FXM Foundation
FXM Foundation is a private foundation based in Houston, Texas. Its 2024 filing reports grants to charitable and religious recipients, including organizations in Texas and several other states.
FXM Foundation at a glance
In short: FXM Foundation gave $199K across 11 grants in 2024 (avg $18K), mostly in Texas. 27% of 2024 grantees were new. Source: 2024 IRS Form 990 filing.
- Annual giving (2024)
- $198,714
- +4.2% vs 2023
- Grants made (2024)
- 11
- +10.0% vs 2023
- Average grant
- $18,065
- -5.3% vs 2023
- Median grant
- $7,000
- Total assets
- $528,421
- -27.8% vs 2023
- New grantees (estimate)
- 27% first-time grantees (3 of 11, 2024; small sample)
- Primary geography
- Texas (75% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990 filing, 2024 View filing
Data from IRS Form 990 filing, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to FXM Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 8838 Croes Dr, Houston, TX 77055
Phone: (281) 759-6774
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who FXM Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Spanish Bible Fellowship ($100K). Together the top 10 received $198K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 29 grants of 32 (91%).
Geographic Focus
Where this funder awards grants
The 2024 filing reports that 75% of grant dollars went to recipients in Texas, 7% to Tennessee, 4% to Idaho, and 3% to Colorado. It lists a further 10% under “?” without identifying a state. The listed grants also include a $500 grant to Montanan Widerness in Bozeman, Montana.
Grant Distribution by State
Share of 2024 grant dollars across all 11 itemized grants.
Cities
Is FXM Foundation open to new grantees?
27%
first-time grantees, 2024
In 2024, 3 of 11 grantees (27%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. First grants averaged $5K; repeat grants $23K. How we count
Medians: $7K first-time, $7K repeat.
- 73% of 2024 grantees were also funded in 2023. Method
Estimate from itemized grant lists in IRS Form 990 filings (2022–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $170K (2022) to $199K (2024). In 2024 it made 11 grants totaling $199K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Spanish Bible Fellowship Sugarland, TX | Charitable | $99,560 |
| Centro Familiar Cristiano Sugarland, TX | Charitable | $31,000 |
| Bethel Echegaray | Religious | $20,254 |
| Crown Financial Min Knoxville, TN | Charitable | $8,000 |
| Mission Aviation Nampa, ID | Charitable | $7,800 |
| Grace Ministries Int Houston, TX | Charitable | $7,000 |
| Child Evangelism Fellow Warrenton, TN | Charitable | $6,600 |
| World Venture Englewood, CO | Charitable | $6,500 |
| Guillermo Villanueva Ministries McCALLEN, TX | Charitable | $6,000 |
| Global Fellowship Houston, TX | Charitable | $5,500 |
Ready to take the next step with FXM Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2024 | $528,421 | $4,164 | $207,622 | $198,714 | 11 |
| 2023 | $731,879 | $498,859 | $195,228 | $190,790 | 10 |
| 2022 | $428,248 | $51 | $171,804 | $169,780 | 11 |
| 2021 | $600,001 | — | — | — | — |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations described as charitable or religious. One recipient, Centro Familiar Cristiano Inc, says its mission is “to provide educational, athletic, guidance and other support to the under privileged.”
Grantmaking
In 2024, the foundation reported 11 grants totaling $198,714. Grant amounts ranged from $500 to $99,560, with a median grant of $7,000. The largest grants included $99,560 to Spanish Bible Fellowship and $31,000 to Centro Familiar Cristiano, both in Sugarland, Texas; $20,254 to Bethel Echegaray; $8,000 to Crown Financial Min; and $7,800 to Mission Aviation.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Francisco Javier Morales Carrillo as CEO; Gloria Angelica Mercado de Morales, Miriam Angelica Morales Mercado, and Ana Priscila Morales Mercado as directors; and Ruth Morales Mercado as CFO.
FXM Foundation is led by Francisco Javier Morales Carrillo, CEO on every filing since 2021; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Francisco Javier Morales Carrillo
CEO
On filings since 2021
4 hrs/week
No compensation reported
Ana Priscila Morales Mercado
Director
On filings since 2021
4 hrs/week
No compensation reported
Gloria Angelica Mercado de Morales
Director
On filings since 2021
4 hrs/week
No compensation reported
Miriam Angelica Morales Mercado
Director
On filings since 2021
4 hrs/week
No compensation reported
Ruth Morales Mercado
CFO
On filings since 2021
4 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 FXM Foundation
How much does FXM Foundation give each year?
FXM Foundation gave $199K across 11 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $191K across 10 grants.
What is FXM Foundation's typical grant size?
FXM Foundation's median grant in 2024 was $7,000, and its average grant was $18,065, across 11 grants on its 2024 IRS Form 990 filing. Organizations receiving their first grant from FXM Foundation that year got $5K on average.
Where does FXM Foundation give grants?
FXM Foundation gives mostly in Texas: 75% of the grant dollars itemized on its 2024 IRS Form 990 filing went to recipients there. The next largest state was Tennessee (7%). The most frequent recipient cities were Sugarland, TX (2 grants) and Houston, TX (2 grants).
Does FXM Foundation give general operating support?
Not in 2024: none of the 11 grants with a stated purpose on FXM Foundation's 2024 IRS Form 990 filing were described as general or operating support. Recurring purposes include "Charitable" (10 grants).
Who are FXM Foundation's largest grantees?
FXM Foundation's largest 2024 grantees include Spanish Bible Fellowship ($99,560), Centro Familiar Cristiano ($31,000) and Bethel Echegaray ($20,254), according to its 2024 IRS Form 990 filing. Together they received 76% of its itemized 2024 grant dollars.
How large is FXM Foundation?
FXM Foundation reported $528K in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $4K.
What does FXM Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations described as charitable or religious. One recipient, Centro Familiar Cristiano Inc, says its mission is “to provide educational, athletic, guidance and other support to the under privileged.” See mission & focus areas ↑
How do I apply for a grant from FXM Foundation?
The foundation does not accept unsolicited requests and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is FXM Foundation's EIN?
FXM Foundation's EIN (Employer Identification Number) is 87-2815986. IRS Form 990 filing data is available on this page for 2021–2024.
Does FXM Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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Cite this profile
Grantable. (2026). FXM Foundation funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/fxm-foundation-morg_3a239e280e4f43ac845c7c6a9980c1f0
BibTeX
@misc{grantable_872815986_2026,
author = {{Grantable}},
title = {{FXM Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/fxm-foundation-morg_3a239e280e4f43ac845c7c6a9980c1f0},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from FXM Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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