The Menninger Clinic Foundation
- Assets
- $66.0m
- Revenue
- $5.3m
- Investments
- $60.6m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/2003
- Data as of
- 12/2023
- EIN
- 81-0588012
Organization Overview
The Menninger Clinic Foundation is located in Houston, TX. The organization was established in 2003. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Menninger Clinic 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, Menninger Clinic Foundation generated $5.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $11.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Menninger Clinic Foundation has awarded 14 individual grants totaling $47,598,158. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO PROVIDE GRANTS TO PROMOTE MEDICAL SCIENCE THROUGH RESEARCH IN THE FIELD OF PSYCHIATRY AND ITS RELATED DISCIPLINES; TO PROVIDE FOR THE INSTRUCTION OF PHYSICIANS, NURSES, THERAPISTS, AND EDUCATORS IN A BROAD AND INTENSIVE UNDERSTANDING OF THE HUMAN PERSONALITY; AND TO PROVIDE DIAGNOSIS, TREATMENT, AND CARE OF PATIENTS, INCLUDING THOSE WHOSE FUNDS MAY NOT BE ADEQUATE FOR SUCH TREATMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES GRANTS TO PROMOTE MEDICAL SCIENCE THROUGH RESEARCH IN THE FIELD OF PSYCHIATRY AND ITS RELATED DISCIPLINES; TO PROVIDE FOR THE INSTRUCTION OF PHYSICIANS, NURSES, THERAPISTS, AND EDUCATORS IN A BROAD AND INTENSIVE UNDERSTANDING OF THE HUMAN PERSONALITY; AND TO PROVIDE DIAGNOSIS, TREATMENT, AND CARE OF PATIENTS, INCLUDING THOSE WHOSE FUNDS MAY NOT BE ADEQUATE FOR SUCH TREATMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Adkins Director | Trustee | 2 | $0 |
Elise N Banks-Lovely Director | Trustee | 2 | $0 |
Nancy J Corbet Director | Trustee | 2 | $0 |
Milby Dow Dunn II Director | Trustee | 2 | $0 |
Anette T Edens Director | Trustee | 2 | $0 |
Elaine W Finger Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,535,962 |
| Noncash contributions included in lines 1a–1f | $14,941 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,535,962 |
| Total Program Service Revenue | $0 |
| Investment income | $2,207,809 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,413,776 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,329,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,904,522 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $212,959 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $227 |
| Total functional expenses | $11,600,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $792,485 |
| Savings and temporary cash investments | $2,220,791 |
| Pledges and grants receivable | $34,176 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $60,644,161 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,260,793 |
| Total assets | $65,952,406 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,409,214 |
| Total liabilities | $1,409,214 |
| Net assets without donor restrictions | $17,134,309 |
| Net assets with donor restrictions | $47,408,883 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $65,952,406 |
Grants Awarded
Over the last fiscal year, The Menninger Clinic Foundation has awarded $10,078,709 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BAYLOR COLLEGE OF MED PURPOSE: Research & education | $66,667 |
THE MENNINGER CLINIC PURPOSE: Treatment, research, and education | $10,012,042 |