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Filing year 2024

THE MEMAS FOUNDATION

Midland, Texas·EIN 88-2321574·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$1.8M
Total assets
$2.9M
Total expenses
$483k
Reported officers
6

Reported officers (all unpaid)

No paid executives reported in 2024. THE MEMAS FOUNDATION reported 6 unpaid officers and board members on its 990-PF.

President
Secretary
Treasurer
Director
Director
Vice President

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$463k

Itemized grants

9

Median grant

$40k

RecipientLocationPurposeAmount
CITY OF COLEMANCOLEMAN, TXGENERAL OPERATIONS$136k
BOYS & GIRLS CLUB OF ABILENEABILENE, TXGENERAL OPERATIONS$100k
YOUNG LIFECOLORADO SPRINGS, COGENERAL OPERATIONS$75k
COLEMAN FIRE DEPARTMENTCOLEMAN, TXGENERAL OPERATIONS$50k
SANTA ANNA FIRE DEPARTMENTSANTA ANNA, TXGENERAL OPERATIONS$40k
BURKETT VOLUNTEER FIRE DEPARTMENTBURKETT, TXGENERAL OPERATIONS$30k
LAKE COLEMAN FIRE DEPARTMENTCOLEMAN, TXGENERAL OPERATIONS$30k
COPS & OUTLAWSCOLEMAN, TXGENERAL OPERATIONS$1k
COLEMAN BLUECAT BOOSTER CLUBCOLEMAN, TXGENERAL OPERATIONS$650
Compare this foundation's grantees

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Financial trend

Revenue and expenses over time

THE MEMAS FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$930k
$152k
2023
$1.8M
$483k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Texas

THE MEMAS FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Texas earns a median of $14,224.

25th percentile
$5k
Median
$14,224
75th percentile
$43k
90th percentile
$112k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 4,499 organizations across 4,499 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Texas
FAQ

Common questions about THE MEMAS FOUNDATION

What are THE MEMAS FOUNDATION's revenue and expenses?

In 2024, THE MEMAS FOUNDATION reported $1.8M in total revenue and $483k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.