Marvy Finger Family Foundation
- Assets
- $83.9m
- Revenue
- $32.1m
- Investments
- $52.4m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/2001
- Data as of
- 12/2023
- EIN
- 76-0625865
Organization Overview
Marvy Finger Family Foundation is located in Houston, TX. The organization was established in 2001. 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. Marvy Finger 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, Marvy Finger Family Foundation generated $32.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 44.2% each year . All expenses for the organization totaled $3.3m during the year ending 12/2023. While expenses have increased by 29.1% per year over the past 5 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 2020, Marvy Finger Family Foundation has awarded 1,406 individual grants totaling $15,193,539. 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
SCHOLARSHIP PROGRAM: PROVIDED SCHOLARSHIPS TO 236 LOW INCOME HISD GRADUATES TO PURSUE 2-YEAR CAREER AND TECHNICAL DEGREES OR CERTIFICATES FROM HOUSTON COMMUNITY COLLEGE, SAN JACINTO COLLEGE, LONE STAR COLLEGE OR TEXAS STATE TECHNICAL COLLEGE.SCHOLARSHIPS FUNDED: $678,940ADMINISTRATIVE EXPENSES: $504,901_____________________________________________________TOTAL SCHOLARSHIP PROGRAM EXPENDITURES $1,183,841
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine W Finger President | 40 | $100,000 | |
Jill F Jewett Secretary | 4 | $0 | |
Edward A Finger Vice President | 4 | $0 | |
Ramona Reddell Treasurer | 4 | $12,306 | |
Keisha Davis Scholarship Director | 40 | $131,754 | |
Suzette Lee Scholarship Staff | 40 | $78,281 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,010,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,718,921 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $353,407 |
| Capital Gain Net Income | $353,407 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,082,328 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $112,306 |
| Other employee salaries and wages | $279,162 |
| Pension plans, employee benefits | $65,466 |
| Interest | $0 |
| Taxes | $38,984 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,050 |
| Printing and publications | $0 |
| Other expenses | $51,307 |
| Total operating and administrative expenses | $689,875 |
| Contributions, gifts, grants paid | $2,628,940 |
| Total expenses and disbursements | $3,318,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,676 |
| Savings and temporary cash investments | $31,392,890 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $19,129 |
| Total assets | $83,888,542 |
| 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, Marvy Finger Family Foundation has awarded $5,427,149 in support to 408 organizations.
| Grant Recipient | Amount |
|---|---|
BAYLOR COLLEGE OF MEDICINE PURPOSE: IMPROVING HEALTHCARE THROUGH SCIENCE, SCHOLARSHIP AND INNOVATION | $75,000 |
BAYOU PRESERVATION ASSOCIATION PURPOSE: ASSISTANCE WITH PRESERVATION AND PROTECTION OF HOUSTON-AREA WATERWAYS | $10,000 |
COALITION FOR HOMELESS PURPOSE: ASSISTANCE TO THE HUNGRY, HOMELESS AND SUFFERING IN THE GREATER HOUSTON AREA | $25,000 |
GALVESTON BAY FOUNDATION PURPOSE: CONSERVATION, RESTORATION AND EDUCATION PROGRAMS AIMED AT GALVESTON BAY | $35,000 |
DA CAMERA OF HOUSTON PURPOSE: PROMOTION OF PERFORMING ARTS IN THE HOUSTON COMMUNITY | $50,000 |
CONNECT COMMUNITY PURPOSE: PROVIDE CHALLENGING SUMMER OPPORTUNITIES FOR MIDDLE SCHOOL STUDENTS | $10,000 |