Florence and William K Mcgee Jr Family Foundation
Only null% goes to programs Strong reserves Growing revenue
Florence and William K Mcgee Jr Family Foundation is a 501(c)(3) organization based in Houston, Texas, registered in 1999, with $6,460,534 in FY2024 revenue. CharityIndex grades it C+.
931 Old Lake Rd, Houston, TX, 77057 EIN 76-0585804 Since 1999
Revenue (FY2024)
$6.5M
▲ 149.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$1.9M
Net assets
$28.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Florence and William K Mcgee Jr Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating179 mo reserves · +71% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Florence and William K Mcgee Jr Family Foundation: 179 mo reserves · +71% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Florence and William K Mcgee Jr Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Florence and William K Mcgee Jr Family Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 931 Old Lake Rd, Houston, TX, 77057
- City
- Houston
- State
- Texas
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $201K (FY2015) to $6.5M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $19KNet assets $28.4M
Operating margin
70.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$28.4M
Total liabilities
$19K
Net assets
$28.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $6,460,534▲149% | $1,902,958▲5.1% | $28,391,505▲12.1% | $28,410,720▲12.2% | 990PF |
| 2023 | $2,592,401▲98.6% | $1,811,194▼1.4% | $25,324,004 | $25,324,009 | 990PF |
| 2022 | $1,305,079▼71.0% | $1,837,478▲11.1% | $25,314,287▼3.8% | $25,314,292▼3.9% | 990PF |
| 2021 | $4,507,036▲934% | $1,653,178▲10.0% | $26,320,434▲8.5% | $26,341,465▲8.6% | 990PF |
| 2020 | -$540,377▼139% | $1,503,513▲33.6% | $24,262,362▼7.8% | $24,262,367▼7.8% | 990PF |
| 2019 | $1,375,560▲1827% | $1,125,507▲694% | $26,306,252▲1690% | $26,318,699▲1691% | 990PF |
| 2017 | $71,394▼65.7% | $141,757▲2.3% | $1,469,518▼4.6% | $1,469,523▼4.8% | 990PF |
| 2016 | $207,984▲3.7% | $138,557▼14.4% | $1,539,881▲4.7% | $1,544,037▲5.0% | 990PF |
| 2015 | $200,561 | $161,788 | $1,470,454 | $1,470,459 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Florence and William K Mcgee Jr Family Foundation a legitimate nonprofit?
- Yes. Florence and William K Mcgee Jr Family Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 76-0585804, based in Houston, Texas. Donations are tax-deductible.
- What is Florence and William K Mcgee Jr Family Foundation's EIN?
- Florence and William K Mcgee Jr Family Foundation's Employer Identification Number (EIN) is 76-0585804.
- How much revenue does Florence and William K Mcgee Jr Family Foundation report?
- Florence and William K Mcgee Jr Family Foundation reported $6,460,534 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Florence and William K Mcgee Jr Family Foundation have?
- CharityIndex grades Florence and William K Mcgee Jr Family Foundation C+, based on financial health (reserves and operating margin).
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Data for Florence and William K Mcgee Jr Family Foundation (EIN 76-0585804) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.