Henderson-Wessendorff Foundation
- Assets
- $228.2m
- Revenue
- $17.6m
- Investments
- $181.7m
- Employees
- 0
- Location
- Richmond, TX
- Founding
- 03/1958
- Data as of
- 12/2020
- EIN
- 74-6047149
Organization Overview
Henderson-Wessendorff Foundation is located in Richmond, TX. The organization was established in 1958. 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. Henderson-Wessendorff 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 12/2020, Henderson-Wessendorff Foundation generated $17.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $17.8m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Henderson-Wessendorff Foundation has awarded 671 individual grants totaling $125,895,277. 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
2020
Describe the Organization's Program Activity:
OPERATION OF WELL SPRING CENTER - A FACILITY OFFERED FOR USE BY UNRELATED TAX-EXEMPT ORGANIZATIONS TO HOLD RETREATS, RELIGIOUS AND EDUCATIONAL EVENTS. UTILIZED BY 2,015 ATTENDEES FROM 47 EVENTS IN 2020.
OPERATION OF LONG ACRES RANCH, WHICH IS USED AS A NATURE CENTER AND FOR OUTDOOR EDUCATIONAL ACTIVITIES FOR SCHOOL CHILDREN. THE PROPERTY AND FACILITIES ARE ALSO USED TO HOST OUTDOOR ACTIVITIES FOR BOY SCOUTS AND SIMILAR ORGANIZATIONS. UTILIZED BY 5,719 ATTENDEES FROM 150 EVENTS IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Pat Mcdonald President | 40 | $414,154 | |
Ben Jones CFO | 40 | $286,378 | |
Julie Gaston Grants Officer | 40 | $114,237 | |
Penny Meek Grants & Ops Mgr | 40 | $107,341 | |
Todd Mabry Ranch & Retreat Mgr | 30 | $99,905 | |
Dana Benoit Chief Of Staff | 40 | $99,865 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcginnis Lochridge | 12/30/20 | $548,754 |
Willis Graves & Associates Inc | 12/30/20 | $105,540 |
Jackson Sjoberg & Townsend Llp | 12/30/20 | $57,058 |
Wells Fargo | 12/30/20 | $685,086 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,764,233 |
| Dividends & Interest | $2,085,485 |
| Net Rental Income | $376,711 |
| Net Gain on Sale of Assets | $1,456,505 |
| Capital Gain Net Income | $1,456,505 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,922,828 |
| Total Revenue | $17,605,762 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $975,078 |
| Other employee salaries and wages | $1,272,156 |
| Pension plans, employee benefits | $457,027 |
| Interest | $0 |
| Taxes | $969,652 |
| Depreciation | $769,196 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,012 |
| Printing and publications | $0 |
| Other expenses | $1,863,438 |
| Total operating and administrative expenses | $7,162,084 |
| Contributions, gifts, grants paid | $10,620,259 |
| Total expenses and disbursements | $17,782,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,086 |
| Savings and temporary cash investments | $8,875,772 |
| Net Accounts receivable | $104,140 |
| 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 | $435,990 |
| Net Investments - land, buildings, equipment | $20,308,879 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,742,020 |
| Net Land, buildings, and equipment | $13,048,003 |
| Other assets | $3,668,325 |
| Total assets | $228,160,288 |
| Accounts payable and accrued expenses | $7,012 |
| 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 | $7,012 |
Grants Awarded
Over the last fiscal year, Henderson-Wessendorff Foundation has awarded $12,332,259 in support to 113 organizations.
| Grant Recipient | Amount |
|---|---|
Waco, TX PURPOSE: TO EXPAND THE FACILITIES AND PROGRAMS OF TSTC FORT BEND | $1,000,000 |
Waco, TX PURPOSE: TO CONSTRUCT AN EDUCATION BUILDING FOR TSTC FORT BEND | $914,245 |
FORT BEND FAMILY HEALTH CENTER (DBA ACCESSHEALTH) PURPOSE: TO PROVIDE MEDICAL AND MENTAL HEALTH CARE TO THE UNINSURED AND UNDERINSURED | $900,000 |
Houston, TX PURPOSE: MAMIE GEORGE COMMUNITY CENTER OPERATIONS FOR LOW-INCOME FAMILIES & VULNERABLE FB COMMUNITY | $700,000 |
CHILD ADVOCATES OF FORT BEND PURPOSE: REMODEL & EXPAND FACILITY, AND EXPAND CASA & CAC PROGRAMS | $500,000 |
Richmond, TX PURPOSE: TO RENOVATE THE FORT BEND COUNTY MUSEUM BUILDING | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Henderson-Wessendorff Foundation has recieved totaling $602.
| Awarding Organization | Amount |
|---|---|
Bert F Winston Sr Foundation Richmond, TX PURPOSE: GLASS FOR COUGAR DISPLAY CASE | $602 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
Perot Foundation Dallas, TX | $46,575,873 | $1,622,633 |
The Charles Butt Foundation San Antonio, TX | $7,229,103 | $6,060,986 |