Greater Houston Community Foundation
- Assets
- $11.5m
- Revenue
- $5.9k
- Investments
- $10.6m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/2017
- Data as of
- 12/2021
- EIN
- 20-2984875
Organization Overview
Greater Houston Community Foundation is located in Houston, TX. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Greater Houston Community 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, Greater Houston Community Foundation generated $5.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Greater Houston Community Foundation has awarded 90 individual grants totaling $7,915,338. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT FOR 501(C)(3) ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRANK LIU JR. FOUNDATION DONATED $480,668 TO VARIOUS TAX EXEMPT ORGANIZATIONS DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Liu President/director | OfficerTrustee | 0 | $0 |
Cindy Liu Secretary/director | OfficerTrustee | 0 | $0 |
Kirby Liu Vice-President/director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,011 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,867 |
| Statement of Expenses | |
|---|---|
| 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 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 | $18,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $791 |
| Fees for services: Other | $0 |
| 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 | $2,118,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $273,550 |
| 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 |
| Investments—publicly traded securities | $645,843 |
| Investments—other securities | $10,575,564 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,494,957 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $11,494,957 |
Grants Awarded
Over the last fiscal year, Greater Houston Community Foundation has awarded $470,668 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
WILLIAM MARSH RICE UNIVERSITY PURPOSE: EDUCATION-HIGHER EDUCATION | $306,668 |
UTAH STATE UNIVERSITY PURPOSE: EDUCATIONAL | $80,000 |
TREES FOR HOUSTON PURPOSE: ENVIRONMENT-ENVIRONMENTAL BEAUTIFICATION | $50,000 |
UNIVERSITY OF CONNECTICUT FOUNDATION INCORPORATED PURPOSE: EDUCATION-SINGLE ORGANIZATION SUPPORT | $14,000 |
METHODIST HOSPITAL FOUNDATION PURPOSE: HEALTH CARE-HOSPITALS | $10,000 |
CHINESE COMMUNITY CENTER INC PURPOSE: HUMAN SERVICES-PERSONAL SOCIAL SERVICES | $10,000 |