Paula Mischer Family Foundation
- Assets
- $3.4m
- Revenue
- -$55.0k
- Investments
- $2.5m
- Employees
- 0
- Location
- Houston, TX
- Founding
- Data as of
- 12/2023
- EIN
- 84-2207022
Organization Overview
Paula Mischer Family Foundation is located in Houston, TX. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Paula Mischer Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Mischer President & Director | 1 | $0 | |
Robert L Corson II Vice President | 0 | $0 | |
Walter Randall Corson Director | 0 | $0 | |
Candace Watson Director | 0 | $0 | |
Duncan Mischer Watson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $121,405 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$176,367 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$54,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,329 |
| Total operating and administrative expenses | $18,336 |
| Contributions, gifts, grants paid | $198,000 |
| Total expenses and disbursements | $216,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $937,576 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $7,183 |
| 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 | $1,152,397 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $19,724 |
| Total assets | $3,432,845 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,000 |
Grants Awarded
Over the last fiscal year, Paula Mischer Family Foundation has awarded $198,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SPRING BRANCH EDUCATION FOUNDATION PURPOSE: TO SUPPORT THE MEMORIAL DRIVE ELEMENTARY REBUILD FUND | $5,000 |
UT HEALTH HOUSTON PURPOSE: TO SUPPORT THE EDUCATION AND TRAINING IN NEUROLOGY FUND | $193,000 |