Moody Endowment
- Assets
- $640.7m
- Revenue
- $30.4m
- Investments
- $32.2m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/1985
- Data as of
- 08/2023
- EIN
- 76-0152743
Organization Overview
Moody Endowment is located in Houston, TX. The organization was established in 1985. According to its NTEE Classification (B28) the organization is classified as: Special Education, 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. Moody Endowment 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 08/2023, Moody Endowment generated $30.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $4.5m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Moody Endowment has awarded 63 individual grants totaling $67,209,337. 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
SEE IRS FORM 990, PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MOODY ENDOWMENT PROVIDES AN ENDOWMENT AND MAKES GRANTS TO SUPPORT AND BENEFIT THE OPERATING AND INFRASTRUCTURE NEEDS OF THE TRANSITIONAL LEARNING CENTER AT GALVESTON AND THE CLASS OF PUBLIC CHARITIES HAVING SIMILAR CHARITABLE PURPOSES TO SUCH ORGANIZATION. SUCH PURPOSES INCLUDE CONDUCTING REHABILITATION PROGRAMS, PROVIDING TRANSITIONAL AND INDEPENDENT LIVING PROGRAMS, PROVIDING SOCIAL SERVICES AND CONDUCTING SOCIOLOGICAL STUDIES, PERFORMING RESEARCH TO PROMOTE THE RECOVERY AND RETURN TO ACTIVE LIVES OF INDIVIDUALS WHO HAVE SUFFERED HEAD INJURIES, PROVIDING TREATMENT TO PERSONS SUFFERING FROM NEUROLOGICAL DISORDERS AND CONDUCTING RESEARCH RELATED THERETO, CONDUCTING INFORMATIONAL PROGRAMS, GRANTS FOR MEDICAL ACTIVITIES AND CARRYING ON OTHER CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Jeff Eppinette Treasurer | Officer | 5 | $0 |
Ms Bridgette Newman Board Secretary | Officer | 1 | $0 |
Mr Stefan Stamoulis Dir.- President | OfficerTrustee | 1 | $0 |
Mrs Frances Moody Dahlberg Chairman | OfficerTrustee | 1 | $5,000 |
Mr Jack Moody Director | Trustee | 1 | $0 |
Mr Russell Moody Dir. - V. Chair | Trustee | 1 | $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 | $30,432,271 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,432,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,876,412 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,000 |
| Compensation of current officers, directors, key employees. | $5,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,730 |
| Fees for services: Accounting | $35,476 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,466,950 |
| Fees for services: Other | $8,127 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $25,931 |
| All other expenses | $0 |
| Total functional expenses | $4,453,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,594,783 |
| 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 | $24,597 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $604,920,394 |
| Investments—other securities | $32,152,250 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $640,692,024 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,586,644 |
| 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 | $1,586,644 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $639,105,380 |
| 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 | $640,692,024 |
Grants Awarded
Over the last fiscal year, Moody Endowment has awarded $2,876,412 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP ARANZUZU PURPOSE: Social services | $75,000 |
NEW YORK METROPOLITAN MUSEUM PURPOSE: Art education | $50,000 |
TEAM LUKE HOPE FOR MINDS PURPOSE: Social services | $50,000 |
TLC AT GALVESTON PURPOSE: Medical research / construction | $2,701,412 |