFFICE BUILDING EXCLUSIVELY FOR THE BENEFIT OF THE TENANTS OF THE BUILDING, OF WHICH SHALL BE ORGANIZATIONS ORGANIZED AS 501(C)(3) OR GOVERNMENTAL ORGANIZATIONS. ALL EXPENSES ARE FOR MAINTENANCE AND ADMINISTRATION OF THE BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Harrington Pres/treas/ceo | 40 | $186,100 | |
Terry Ethridge Secretary | 40 | $60,695 | |
Ej Pederson Vice President | 0 | $0 | |
Stephen Huffman Chairman | 0 | $0 | |
Steve Leblanc Director | 0 | $0 | |
Sr Lewis Jr At Large Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,380 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,028,655 |
| Total Revenue | $2,031,035 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $246,795 |
| Pension plans, employee benefits | $168,487 |
| Depreciation | $595,339 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $2,478,821 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,478,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,822 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $106,154 |
| Other liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nelda C And H J Lutcher Stark Foundation Orange, TX | $0 | $13,068,953 |
The Lanier Theological Library Foundation Houston, TX | $165,460,506 | $161,744,141 |
Kemper And Leila Williams Foundation New Orleans, LA | $0 | $33,926,761 |
Tom T East Sr & Alice K East & Alice H East & Robert C East Wildl San Antonio, TX | $502,937,323 | $12,880,402 |
The Caldwell Foundation Tyler, TX | $113,613,733 | $12,178,826 |
Jones Trust Springdale, AR | $87,208,961 | $7,926,357 |
Whole Kids Foundation Austin, TX | $20,924,486 | $5,788,036 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Hope Center Foundation Plano, TX | $50,591,609 | $3,157,864 |
Brian D Patterson Usa - International Foundation Burkburnett, TX | $91,124 | $1,600,664 |
Shearn Moody Plaza Corporation Galveston, TX | $0 | $2,031,035 |
Dhr Health Institute For Research & Development Edinburg, TX | $765,777 | $2,008,327 |