Nonprofit · EIN 76-6050185
ROBERT & JANICE MCNAIR FOUNDATION
Tax-exempt · HOUSTON, TX 77024
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $169,030,389 | $18,373,924 | $150,656,465 | $330,644,221 | $2,403,633 | $328,240,588 |
| December 31, 2023 | 990-PF | $17,020,766 | $15,558,235 | $1,462,531 | $293,960,260 | $66,079 | $293,894,181 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $4,969,107
- Interest
- $1,125,623
- Net gain from sales of assets
- $162,921,079
- Other income
- $14,580
Expenses
- Grants and similar amounts paid
- $13,813,073
- Compensation of officers, directors and key employees
- $237,282
- Salaries, compensation and benefits (total)
- $21,814
- Disbursements for charitable purposes
- $14,532,443
- Excise tax on investment income
- $2,328,365
Balance sheet and other
- Total assets, start of year
- $293,960,260
- Total assets, end of year
- $330,644,221
- Total liabilities, end of year
- $2,403,633
- Net assets, end of year
- $328,240,588
- Fair market value of assets
- $330,644,221
- Qualifying distributions
- $14,532,443
- Net investment income
- $169,031,311
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MEGHAN BLANTON 109 N Post Oak Lane, Houston, TX 77024 | President | 40 | $133,750 | $6,554 |
| KRISTI S COOPER 109 N Post Oak Lane, Houston, TX 77024 | EXECUTIVE DIRECTOR | 40 | $103,532 | $13,266 |
| Palmetto Trust Company LLC 109 N Post Oak Lane, Houston, TX 77024 | Trustee | 1 | $0 | $0 |
| Janice S McNair 109 N Post Oak Lane, Houston, TX 77024 | Chair | 1 | $0 | $0 |
| HOLLY ALVIS 109 N Post Oak Lane, Houston, TX 77024 | VICE CHAIR | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KRISTI S COOPER 109 N Post Oak Lane Ste 600, houston, TX 77024 | EXECUTIVE DIRECTOR | 40 | $271,176 | $37,131 |
| Palmetto Trust Company LLC 109 N Post Oak Lane Ste 600, houston, TX 77024 | Trustee | 1 | $0 | $0 |
| Janice S McNair 109 N Post Oak Lane Ste 600, Houston, TX 77024 | Chair | 1 | $0 | $0 |
| HOLLY ALVIS 109 N Post Oak Lane Ste 600, houston, TX 77024 | VICE CHAIR | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 109 N POST OAK LN STE 600, HOUSTON, TX 77024-7753
- In care of
- % THOMAS ROYCE
- Signed the 990-PF
- Thomas Royce, PTC Exec Vice Pres
- Phone
- (713) 336-7884
- Website
- www.mcnairfoundation.org
- Return prepared by
- Grant Thornton Advisors LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 76-6050185
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $330,644,221
- Income (IRS master file)
- $326,857,924
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $169,030,389 | $18,373,924 | $330,644,221 | IRS |
| 990-PF | December 2023 | $17,020,766 | $15,558,235 | $293,960,260 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 76-6050185).
Questions about ROBERT & JANICE MCNAIR FOUNDATION
- What is the EIN of ROBERT & JANICE MCNAIR FOUNDATION?
- The employer identification number (EIN) of ROBERT & JANICE MCNAIR FOUNDATION is 76-6050185.
- Is ROBERT & JANICE MCNAIR FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to ROBERT & JANICE MCNAIR FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ROBERT & JANICE MCNAIR FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ROBERT & JANICE MCNAIR FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ROBERT & JANICE MCNAIR FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of ROBERT & JANICE MCNAIR FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $133,750 (MEGHAN BLANTON, President).
- How much revenue does ROBERT & JANICE MCNAIR FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $169,030,389, expenses of $18,373,924 and total assets of $330,644,221 at year end.
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