H E Butt Foundation
- Assets
- $0.0
- Revenue
- $12.8m
- Investments
- $371.4m
- Employees
- 0
- Location
- Kerrville, TX
- Founding
- 12/1935
- Data as of
- 12/2021
- EIN
- 74-1239819
Organization Overview
H E Butt Foundation is located in Kerrville, TX. The organization was established in 1935. 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. H E Butt 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 12/2021, H E Butt Foundation generated $12.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (24.3%) each year. All expenses for the organization totaled $21.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHMENT 21
SEE ATTACHMENT 21
SEE ATTACHMENT 21
SEE ATTACHMENT 21
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Butt Rogers Vp/sec.- Treas. | 5 | $0 | |
David M Rogers President | 40 | $309,280 | |
Howard E Butt III Trustee | 1 | $0 | |
Stephen W Butt Trustee | 1 | $0 | |
F Dwight Lacy Trustee | 1 | $0 | |
Janice S Flynn Asst Secretary-Treasurer | 40 | $378,407 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Card And Company Architects Pllc | 12/30/22 | $394,685 |
Nepc Llc | 12/30/22 | $365,083 |
Beneration Llc | 12/30/22 | $1,292,918 |
Kings Path Partners Llc | 12/30/22 | $305,288 |
Ernst & Young Llp | 12/30/22 | $176,796 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,880,486 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,861,196 |
| Profit on Inventory Sales | $0 |
| Other Income | -$4,558,278 |
| Total Revenue | $12,795,239 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $631,933 |
| Pension plans, employee benefits | $489,119 |
| Depreciation | $2,991,790 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $38,986 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $18,767,436 |
| Contributions, gifts, grants paid | $2,687,319 |
| Total expenses and disbursements | $21,454,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,125,182 |
| Investments—mortgage loans | $0 |
| Investments—other | $312,271,087 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $40,295 |