Houston Cougars Foundation Inc
- Assets
- $3.6m
- Revenue
- $253.1k
- Investments
- $3.4m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 06/1997
- Data as of
- 08/2022
- EIN
- 76-0489432
Organization Overview
Houston Cougars Foundation Inc is located in Houston, TX. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Cougars 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 08/2022, Houston Cougars Foundation Inc generated $253.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $64.9k during the year ending 08/2022. 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
AS A SUPPORT ORGANIZATION FOR THE UNIVERSITY OF HOUSTON, THE FOUNDATION PROMOTES EDUCATION THROUGH ATHLETICS, HELPS THE UNIVERSITY OF HOUSTON DEPARTMENT OF INTERCOLLEGIATE ATHLETICS ATTAIN FISCAL STABILITY, HELPS TO ATTAIN A REDUCTION IN THE ATHLETICS BUDGET SUBSIDY BY THE UNIVERSITY, PROMOTES RECOGNITION OF FORMER STUDENT-ATHLETES AND PROMOTES FUTURE PARTICIPATION IN THE UNIVERSITY OF HOUSTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED THE UNIVERSITY OF HOUSTON ATHLETICS DEPARTMENT BY GRANTING FUNDS TO ASSIST THE COLLEGIATE ATHLETICS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Les Haulbrook Treasurer | Officer | 5 | $0 |
Matthew Houston President | Officer | 5 | $0 |
Kevin Bates Director | Trustee | 2 | $0 |
Steve Saxenian Director | Trustee | 2 | $0 |
Scott Zamir Director | Trustee | 2 | $0 |
Thomas Ebner Director | Trustee | 2 | $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 | $1,659 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,659 |
| Total Program Service Revenue | $0 |
| Investment income | $74,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $159,917 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,593 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,650 |
| Fees for services: Other | $10,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $64,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,429 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,444,390 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,595,819 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,408,544 |
| Net assets with donor restrictions | $187,275 |
| 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 | $3,595,819 |
Grants Awarded
Over the last fiscal year, Houston Cougars Foundation Inc has awarded $10,589,474 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF HOUSTON ATHLETICS | | | $5,288,199 |
UNIVERSITY OF HOUSTON ATHLETICS | | | $5,288,199 |
UNIVERSITY OF HOUSTON ATHLETICS PURPOSE: SCHOLARSHIP | $6,538 |
UNIVERSITY OF HOUSTON ATHLETICS PURPOSE: SCHOLARSHIP | $6,538 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Houston Cougars Foundation Inc has recieved totaling $65.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
Endowment Analysis
| Beg. Balance | $219,847 |
| Earnings | -$32,572 |
| Ending Balance | $187,275 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Athletic Conference Arlington, TX | $8,277,320 | $9,099,904 |
Texas Association For Health Physical Education Recreation & Round Rock, TX | $119,110 | $649,644 |
Carroll Athletic Booster Club Southlake, TX | $132,287 | $529,083 |
Lamar Athletic Booster Club Houston, TX | $210,281 | $471,246 |
New Mexico High School Rodeo Association Portales, NM | $207,467 | $500,131 |
Clements High School Athletic Booster Club Inc Sugar Land, TX | $132,813 | $94,204 |
The Woodlands High School Golf Booster Club The Woodlands, TX | $47,603 | $0 |
Houston Cougars Foundation Inc Houston, TX | $3,595,819 | $253,061 |
Petrochemical Athletic Association Inc Lake Charles, LA | $24,267 | $0 |
Marcus High School Basketball Booster Club Flower Mound, TX | $53,625 | $0 |