Mithoff Family Charitable Foundation
- Assets
- $882.9k
- Revenue
- $165.7k
- Investments
- $793.6k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/1985
- Data as of
- 12/2020
- EIN
- 76-0094136
Organization Overview
Mithoff Family Charitable Foundation is located in Houston, TX. The organization was established in 1985. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mithoff Family Charitable 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, Mithoff Family Charitable Foundation generated $165.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $167.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (20.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mithoff Family Charitable Foundation has awarded 49 individual grants totaling $215,267. 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 |
|---|---|---|---|
V Richard Viebig Jr Secretary | 0 | $0 | |
Caroline R Mithoff Director | 0 | $0 | |
Scott Perez Director | 0 | $0 | |
Michael K Mithoff Treasurer | 0 | $0 | |
Richard Warren Mithoff Jr Director | 0 | $0 | |
Virginia Mithoff President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,131 |
| Net Rental Income | $69 |
| Net Gain on Sale of Assets | $76,191 |
| Capital Gain Net Income | $76,191 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,298 |
| Total Revenue | $165,689 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $807 |
| Taxes | $908 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,751 |
| Total operating and administrative expenses | $32,915 |
| Contributions, gifts, grants paid | $134,560 |
| Total expenses and disbursements | $167,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,310 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $344,736 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $882,911 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mithoff Family Charitable Foundation has awarded $80,707 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
SEARCH PURPOSE: GENERAL FUND | $26,307 |
Austin, TX PURPOSE: GENERAL FUND | $10,000 |
Houston, TX PURPOSE: GENERAL FUND | $8,400 |
Austin, TX PURPOSE: GENERAL FUND | $5,000 |
Houston, TX PURPOSE: GENERAL FUND | $5,000 |
MUSEUM OF FINE ARTS HOUSTON PURPOSE: GENERAL FUND | $4,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Tiger Athletic Foundation Baton Rouge, LA | $492,455,521 | $67,955,012 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |