15 And The Mahomies Foundation

The information for 15 And The Mahomies Foundation is as of the organization's most recent filing in December 2020. This organization is located in Austin, TX. It has been in existence for just 1 year, following its founding in 2019.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The 15 And The Mahomies Foundation's NTEE code is O99. The "O" tells us that the organization is classified along with Youth Development. The "99" tells us that the organization is a Youth Development N.E.C. The NTEE describes Youth Development N.E.C. as organizations that provide youth development services where the major purpose is unclear enough that a more specific code cannot be accurately assigned.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

The mission of the 15 And The Mahomies Foundation is to improve the lives of children by supporting initiatives that focus on health, wellness, communities in need of resources, and other charitable causes. It was established by NFL MVP, Kansas City Chiefs QB Patrick Mahomes in 2019.

Program Areas

The Foundation supports a range of initiatives focused on health, wellness, communities in need, and other charitable causes. Through this fund, the organization is able to provide resources to those in need and create positive social change.

Board Governance

The 15 And The Mahomies Foundation is well-governed, with 3 voting members and 3 independent members. Potential conflicts of interest do exist, and the organization has taken steps to address them, as evidenced by their conflict of interest policy and requirement for disclosure. While the organization has delegated management to an outside firm, board and committee meetings are documented, and copies of the 990 are provided to the board prior to filing. However, the organization does not have a written whistleblower policy, document retention policy, or a policy to substantiate and review leadership or officer salaries. These policies would help to ensure the organization is operating ethically and in the best interests of its stakeholders.

Grant History

Our dataset has two years of grant history for the 15 And The Mahomies Foundation. In that time, they have awarded a total of 41 grants, with an average check size of $19,227. All of the grants were awarded in the Youth Development sector. Additionally, the organization most frequently awards grants in the state of Missouri (27), Kansas (8), and Texas (5). They have also awarded one grant in the state of Ohio.

Organization Growth

The 15 And The Mahomies Foundation has grown significantly over the past year. Contributions and grants received increased from $108.9K to $1.1M, while total revenue increased from $574.5K to $1.3M. Grants paid increased from $22.5K to $906.6K, and total expenses increased from $121.7K to $1.1M. Interestingly, the number of volunteers remained the same over this time period.