Marrs McLean Trust

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For purposes of form 990, "the organization" will refer to frost bank, the institutional trustee of this charitable Trust. Frost bank carries out the intent and directions provided in the governing document of the Trust. The settlor of this Trust directed that the endowment fund be organized and operated to support three named publicly supported sec 501(c)(3) organizations. The net income from the investments is distributed in fixed percentages to or for the benefit of the named organizations. The Marrs McLean Trust is an endowment fund created under the will of verna hooks McLean.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-6342783) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$28K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $386K a year · 38% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
91% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$28K
to officers and key staff · 4% of spending
Pay to officers and key staff is 4% of spending.
Part VII, Section A
5.3 mo
of spending, in cash
Plus $8.5M in investments, Pt X · Ln 11–13
5.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Revenue
$669K
+84% vs prior year
Spent
$687K
To programs
91%
Net assets
$12.4M
By yearFY2021–FY2025
Revenue
$669K
FY2025▲ +84%
Tap a bar for its year
Revenue by fiscal year
FY2021$801K
FY2022$1.3M
FY2023$2.0M
FY2024$363K
FY2025$669K
Expenses
$687K
FY2025-0.5%
Tap a bar for its year
Expenses by fiscal year
FY2021$347K
FY2022$643K
FY2023$838K
FY2024$691K
FY2025$687K
Net assets
$12.4M
FY2025-0.1%
Tap a bar for its year
Net assets by fiscal year
FY2021$10.9M
FY2022$11.6M
FY2023$12.7M
FY2024$12.4M
FY2025$12.4M

From the FY2025 Form 990 (year ending April 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $624K Management & general 9% · $64K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990; $28K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Trustee
$28,449Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Frost Bank$28,449$26,404$171,812$19,533$13,449

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Marrs McLean Trust executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Distributes investment income to three named charities as directed by the trust.

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3 programs · $624K · in their own filed words · FY2024
01

Provide Support to

Baylor college of medicine houston, texas

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-6342783) · Dispute this line
$208Kprogram expense
02

Provide Support to

Baylor university waco, texas

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-6342783) · Dispute this line
$208Kprogram expense
03

Provide Support to

Trinity university san antonio, texas

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-6342783) · Dispute this line
$208Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 15 grants · $2.7M · 2020–2024
Baylor College of MedicineTX · FY2024$207,881
Baylor UniversityTX · FY2024$207,881
Trinity UniversityTX · FY2024$207,871
Baylor College of MedicineTX · FY2023$210,515
Baylor UniversityTX · FY2023$210,515
Trinity UniversityTX · FY2023$210,493
Baylor College of MedicineTX · FY2022$204,368
Baylor UniversityTX · FY2022$204,368
Trinity UniversityTX · FY2022$204,348
Baylor College of MedicineTX · FY2021$192,361
Baylor UniversityTX · FY2021$192,361
Trinity UniversityTX · FY2021$192,341
Baylor College of MedicineTX · FY2020$99,655
Baylor UniversityTX · FY2020$99,655
Trinity UniversityTX · FY2020$99,645

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$669K
Ln 12
Other incomeLn 4–11$368K
Investment incomeLn 3$301K
Money outPt IX
$687K
Ln 25
Programscol B$624K
Managementcol C$64K
Owns and owesPt X
$12.4M
net assets · Ln 32
Cash and savingsLn 1–2$304K
Total assetsLn 16$12.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$301K
Other incomeLn 4–11$368K
Gains on assetsLn 7$194K
Total revenueLn 12$669K
Assets in detailPt X, end of year
SavingsLn 2$304K
Cash and savings togetherLn 1–2$304K
Land, buildings, equipmentLn 10c$1.9M
InvestmentsLn 11–13$8.5M
Other assetsLn 15$1.7M
Total assetsLn 16$12.4M
LiabilitiesLn 26$0
Net assetsLn 32$12.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$12.4M$12.4M$12.7M$11.6M$10.9M
SpentLn 1d–1f$687K$691K$838K$643K$347K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$98K$304K
InvestmentsLn 11–13$8.7M$8.5M
Land, buildings, equipmentLn 10c$1.9M$1.9M
Total assetsLn 16$12.4M$12.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$12.4M$12.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$624K$624K
Pay of officers and key staff (Part IX, line 5)Ln 5$28K$28K
Accounting feesLn 11c$4K$4K
Other expenses (24a–d)Ln 24$31K$31K
Total functional expensesLn 25$687K$624K$64K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Sep 12, 2025 $669K$687K−$19K$12.4M 990 PDF
FY2024Filed with the IRS Aug 13, 2024 $363K$691K−$328K$12.4M 990 PDF
FY2023Filed with the IRS Aug 7, 2023 $2.0M$838K$1.1M$12.7M 990 PDF
FY2022Filed with the IRS Sep 6, 2022 $1.3M$643K$687K$11.6M 990 PDF
FY2021Filed with the IRS Jan 13, 2022 $801K$347K$454K$10.9M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $668,743 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $179,474$494,898
I-11 Other revenuePrior year $183,444$173,845
I-12 Total revenuePrior year $362,918$668,743
I-13 Grants and similar amounts paidPrior year $631,523$623,633
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $26,404$28,449
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $32,584$35,176
I-18 Total expensesPrior year $690,511$687,258
I-19 Revenue less expensesPrior year −$327,593−$18,515
Part VI · Governance 1 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $668,743 across 5 lines filed
VIII-3 Investment incomeExcluded from tax $300,806$300,806
VIII-5 RoyaltiesExcluded from tax $136,345$136,345
VIII-7 Net gain or loss on sales of assetsExcluded from tax $194,092$194,092
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $37,500$37,500
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $668,743$668,743
Part IX · Statement of functional expenses $687,258 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $623,633$623,633
IX-5 Pay of officers and key staff (Part IX, line 5)Management $28,449$28,449
IX-11c Accounting feesManagement $4,495$4,495
IX-24 Other expenses (24a–d)Management $30,681$30,681
IX-25 Total functional expensesPrograms $623,633 · Management $63,625 · Fundraising $0$687,258
Part X · Balance sheet $12,377,178 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $97,739$304,399
X-10c Land, buildings and equipment, netStart of year $1,867,064$1,867,064
X-11 Publicly traded securitiesStart of year $8,694,378$8,469,203
X-15 Other assetsStart of year $1,736,512$1,736,512
X-16 Total assetsStart of year $12,395,693$12,377,178
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $12,395,693$12,377,178
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $0$0
X-32 Total net assets or fund balancesStart of year $12,395,693$12,377,178
X-33 Total liabilities and net assetsStart of year $12,395,693$12,377,178
Part XI · Reconciliation of net assets $12,377,178 net assets at year end
XI-1 Total revenue$668,743
XI-2 Total expenses$687,258
XI-3 Revenue less expenses−$18,515
XI-4 Net assets at start of year$12,395,693
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,377,178

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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