Houston Family Foundation
- Assets
- $67.9m
- Revenue
- $5.4m
- Investments
- $66.8m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 10/2006
- Data as of
- 12/2021
- 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 12/2021, Houston Family Foundation generated $5.4m in total revenue. All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 41.5% per year over the past 4 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 2019, Houston Family Foundation has awarded 63 individual grants totaling $6,134,962. 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 |
|---|---|---|---|
James R Houston II Executive Director/president | 40 | $149,128 | |
Dorsey Whitney Trust Company Llc Trustee | 5 | $137,510 | |
Richard Fordiani Trustee | 1 | $14,128 | |
Theodore Giatas Trustee | 1 | $14,128 | |
Tamara E Hair Trustee | 1 | $14,128 | |
Jaimi Houston Trustee | 1 | $10,596 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,821,858 |
| Interest on Savings | $0 |
| Dividends & Interest | $952,786 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,180,002 |
| Capital Gain Net Income | $1,180,002 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $403,379 |
| Total Revenue | $5,358,025 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $339,618 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $46,887 |
| Taxes | $63,974 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $874,222 |
| Total operating and administrative expenses | $1,906,499 |
| Contributions, gifts, grants paid | $571,200 |
| Total expenses and disbursements | $2,477,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,135,382 |
| 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 | $11,675,439 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $67,944,626 |
| 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 $571,200 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Palm Springs, CA PURPOSE: GENERAL OPERATING FUND | $200,000 |
BOYS & GIRLS CLUBS OF COACHELLA VALLEY PURPOSE: GENERAL FUND | $65,000 |
Palm Springs, CA PURPOSE: GENERAL OPERATING | $65,000 |
Rancho Mirage, CA PURPOSE: COVID-19 RESPONSE FUND & | $50,000 |
FOOD IN NEED OF DISTRIBUTION INC PURPOSE: GENERAL FUND | $50,000 |
Seattle, WA PURPOSE: GENERAL FUND | $35,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Hirschfeld Family Foundation Inc Kearney, NE | $102,299,062 | $1,701,092 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |
Aegon Transamerica Foundation Cedar Rapids, IA | $190,245,485 | $26,330,387 |
Acklie Charitable Foundation Lincoln, NE | $0 | $4,995,097 |
Gianforte Fam Charitable Tr Bozeman, MT | $232,267,609 | $12,872,148 |