Houston Symphony Endowment
- Assets
- $87.5m
- Revenue
- $3.1m
- Investments
- $31.5m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/2007
- Data as of
- 05/2022
- EIN
- 20-8350227
Organization Overview
Houston Symphony Endowment is located in Houston, TX. The organization was established in 2007. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Symphony Endowment 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 05/2022, Houston Symphony Endowment generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $4.0m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Houston Symphony Endowment has awarded 20 individual grants totaling $36,167,097. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ENDOWMENT'S SOLE PURPOSE IS TO SUPPORT THE OPERATIONS OF THE HOUSTON SYMPHONY SOCIETY.
Describe the Organization's Program Activity:
THE HOUSTON SYMPHONY ENDOWMENT'S SOLE PURPOSE IS TO SUPPORT THE OPERATIONS OF THE HOUSTON SYMPHONY SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Toomey II President | OfficerTrustee | 4 | $0 |
John Mangum Symphony CEO | Officer | 2 | $0 |
Elizabeth Condic CFO | Officer | 2 | $0 |
Lynne Mathre Trustee | Trustee | 2 | $0 |
Scott Wise Trustee | Trustee | 2 | $0 |
Gene Dewhurst Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $459,209 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $459,209 |
| Total Program Service Revenue | $0 |
| Investment income | $981,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,451 |
| Net Rental Income | $55,000 |
| Net Gain/Loss on Asset Sales | $1,559,826 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,071,634 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,803,962 |
| 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 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $230,264 |
| 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 | $4,034,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,752,688 |
| Pledges and grants receivable | $3,565,641 |
| 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 | $480,000 |
| Investments—publicly traded securities | $50,196,574 |
| Investments—other securities | $31,461,207 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $87,456,110 |
| 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 | $5,177 |
| Total liabilities | $5,177 |
| Net assets without donor restrictions | $158,688 |
| Net assets with donor restrictions | $87,292,245 |
| 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 | $87,456,110 |
Grants Awarded
Over the last fiscal year, Houston Symphony Endowment has awarded $3,803,962 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: Support ongoing operations | $3,403,962 |
Houston, TX PURPOSE: Admin & fundraising expenses | $400,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Houston Symphony Endowment has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
C Wayne And Patricia J Miller Foundation Houston, TX PURPOSE: ORCHESTRA PERFORMANCES | $500 |
Endowment Analysis
| Beg. Balance | $90,419,052 |
| Earnings | $376,634 |
| Net Contributions | $459,209 |
| Grants | $3,803,962 |
| Ending Balance | $87,450,933 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Public Media Foundation Houston, TX | $3,722,035 | $15,443,011 |
World War Ii Theatre Inc New Orleans, LA | $71,080,444 | $7,985,731 |
Dallas Symphony Foundation Dallas, TX | $145,117,113 | $12,980,267 |
Fort Worth Art Association Endowment Foundation Fort Worth, TX | $167,745,649 | $12,496,724 |
Oklahoma City National Memorial Foundation Oklahoma City, OK | $43,932,179 | $4,892,726 |
The Hobby Center Foundation Houston, TX | $78,248,185 | $8,249,942 |
Friends Of Oeta Inc Oklahoma City, OK | $52,803,812 | $14,188,991 |
Admiral Nimitz Foundation Fredericksburg, TX | $24,328,747 | $7,231,861 |
Foundation For Excellence In Louisiana Public Broadcasting Baton Rouge, LA | $50,029,430 | $8,763,063 |
Museum Of New Mexico Foundation Santa Fe, NM | $51,964,866 | $8,605,972 |
Houston Symphony Endowment Houston, TX | $87,456,110 | $3,071,634 |
Houston Grand Opera Endowment Inc Houston, TX | $94,842,059 | $24,478,386 |