Hspva Friends
- Assets
- $4.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Houston, TX
- Founding
- 02/1988
- Data as of
- 07/2023
- EIN
- 74-1997921
Organization Overview
Hspva Friends is located in Houston, TX. The organization was established in 1988. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 07/2023, Hspva Friends employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hspva Friends 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 07/2023, Hspva Friends generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.3m during the year ending 07/2023. While expenses have increased by 6.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HSPVA FRIENDS CULTIVATES SUPPORT FOR KINDER HIGH SCHOOL FOR THE PERFORMING AND VISUAL ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURRICULUM AND PRODUCTION SUPPORT - PROVIDE ART SUPPLIES/EQUIPMENT, TEACHING PERSONNEL, PROFESSIONAL SUPPORT, AND ADDITIONAL EDUCATION OPPORTUNITIES FOR THE 790 STUDENTS AT KINDER HIGH SCHOOL FOR THE PERFORMING AND VISUAL ARTS.
SCHOLARSHIPS - WERE PROVIDED TO 50 KINDER HSPVA STUDENTS (AND GRADUATES) FOR PRIVATE LESSONS, SUMMER PROGRAMS, AND COLLEGE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Angelle Chair | OfficerTrustee | 1 | $0 |
Kimberly Hickson Spaw Secretary | OfficerTrustee | 1 | $0 |
Grant Dorfman Treasurer | OfficerTrustee | 1 | $0 |
Patricia Bonner Director | Trustee | 1 | $0 |
Algenita Scott Davis Director | Trustee | 1 | $0 |
M Kaye Dewalt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $282,194 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $419,875 |
| Noncash contributions included in lines 1a–1f | $32,832 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $702,069 |
| Total Program Service Revenue | $438,525 |
| Investment income | $81,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,974 |
| Net Income from Fundraising Events | $7,942 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,242,104 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $115,555 |
| Grants and other assistance to domestic individuals. | $49,920 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,000 |
| Compensation of current officers, directors, key employees. | $31,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,925 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,151 |
| Payroll taxes | $19,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,592 |
| Advertising and promotion | $20,034 |
| Office expenses | $29,367 |
| Information technology | $23,876 |
| Royalties | $0 |
| Occupancy | $30,834 |
| Travel | $125,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,724 |
| All other expenses | $0 |
| Total functional expenses | $1,320,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $991,037 |
| Savings and temporary cash investments | $2,377,694 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,642 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,291,501 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,683,874 |
| Accounts payable and accrued expenses | $25,721 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $25,721 |
| Net assets without donor restrictions | $1,296,282 |
| Net assets with donor restrictions | $3,361,871 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,683,874 |
Grants Awarded
Over the last fiscal year, Hspva Friends has awarded $1,656,783 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HISD PURPOSE: Capital enhancements | $1,576,900 |
HSPVA PURPOSE: Support school programs | $79,883 |