Michael S James Memorial
- Assets
- $52.9k
- Revenue
- $63.8k
- Investments
- $0.0
- Employees
- 0
- Location
- La Vernia, TX
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 81-2554160
Organization Overview
Michael S James Memorial is located in La Vernia, TX. The organization was established in 2016. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael S James Memorial 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, Michael S James Memorial generated $63.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $81.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Michael S James Memorial has awarded 36 individual grants totaling $194,096. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele James Member | 2 | $0 | |
Jimmy Pierdolla Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,000 |
| Interest on Savings | $32 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $57,817 |
| Total Revenue | $63,849 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,721 |
| Total operating and administrative expenses | $39,646 |
| Contributions, gifts, grants paid | $42,052 |
| Total expenses and disbursements | $81,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,875 |
| 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 | $0 |
| Total assets | $52,875 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,194 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,194 |
Grants Awarded
Over the last fiscal year, Michael S James Memorial has awarded $42,052 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER LV CHAMBER OF COMMERCE PURPOSE: ASSISTANCE TO EXHIBITORS | $33,900 |
LA VERNIA JR LIVESTOCK SHOW PURPOSE: SPONSORSHIPS | $4,430 |
LV AGS PURPOSE: SCHOLARSHIPS | $400 |
LA VERNIA ALUMNI ASSOC PURPOSE: SCHOLARSHIPS | $1,322 |
JAKE WIATREK MEMORIAL PURPOSE: SCHOLARSHIPS | $1,000 |
COLBY JAY KENT FOUNDATION PURPOSE: SCHOLARSHIPS | $1,000 |