Houston Endowment Inc
- Assets
- $2.7b
- Revenue
- $265.7m
- Investments
- $2.6b
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/1938
- Data as of
- 12/2021
- EIN
- 74-6013920
Organization Overview
Houston Endowment Inc is located in Houston, TX. The organization was established in 1938. 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. Houston Endowment Inc 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, Houston Endowment Inc generated $265.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $82.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Houston Endowment Inc has awarded 2,607 individual grants totaling $413,069,532. 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:
PROVIDING TECHNICAL ASSISTANCE TO HOUSTON INDEPENDENT SCHOOL DISTRICT FOR STRATEGIC PLANNING EFFORTS
PROVIDING TECHNICAL ASSISTANCE RELATING TO THE CITY OF HOUSTON'S COMPLETE COMMUNITIES INITIATIVE
PROVIDING TECHNICAL ASSISTANCE TO OTHER GRANTEES AND INITIATIVES`
CONDUCTING RESEARCH AND EVALUATIONS TO DRIVE PROGRAMMATIC STRATEGIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 2 | $0 | |
John Rosenkild Dir., Legal | 40 | $231,800 | |
Sheryl Fultz Dir., People | 40 | $216,300 | |
Russell Ramsey Dir. Learn & Eval. | 40 | $175,800 | |
Cynthia Hurrington Dir., Comm. | 40 | $171,296 | |
Jennifer Jouas Dir., Fin. & Acct. | 40 | $168,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Investure Llc | 12/30/21 | $9,975,194 |
Ldr Advisory Partners | 12/30/21 | $1,400,000 |
Ilo Group | 12/30/21 | $629,333 |
Kevin Daly Architects | 12/30/21 | $965,101 |
Public Impact Llc | 12/30/21 | $442,527 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,346 |
| Dividends & Interest | $1,953,881 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $243,420,678 |
| Capital Gain Net Income | $219,311,860 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,271,248 |
| Total Revenue | $265,655,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,389,729 |
| Other employee salaries and wages | $3,617,170 |
| Pension plans, employee benefits | $2,511,200 |
| Interest | $14,956 |
| Taxes | $5,565,001 |
| Depreciation | $85,107 |
| Occupancy | $694,228 |
| Travel, conferences, and meetings | $9,308 |
| Printing and publications | $0 |
| Other expenses | $736,353 |
| Total operating and administrative expenses | $30,560,881 |
| Contributions, gifts, grants paid | $52,109,328 |
| Total expenses and disbursements | $82,670,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,959,855 |
| Savings and temporary cash investments | $76,156,616 |
| 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 | $308,109 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,405,517,600 |
| Net Land, buildings, and equipment | $32,411,147 |
| Other assets | $15,962,252 |
| Total assets | $2,683,938,862 |
| Accounts payable and accrued expenses | $17,663,194 |
| Grants payable | $23,076,616 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $25,225,000 |
| Other liabilities | $23,774,322 |
| Total liabilities | $89,739,132 |
Grants Awarded
Over the last fiscal year, Houston Endowment Inc has awarded $106,492,413 in support to 503 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: GENERAL OPERATING SUPPORT | $5,000,000 |
Houston, TX PURPOSE: PROJECT SUPPORT TOWARD IMPLEMENTATION OF THE EAST SECTOR MASTER PLAN | $5,000,000 |
Houston, TX PURPOSE: GENERAL OPERATING SUPPORT | $5,000,000 |
Houston, TX PURPOSE: GENERAL OPERATING SUPPORT | $5,000,000 |
FOUNDATION FOR JONES HALL PURPOSE: CAPITAL SUPPORT FOR THE RENOVATION OF JONES HALL | $2,500,000 |
Houston, TX PURPOSE: PROJECT SUPPORT TOWARD THE COMPLETE COMMUNITIES IMPROVEMENT FUND | $2,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Houston Endowment Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Mcneill Charitable Foundation Inc Houston, TX PURPOSE: GENERAL OPERATING | $1,000 |
Mcneill Charitable Foundation Inc Houston, TX PURPOSE: GENERAL OPERATING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walton Family Foundation Inc Bentonville, AR | $5,583,293,024 | $1,484,598,263 |
Charles And Lynn Schusterman Family Foundation Tulsa, OK | $2,674,316,552 | $872,930,911 |
Laura And John Arnold Foundation Houston, TX | $2,692,538,333 | $716,274,205 |
Michael & Susan Dell Foundation Austin, TX | $0 | $224,656,241 |
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |