University Of Houston College Of Business Foundation
- Assets
- $64.6m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 1
- Location
- Houston, TX
- Founding
- 02/1974
- Data as of
- 08/2021
- EIN
- 23-7281200
Organization Overview
University Of Houston College Of Business Foundation is located in Houston, TX. The organization was established in 1974. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Houston College Of Business Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, University Of Houston College Of Business Foundation generated $7.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $6.3m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SOLICIT, RECEIVE, OR ACQUIRE REAL PERSONAL PROPERTY & TO ADMINISTER SUCH PROPERTY WITH THE PRIMARY OBJECTIVE OF IMPROVING THE EDUCATIONAL QUALITY PROVIDED BY BAUER COB.
Describe the Organization's Program Activity:
TO APPLY FUNDS AND OTHER RESOURCES IN SUPPORT OF THE UNIVERSITY OF HOUSTON, C. T. BAUER COLLEGE OF BUSINESS, INCLUDING SUPPORTING THE NECESSARY INSTRUCTORS, OTHER EMPLOYEES, AND STUDENTS AND IN PROCURING QUALITY PERSONNEL, MATERIALS, EQUIPMENT, AND OTHER APPARATUS NECESSARY TO THE SUCCESS OF THE UNIVERSITY OF HOUSTON, C. T. BAUER COLLEGE OF BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cyril Theccanat Secretary/treasurer | OfficerTrustee | 3 | $0 |
Leonard Roth President | OfficerTrustee | 3 | $0 |
Lisa Airhart Vice President | OfficerTrustee | 1 | $0 |
Edgardo Colon Director | Trustee | 0.25 | $0 |
John King Director | Trustee | 0.1 | $0 |
Judy Bozeman Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,958,846 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,958,846 |
| Total Program Service Revenue | $889,765 |
| Investment income | $880,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,949,307 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,673,851 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,345,656 |
| Grants and other assistance to domestic individuals. | $165,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,044 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,336 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $209,792 |
| Advertising and promotion | $0 |
| Office expenses | $4,263 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | -$497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,133 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,002 |
| All other expenses | $0 |
| Total functional expenses | $6,289,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,356 |
| Savings and temporary cash investments | $85,568 |
| Pledges and grants receivable | $6,062,366 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $58,240,909 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $64,577,199 |
| Accounts payable and accrued expenses | $218,115 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $218,115 |
| Net assets without donor restrictions | $9,913,301 |
| Net assets with donor restrictions | $54,445,783 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $64,577,199 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that University Of Houston College Of Business Foundation has recieved totaling $80,879.
| Awarding Organization | Amount |
|---|---|
Greater Houston Community Foundation Houston, TX PURPOSE: EDUCATIONAL | $51,800 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $29,079 |
Endowment Analysis
| Beg. Balance | $45,657,085 |
| Earnings | $9,206,878 |
| Admin Expense | $14,832 |
| Net Contributions | $2,774,836 |
| Other Expense | $2,167,299 |
| Grants | $2,059,697 |
| Ending Balance | $53,396,971 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Former Students Of Texas A & M University College Station, TX | $202,537,498 | $46,927,604 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Jackson Academy Inc Jackson, MS | $38,072,523 | $26,664,882 |
Community Academies Of New Orleans Inc New Orleans, LA | $3,607,282 | $19,811,905 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |
Utah Valley University Foundation Inc Orem, UT | $142,004,586 | $26,803,994 |
United States Deputy Sheriffs Association Inc Wichita, KS | $2,971,599 | $19,654,227 |
Healthy School Food Collaborative New Orleans, LA | $2,253,600 | $20,882,496 |
Wichita Collegiate School Wichita, KS | $29,920,797 | $19,193,886 |
Mississippi Community Education Center Jackson, MS | $16,617,573 | $26,875,315 |
Kipp Delta Inc Helena, AR | $23,299,418 | $20,055,239 |