Bp Foundation Inc
- Assets
- $4.1m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/1953
- Data as of
- 12/2021
- EIN
- 36-6046879
Organization Overview
Bp Foundation Inc is located in Houston, TX. The organization was established in 1953. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bp Foundation Inc 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 12/2021, Bp Foundation Inc generated $6.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bp Foundation Inc has awarded 15 individual grants totaling $12,482,564. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Harrison Executive Director | 9 | $43,629 | |
Ellen King Associate Director | 12.5 | $33,313 | |
Yasmin Wilkinson Associate Director | 3 | $10,986 | |
Kathleen Martinez Executive Director | 0.7 | $3,393 | |
Nike Thorpe Corporate Secretary | 0.5 | $0 | |
Mary Streett Chairman And President | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cybergrants | 12/30/21 | $36,581 |
Givingforce | 12/30/21 | $417,715 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,000,000 |
| Interest on Savings | $2,200 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34,014 |
| Total Revenue | $6,036,214 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $91,320 |
| Other employee salaries and wages | $115,349 |
| Pension plans, employee benefits | $126,669 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $510,977 |
| Total operating and administrative expenses | $895,258 |
| Contributions, gifts, grants paid | $3,419,509 |
| Total expenses and disbursements | $4,314,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,050,087 |
| Net Accounts receivable | $32 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,050,119 |
| Accounts payable and accrued expenses | $115,730 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $115,730 |
Grants Awarded
Over the last fiscal year, Bp Foundation Inc has awarded $3,419,509 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MATCHING GIFTS - GIVINGFORCE (DETAIL AVAILABLE UPON REQUEST) PURPOSE: MATCHING GRANTS TO HUNDREDS OF SCHOOLS, COMMUNITY, HEALTH AND HUMAN SERVICE ORGANIZATIONS. | $2,948,075 |
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF TO HELP THOSE AFFECTED BY THE TEXAS WINTER FREEZE, HURRICANE IDA, AND VARIOUS DISASTERS. | $288,270 |
MATCHING GIFTS - CYBERGRANTS (DETAIL AVAILABLE UPON REQUEST) PURPOSE: MATCHING GRANTS TO HUNDREDS OF SCHOOLS, COMMUNITY, HEALTH AND HUMAN SERVICE ORGANIZATIONS. | $154,493 |
Alexandria, VA PURPOSE: SUPPORT SCHOOLS, COMMUNITY, HEALTH AND HUMAN SERVICE ORGANIZATIONS. | $28,671 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bp Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Margaret Perenchio Foundation Glendale, CA PURPOSE: DONATION FOR THE GENERAL BENEFIT OF THE PEOPLE IN BUGASONG | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Citizens Foundation Usa Houston, TX | $7,765,514 | $19,916,524 |
Morgans Wonderland Inclusion Foundation San Antonio, TX | $24,438,940 | $21,840,113 |
Furniture Bank Houston, TX | $4,044,380 | $6,546,446 |
Scanlan Foundation Houston, TX | $209,874,637 | $6,584,694 |
Kathleen S Craft Foundation Tulsa, OK | $94,596,287 | $6,487,856 |
White Cake Family Foundation Dallas, TX | $42,767,869 | $3,380,103 |
Charitable Properties Inc Mesquite, TX | $0 | $4,302,892 |
Bp Foundation Inc Houston, TX | $4,050,119 | $6,036,214 |
Soonae Foundation Burnet, TX | $2,322,115 | $4,666,451 |
Evergreen Foundation Haughton, LA | $11,601,707 | $713,824 |
Green Beret Foundation San Antonio, TX | $4,813,026 | $3,422,970 |
The Credit Bureau Of Baton Rouge Foundation Baton Rouge, LA | $26,265,049 | $1,414,019 |