George And Angelina Owusu Family Foundation
- Assets
- $1.3m
- Revenue
- $310.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-2345449
Organization Overview
George And Angelina Owusu Family Foundation is located in Houston, TX. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. George And Angelina Owusu 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, George And Angelina Owusu Family Foundation generated $310.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $512.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George And Angelina Owusu Family Foundation has awarded 25 individual grants totaling $769,256. 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
PROVIDED FINANCIAL SUPPORT TO BUILD A NON-PROFIT MEDICAL CENTER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Owusu President | 10 | $0 | |
Angelina Owusu Vice President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $310,000 |
| Interest on Savings | $0 |
| 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 | $0 |
| Total Revenue | $310,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $187,721 |
| Occupancy | $17,000 |
| Travel, conferences, and meetings | $2,414 |
| Printing and publications | $7,533 |
| Other expenses | $18,019 |
| Total operating and administrative expenses | $261,225 |
| Contributions, gifts, grants paid | $251,030 |
| Total expenses and disbursements | $512,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,364 |
| Savings and temporary cash investments | $0 |
| 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 | $1,322,573 |
| Other assets | $14,885 |
| Total assets | $1,346,822 |
| 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 | $56,367 |
| Total liabilities | $56,367 |
Grants Awarded
Over the last fiscal year, George And Angelina Owusu Family Foundation has awarded $251,030 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SUSAN MACHARRISON PURPOSE: CONTRIBUT TOWARDS EDUCATION EXPENSES AT THE ROYAL COLLEGE OF PHYSICIANS OF EDINBURGH | $6,030 |
YORK UNIVERSITY CANADA PURPOSE: TO ESTABLISH A SCHOLARSHIP WITHIN FACULTY OF HEALTH'S PARTNERSHIP PROGRAM WITH UHAS IN GHANA, WHICH IS TO PROVIDE ADVANCED EDUCATION, RESEARCH AND CLINICAL LEADERSHIP TO STRENGTHEN | $10,000 |
GEORGE AND ANGELINA OWUSU FOUNDATIO PURPOSE: A CHARITABLE ORGANIZATION TO HELP PROVIDE EDUCATIONAL OPPORTUNITIES TO ECONOMICALLY DISAVANTAGED CHILDREN AND STUDENTS ACROSS AFRICA. | $235,000 |