Graeme Mcdaniel Foundation
- Assets
- $218.9k
- Revenue
- $489.5k
- Investments
- $100.0k
- Employees
- 0
- Location
- Katy, TX
- Founding
- Data as of
- 06/2024
- EIN
- 87-2237264
Organization Overview
Graeme Mcdaniel Foundation is located in Katy, TX. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Graeme Mcdaniel 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 06/2024, Graeme Mcdaniel Foundation generated $489.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 42.3% each year . All expenses for the organization totaled $415.9k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE GRAEME MCDANIEL FOUNDATION IS DEDICATED TO FUNDING CONGENITAL HEART DEFECT RESEARCH AND SUPPORTING HEART FAMILIES IN A CHARITABLE CAPACITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISED OVER $550,000 IN FUNDS THAT PROVIDED GRANTS FOR CONGENITAL HEART DEFECT RESEARCH TO HOSPITALS AND SUPPORT FOR FAMILIES AFFECTED BY CHILDREN WITH CONGENTITAL HEART DEFECTS. FUNDS OF OVER $400,000 WERE GRANTED TO LOCAL HOSPITALS TO FUND RESEARCH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Mcdaniel President & CEO | OfficerTrustee | 30 | $0 |
Robby Mcdaniel Chairman Of The Board | OfficerTrustee | 3 | $0 |
Josh Verbout Board Member | Trustee | 1 | $0 |
Sammy Mcdaniel Board Member | Trustee | 1 | $0 |
Jerry Verbout Board Member | Trustee | 1 | $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 | $74,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $415,479 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $489,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $401,999 |
| 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 | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,952 |
| 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 | $321 |
| All other expenses | $2,421 |
| Total functional expenses | $415,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,914 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $100,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $218,914 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $218,914 |
| Total liabilities and net assets/fund balances | $218,914 |
Grants Awarded
Over the last fiscal year, Graeme Mcdaniel Foundation has awarded $399,999 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS CHILDREN'S HOSPITAL PURPOSE: MEDICAL RESEARCH | $150,000 |
UT HEALTH SCIENCE CENTER AT HOUSTON PURPOSE: MEDICAL RESEARCH | $100,000 |
DUKE UNIVERSITY PURPOSE: MEDICAL RESEARCH | $99,999 |
UNIVERSITY HOSPITALS CLEVELAND MEDICAL CENTER PURPOSE: MEDICAL RESEARCH | $50,000 |