University Of Houston Foundation
- Assets
- $176.1m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Houston, TX
- Founding
- 11/1961
- Data as of
- 08/2022
- EIN
- 74-6041411
Organization Overview
University Of Houston Foundation is located in Houston, TX. The organization was established in 1961. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 08/2022, University Of Houston Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Houston 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 08/2022, University Of Houston Foundation generated $16.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $9.8m during the year ending 08/2022. While expenses have increased by 0.9% per year over the past 7 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 2015, University Of Houston Foundation has awarded 147 individual grants totaling $68,099,371. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF HOUSTON FOUNDATION OPERATES FOR THE ADVANCEMENT AND GENERAL WELFARE OF THE EDUCATIONAL PROGRAMS OF THE UNIVERSITY OF HOUSTON AND ITS COMPONENTS. THE FOUNDATION RECEIVES CONTRIBUTIONS AND MANAGES AND ADMINISTERS THOSE FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY OF HOUSTON FOUNDATION PROVIDES PROGRAM SUPPORT TO UNIVERSITY OF HOUSTON SYSTEM FOR VARIOUS SCHOLARSHIP AND EDUCATIONAL PROGRAMS FOR COLLEGES LISTED IN SCHEDULE I.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrylin G Neale President | Officer | 40 | $285,679 |
Joanne Kelley Accounting Manager | 40 | $112,154 | |
Rob Arnold Vice Chair | OfficerTrustee | 1 | $0 |
Orlando Sanchez Chair | OfficerTrustee | 1 | $0 |
Alvin Zimmerman Secretary | OfficerTrustee | 1 | $0 |
Rebecca Hoyt Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,476,079 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,938,317 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,414,396 |
| Total Program Service Revenue | $0 |
| Investment income | $12,311,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,663,333 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,062,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,293,461 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $326,045 |
| Compensation of current officers, directors, key employees. | $326,045 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,813 |
| Pension plan accruals and contributions | $12,539 |
| Other employee benefits | $34,289 |
| Payroll taxes | $30,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $787,150 |
| Fees for services: Other | $5,704 |
| Advertising and promotion | $0 |
| Office expenses | $26,622 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,294 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,549 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,557 |
| Insurance | $14,733 |
| All other expenses | $0 |
| Total functional expenses | $9,831,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $284,690 |
| Pledges and grants receivable | $1,306,111 |
| Accounts receivable, net | $47,274 |
| 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 | $63,280 |
| Net Land, buildings, and equipment | $64,133 |
| Investments—publicly traded securities | $174,330,357 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $176,095,945 |
| Accounts payable and accrued expenses | $269,532 |
| Grants payable | $10,275,289 |
| 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 | $1,356,366 |
| Total liabilities | $11,901,187 |
| Net assets without donor restrictions | $3,124,460 |
| Net assets with donor restrictions | $161,070,298 |
| 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 | $176,095,945 |
Grants Awarded
Over the last fiscal year, University Of Houston Foundation has awarded $8,285,632 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF HOUSTON PURPOSE: Scholarships | $2,843,463 |
UH-SYSTEM PURPOSE: Program Support | $1,665,998 |
UH-COLLEGE OF GLOBAL HOSPITALITY LEADERSHIP PURPOSE: Program Support | $1,133,717 |
UH-ATHLETICS PURPOSE: Program Support | $696,117 |
UH-COLLEGE OF THE ARTS PURPOSE: Program Support | $578,951 |
UH-COLLEGE OF LIBERAL ARTS & SOCIAL SCIENCES PURPOSE: Program Support | $403,471 |
Grants Recieved
Over the last fiscal year, we have identified 36 grants that University Of Houston Foundation has recieved totaling $3,102,206.
| Awarding Organization | Amount |
|---|---|
William A Brookshire Foundation Lakeway, TX PURPOSE: STUDENT SCHOLARSHIPS | $1,209,000 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: FOR CONTINUING SUPPORT THROUGH UPGRADES IN TECHNOLOGY AND IMPROVED LEARNING SPACES FOR THE CONRAD N. HILTON SCHOOL OF HOTEL AND RESTAURANT MANAGEMENT. | $500,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250,000 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO SUPPORT THE CONRAD N. HILTON COLLEGE IN ITS COMPLETION OF THE EXPANSION OF THE WILLIAM BARRON HILTON ARCHIVES. | $250,000 |
Centerpoint Energy Foundation Inc Houston, TX PURPOSE: COUGAR LITERACY CORPS | $100,000 |
Rockwell Fund Inc Houston, TX PURPOSE: TUTOR INSTRUCTIONAL RECOVERY PTNRSHP | $95,000 |
Endowment Analysis
| Beg. Balance | $181,287,841 |
| Earnings | -$28,729,414 |
| Net Contributions | $2,139,951 |
| Grants | $3,267,061 |
| Ending Balance | $151,431,317 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX | $379,261,425 | $375,406 |
University Of Texas Law School Foundation Austin, TX | $263,458,115 | $22,437,207 |
Dallas Seminary Foundation Dallas, TX | $76,216,359 | $8,000,736 |
Sul Ross State University Foundation Alpine, TX | $1,687,998 | $1,230,429 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |
University Of Houston Foundation Houston, TX | $176,095,945 | $16,062,659 |