Robert & Janice Mcnair Foundation
- Assets
- $324.3m
- Revenue
- $14.8m
- Investments
- $318.1m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/1989
- Data as of
- 12/2021
- 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 12/2021, Robert & Janice Mcnair Foundation generated $14.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $15.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robert & Janice Mcnair Foundation has awarded 634 individual grants totaling $143,181,263. 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
PAIN MANAGEMENT & ADDICTION PREVENTION SYMPOSIUM WAS HELD ON JUNE 7-8, 2018 WITH APPROXIMATELY 35 ATTENDEES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi S Cooper Executive Director | 40 | $245,143 | |
Palmetto Trust Company Llc Trustee | 1 | $0 | |
Janice S Mcnair Chair | 1 | $0 | |
Holly Alvis Vice Chair | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Snyder Capital Management Lp | 12/30/21 | $462,416 |
The Reverend Dave Peterson | 12/30/21 | $120,000 |
Fayez Sarofim & Co | 12/30/21 | $268,560 |
Dr Charles Neblett | 12/30/21 | $202,500 |
Snyder Capital Management Lp | 12/30/21 | $0 |
Fayez Sarofim Co | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $3,246 |
| Dividends & Interest | $3,498,327 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,279,072 |
| Capital Gain Net Income | $10,279,072 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,684 |
| Total Revenue | $14,782,329 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $245,143 |
| Other employee salaries and wages | $5,247 |
| Pension plans, employee benefits | $31,795 |
| Interest | $0 |
| Taxes | $239,689 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $884 |
| Printing and publications | $0 |
| Other expenses | $21,135 |
| Total operating and administrative expenses | $1,802,097 |
| Contributions, gifts, grants paid | $13,861,140 |
| Total expenses and disbursements | $15,663,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,967,518 |
| Net Accounts receivable | $2,259 |
| 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 | $254,862 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,750 |
| Total assets | $324,334,120 |
| Accounts payable and accrued expenses | $284,806 |
| 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 | $284,806 |
Grants Awarded
Over the last fiscal year, Robert & Janice Mcnair Foundation has awarded $17,835,915 in support to 102 organizations.
| Grant Recipient | Amount |
|---|---|
BCM - DR CHRIS VERRICO PURPOSE: COMMITMENT TOWARD MEDICAL RESEARCH PROJECT RELATED TO TREATMENTS FOR REDUCING PAIN AND OPIOID USE. | $1,701,700 |
USC EDUCATIONAL FOUNDATION - MCNAIR SCHOLARSHIP PURPOSE: SUPPORT TOWARD THE MCNAIR SCHOLARSHIP FUND. | $1,191,000 |
Houston, TX PURPOSE: FIFTH INSTALLMENT TOWARD THE CAMPAIGN FOR THE MFAH CAMPUS. | $1,000,000 |
USC EDUCATIONAL FOUNDATION - COLUMBIA ATHLETICS PURPOSE: CONTRIBUTION TOWARD THE FOOTBALL FACILITIES ENHANCEMENT FUND. | $1,000,000 |
Houston, TX PURPOSE: SUPPORT TOWARD MORRIS FAMILY CENTER FOR LAW & LIBERTY. | $800,000 |
BCM - DR XIANG ZHANG PURPOSE: COMMITMENT TOWARD MEDICAL RESEARCH PROJECT RELATED TO TARGETING A BIOELECTRIC SWITCH ON MITOCHONDRIAL MEMBRANES TO ELIMINATE DORMANT CANCER CELLS. | $750,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
Perot Foundation Dallas, TX | $46,575,873 | $1,622,633 |
The Charles Butt Foundation San Antonio, TX | $7,229,103 | $6,060,986 |