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← MUELLER FOUNDATION

Form 990 for tax year 2023

Filed by MUELLER FOUNDATION.

Totals

Total revenue
$688,264
Total expenses
$1,839,511
Contributions and grants received
$0
Grants paid
$2,010
Program service revenue
$609,726
Investment income
$78,538
Other revenue
$0
Total assets, end of year
$50,410,817
Total liabilities, end of year
$44,946
Net assets or fund balances, end of year
$50,365,871
Program services expenses (Part IX)
$1,649,153
Management and general expenses
$190,358
Fundraising expenses
$0
Program service expenses (Part III)
$1,649,153

Program services were 89.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: COMMUNITY ASSESSMENT F

    total $547,776 · related or exempt $547,776

  • 2b · Program service revenue: STEWARDSHIP AND OTHER

    total $59,650 · related or exempt $59,650

  • 2c · Program service revenue: CONSULTING REVENUE

    total $2,300 · related or exempt $2,300

  • 3 · Investment income

    total $136,822 · excluded $136,822

  • 7a · Gross sales of assets other than inventory

    securities $900,444

  • 7b · Less cost or other basis and sales expenses

    securities $958,728

  • 7c · Gain or loss

    securities -$58,284

  • 7d · Net gain or loss

    total -$58,284 · excluded -$58,284

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,010 · program services $2,010

  • 5 · Compensation of officers, directors and key employees

    total $180,874 · program services $137,069 · management and general $43,805

  • 7 · Other salaries and wages

    total $87,356 · program services $43,678 · management and general $43,678

  • 9 · Other employee benefits

    total $12,613 · program services $6,307 · management and general $6,306

  • 10 · Payroll taxes

    total $19,754 · program services $13,157 · management and general $6,597

  • 11b · Fees: legal

    total $51,629 · program services $42,628 · management and general $9,001

  • 11c · Fees: accounting

    total $35,739 · management and general $35,739

  • 11f · Fees: investment management

    total $20,378 · management and general $20,378

  • 11g · Fees: other

    total $246,431 · program services $246,431

  • 13 · Office expenses

    total $7,291 · management and general $7,291

  • 14 · Information technology

    total $6,168 · management and general $6,168

  • 19 · Conferences, conventions and meetings

    total $1,311 · management and general $1,311

  • 23 · Insurance

    total $5,830 · program services $45 · management and general $5,785

  • 24a · Other expenses: AFFORDABLE HOUSING NET

    total $1,126,541 · program services $1,126,541

  • 24b · Other expenses: AFFORDABLE HOUSING SERV

    total $31,287 · program services $31,287

  • 24c · Other expenses: WEBSITE EXPENSES

    total $3,753 · management and general $3,753

  • 24d · Other expenses: EQUIPMENT RENTAL AND MA

    total $546 · management and general $546

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $943,758 · end of year $860,563

  • 4 · Accounts receivable

    beginning of year $27,696 · end of year $261,610

  • 7 · Other notes and loans receivable

    beginning of year $46,602,737 · end of year $45,362,535

  • 11 · Investments: publicly traded securities

    beginning of year $3,629,912 · end of year $3,926,109

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,390 · end of year $44,946

  • 27 · Net assets without donor restrictions

    beginning of year $51,164,713 · end of year $50,365,871

Mission and programs · 2023

Mission

TO PROVIDE A LONG-TERM MECHANISM FOR IMPLEMENTING, SUPPORTING, AND FUNDING THE PUBLIC PURPOSES AND BENEFITS THAT DERIVE FROM THE COMMUNITY VISION AND GOALS ASSOCIATED WITH THE REDEVELOPMENT OF THE FORMER ROBERT MUELLER MUNICIPAL AIRPORT SITE IN AUSTIN, TEXAS.

Activities or mission (Part I)

GENERALLY, TO OPERATE EXCLUSIVELY FOR CHARITABLE, OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF 501(C)(3) OF THE IRC, BY PROMOTION AND INCREASING ONE OR MORE OF THE FOLLOWING IN THE GEORGRAPHICAL REGION OF AUSTIN, TEXAS KNOWN AS MUELLER AND OTHER GEOGRAPHIC AREAS CONTAINING A REASONABLE RELATIONSHIP TO THE MUELLER COMMUNITY: (I) THE AVAILABILITY OF QUALITY NEIGHBORHOOD SCHOOLS AND LIFELONG EDUCATION PROGRAMS, (II) THE CREATION OF OPEN SPACE AND PARKS, (III) THE AVAILABILITY OF JOB TRAINING PROGRAMS, (IV) THE PROMOTION OF SUSTAINABLE DEVELOPMENT, (V) THE SUPPORT OF AFFORDABLE HOUSING, AND (VI) SUCH OTHER CHARITABLE AND EDUCATIONAL PURPOSES AS ARE CONSISTENT WITH THE SPIRIT AND INTENT OF THE MUELLER DESIGN BOOK.

  • AS OF YEAR-END 2023, 641 HOMES ARE IN THE AFFORDABLE HOUSING PROGRAM. OF THOSE, 13 WERE "RESOLD" TO NEW AFFORDABLE OWNERS. 62 NEW HOMES WEREADDED TO THE PORTFOLIO IN 2023, AND FOUR (4) HOMES WERE RELEASED TO THE MARKET IN 2023. IN 2023, THE FOUNDATION SUCCESSFULLY TRANSITIONED ITS REAL ESTATE SERVICES (RESALES MANAGEMENT) TO HOMEBASE, A NONPROFIT SUPPORT CORPORATION OF HABITAT FOR HUMANITY. THIS WAS A MAJOR TRANSITION OF THE FOUNDATION'S PRIMARY OPERATING PARTNER AND REQUIRED MOST OF THE YEAR TO FULLY COMPLETE.

    Expenses $1,627,178 · Revenue $607,426

  • THE FOUNDATION CONTINUES ITS FULL FOCUS IN 2023 TO PREPARING FOR THE TRANSITION FROM "DEVELOPMENT" PHASE TO "SUSTAINABLE PHASE. DEVELOPMENT OF NEW HOMES HAS EXTENDED INTO 2025.IN ADDITION, THE FOUNDATION FOCUSED ON BUILDING STRONGER RELATIONSHIPS WITH THE VARIOUS PARTNERS, TO ENSURE SUSTAINABLE OPERATIONS AS THE DEVELOPMENT PHASE WINDS DOWN.

    Expenses $21,975 · Grants $2,010 · Revenue $2,300

As filed on the 2023 return.

Listed in Part VII

  • GREGORY J WEAVER

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JIM WALKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KERRY TATE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MATT WHELAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROBERT D REPASS

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • SUZANNA CABALLERO

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • LESLIE WINGO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • FRANCES FERGUSON

    EXECUTIVE DIRECTOR

    Total calculated
    $180,874
    From this org
    $172,761
    From related orgs
    $0
    Other
    $8,113
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,761
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,113
    Filer's total
    $180,874

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443209349319329

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