Max Finney Foundation Inc
- Assets
- $790.4k
- Revenue
- $137.5k
- Investments
- $626.0k
- Employees
- 0
- Location
- Spring, TX
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 83-1278261
Organization Overview
Max Finney Foundation Inc is located in Spring, TX. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Max Finney Foundation Inc 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, Max Finney Foundation Inc generated $137.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.6%) each year. All expenses for the organization totaled $78.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Max Finney Foundation Inc has awarded 26 individual grants totaling $148,329. 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
LAX TO THE MAX HELD 5-24-22 LACROSSE TOURNAMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy P Finney Director | 0 | $0 | |
Julie A Finney Director | 0 | $0 | |
Luke P Finney Director | 0 | $0 | |
Sean M Finney Director | 0 | $0 | |
Samuel F Finney Director | 0 | $0 | |
Kendra A Finney Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,433 |
| Interest on Savings | $0 |
| Dividends & Interest | $100,000 |
| 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 | $21,035 |
| Total Revenue | $137,468 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,414 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $417 |
| Total operating and administrative expenses | $16,391 |
| Contributions, gifts, grants paid | $62,218 |
| Total expenses and disbursements | $78,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,368 |
| 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 | $0 |
| Total assets | $790,368 |
| 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, Max Finney Foundation Inc has awarded $62,218 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FEDERICO MELENA PURPOSE: TUITION | $5,991 |
JOHN ROBERT VAIO PURPOSE: TUITION | $5,991 |
MARTIN MEIJA PURPOSE: TUITION | $9,210 |
FEDERICO CELIS PURPOSE: TUITION | $175 |
COLLIN DUFRENE PURPOSE: TUITION | $10,056 |
ATHAN REGITZ PURPOSE: TUITION | $12,052 |