Houston Marathon Foundation Inc
- Assets
- $195.2k
- Revenue
- $338.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/2007
- Data as of
- 04/2022
- EIN
- 02-0785117
Organization Overview
Houston Marathon Foundation Inc is located in Houston, TX. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public 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. Houston Marathon 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 04/2022, Houston Marathon Foundation Inc generated $338.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $270.4k during the year ending 04/2022. While expenses have increased by 7.4% per year over the past 7 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.
Since 2018, Houston Marathon Foundation Inc has awarded 27 individual grants totaling $496,204. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT RUNNING AS A HEALTHY LIFESTYLE BY PROVIDING FINANCIAL HELP TO LOCAL AND NATIONAL ORGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SUPPORT FOR ATHLETES WITH DISABILITIES - THE HOUSTON MARATHON FOUNDATION IS COMMITTED TO MAKING RUNNING ACCESSIBLE TO ATHLETES OF ALL ABILITIES FOR OPPORTUNITIES TO PARTICIPATE IN RACES AND OTHER PHYSICAL ACTIVITIES.
YOUTH INITIATIVES OF THE HOUSTON MARATHON FOUNDATION PROVIDE GRANTS FOR RUNNING-RELATED PROGRAMS AND SUPPORT INITIATIVES, WHICH INCLUDE AFTER-SCHOOL RUNNING PROGRAMS, WE RUN HOUSTON, COLLEGE SCHOLARSHIPS FOR HIGH SCHOOL STUDENTS, AND HEALTH AND WELLNESS ACTIVITIES.
UNITED STATES ELITE ATHLETE DEVELOPMENT SUPPORT - THE HOUSTON MARATHON FOUNDATION SUPPORTS LOCAL AND NATIONAL PROGRAMS FOR ELITE ATHLETE DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Townes Pressler Vice President | OfficerTrustee | 5 | $0 |
Robert Sawchuk Treasurer | OfficerTrustee | 5 | $0 |
Doug Suell Secretary | OfficerTrustee | 5 | $0 |
Chris Gerow President | OfficerTrustee | 5 | $0 |
Wade Morehead Executive Director | Officer | 10 | $0 |
Charlie Bass Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,450 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $330,759 |
| Noncash contributions included in lines 1a–1f | $87,297 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $338,209 |
| Total Program Service Revenue | $0 |
| Investment income | $1,685 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,021 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $338,873 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| Grants and other assistance to domestic individuals. | $168,613 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,228 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $423 |
| 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 | $86 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $270,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,154 |
| Savings and temporary cash investments | $62,093 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $195,247 |
| 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 | $195,247 |
| 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 | $195,247 |
Grants Awarded
Over the last fiscal year, Houston Marathon Foundation Inc has awarded $100,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Stafford, TX PURPOSE: Aramco Charity winner | $25,000 |
Houston, TX PURPOSE: Chevron Charity winner | $25,000 |
Houston, TX PURPOSE: Chevron Charity winner | $25,000 |
Houston, TX PURPOSE: Chevron Charity winner | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Houston Marathon Foundation Inc has recieved totaling $15,465.
| Awarding Organization | Amount |
|---|---|
W T And Louise J Moran Foundation Houston, TX PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE MISSION. | $10,000 |
Organization Name not Listed PURPOSE: DONATION | | $5,000 |
Houston Endowment Inc Houston, TX PURPOSE: MATCHING GIFT FOR GENERAL OPERATING SUPPORT | $440 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jasper Ridge Charitable Fund Fort Worth, TX | $1,059,804,391 | $51,342,189 |
Communities Foundation Of Oklahoma Inc Oklahoma City, OK | $155,793,943 | $76,729,791 |
W W Caruth Jr Foundation Dallas, TX | $444,705,321 | $32,925,098 |
Dallas Center For The Performing Arts Foundation Inc Dallas, TX | $209,822,251 | $21,963,048 |
Houston Parks Board Houston, TX | $62,239,000 | $18,357,527 |
Fossil Foundation Richardson, TX | $2,468,423 | $514,916 |
Pratham Usa Houston, TX | $25,223,728 | $25,510,214 |
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Amarillo Area Foundation Inc Amarillo, TX | $153,231,166 | $11,027,021 |
University Of North Texas Foundation Inc Denton, TX | $307,856,436 | $18,135,985 |
Soi Dog Houston, TX | $2,898,470 | $10,171,466 |
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |