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A Mad Idea Foundation is a private corporation based in HOUSTON, TX. The foundation received its IRS ruling in 2005. The principal officer is Byrd C Walls. It holds total assets of $488K. Annual income is reported at $4K. Total assets have grown from $353K in 2011 to $522K in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, A Mad Idea Foundation has made 7 grants totaling $190K, with a median grant of $25K. The foundation has distributed between $25K and $100K annually from 2020 to 2023. Grantmaking activity was highest in 2021 with $100K distributed across 3 grants. Individual grants have ranged from $5K to $45K, with an average award of $27K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in Texas and Georgia and Alabama. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
A Mad Idea Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in TX, GA, AL.
A Mad Idea Foundation has distributed a total of $190K across 7 grants. The median grant size is $25K, with an average of $27K. Individual grants have ranged from $5K to $45K.
A Mad Idea Foundation typically selects its grantees rather than accepting unsolicited proposals.
A Mad Idea Foundation is headquartered in HOUSTON, TX. While based in TX, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kathy Cire | DIRECTOR | $0 | $0 | N/A |
| Byrd C Walls | DIRECTOR/PRESIDENT | $0 | $0 | N/A |
| Carol K Walls | DIRECTOR/VP/SEC/TREA | $0 | $0 | N/A |
| Lon W Williams | DIRECTOR | $0 | $0 | N/A |
Total Giving
$32K
Total Assets
$522K
Fair Market Value
$532K
Net Worth
$522K
Grants Paid
$30K
Contributions
$2K
Net Investment Income
N/A
Distribution Amount
$26K
Total Grants
7
Total Giving
$190K
Average Grant
$27K
Median Grant
$25K
Unique Recipients
5
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Atlanta (Ga ) Chamber PlayersGeneral Contribution | Atlanta, GA | $25K | 2023 |
| Equal Justice Initiative In Montgomery AlGeneral Contribution | Montgomery, AL | $5K | 2023 |
| Kamukama FoundationGeneral Contribution | Austin, TX | $35K | 2022 |
| Brookwood CenterGeneral Contribution | Brookshire, TX | $45K | 2021 |
| The Menil CollectionGeneral Contribution | Houston, TX | $25K | 2021 |