Perry W And Lou F Britton Foundation
- Assets
- $2.1m
- Revenue
- $282.1k
- Investments
- $1.7m
- Employees
- 0
- Location
- Baytown, TX
- Founding
- 08/2015
- Data as of
- 12/2023
- EIN
- 47-6515406
Organization Overview
Perry W And Lou F Britton Foundation is located in Baytown, TX. The organization was established in 2015. 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. Perry W And Lou F Britton 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 12/2023, Perry W And Lou F Britton Foundation generated $282.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $186.6k during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 9 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, Perry W And Lou F Britton Foundation has awarded 24 individual grants totaling $941,161. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MADE CHARITABLE DONATIONS TO AREA 501(C) (C3) ORGANIZATION HARRIS COUNTY HEALTH CARE FOR THE HOMELESS. IN 2023, DONATIONS TOTALING 181701.00 WERE PAID OUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Walding Trustee | 0 | $0 | |
George Ward Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $230,273 |
| Interest on Savings | $4,594 |
| Dividends & Interest | $59,677 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,757 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,310 |
| Total Revenue | $282,097 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,000 |
| Total operating and administrative expenses | $4,875 |
| Contributions, gifts, grants paid | $181,701 |
| Total expenses and disbursements | $186,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406,293 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $2,106,826 |
| 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 | $17 |
| Total liabilities | $17 |
Grants Awarded
Over the last fiscal year, Perry W And Lou F Britton Foundation has awarded $181,701 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARKS METHODIST CHURCH PURPOSE: COMMUNITY PROGRAMS/ SERVICES | $31,701 |
LOVE NETWORK PURPOSE: COMMUNITY PROGRAMS/SERVICES | $100,000 |
BAY AREA HOMELESS PURPOSE: COMMUNITY PRGRAMS/SERVICES | $50,000 |