Nancy And Clive Runnells Foundation
- Assets
- $5.0m
- Revenue
- $161.7k
- Investments
- $4.9m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/1999
- Data as of
- 12/2023
- EIN
- 76-0608321
Organization Overview
Nancy And Clive Runnells Foundation is located in Houston, TX. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Nancy And Clive Runnells 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, Nancy And Clive Runnells Foundation generated $161.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $467.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Nancy And Clive Runnells Foundation has awarded 179 individual grants totaling $3,233,021. 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 |
|---|---|---|---|
Kathryn Watts Smyth President & Director | 0.25 | $0 | |
John R Pitts Vice President & Director | 0.25 | $0 | |
Jeffrey Firestone Treasurer & Director | 0.25 | $0 | |
Patti Young Assistant Secretary & Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $182,744 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$44,459 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,381 |
| Total Revenue | $161,666 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,228 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,988 |
| Total operating and administrative expenses | $92,864 |
| Contributions, gifts, grants paid | $375,000 |
| Total expenses and disbursements | $467,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,062 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,853 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,017,568 |
| 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, Nancy And Clive Runnells Foundation has awarded $375,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BARBARA BUSH HOUSTON LITERACY FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $15,000 |
HOUSTON ARBORETUM PURPOSE: GENERAL CHARITABLE PURPOSES | $25,000 |
GLENWOOD CEMETERY PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
HOUSTON AUDUBON SOCIETY INC PURPOSE: GENERAL CHARITABLE PURPOSES | $25,000 |
IEDUCATE USA PURPOSE: GENERAL CHARITABLE PURPOSES | $25,000 |
PROUNITAS PURPOSE: GENERAL CHARITABLE PURPOSES | $15,000 |