Houston Independent School District Foundation
- Assets
- $7.1m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Houston, TX
- Founding
- 06/1994
- Data as of
- 06/2021
- EIN
- 76-0424529
Organization Overview
Houston Independent School District Foundation is located in Houston, TX. The organization was established in 1994. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2021, Houston Independent School District Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Independent School District 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 06/2021, Houston Independent School District Foundation generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $5.5m during the year ending 06/2021. While expenses have increased by 26.1% per year over the past 6 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
THE HOUSTON INDEPENDENT SCHOOL DISTRICT (HISD) FOUNDATION SUPPORTS THE HOUSTON INDEPENDENT SCHOOLS DISTRICT'S SCHOOLS AND PROGRAMS. FUNDS RAISED BY THE FOUNDATION PROVIDE RESOURCES TO ADVANCE THE INITIATIVES OF THE DISTRICT'S STRATEGIC DIRECTIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE HISD FOUNDATION SUPPORTS THE HOUSTON INDEPENDENT SCHOOL DISTRICT AND ITS MISSION OF PROVIDING EVERY STUDENT WITH A CONSISTENTLY RIGOROUS EDUCATION IN A SAFE ENVIRONMENT. ESTABLISHED IN 1994, THE HISD FOUNDATION IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION GOVERNED BY A VOLUNTEER BOARD OF DIRECTORS THAT INCLUDES LOCAL BUSINESS, INDUSTRY, AND COMMUNITY LEADERS.THE FOUNDATION WORKS WITH THE SUPERINTENDENT OF SCHOOLS, HISD BOARD OF EDUCATION, AND HOUSTON'S BUSINESS LEADERS AND PHILANTHROPIC COMMUNITY TO RAISE FUNDS FOR THE DISTRICT AND PROVIDE SUPPORT FOR TEACHERS, STUDENTS, AND PARENTS AND BRING OVERALL AWARENESS TO THE DISTRICT'S COMMITMENT TO PROVIDING EVERY STUDENT WITH A QUALITY EDUCATION.THE FOUNDATION SUPPORTS THE DISTRICT AND SCHOOL-BASED PROGRAMS AND INITIATIVES TO INCREASE STUDENT ACADEMIC ACHIEVEMENT, ELIMINATE THE MINORITY ACHIEVEMENT GAP, AND DEVELOP AND RETAIN EFFECTIVE EDUCATORS IN EVERY CLASSROOM.THE FOUNDATION BELIEVES EQUITY, LITERACY, INNOVATION, COLLEGE ACCESS, AND GREAT PEOPLE CAN ENSURE STUDENTS ARE PREPARED FOR COLLEGE AND THE WORKFORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Smith Executive Director | Officer | 40 | $116,769 |
Pamela Baden Secretary To 9/9/20 | OfficerTrustee | 1 | $0 |
Matthew Noll Chair From 6/9/2021 | OfficerTrustee | 1 | $0 |
Gerald Merfish Treasurer | OfficerTrustee | 1 | $0 |
Lina Sabouni Secretary From 9/9/20 | OfficerTrustee | 1 | $0 |
Ore Owodunni Chair To 6/8/2021 | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emerge Fellowship Curriculum Support Programs | 6/29/21 | $1,094,900 |
Testmasters Sat Test Preparation | 6/29/21 | $185,000 |
Breakthrough Houston Curriculum Support Programs | 6/29/21 | $159,371 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $349,452 |
| Related organizations | $0 |
| Government grants | $12,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,483,993 |
| Noncash contributions included in lines 1a–1f | $432,028 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,846,205 |
| Total Program Service Revenue | $0 |
| Investment income | $199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,009 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,838,395 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,954,590 |
| Grants and other assistance to domestic individuals. | $57,501 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,601 |
| Compensation of current officers, directors, key employees. | $97,722 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $69,195 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,000,208 |
| Advertising and promotion | $678 |
| Office expenses | $589,839 |
| Information technology | $268,849 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82,549 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,333 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,512,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,969,731 |
| Savings and temporary cash investments | $601,996 |
| Pledges and grants receivable | $3,505,000 |
| Accounts receivable, net | $0 |
| 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 | $45,518 |
| Net Land, buildings, and equipment | $819 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,123,064 |
| Accounts payable and accrued expenses | $84,486 |
| Grants payable | $0 |
| Deferred revenue | $25,000 |
| 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 | $51,668 |
| Total liabilities | $161,154 |
| Net assets without donor restrictions | $274,551 |
| Net assets with donor restrictions | $6,687,359 |
| 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 | $7,123,064 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Houston Independent School District Foundation has recieved totaling $3,666,908.
| Awarding Organization | Amount |
|---|---|
Houston Endowment Inc Houston, TX PURPOSE: PROJECT SUPPORT TO IMPLEMENT THE EMERGE FELLOWSHIP PROGRAM FOR THE GRADUATING CLASSES OF 2022, 2023, AND 2024 AT HOUSTON ISD | $1,550,000 |
Houston Endowment Inc Houston, TX PURPOSE: PROJECT SUPPORT TO IMPLEMENT THE EMERGE FELLOWSHIP PROGRAM FOR THE GRADUATING CLASSES OF 2022, 2023, AND 2024 AT HOUSTON ISD | $1,000,000 |
Houston Endowment Inc Houston, TX PURPOSE: PROJECT SUPPORT TO IMPLEMENT THE EMERGE FELLOWSHIP PROGRAM FOR THE GRADUATING CLASSES OF 2022, 2023, AND 2024 AT HOUSTON ISD | $450,000 |
Green Mountain Energy Sun Club Princeton, NJ PURPOSE: Raincrete exercise path, solar workstation, water bottle filler station, 2 solar powered charging stations, and bamboo grove for HISDF | $179,664 |
Houston Endowment Inc Houston, TX PURPOSE: PROJECT SUPPORT FOR ENHANCING HISD'S ABILITY TO PROVIDE TARGETED RESOURCES AND PARTNERSHIPS TO SCHOOLS | $175,000 |
Houston Endowment Inc Houston, TX PURPOSE: PROJECT SUPPORT TO DEVELOP DATA SHARING INFRASTRUCTURE BETWEEN HOUSTON INSTITUTES OF HIGHER EDUCATION (IHES) AND SCHOOL DISTRICTS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold E Riley Foundation Fort Worth, TX | $357,850 | $584,984 |
Compass Rose Education Inc San Antonio, TX | $15,459,454 | $19,431,467 |
Three Oclock Project Baton Rouge, LA | $1,930,450 | $18,582,179 |
Athlos Louisiana Terrytown, LA | $4,119,183 | $17,119,142 |
Nmc Inc Los Alamos, NM | $8,318,653 | $11,151,295 |
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |
Joe W & Dorothy Dorsett Brown Foundation Metairie, LA | $122,222,465 | $11,452,057 |
Canfield Family Foundation Austin, TX | $4,029,217 | $166,419 |