J M Lykes Family Foundation
- Assets
- $1.9m
- Revenue
- $306.6k
- Investments
- $1.8m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/1993
- Data as of
- 12/2023
- EIN
- 76-0411686
Organization Overview
J M Lykes Family Foundation is located in Houston, TX. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. J M Lykes Family 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 12/2023, J M Lykes Family Foundation generated $306.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $371.9k during the year ending 12/2023. While expenses have increased by 11.7% per year over the past 9 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 2014, J M Lykes Family Foundation has awarded 156 individual grants totaling $965,538. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION HAS NO DIRECT CHARITABLE ACTIVITIES. EXPENDITURES ARE IN THE FORM OF DONATIONS TO EACH CHARITY OVER WHICH THE FOUNDATION HAS NO CONTROL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $132,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $121,614 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,615 |
| Capital Gain Net Income | $66,615 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$13,624 |
| Total Revenue | $306,605 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $221 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $111,535 |
| Total operating and administrative expenses | $141,942 |
| Contributions, gifts, grants paid | $230,000 |
| Total expenses and disbursements | $371,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,463 |
| Savings and temporary cash investments | $69,505 |
| 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 | $1,727,886 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,891,856 |
| 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, J M Lykes Family Foundation has awarded $230,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
GALVESTON BAY FOUNDATION PURPOSE: CHARITABLE | $10,000 |
ST JOHN'S EPISCOPAL CHURCH PURPOSE: CHARITABLE | $10,000 |
CAMP CHIPPEWA FOUNDATION PURPOSE: CHARITABLE | $10,000 |
THE BRYAN MUSEUM PURPOSE: CHARITABLE | $10,000 |
HERMANN PARK CONSERVANCY PURPOSE: CHARITABLE | $5,000 |
YELLOWSTONE FOREVER PURPOSE: CHARITABLE | $12,500 |