Harry E Bovay Jr Foundation
- Assets
- $40.3m
- Revenue
- $2.3m
- Investments
- $37.8m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/1991
- Data as of
- 12/2023
- EIN
- 76-0343221
Organization Overview
Harry E Bovay Jr Foundation is located in Houston, TX. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harry E Bovay Jr 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 12/2023, Harry E Bovay Jr Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 8 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.
Since 2014, Harry E Bovay Jr Foundation has awarded 299 individual grants totaling $17,852,206. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy L Kelly Director | 0 | $9,000 | |
Michael L Patrick Director | 0 | $0 | |
C Ronald Dorchester Director | 0 | $9,000 | |
Edward Naumes Director | 0 | $0 | |
Frances Escriva Director | 0 | $9,000 | |
Carl F Jaedicke Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $34,582 |
| Dividends & Interest | $884,314 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $183,772 |
| Capital Gain Net Income | $183,772 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,071,202 |
| Total Revenue | $2,273,870 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,000 |
| Other employee salaries and wages | $184,485 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,503 |
| Depreciation | $0 |
| Occupancy | $72 |
| Travel, conferences, and meetings | $9,716 |
| Printing and publications | $0 |
| Other expenses | $25,845 |
| Total operating and administrative expenses | $485,254 |
| Contributions, gifts, grants paid | $2,236,430 |
| Total expenses and disbursements | $2,721,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,369,017 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $100,960 |
| 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 | $37,815,093 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,285,070 |
| 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, Harry E Bovay Jr Foundation has awarded $2,236,430 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK WARRIOR COUNCIL PURPOSE: GRANT- TO SUPPORT THE MISSION OF THE ORGANIZATION | $6,000 |
BOVAY SCOUT RANCHSHAC PURPOSE: GRANT - TO SUPPORT THE MISSION OF THE ORGANIZATION | $835,865 |
CHICKASAW COUNCIL PURPOSE: GRANT - TO SUPPORT THE MISSION OF THE ORGANIZATION | $8,610 |
GIRL SCOUTS OF JACINTO PURPOSE: GRANT - TO SUPPORT THE MISSION OF THE ORGANIZATION | $20,000 |
BEVILL STATE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $162,460 |
JAYHAWK AREA COUNCIL PURPOSE: GRANT - TO SUPPORT THE MISSION OF THE ORGANIZATION | $10,000 |