Robert & Janice Mcnair Foundation
- Assets
- $257.2m
- Revenue
- $30.5m
- Investments
- $251.2m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/1989
- Data as of
- 12/2022
- EIN
- 76-6050185
Organization Overview
Robert & Janice Mcnair Foundation is located in Houston, TX. The organization was established in 1989. 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. Robert & Janice Mcnair 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 12/2022, Robert & Janice Mcnair Foundation generated $30.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $13.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robert & Janice Mcnair Foundation has awarded 806 individual grants totaling $166,334,973. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAIN MANAGEMENT & ADDICTION PREVENTION SYMPOSIUM WAS HELD ON JUNE 7-8, 2018 WITH APPROXIMATELY 35 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Palmetto Trust Company Llc Trustee | 1 | $0 | |
Janice S Mcnair Chair | 1 | $0 | |
Holly Alvis Vice Chair | 1 | $0 | |
Kristi S Cooper Executive Director | 40 | $260,455 | |
Palmetto Trust Company Llc Trustee | 1 | $0 | |
Janice S Mcnair Chair | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Snyder Capital Management Lp | 12/30/22 | $438,800 |
Fayez Sarofim & Co | 12/30/22 | $363,439 |
Dr Charles Neblett | 12/30/22 | $294,750 |
Snyder Capital Management Lp | 12/30/22 | $0 |
Fayez Sarofim Co | 12/30/22 | $0 |
Dr Charles Neblett | 12/30/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,093,646 |
| Interest on Savings | $54,145 |
| Dividends & Interest | $3,761,763 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,622,825 |
| Capital Gain Net Income | $24,622,825 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,532,379 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $260,455 |
| Other employee salaries and wages | $34,716 |
| Pension plans, employee benefits | $36,734 |
| Interest | $0 |
| Taxes | $452,031 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,964 |
| Printing and publications | $0 |
| Other expenses | $38,213 |
| Total operating and administrative expenses | $2,081,253 |
| Contributions, gifts, grants paid | $11,576,855 |
| Total expenses and disbursements | $13,658,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,954,963 |
| Net Accounts receivable | $65,786 |
| 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 | $42,214 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $257,241,954 |
| Accounts payable and accrued expenses | $149,146 |
| 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 | $149,146 |
Grants Awarded
Over the last fiscal year, Robert & Janice Mcnair Foundation has awarded $23,153,710 in support to 172 organizations.
| Grant Recipient | Amount |
|---|---|
BCM - DR BARNA DUDOK PURPOSE: AS A DESIGNATED MCNAIR SCHOLAR AT BAYLOR COLLEGE OF MEDICINE, DR. BARNA DUDOK'S RESEARCH INTEREST IS FOCUSED ON BETTER UNDERSTANDING HOW GABAERGIC INHIBITORY INTERNEURONS SHAPE CIRCUIT DYNAMICS IN HEALTHY BRAINS AND IN EPILEPSY. HIS GOAL IS TO IDENTIFY OPTIMAL TARGETS FOR NEUROMODULATORY INTERVENTION AND DEVELOP CELL-TYPE-SPECIFIC STRATEGIES FOR INHIBITING EPILEPSY | $500,000 |
BCM - NEUROMODULATION (DR WAYNE GOODMAN) PURPOSE: ONGOING SUPPORT TOWARD THE NEUROMODULATION RESEARCH PROJECT LED BY DR. WAYNE GOODMAN. | $338,251 |
BCM - DR XIANG SHAWN ZHANG PURPOSE: DR. XIANG "SHAWN" ZHANG, A DESIGNATED MCNAIR SCHOLAR AT BAYLOR COLLEGE OF MEDICINE, CONDUCTS RESEARCH WITH FOCUSES ON TWO GENERAL AREAS: BREAST CANCER BONE METASTASIS AND TUMOR IMMUNOLOGY. THE LONG-TERM GOAL IS TO ELUCIDATE BIOLOGICAL MECHANISMS AND THERAPEUTIC STRATEGIES OF METASTASIS, THE MAJOR THREAT TO THE LIVES OF SOLID CANCER PATIENTS. | $250,000 |
BCM - IMMUNOENDO PURPOSE: PILOT PROJECT FOR MCNAIR MD/PH.D. SCHOLARS IN IMMUNO/ENDO (FY23-H.CHAN,L.ZHANG). | $40,842 |
BCM - DR SAMEER ANIL SHETH PURPOSE: DR. SAMEER ANIL SHETH, A DESIGNATED MCNAIR SCHOLAR AT BAYLOR COLLEGE OF MEDICINE, IS PURSUING WIRELESS MAGNETOELECTRIC STIMULATION FOR MENTAL AND COGNITIVE DISORDERS. | $21,914 |
BCM - DR MOHIT KHERA PURPOSE: SUPPORT TOWARD DR. MOHIT KHERA'S UROLOGY RESEARCH. | $100,000 |