Houston Family Foundation
- Assets
- $64.6m
- Revenue
- $1.2m
- Investments
- $64.2m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 10/2006
- Data as of
- 12/2022
- EIN
- 20-3853573
Organization Overview
Houston Family Foundation is located in Sioux Falls, SD. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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 Family 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 12/2022, Houston Family Foundation generated $1.2m 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 (62.6%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Houston Family Foundation has awarded 163 individual grants totaling $12,712,712. 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 |
|---|---|---|---|
Richard Fordiani Trustee | 1 | $15,177 | |
Theodore Giatas Trustee | 1 | $15,177 | |
Dorsey Whitney Trust Company Llc Trustee | 5 | $138,409 | |
James R Houston II Executive Director/president | 40 | $150,177 | |
Jaimi Houston Trustee | 1 | $11,383 | |
David N Rennie Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,231 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,087,791 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$453,517 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $524,278 |
| Total Revenue | $1,163,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $345,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,200 |
| Taxes | $95,038 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40,217 |
| Total operating and administrative expenses | $520,269 |
| Contributions, gifts, grants paid | $3,288,875 |
| Total expenses and disbursements | $3,809,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $340,209 |
| 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 | $5,675,439 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $64,586,050 |
| 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, Houston Family Foundation has awarded $6,577,750 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
HANSON HOUSE FOUNDATION INC PURPOSE: GENERAL OPERATING | $27,500 |
UNITED SERVICE ORGANIZATIONS INC PURPOSE: GENERAL OPERATING | $30,000 |
ASSISTANCE LEAGUE COACHELLA VALLEY PURPOSE: GENERAL OPERATING | $10,000 |
DESERT BEST FRIENDS CLOSET PURPOSE: GENERAL OPERATING | $20,000 |
PUEBLO UNIDO CDC PURPOSE: GENERAL OPERATING | $50,000 |
OLD TOWN ARTISAN STUDIO INC PURPOSE: GENERAL OPERATING | $40,000 |