Houston Endowment Inc
- Assets
- $1.4b
- Revenue
- $152.7m
- Investments
- $1.3b
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/1938
- Data as of
- 12/2019
- 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.
For the year ending 12/2019, Houston Endowment Inc generated $152.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $114.5m during the year ending 12/2019. While expenses have increased by 6.2% per year over the past 3 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 2018, Houston Endowment Inc has awarded 1,438 individual grants totaling $186,936,624. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARRIS COUNTY TALKING TRANSITIONS INITIATIVE: SEE STATEMENT
IMPROVING MATERNAL HEALTH: SEE STATEMENT
HARRIS COUNTY CIVIC ENGAGEMENT INITIATIVE: SEE STATEMENT
BETTER UNDERSTANDING EARLY CHILDHOOD IN HOUSTON: SEE STATEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 2 | $2,500 | |
Sheryl Fultz Director Of Hr | 40 | $198,100 | |
Russell Ramsey Dir. Learn & Eval. | 40 | $161,000 | |
Elizabeth Love Sr. Program Officer | 40 | $158,000 | |
Catherine Villarreal Director Of Comm. | 40 | $157,733 | |
Jennifer Jouas Director Fin. & Acc. | 40 | $156,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Investure Llc | 12/30/19 | $4,884,770 |
Hr&a Advisors Inc | 12/30/19 | $450,000 |
The Black Sheep Agency | 12/30/19 | $250,000 |
Working Partner Llc | 12/30/19 | $249,023 |
Givingdata | 12/30/19 | $219,564 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $793,572 |
| Dividends & Interest | $1,756,300 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $119,673,946 |
| Capital Gain Net Income | $111,336,291 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,459,826 |
| Total Revenue | $152,687,182 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,361,174 |
| Other employee salaries and wages | $2,901,545 |
| Pension plans, employee benefits | $1,846,123 |
| Interest | $21 |
| Taxes | $802,986 |
| Depreciation | $89,557 |
| Occupancy | $725,283 |
| Travel, conferences, and meetings | $129,379 |
| Printing and publications | $0 |
| Other expenses | $33,056,364 |
| Total operating and administrative expenses | $49,057,456 |
| Contributions, gifts, grants paid | $65,419,541 |
| Total expenses and disbursements | $114,476,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,813,381 |
| Savings and temporary cash investments | $31,219,382 |
| 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 | $323,234 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,230,794,197 |
| Net Land, buildings, and equipment | $20,589,792 |
| Other assets | $2,407,561 |
| Total assets | $1,397,845,786 |
| Accounts payable and accrued expenses | $299,826 |
| 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 | $299,826 |
Grants Awarded
Over the last fiscal year, Houston Endowment Inc has awarded $93,156,206 in support to 607 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD REASON HOUSTON PURPOSE: TOWARD INCREASING THE NUMBER OF STUDENTS FROM HOUSTON'S URBAN CORE ATTENDING A & B SCHOOLS | $3,500,000 |
HOUSTON INDEPENDENT SCHOOL DISTRICT FOUNDATION PURPOSE: TOWARD PROVIDING STUDENTS WITH OUTSTANDING HIGHER EDUCATION OPPORTUNITIES THROUGH THE EXPANSION OF EMERGE AND STRENGTHENING THE COLLEGE READINESS SYSTEMS ACROSS THE DISTRICT THROUGH CENTRALIZING SUPPORT | $3,070,000 |
Houston, TX PURPOSE: TOWARD IMPLEMENTING THE FIRST PHASE OF HERMANN PARK'S 20-YEAR MASTER PLAN | $3,000,000 |
IDEA PUBLIC SCHOOLS PURPOSE: TOWARD IDEA PUBLIC SCHOOLS - GREATER HOUSTON LAUNCH PHASE ONE | $3,000,000 |
Houston, TX PURPOSE: TOWARD EXPANSION OF THE FACILITY | $2,000,000 |
Houston, TX PURPOSE: TOWARD EXPANSION OF THE FACILITY | $2,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Houston Endowment Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Mcneill Charitable Foundation Inc Houston, TX PURPOSE: GENERAL OPERATING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michael & Susan Dell Foundation Austin, TX | $1,824,808,520 | $321,556,498 |
Houston Endowment Inc Houston, TX | $1,397,845,786 | $152,687,182 |
Paul L Foster Family Foundation El Paso, TX | $82,421,876 | $5,877,127 |
J E And L E Mabee Foundation Inc Midland, TX | $697,279,491 | $61,500,207 |
Kinder Foundation Houston, TX | $130,110,480 | $45,137,318 |
Meadows Foundation Incorporated Dallas, TX | $711,195,941 | $21,685,718 |
Anne And Henry Zarrow Foundation Tulsa, OK | $360,070,444 | $19,179,036 |
Bhp Foundation Houston, TX | $0 | $22,009,947 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,004,698,489 | $42,836,612 |
Fund Ii Foundation Austin, TX | $0 | $22,215,363 |
Amon G Carter Foundation Fort Worth, TX | $456,539,602 | $53,379,675 |
Exxonmobil Foundation The Woodlands, TX | $180,827,902 | $15,849,317 |