The Powell Foundation
- Assets
- $372.8m
- Revenue
- $35.5m
- Investments
- $369.3m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/1999
- Data as of
- 12/2022
- EIN
- 74-6104592
Organization Overview
The Powell Foundation is located in Houston, TX. The organization was established in 1999. 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. Powell 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, Powell Foundation generated $35.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $22.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Powell Foundation has awarded 581 individual grants totaling $38,262,205. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIBBS-POWELL HOUSE: PRESERVING A LOCAL HISTORIC LANDMARK, PROVIDING OPPORTUNITIES FOR EDUCATION REGARDING WALKER COUNTY'S HISTORY, AND MAKING THE LANDMARK OPEN TO THE PUBLIC. THE GIBBS-POWELL HOUSE IS LEASED TO WALKER COUNTY AND IS MANAGED AND OPERATED BY THE WALKER COUNTY HISTORICAL COMMISSION AS THE GIBBS-POWELL HOUSE AND WALKER COUNTY MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eleisha Nelson-Reed Executive Director | 40 | $208,221 | |
Anne Kuo Phan Controller | 40 | $112,079 | |
Nicole Moore-Kriel Program Officer | 40 | $85,795 | |
Angel Harvey King Program Officer | 40 | $84,607 | |
Katherine Osborne Valdez Board President/director | 20 | $82,068 | |
Kate A Shannon Sr. Manager Grants A | 40 | $67,042 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fayez Sarofim & Co | 12/30/21 | $727,671 |
Denise Smith Consulting Llc | 12/30/21 | $78,930 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $470,000 |
| Interest on Savings | $41,001 |
| Dividends & Interest | $6,486,330 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,542,903 |
| Capital Gain Net Income | $28,542,903 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,540,234 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $82,068 |
| Other employee salaries and wages | $704,427 |
| Pension plans, employee benefits | $242,075 |
| Interest | $0 |
| Taxes | $585,401 |
| Depreciation | $0 |
| Occupancy | $105,062 |
| Travel, conferences, and meetings | $65,523 |
| Printing and publications | $0 |
| Other expenses | $50,243 |
| Total operating and administrative expenses | $2,660,144 |
| Contributions, gifts, grants paid | $19,984,422 |
| Total expenses and disbursements | $22,644,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $780,477 |
| Savings and temporary cash investments | $2,142,613 |
| 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 | $36,525 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $470,000 |
| Other assets | $0 |
| Total assets | $372,755,906 |
| Accounts payable and accrued expenses | $46,470 |
| Grants payable | $1,120,000 |
| 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 | $1,166,470 |
Grants Awarded
Over the last fiscal year, The Powell Foundation has awarded $20,734,422 in support to 305 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: EARLY CHILDHOOD DEVELOPMENT AND EDUCATION: QUALITY EARLY LEARNING CENTERS AND PROVIDERS | $1,016,916 |
AVANCE INC PURPOSE: EARLY CHILDHOOD DEVELOPMENT AND EDUCATION: PARENT, FAMILY, AND CAREGIVER SUPPORT | $974,456 |
UTEACH INSTITUTE CO UNIVERSITY OF TEXAS FOUNDATION PURPOSE: QUALITY K-12 PUBLIC SCHOOLS: EXCELLENT EDUCATOR INITIATIVES | $802,166 |
AUSTIN PARKS FOUNDATION PURPOSE: CONSERVATION: COMMUNITY ACCESS TO PARKS AND URBAN GREENSPACES | $503,085 |
Austin, TX PURPOSE: CONSERVATION: ENVIRONMENTAL PROTECTION EFFORTS | $491,527 |
Houston, TX PURPOSE: QUALITY K-12 PUBLIC SCHOOLS: QUALITY SCHOOLS AND INNOVATIVE SCHOOL MODELS | $400,000 |
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 |