May K Houck Foundation
- Assets
- $2.1m
- Revenue
- $167.8k
- Investments
- $2.1m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 06/1962
- Data as of
- 04/2023
- EIN
- 59-0777857
Organization Overview
May K Houck Foundation is located in Sarasota, FL. The organization was established in 1962. 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. May K Houck 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 04/2023, May K Houck Foundation generated $167.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $192.5k during the year ending 04/2023. While expenses have increased by 2.3% per year over the past 7 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, May K Houck Foundation has awarded 180 individual grants totaling $966,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Hargrave Trustee | 1 | $0 | |
Leslie Moffett-Kraus Trustee | 1 | $0 | |
David Robison Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,795 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $102,023 |
| Capital Gain Net Income | $102,023 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2 |
| Total Revenue | $167,820 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,999 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,466 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $51,541 |
| Contributions, gifts, grants paid | $141,000 |
| Total expenses and disbursements | $192,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,732 |
| 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 | $2,129,827 |
| Accounts payable and accrued expenses | $7,139 |
| 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 | $5,939 |
| Total liabilities | $13,078 |
Grants Awarded
Over the last fiscal year, May K Houck Foundation has awarded $141,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ADIRONDACK COUNCIL PURPOSE: PROGRAM SERVICES | $1,000 |
ADIRONDACK MOUNTAIN CLUB PURPOSE: PROGRAM SERVICES | $500 |
AIM HIGH CHILDRENS SERVICES PURPOSE: PROGRAM SERVICES | $1,000 |
ALBANY SYMPHONY PURPOSE: PROGRAM SERVICES | $14,000 |
CANANDAIGUA LAKE WATERSHED ASSOC PURPOSE: PROGRAM SERVICES | $10,000 |
FINGER LAKES LAND TRUST PURPOSE: PROGRAM SERVICES | $12,000 |