Michael And Rebecca Cemo Foundation
- Assets
- $7.8m
- Revenue
- $269.1k
- Investments
- $7.7m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 76-0537009
Organization Overview
Michael And Rebecca Cemo Foundation is located in Houston, TX. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Michael And Rebecca Cemo 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, Michael And Rebecca Cemo Foundation generated $269.1k 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 (13.2%) each year. All expenses for the organization totaled $521.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Michael And Rebecca Cemo Foundation has awarded 66 individual grants totaling $3,435,895. 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 |
|---|---|---|---|
Rebecca A Cemo Pres/treas/director | 1 | $0 | |
Stephanie C Cemo Director | 0.25 | $0 | |
Jason M Cemo Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $104,875 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,140 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $145,105 |
| Capital Gain Net Income | $145,105 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $269,120 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,453 |
| Total operating and administrative expenses | $42,328 |
| Contributions, gifts, grants paid | $479,000 |
| Total expenses and disbursements | $521,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,503 |
| 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 | $958,567 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,765,644 |
| 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, Michael And Rebecca Cemo Foundation has awarded $479,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSTON METHODIST HOSPITAL FOUNDATION PURPOSE: GENERAL OPERATING EXPENSES | $50,000 |
HOUSTON FOOD BANK PURPOSE: GENERAL OPERATING EXPENSES | $20,000 |
HOUSTON PUBLIC MEDIA PURPOSE: GENERAL OPERATING EXPENSES | $40,000 |
HOUSTON SPCA PURPOSE: GENERAL OPERATING EXPENSES | $79,000 |
MICHAEL J FOX FOUNDATION PURPOSE: GENERAL OPERATING EXPENSES | $20,000 |
UNIVERSITY OF HOUSTON PURPOSE: CEMO HALL SUPPORT | $220,000 |