Southgate Foundation Inc
- Assets
- $1.9m
- Revenue
- $645.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Houston, TX
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 76-0352686
Organization Overview
Southgate Foundation Inc is located in Houston, TX. The organization was established in 1992. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Southgate Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southgate Foundation Inc 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, Southgate Foundation Inc generated $645.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $576.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RELIGIOUS AND EDUCATIONAL SERVICES THROUGH SUCH SPECIFIC PROGRAM ACTIVITIES AS CLASSES IN CHRISTIAN DOCTRINE, SEMINARS ON PROFESSIONAL AND SOCIAL ETHICS, AND OTHER MATTERS OF CULTURAL INTEREST: RETREATS, DAYS OF REFLECTION, LITURGICAL SERVICES, INDIVIDUAL SPIRITUAL AND MORAL COUNSELING, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED PROGRAMS FOR WOMEN AND GIRLS TO PROMOTE OUR MISSION OF BUILDING CHARACTER, STRENGTHENING THE FAMILY, GROWING IN VIRTUE, ETC THROUGH CLASSES, SEMINARS, RETREATS AND THE LIKE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Keefe Director | Trustee | 0.25 | $4,000 |
Kathleen Mcgarry President | OfficerTrustee | 40 | $4,000 |
Denise Brisson Vice President | OfficerTrustee | 0.5 | $0 |
Laura Roman Treasurer | OfficerTrustee | 2 | $0 |
Mary Ellen Cook Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $599,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $599,434 |
| Total Program Service Revenue | $45,460 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $645,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $325,588 |
| Grants and other assistance to domestic individuals. | $13,782 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,680 |
| Payroll taxes | $6,311 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,272 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,985 |
| Advertising and promotion | $0 |
| Office expenses | $2,375 |
| Information technology | $4,229 |
| Royalties | $0 |
| Occupancy | $11,967 |
| Travel | $37,882 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,184 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,000 |
| All other expenses | $2,739 |
| Total functional expenses | $576,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,736 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,911 |
| 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 | $7,813 |
| Net Land, buildings, and equipment | $1,562,592 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,897,052 |
| Accounts payable and accrued expenses | $6,223 |
| Grants payable | $0 |
| Deferred revenue | $114,035 |
| 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 | $152,182 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $272,441 |
| Net assets without donor restrictions | $1,624,611 |
| Net assets with donor restrictions | $0 |
| 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 | $1,897,052 |
Grants Awarded
Over the last fiscal year, Southgate Foundation Inc has awarded $324,687 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ARBORLEA STUDY CENTER PURPOSE: Development | $27,393 |
ROSEMOOR FOUNDATION PURPOSE: Development | $53,163 |
SHERIDAN STUDY CENTER PURPOSE: Development | $87,100 |
SOUTHMORE FOUNDATION PURPOSE: Program Support | $157,031 |