J E and L E Mabee Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
J E and L E Mabee Foundation Inc is a 501(c)(3) organization based in Midland, Texas, registered in 1949, with $100,286,010 in FY2024 revenue. CharityIndex grades it B.
6 Desta Drive, Midland, TX, 79705 EIN 73-6090162 Since 1949
Revenue (FY2024)
$100.3M
▼ 25.5% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$84.4M
Net assets
$798.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 J E and L E Mabee Foundation Inc— 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 rating114 mo reserves · +16% 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 J E and L E Mabee Foundation Inc: 114 mo reserves · +16% 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 J E and L E Mabee Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 J E and L E Mabee Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 6 Desta Drive, Midland, TX, 79705
- City
- Midland
- State
- Texas
- Subcategory
- Private Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $72.4M (FY2013) to $100.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $798.9M
Operating margin
15.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$798.9M
Total liabilities
$0
Net assets
$798.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $100,286,010▼25.5% | $84,361,721▼33.0% | $798,921,099▲2.0% | $798,921,099▲2.0% | 990PF |
| 2023 | $134,595,653▲1.6% | $125,926,311▲12.0% | $782,960,269▲1.1% | $782,960,269▲1.1% | 990PF |
| 2022 | $132,447,203▲1.8% | $112,398,195▲53.4% | $774,290,927▲2.7% | $774,290,927▲2.7% | 990PF |
| 2021 | $130,151,698▲96.6% | $73,263,317▲10.8% | $754,241,961▲8.2% | $754,241,961▲8.2% | 990PF |
| 2020 | $66,216,254▲7.7% | $66,142,165▲14.5% | $697,353,580 | $697,353,580 | 990PF |
| 2019 | $61,500,207▼14.4% | $57,769,693▲0.3% | $697,279,491▲0.5% | $697,279,491▲0.5% | 990PF |
| 2018 | $71,858,762▼55.0% | $57,607,918▲2.0% | $693,548,977▲2.1% | $694,146,622▲2.1% | 990PF |
| 2017 | $159,743,420▲134% | $56,479,752▲14.8% | $679,298,133▲17.9% | $679,611,641▲18.0% | 990PF |
| 2016 | $68,129,147▲58.4% | $49,208,709▼0.6% | $576,034,465▲3.3% | $576,034,465▲2.3% | 990PF |
| 2015 | $43,021,042▼22.8% | $49,491,166▲27.5% | $557,816,449▼1.1% | $562,916,306▼0.3% | 990PF |
| 2014 | $55,728,186▼23.1% | $38,808,156▼21.8% | $564,266,573▲3.1% | $564,378,308▲3.1% | 990PF |
| 2013 | $72,425,214 | $49,599,052▲20.5% | $547,346,543▲4.4% | $547,346,543▲4.3% | 990PF |
| 2012 | — | $41,168,586▲3.4% | $524,520,381▲1.8% | $524,600,441▲1.8% | 990PF |
| 2011 | — | $39,828,869▼9.0% | $515,127,762▲0.7% | $515,129,738▲0.7% | 990PF |
| 2010 | — | $43,756,620 | $511,540,041 | $511,594,228 | 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.
Leadership & compensation (FY2024)
Highest-paid: Goeke Michael J — $356,408 (0.42% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Goeke Michael J | Executive Director | 40 | $356,408 |
| Campbell R Danny | Trustee, Secretary, Treasurer | 10 | $40,000 |
| Daggett Greg | Trustee | 10 | $40,000 |
| Jones J Edward | Trustee | 10 | $40,000 |
| Mabee Guy | Trustee | 10 | $40,000 |
| Mabee John W | Chairman | 20 | $40,000 |
| Tullius Raymond L | Trustee, Vice Chairman | 20 | $40,000 |
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Frequently asked questions
- Is J E and L E Mabee Foundation Inc a legitimate nonprofit?
- Yes. J E and L E Mabee Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 73-6090162, based in Midland, Texas. Donations are tax-deductible.
- What is J E and L E Mabee Foundation Inc's EIN?
- J E and L E Mabee Foundation Inc's Employer Identification Number (EIN) is 73-6090162.
- How much revenue does J E and L E Mabee Foundation Inc report?
- J E and L E Mabee Foundation Inc reported $100,286,010 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does J E and L E Mabee Foundation Inc have?
- CharityIndex grades J E and L E Mabee Foundation Inc B, based on financial health (reserves and operating margin).
- How much does J E and L E Mabee Foundation Inc's highest-paid employee make?
- The highest reported compensation on J E and L E Mabee Foundation Inc's latest Form 990 is $356,408, paid to Goeke Michael J (Executive Director).
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Data for J E and L E Mabee Foundation Inc (EIN 73-6090162) 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.