Strake Foundation
- Assets
- $30.8m
- Revenue
- $10.7m
- Investments
- $28.0m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 02/1983
- Data as of
- 12/2021
- EIN
- 76-0041524
Organization Overview
Strake Foundation is located in Houston, TX. The organization was established in 1983. 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. Strake 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 12/2021, Strake Foundation generated $10.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 53.0% each year . All expenses for the organization totaled $3.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Strake Foundation has awarded 1,346 individual grants totaling $18,452,425. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
233 GRANTS TO VARIOUS CHURCHES, SCHOOLS AND OTHER NONPROFIT CAUSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall K Woodruff Exec Dir | 32 | $142,800 | |
George W Strake Jr President/treasurer | 5 | $30,000 | |
Diana D Hoover Vice President | 2 | $4,500 | |
Robert S Parsley Secretary | 2 | $4,500 | |
Melanie S Meeks Director | 2 | $4,500 | |
Eleanor Magee Director | 2 | $3,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Financial Services | 12/30/22 | $104,392 |
Americana Partners | 12/30/22 | $101,872 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $124 |
| Dividends & Interest | $1,308,202 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,208,053 |
| Capital Gain Net Income | $8,208,053 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,154,401 |
| Total Revenue | $10,670,780 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $234,676 |
| Other employee salaries and wages | $71,447 |
| Pension plans, employee benefits | $80,192 |
| Interest | $0 |
| Taxes | $8,477 |
| Depreciation | $344 |
| Occupancy | $59,828 |
| Travel, conferences, and meetings | $1,407 |
| Printing and publications | $0 |
| Other expenses | $76,617 |
| Total operating and administrative expenses | $729,758 |
| Contributions, gifts, grants paid | $2,803,150 |
| Total expenses and disbursements | $3,532,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,709,709 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,262,825 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $37,946 |
| Total assets | $30,784,351 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Strake Foundation has awarded $3,407,425 in support to 228 organizations.
| Grant Recipient | Amount |
|---|---|
29 ACRES PURPOSE: COMPREHENSIVE SUPPORT SERVICES FOR ADULTAUTISM IN NORTH TEXAS | $5,000 |
AID TO VICTIMS OF DOMESTIC ABUSE PURPOSE: SUPPORT FOR AVDAS HONORING TEXAS VICTIMSDINNER | $5,000 |
ALLEY THEATRE PURPOSE: ALLEY THEATRE 2022-2023 SEASON | $7,500 |
AMAZING PLACE PURPOSE: AMAZING PLACE CELEBRATION DINNER - UNDERWRITER | $10,000 |
ALLIANCE FOR CHOICE IN EDUCATION PURPOSE: CATHOLIC HIGH SCHOOL SCHOLARSHIPS | $10,000 |
AMERICA FIRST LEGAL FOUNDATION PURPOSE: SUPPORTING AMERICA FIRST LEGAL FOUNDATION | $10,000 |