Engelstoft Family Foundation
- Assets
- $1.4m
- Revenue
- $626.0k
- Investments
- $750.7k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 10/2011
- Data as of
- 12/2022
- EIN
- 45-2700866
Organization Overview
Engelstoft Family Foundation is located in Houston, TX. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Engelstoft Family 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 12/2022, Engelstoft Family Foundation generated $626.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 36.4% each year . All expenses for the organization totaled $115.4k during the year ending 12/2022. While expenses have increased by 4.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Engelstoft Family Foundation has awarded 45 individual grants totaling $664,643. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST UNITED METHODIST CHURCHGENERAL ASSISTANCEFULSHEAR, TEXAS 77441
FGC COMMUNITY LINK CAMBODIAGENERAL ASSISTANCESIEM REAP PROVINCE, CAMBODIA
WORDSERVE UNITED METHODIST CHURCH GENERAL ASSISTANCEFULSHEAR, TEXAS 77441
HOUSTON ROYAL OAKS FOUNDATIONGENERAL ASSISTANCESUGAR LAND, TX 77479
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mads Engelstoft Director | 0 | $0 | |
Conceza Abegaile Vencer Flores Director | 0 | $0 | |
Bente I Engelstoft Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $563,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,359 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,422 |
| Capital Gain Net Income | $27,422 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $625,981 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,568 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,593 |
| Printing and publications | $0 |
| Other expenses | $1,515 |
| Total operating and administrative expenses | $4,766 |
| Contributions, gifts, grants paid | $110,620 |
| Total expenses and disbursements | $115,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $607,721 |
| Net Accounts receivable | $0 |
| 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 | $1,358,375 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Engelstoft Family Foundation has awarded $110,620 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
FGC COMMUNITY LINK PURPOSE: GENERAL ASSISTANCE | $34,000 |
WORDSERVE UNITED METHODIST CHURCH PURPOSE: GENERAL ASSISTANCE | $22,000 |
HOUSTON ROYAL OAKS FOUNDATION PURPOSE: GENERAL ASSISTANCE | $5,000 |
AMERICAN CHAMBER FOUNDATION PHILIPP PURPOSE: GENERAL ASSISTANCE | $1,705 |
PEOPLE CARING FOR COMMUNITY INC PCC PURPOSE: GENERAL ASSISTANCE | $3,915 |
FIRST UTD METHODIST CHURCH OF FULSH PURPOSE: GENERAL ASSISTANCE | $33,000 |