Ed T Malloy Foundation
- Assets
- $9.9m
- Revenue
- $511.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Orange, TX
- Founding
- 12/1983
- Data as of
- 09/2023
- 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 09/2023, 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 09/2023, Ed T Malloy Foundation generated $511.7k 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 (12.6%) each year. All expenses for the organization totaled $537.1k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Ed T Malloy Foundation has awarded 38 individual grants totaling $2,455,469. 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
2023
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 DESIGNATED CHARITIES AND OTHER NON-PROFIT ORGANIZATIONS
SCHOLARSHIPS TO UNIVERSITY AND COLLEGE STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clyde Mckee III Chairman | Trustee | 0 | $1,590 |
Helen Hoyt President | OfficerTrustee | 1 | $5,390 |
Susan Fairbairn VP Investments | Officer | 2 | $7,390 |
Brooke Lemley VP Grants | OfficerTrustee | 1 | $5,390 |
O Steven Jones Past VP | Trustee | 0 | $0 |
John Kennedy III Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $197,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $313,747 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $511,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $448,611 |
| 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 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 | $42,585 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $998 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,333 |
| 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 | $537,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$4,436 |
| Savings and temporary cash investments | $307,261 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $194,752 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,384,279 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,881,856 |
| Accounts payable and accrued expenses | $9,251 |
| 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 | $9,251 |
| Net assets without donor restrictions | $9,872,605 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,881,856 |
Grants Awarded
Over the last fiscal year, Ed T Malloy Foundation has awarded $448,611 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARY'S CATHOLIC CHURCK PURPOSE: Designated charity | $118,704 |
RED CROSS - ORANGE PURPOSE: Designated charity | $171,203 |
FUMC - ORANGE PURPOSE: Designated charity | $118,704 |
SAMARITAN COUNSELING SE TX ORANGE PURPOSE: Charitable support | $8,000 |
BIRTHRIGHT OF ORANGE PURPOSE: Charitable support | $8,000 |
THE SALVATION ARMY PURPOSE: Charitable support | $8,000 |