Astros Foundation
- Assets
- $12.2m
- Revenue
- $6.2m
- Investments
- $9.0m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 74-2793078
Organization Overview
Astros Foundation is located in Houston, TX. The organization was established in 1997. 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. Astros 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, Astros Foundation generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 18.3% per year over the past 4 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 2020, Astros Foundation has awarded 152 individual grants totaling $8,267,194. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE ASTROS FOUNDATION COMMUNITY LEADERS PROGRAM DEVELOPED BY ASTROS OWNER AND CHAIRMAN JIM CRANE, THE COMMUNITY LEADERS PROGRAM SEEKS TO PROVIDE THE NEXT GENERATION OF YOUNG ATHLETES WITH THE ENVIRONMENT AND RESOURCES THEY NEED TO DEVELOP PHYSICALLY AND MENTALLY. BASEBALL AND SOFTBALL TEACH YOUNG PLAYERS THE IMPORTANCE OF TEAMWORK, PERSEVERANCE AND COMMITMENT, PRINCIPLES THAT WILL SERVE THEM NOT ONLY ON THE FIELD, BUT THROUGHOUT THEIR LIVES.
URBAN YOUTH ACADEMY THE ASTROS YOUTH ACADEMY IS A CORNERSTONE PROGRAM OF THE ASTROS FOUNDATION WHICH SERVES OVER 10,000 PARTICIPANTS ON A EAR-ROUND BASIS PROVIDING FREE BASEBALL AND SOFTBALL INSTRUCTION AND CAMPS, LIFE-SKILLS TRAINING AND ACADEMIC SUPPORT TO YOUNG ATHLETES THROUGHOUT THE GREATER HOUSTON AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krystal Thompson Board Member | 1 | $0 | |
Marian Harper Secretary | 1 | $0 | |
Johnny Johnson Board Member | 1 | $0 | |
Jud Grady Treasurer | 1 | $0 | |
Jared Crane President | 1 | $0 | |
Terri Havens Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,263,723 |
| Interest on Savings | $0 |
| Dividends & Interest | $92,647 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $316,325 |
| Capital Gain Net Income | $316,325 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,491,110 |
| Total Revenue | $6,163,805 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $591,015 |
| Pension plans, employee benefits | $72,316 |
| Interest | $16 |
| Taxes | $48,283 |
| Depreciation | $3,106 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $759,877 |
| Total operating and administrative expenses | $1,533,029 |
| Contributions, gifts, grants paid | $1,621,250 |
| Total expenses and disbursements | $3,154,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,195,075 |
| 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 | $12,156,575 |
| Accounts payable and accrued expenses | $102,828 |
| 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 | $0 |
| Total liabilities | $102,828 |
Grants Awarded
Over the last fiscal year, Astros Foundation has awarded $1,621,250 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
NEW HOPE HOUSING PURPOSE: SUPPORT PROGRAMS | $520,000 |
Houston, TX PURPOSE: SUPPORT PROGRAMS | $210,200 |
Houston, TX PURPOSE: SUPPORT PROGRAMS | $100,000 |
TEACH PURPOSE: SUPPORT PROGRAMS | $75,000 |
PERIWINKLE FOUNDATION PURPOSE: SUPPORT PROGRAMS | $50,000 |
BIG LOVE CANCER CARE SERVICES PURPOSE: SUPPORT PROGRAMS | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Astros Foundation has recieved totaling $2,292,500.
| Awarding Organization | Amount |
|---|---|
Astros Golf Foundation Houston, TX PURPOSE: CHARITABLE PROJECTS | $2,000,000 |
Halliburton Charitable Foundation Houston, TX | | $250,000 |
Major League Baseball Charities Inc New York, NY PURPOSE: GENERAL PURPOSE | $25,000 |
Hobby Family Foundation Houston, TX PURPOSE: CONTINUING OPERATING EXPENSES | $15,000 |
Kevin And Lesley Lilly Foundation Houston, TX PURPOSE: TO PROVIDE TICKETS TO MEMBERS OF THE MILITARY | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |