Vandal And Winifred Mercer Texas A & M Educational Foundation
- Assets
- $2.0m
- Revenue
- $120.6k
- Investments
- $1.9m
- Employees
- 0
- Location
- Galveston, TX
- Founding
- 08/1995
- Data as of
- 12/2023
- EIN
- 76-0472391
Organization Overview
Vandal And Winifred Mercer Texas A & M Educational Foundation is located in Galveston, TX. The organization was established in 1995. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vandal And Winifred Mercer Texas A & M Educational 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, Vandal And Winifred Mercer Texas A & M Educational Foundation generated $120.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $191.9k during the year ending 12/2023. While expenses have increased by 8.5% per year over the past 6 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 2022, Vandal And Winifred Mercer Texas A & M Educational Foundation has awarded 85 individual grants totaling $212,500. 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
PROVIDES INTEREST-FREE LOANS TO NEEDY/WORTHY STUDENTS WHO ARE TEXAS RESIDENTS AND GRADUATES OF TEXAS HIGH SCHOOLS AND WHO ATTEND TEXAS A&M UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frost Bank Trustee | 4 | $44,258 | |
Melissa Hernandez Advisory Committee | 0 | $0 | |
Sarah Lefler Advisory Committee | 0 | $0 | |
John R Sullivan Advisory Committee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,743 |
| Dividends & Interest | $51,548 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,728 |
| Capital Gain Net Income | $60,728 |
| Net ST Capital Gain | $107 |
| Income Modifications | $75,819 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,546 |
| Total Revenue | $120,565 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $44,258 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,058 |
| Total operating and administrative expenses | $51,941 |
| Contributions, gifts, grants paid | $140,000 |
| Total expenses and disbursements | $191,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171 |
| Savings and temporary cash investments | $111,707 |
| Net Accounts receivable | $2,385 |
| 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 | $880 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,864,790 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4 |
| Total assets | $1,979,937 |
| 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, Vandal And Winifred Mercer Texas A & M Educational Foundation has awarded $140,000 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
ADRIANA RODRIGUEZ PURPOSE: EDUCATIONAL | $2,500 |
JAXSON BROWN PURPOSE: EDUCATIONAL | $2,500 |
COLLIN CARPENTER PURPOSE: EDUCATIONAL | $2,500 |
ALLISON MADDEN PURPOSE: EDUCATIONAL | $2,500 |
DYLAN EARL PURPOSE: EDUCATIONAL | $2,500 |
MORGAN GARIBALDI PURPOSE: EDUCATIONAL | $2,500 |