Robert R And Kay M Onstead Foundation
- Assets
- $30.8m
- Revenue
- $3.4m
- Investments
- $29.4m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 76-0417998
Organization Overview
Robert R And Kay M Onstead Foundation is located in Houston, TX. The organization was established in 1994. 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. Robert R And Kay M Onstead 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, Robert R And Kay M Onstead Foundation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 8.0% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay M Onstead Pres. & Trustee | 0.5 | $0 | |
Charles M Onstead Vp,sec.,tres.&trust. | 0.5 | $0 | |
Ann Onstead Hill Trustee | 0.5 | $0 | |
R Randall Onstead Jr Trustee | 0.5 | $0 | |
Mary Onstead Trustee | 0.5 | $0 | |
Lee E Straus Ex. Dir. Asst. Sec. | 4 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $189 |
| Dividends & Interest | $598,794 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,876,705 |
| Capital Gain Net Income | $1,876,705 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$48,979 |
| Total Revenue | $3,426,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $73,697 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,024 |
| Total operating and administrative expenses | $217,335 |
| Contributions, gifts, grants paid | $2,161,330 |
| Total expenses and disbursements | $2,378,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,372,552 |
| 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 | $7,470,112 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,776,791 |
| 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, Robert R And Kay M Onstead Foundation has awarded $0 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UT MD ANDERSON CANCER CENTER PURPOSE: EDUCATION | $0 |
TEXAS CHILDREN'S HOSPITAL PURPOSE: EDUCATION | $0 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: EDUCATION | $0 |