Marvy Finger Family Foundation
- Assets
- $33.7m
- Revenue
- $13.9m
- Investments
- $26.0m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/2001
- Data as of
- 12/2021
- 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 12/2021, Marvy Finger Family Foundation generated $13.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 64.4% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 4 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 647 individual grants totaling $3,614,928. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM: PROVIDED SCHOLARSHIPS TO 164 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: $471,439ADMINISTRATIVE EXPENSES: $278,666_____________________________________________________TOTAL SCHOLARSHIP PROGRAM EXPENDITURES $750,105
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzette Lee Scholarship Staff | 40 | $53,349 | |
Walter Montesino Scholarship Staff | 40 | $52,981 | |
Marvy A Finger President | 4 | $0 | |
Elaine W Finger VP | 4 | $0 | |
Jill F Jewett VP | 4 | $0 | |
Ramona Reddell Asst Sec | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,162,714 |
| Interest on Savings | $0 |
| Dividends & Interest | $696,982 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,330 |
| Capital Gain Net Income | $22,330 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11 |
| Total Revenue | $13,882,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $222,079 |
| Pension plans, employee benefits | $27,582 |
| Interest | $0 |
| Taxes | $19,077 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,909 |
| Printing and publications | $2,807 |
| Other expenses | $30,403 |
| Total operating and administrative expenses | $428,546 |
| Contributions, gifts, grants paid | $831,939 |
| Total expenses and disbursements | $1,260,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,681,786 |
| Savings and temporary cash investments | $0 |
| 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 | $12,363 |
| Total assets | $33,730,788 |
| 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 $1,853,147 in support to 280 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSTON METHODIST HOSPITAL FDN PURPOSE: MEDICAL EDUCATION, TRAINING AND RESEARCH AT METHODIST HOSPITAL | $500,000 |
Houston, TX PURPOSE: PROVIDE FOOD FOR THE NEEDY IN THE HOUSTON COMMUNITY | $50,000 |
Houston, TX PURPOSE: ASSISTANCE WITH FORESTRY CONSERVATION OF MEMORIAL PARK | $35,000 |
Houston, TX PURPOSE: FUND AND CULTIVATE PROGRAMS THAT STRENGTHEN THE JEWISH COMMUNITY | $33,000 |
Houston, TX PURPOSE: FUND AND CULTIVATE PROGRAMS THAT STRENGTHEN THE JEWISH COMMUNITY | $33,000 |
UNIVERSITY OF ARIZONA FOUNDATION PURPOSE: ASSISTANCE FOR STUDENTS WITH LEARNING AND ATTENTION DISORDERS AT SALT CENTER | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |