Greater Houston Partnership Inc
- Assets
- $23.0m
- Revenue
- $19.7m
- Investments
- $0.0
- Employees
- 99
- Location
- Houston, TX
- Founding
- 07/1990
- Data as of
- 12/2021
- EIN
- 76-0267896
Organization Overview
Greater Houston Partnership Inc is located in Houston, TX. The organization was established in 1990. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Greater Houston Partnership Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Houston Partnership Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Greater Houston Partnership Inc generated $19.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $18.2m during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A MEMBER-BASED ORGANIZATION THAT WORKS WITH AND ON BEHALF OF THE REGION'S BUSINESS COMMUNITY TO MAKE HOUSTON ONE OF THE WORLD'S BEST PLACES TO LIVE, WORK, AND BUILD BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS MEMBERSHIP, GREATER HOUSTON PARTNERSHIP REPRESENTS THE INTERESTS OF THE 12 COUNTY HOUSTON REGION WITH OVER 1,300 MEMBERS PARTICIPATING IN COMMITTEES, TASK FORCES AND INITIATIVES, REPRESENTING MORE THAN 900 MEMBER COMPANIES. DURING 2021, OVER 68 EVENTS AND WEBINAR SERIES WERE HOSTED; ENJOYED BY OVER 14,130 PARTICIPANTS.
THE PARTNERSHIP PROMOTES THE HOUSTON REGION ACROSS THE COUNTRY AND AROUND THE GLOBE. IN 2021, THE GREATER HOUSTON PARTNERSHIP'S ECONOMIC DEVELOPMENT TEAM AND ITS REGIONAL ALLIES ASSISTED IN 26 ECONOMIC DEVELOPMENT PROJECTS, ACCOUNTING FOR OVER $922 MILLION IN CAPITAL EXPENDITURE AND OVER 2,900 NEW JOBS TO THE REGION. THE PARTNERSHIP'S INTERNATIONAL INVESTMENT AND TRADE ACTIVITIES IN 2021 INCLUDED HOSTING MORE THAN 49 INBOUND DELEGATIONS FROM 21 COUNTRIES TO FURTHER GROW THE REGION'S INTERNATIONAL TIES. DESPITE TRAVEL RESTRICTIONS, THE PARTNERSHIP CONTINUED TO HOST KEY VISITS WITH OUR PARTNERS AROUND THE GLOBE VIRTUALLY.
THE PARTNERSHIP WORKS WITH AND ON BEHALF OF OUR MEMBERS TO IDENTIFY AND SUPPORT PRO-GROWTH, PRO-BUSINESS POLICIES THAT PROMOTE ECONOMIC DEVELOPMENT AND ENHANCE THE QUALITY OF LIFE THROUGHOUT THE HOUSTON REGION. THROUGHOUT THE 87TH TEXAS LEGISLATIVE SESSION, THE PARTNERSHIP SUPPORTED POLICIES RELATED TO EQUITABLE ACCESS TO THE INSTITUTIONS THAT POWER A STRONG, DIVERSE ECONOMY AND CREATE TRUE OPPORTUNITY FOR ALL INCLUDING EDUCATION, DIGITAL CONNECTIVITY AND HEALTH CARE. SEVERAL BILLS THAT ADVANCE THE FUNDING, ACCESS AND QUALITY OF THESE INSTITUTIONS WERE SIGNED INTO LAW AND WILL ENHANCE OPPORTUNITY AND QUALITY OF LIFE FOR MILLIONS OF STUDENTS AND RESIDENTS ACROSS TEXAS. HIGHLIGHTS INCLUDE: STATE BUDGET (SENATE BILL 1) - $3.1 BILLION INCREASE IN STATE FUNDING FOR PUBLIC SCHOOLS, FULLY COVERING THE COST OF ENROLLMENT GROWTH OVER THE NEXT TWO YEARS. SENATE BILL 1102 - ESTABLISHES THE TEXAS RESKILLING AND UPSKILLING THROUGH EDUCATION (TRUE) PROGRAM DESIGNED TO PUT TEXANS BACK TO WORK IN HIGH-DEMAND OCCUPATIONS POST-PANDEMIC AND ACCELERATES THE ABILITY FOR COLLABORATION BETWEEN HIGHER EDUCATION AND BUSINESS PARTNERS TO PROVIDE TRAINING PROGRAMS AND CREDENTIALS FOR DISPLACED AND UNDEREMPLOYED WORKERS. HOUSE BILL 3767 - ESTABLISHES THE TRI-AGENCY WORKFORCE INITIATIVE, STRENGTHENING THE CURRENT WORK OF THE TEXAS EDUCATION AGENCY, TEXAS HIGHER EDUCATION COORDINATING BOARD AND TEXAS WORKFORCE COMMISSION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Harvey President And CEO | OfficerTrustee | 40 | $709,333 |
Taylor Landin SVP Public Policy | Officer | 40 | $313,839 |
Susan Davenport SVP Economic Development | Officer | 40 | $309,690 |
Peter L Beard SVP Workforce Development | 40 | $258,373 | |
Katharine Pryor SVP Member Engagement | Officer | 40 | $255,853 |
Geraldine Richards Sr Vice President And CFO | Officer | 40 | $235,528 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Insperity Personnel Mgmt Svcs | 12/30/21 | $196,045 |
Ergos Technology Partners Manage Software | 12/30/21 | $128,624 |
Dci Development Counsellors Public Relations | 12/30/21 | $297,539 |
Clout Public Affairs Advertising Services | 12/30/21 | $436,713 |
Ward Ames Event Management | 12/30/21 | $294,160 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,376,552 |
| Government grants | $3,017,302 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,970,598 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,364,452 |
| Total Program Service Revenue | $11,073,116 |
| Investment income | $67,136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $187,143 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,728,312 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $300,000 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,930,597 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,341,865 |
| Pension plan accruals and contributions | $389,528 |
| Other employee benefits | $824,454 |
| Payroll taxes | $653,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,247 |
| Fees for services: Accounting | $63,482 |
| Fees for services: Lobbying | $288,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,377 |
| Fees for services: Other | $694,288 |
| Advertising and promotion | $1,034,893 |
| Office expenses | $151,286 |
| Information technology | $713,288 |
| Royalties | $0 |
| Occupancy | $1,678,980 |
| Travel | $98,902 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $155,169 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $501,549 |
| Insurance | $44,914 |
| All other expenses | $84,417 |
| Total functional expenses | $18,225,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,385,587 |
| Savings and temporary cash investments | $3,128,134 |
| Pledges and grants receivable | $7,002,434 |
| Accounts receivable, net | $1,250,464 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $294,898 |
| Net Land, buildings, and equipment | $3,614,588 |
| Investments—publicly traded securities | $2,050,240 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $236,375 |
| Total assets | $22,962,720 |
| Accounts payable and accrued expenses | $1,654,970 |
| Grants payable | $0 |
| Deferred revenue | $4,036,287 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,691,257 |
| Net assets without donor restrictions | $7,575,537 |
| Net assets with donor restrictions | $9,695,926 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,962,720 |
Grants Awarded
Over the last fiscal year, Greater Houston Partnership Inc has awarded $300,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Sacramento, CA PURPOSE: SEE PART IV | $200,000 |
Houston, TX PURPOSE: Energy Transition | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Greater Houston Partnership Inc has recieved totaling $485,000.
| Awarding Organization | Amount |
|---|---|
Texas Medical Center Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $200,000 |
United Way Of Greater Houston Houston, TX PURPOSE: Rebuilding lives - THRIVE | $150,000 |
United Way Of Greater Houston Houston, TX PURPOSE: Families and neighborhoods | $100,000 |
Fwd Us Inc Washington, DC PURPOSE: IMMIGRATION ADVOCACY GRANT | $20,000 |
The Methodist Hospital Houston, TX PURPOSE: CONVENING RESOURCES TO ADDRESS COMMUNITY NEEDS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lloyds Register North America Inc Houston, TX | $53,290,945 | $33,311,416 |
Louisiana Ambulance Alliance Inc Napoleonville, LA | $5,578,332 | $30,543,889 |
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
Dallas Regional Chamber Dallas, TX | $15,269,996 | $9,505,789 |
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |