Nabors Charitable Foundation
- Assets
- $21.0m
- Revenue
- $250.0k
- Investments
- $20.8m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 10/2005
- Data as of
- 12/2021
- EIN
- 03-0569199
Organization Overview
Nabors Charitable Foundation is located in Houston, TX. The organization was established in 2005. 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. Nabors Charitable 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, Nabors Charitable Foundation generated $250.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $287.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 4 years. 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
EDUCATIONAL GRANTS TO INDIVIDUALS SELECTED BY THE FOUNDATION'S BOARD OF DIRECTORS
RELIEF, SUPPORT, AND ASSISTANCE TO VICTIMS AND THEIR FAMILY MEMBERS OF NATURAL AND CIVIL DISASTERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Rasmuson Svp/cco/secretary | 0 | $0 | |
Stephen Kaufman Member | 0 | $0 | |
Juan Manuel Sanchez Member | 0 | $0 | |
Clark Wood Treasurer | 0 | $0 | |
Carina Lovato Member | 0 | $0 | |
William Macauley Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $250,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,583 |
| Total operating and administrative expenses | $3,583 |
| Contributions, gifts, grants paid | $283,500 |
| Total expenses and disbursements | $287,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,764 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,984,764 |
| 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, Nabors Charitable Foundation has awarded $283,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STUDENT GRANTS PURPOSE: STUDENT GRANTS - FURTHER DETAILS ATTACHED | $268,500 |
DISASTER RELIEF PURPOSE: DISASTER RELEIF - FURTHER DETAILS ATTACHED | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold Hamm Foundation Oklahoma City, OK | $15,100,240 | $36,211,204 |
Hildebrand Foundation Houston, TX | $114,322,883 | $23,614,226 |
Carl A Davis And Lois E Davis Foundation Houston, TX | $0 | $544,470 |
Hirsch Family Foundation Dallas, TX | $52,981,348 | $34,969,949 |
Entergy Charitable Foundation New Orleans, LA | $10,718,766 | $2,697,786 |
Smith Family Foundation Austin, TX | $2,063,167 | $8,401,265 |
Nancy Smith Hurd Foundation Tr San Antonio, TX | $73,883,656 | $7,181,888 |
Santander Consumer Usa Inc Foundation Dallas, TX | $61,196,374 | $60,000,000 |
Hal & Charlie Peterson Foundation Kerrville, TX | $63,600,144 | $3,895,944 |
Boone Family Foundation Dallas, TX | $0 | $1,805,045 |
William A Brookshire Foundation Lakeway, TX | $44,188,133 | $14,237,408 |
Con Alma Health Foundation Santa Fe, NM | $33,283,264 | $4,439,981 |