A Mad Idea Foundation
A Mad Idea Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $449K in total assets. In 2025, it awarded 2 grants totaling $40K.
A Mad Idea Foundation at a glance
In short: A Mad Idea Foundation gave $40K across 2 grants in 2025 (avg $20K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $40,000
- +14.3% vs 2024
- Grants made (2025)
- 2
- +100.0% vs 2024
- Average grant
- $20,000
- -42.9% vs 2024
- Median grant
- $20,000
- Total assets
- $448,593
- -8.1% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who A Mad Idea Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Rice University ($35K). Together the top 2 received $40K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 9 grants of 9 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How A Mad Idea Foundation gives
- Giving held roughly steady from 2022 to 2025 (+14%). Method
- In 2025 it paid out 156% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $25K (2019) to $100K (2021). In 2025 it made 2 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rice University Houston, TX | General Contribution | $35,000 |
| Main Street Theater Houston, TX | General Contribution | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $448,593 | $2,777 | $42,574 | $40,000 | 2 | $40,000 | — | $25,636 |
| 2024 | $488,390 | $4,266 | $37,574 | $35,000 | 1 | $35,000 | — | $25,639 |
| 2023 | $521,698 | $4,423 | $32,360 | $30,000 | 2 | $30,000 | — | $26,330 |
| 2022 | $549,635 | $2,987 | $37,250 | $35,000 | 1 | $35,000 | — | $29,325 |
| 2021 | $583,898 | $2,310 | $107,809 | $100,000 | 3 | $100,000 | — | $32,914 |
| 2020 | $689,397 | $418,302 | $27,326 | $25,000 | 1 | — | $413,726 | $20,244 |
| 2019 | $298,421 | $8,474 | $27,439 | $25,000 | 1 | — | $3,785 | $21,166 |
Under IRS private-foundation payout rules, A Mad Idea Foundation reported a distributable amount of $26K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
A Mad Idea Foundation is led by Byrd C. Walls, Director & President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Byrd C. Walls
Director & President
On filings since 2019
No compensation reported
Kathy Cire
Director
On filings since 2019
No compensation reported
Lon W. Williams
Director
On filings since 2019
No compensation reported
Former officers (1)
- Former: Carol K. Walls (2019–2022) — Director, Vice President, Secretary & Treasurer
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about A Mad Idea Foundation
How much does A Mad Idea Foundation give each year?
A Mad Idea Foundation gave $40K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $35K across 1 grant.
How large is A Mad Idea Foundation?
A Mad Idea Foundation reported $449K in total assets on its 2025 IRS Form 990-PF. It paid out $40K in qualifying distributions that year, against a required minimum of $26K (roughly 5% of its investment assets).
Where does A Mad Idea Foundation operate?
A Mad Idea Foundation has awarded grants in Alabama, Georgia, Texas.
What is A Mad Idea Foundation's EIN?
A Mad Idea Foundation's EIN (Employer Identification Number) is 20-0402748. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 30, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 26, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work A Mad Idea Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in A Mad Idea Foundation's focus areas in our free grants database
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