Sarah Campbell Blaffer Foundation
- Assets
- $102.9m
- Revenue
- $3.4m
- Investments
- $51.0m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 02/1965
- Data as of
- 12/2022
- EIN
- 74-6065234
Organization Overview
Sarah Campbell Blaffer Foundation is located in Houston, TX. The organization was established in 1965. 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. Sarah Campbell Blaffer 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 12/2022, Sarah Campbell Blaffer Foundation generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
OPERATE MUSEUM GALLERY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles W Hall President | 1 | $0 | |
Edward Joseph Hudson Jr Vice Pres./secretary | 1 | $0 | |
Ronald W Adzgery Vice President & Secretary | 1 | $0 | |
Marilyn Steinberger Administrator/asst Treasurer | 30 | $71,564 | |
Anne D Owen Vice Pres./treasurer | 1 | $0 | |
Robert Lee Hudson Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,662,108 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,891,626 |
| Capital Gain Net Income | $1,891,626 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$187,176 |
| Total Revenue | $3,366,558 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $253,751 |
| Other employee salaries and wages | $89,962 |
| Pension plans, employee benefits | $23,666 |
| Interest | $0 |
| Taxes | $123,056 |
| Depreciation | $4,126 |
| Occupancy | $341,500 |
| Travel, conferences, and meetings | $16,459 |
| Printing and publications | $0 |
| Other expenses | $253,501 |
| Total operating and administrative expenses | $1,350,103 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,350,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $722,216 |
| 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 | $14,326,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $989 |
| Other assets | $36,848,893 |
| Total assets | $102,880,265 |
| Accounts payable and accrued expenses | $335,828 |
| 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 | $324,467 |
| Total liabilities | $660,295 |