Ed T Malloy Foundation
- Assets
- $11.7m
- Revenue
- $818.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Orange, TX
- Founding
- 12/1983
- Data as of
- 09/2021
- EIN
- 76-0078695
Organization Overview
Ed T Malloy Foundation is located in Orange, TX. The organization was established in 1983. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, Ed T Malloy Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ed T Malloy 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 09/2021, Ed T Malloy Foundation generated $818.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $507.9k during the year ending 09/2021. While expenses have increased by 2.4% per year over the past 7 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 2018, Ed T Malloy Foundation has awarded 24 individual grants totaling $1,557,543. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE DONATIONS TO DESIGNATED CHARITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO CHURCHES AND OTHER NON-PROFIT ORGANIZATIONS
SCHOLARSHIPS TO STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Lemley President | OfficerTrustee | 2 | $5,390 |
Scott Hoyt Treasurer | OfficerTrustee | 2 | $5,390 |
Steven Jones Director | Trustee | 0 | $5,390 |
Susan Fairbairn VP Investments | Officer | 4 | $2,000 |
Clyde Mckee III Director | Trustee | 0 | $1,090 |
Gilbert Mazzola Director | Trustee | 0 | $1,090 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $144,655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $674,220 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $818,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $14,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,591 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,619 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $507,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,893 |
| Savings and temporary cash investments | $910,205 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,986 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $10,780,084 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,695,168 |
| Accounts payable and accrued expenses | $3,375 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,375 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $11,691,793 |
Grants Awarded
Over the last fiscal year, Ed T Malloy Foundation has awarded $424,247 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARY'S CATHOLIC CHURCK PURPOSE: Designated Charity | $128,749 |
RED CROSS - ORANGE PURPOSE: Desisnated Charity | $128,749 |
FUMC - ORANGE PURPOSE: Designated charity | $128,749 |
Port Arthur, TX PURPOSE: Charitable support | $10,000 |
BIRTHRIGHT OF ORANGE PURPOSE: Charitable support | $10,000 |
THE SALVATION ARMY PURPOSE: Charitable support | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |