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Marrs McLean Trust FY2021 filing

Tax-deductible

San Antonio, TX501(c)(3)EIN 74-6342783

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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.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$13K 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

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
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
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$13K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$801K
Spent
$347K
To programs
86%
Net assets
$10.9M
By yearFY2021–FY2025
Revenue
$801K
FY2021
Revenue by fiscal year
FY2021$801K
FY2022$1.3M
FY2023$2.0M
FY2024$363K
FY2025$669K
Expenses
$347K
FY2021
Expenses by fiscal year
FY2021$347K
FY2022$643K
FY2023$838K
FY2024$691K
FY2025$687K
Net assets
$10.9M
FY2021
Net assets by fiscal year
FY2021$10.9M
FY2022$11.6M
FY2023$12.7M
FY2024$12.4M
FY2025$12.4M

From the FY2021 Form 990 (year ending April 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

86 cents of each dollar spent went to programs.

Program services 86% · $299K Management & general 14% · $48K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

1 person listed on the 990; $13K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Frost Bank
Trustee
$13,449Pt 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 →

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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.

Provided by the organization

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3 program services account for $299K of program spending, described in the organization's own filed words · FY2020.
01

Provide Support to

Baylor college of medicine houston, texas

$100Kprogram expense
02

Provide Support to

Baylor university waco, texas

$100Kprogram expense
03

Provide Support to

Trinity university san antonio, texas

$100Kprogram expense

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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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$801K
Ln 12
Investment incomeLn 3$591K
Other incomeLn 4–11$210K
Money outPt IX
$347K
Ln 25
Programscol B$299K
Managementcol C$48K
Owns and owesPt X
$10.9M
net assets · Ln 32
Cash and savingsLn 1–2$94K
Total assetsLn 16$10.9M
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$591K
Other incomeLn 4–11$210K
Gains on assetsLn 7$464K
Total revenueLn 12$801K
Assets in detailPt X, end of year
SavingsLn 2$94K
Cash and savings togetherLn 1–2$94K
InvestmentsLn 11–13$7.1M
Land, buildings, equipmentLn 10c$2.0M
Other assetsLn 15$1.7M
Total assetsLn 16$10.9M
LiabilitiesLn 26$0
Net assetsLn 32$10.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$250K$94K
InvestmentsLn 11–13$6.4M$7.1M
Land, buildings, equipmentLn 10c$2.0M$2.0M
Total assetsLn 16$10.4M$10.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$10.4M$10.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$299K$299K
Pay of current officers, directors and key staffLn 5$13K$13K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$4K$4K
Other expenses (24a–d)Ln 24$29K$29K
Total functional expensesLn 25$347K$299K$48K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $669K$687K−$19K$12.4M 990 PDF
FY2024 $363K$691K−$328K$12.4M 990 PDF
FY2023 $2.0M$838K$1.1M$12.7M 990 PDF
FY2022 $1.3M$643K$687K$11.6M 990 PDF
FY2021 Viewing $801K$347K$454K$10.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $800,945 across 5 lines filed
VIII-3 Investment incomeExcluded from tax $126,730$126,730
VIII-5 RoyaltiesExcluded from tax $151,674$151,674
VIII-7 Net gain or loss on sales of assetsExcluded from tax $464,042$464,042
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $58,499$58,499
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $800,945$800,945
Part IX · Statement of functional expenses $346,991 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $298,955$298,955
IX-5 Pay of current officers, directors and key staffManagement $13,449$13,449
IX-11b Legal feesManagement $1,162$1,162
IX-11c Accounting feesManagement $4,130$4,130
IX-24 Other expenses (24a–d)Management $29,295$29,295
IX-25 Total functional expensesPrograms $298,955 · Management $48,036 · Fundraising $0$346,991
Part X · Balance sheet $10,899,581 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $250,333$93,878
X-4 Accounts receivableStart of year $1,275$1,208
X-10c Land, buildings and equipment, netStart of year $2,014,710$2,014,710
X-11 Publicly traded securitiesStart of year $6,442,797$7,053,273
X-15 Other assetsStart of year $1,736,512$1,736,512
X-16 Total assetsStart of year $10,445,627$10,899,581
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $10,445,627$10,899,581
X-33 Total liabilities and net assetsStart of year $10,445,627$10,899,581
Part XI · Reconciliation of net assets $10,899,581 net assets at year end
XI-1 Total revenue$800,945
XI-2 Total expenses$346,991
XI-3 Revenue less expenses$453,954
XI-4 Net assets at start of year$10,445,627
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,899,581

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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