Houston Geological Society Foundation
- Assets
- $570.9k
- Revenue
- $11.6k
- Investments
- $497.6k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/1985
- Data as of
- 06/2023
- EIN
- 76-0138744
Organization Overview
Houston Geological Society Foundation is located in Houston, TX. The organization was established in 1985. 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. Houston Geological Society 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 06/2023, Houston Geological Society Foundation generated $11.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $36.9k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Houston Geological Society Foundation has awarded 59 individual grants totaling $207,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HGS UNDERGRADUATE FUND GIVES SCHOLARSHIPS TO STUDENTS STUDYING FOR A BACHELOR'S DEGREE IN GEOSCIENCE. SEVEN UNIVERSITIES CURRENTLY PARTICIPATE IN THE FOUNDATION'S SCHOLARSHIP PROGRAM. THESE INCLUDE RICE UNIVERSITY, THE UNIVERSITY OF HOUSTON, TEXAS A&M UNIVERSITY, THE UNIVERSITY OF TEXAS, SAM HOUSTON STATE UNIVERSITY, STEPHEN F. AUSTIN STATE UNIVERSITY, AND LAMAR UNIVERSITY. SCHOLARSHIP RECIPIENTS ARE NOMINATED BY EACH UNIVERSITY AND SELECTED BY THE FOUNDATION'S BOARD. EIGHT SCHOLARSHIPS WERE AWARDED DURING THE 2022-2023 YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Lynch Chair | 2 | $0 | |
Angela Hammond Treasurer | 2 | $0 | |
Shannon Lemke Secretary | 1 | $0 | |
Paul Hoffman Director | 0.5 | $0 | |
Scott Krueger Director | 0.5 | $0 | |
Kirstin Burns Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,416 |
| Interest on Savings | $7 |
| Dividends & Interest | $12,294 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,088 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,629 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $182 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,923 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $36,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,984 |
| Savings and temporary cash investments | $65,292 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $570,893 |
| 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, Houston Geological Society Foundation has awarded $30,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SOPHIA LAYMAN PURPOSE: SCHOLARSHIP TO SAM HOUSTON STATE UNIVERSITY | $3,500 |
JAMESON HAMPTON PURPOSE: SCHOLARSHIP TO THE UNIVERSITY OF HOUSTON | $3,500 |
MATT PARKER PURPOSE: SCHOLARSHIP TO STEPHEN F AUSTIN STATE UNIVERSITY | $3,500 |
ABIGAIL HUGHES PURPOSE: SCHOLARSHIP TO LAMAR UNIVERSITY | $4,000 |
CHRISTOPHER G WOODS PURPOSE: SCHOLARSHIP TO LAMAR UNIVERSITY | $3,500 |
NIKHIL PUNITHAN PURPOSE: SCHOLARSHIP TO TEXAS A&M UNIVERSITY | $3,500 |