Houston Symphony Endowment
- Assets
- $86.5m
- Revenue
- $5.1m
- Investments
- $30.5m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/2007
- Data as of
- 05/2023
- 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 05/2023, Houston Symphony Endowment generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $4.5m during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Houston Symphony Endowment has awarded 16 individual grants totaling $29,722,483. 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
2023
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 |
|---|---|---|---|
James Lee President | OfficerTrustee | 0.5 | $0 |
William Dee Hunt Trustee | Trustee | 0.5 | $0 |
David Krieger Trustee | Trustee | 0.5 | $0 |
Lynne Mathre Trustee | Trustee | 0.5 | $0 |
Jerome Simon Trustee | Trustee | 0.5 | $0 |
Scott Wise Trustee | Trustee | 0.5 | $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 | $3,382,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,382,449 |
| Total Program Service Revenue | $0 |
| Investment income | $1,222,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22,331 |
| Net Rental Income | $65,000 |
| Net Gain/Loss on Asset Sales | $421,530 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,113,564 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,159,432 |
| 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 | $341,544 |
| 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 | $4,500,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,264,790 |
| Pledges and grants receivable | $4,950,079 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,999,422 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $480,000 |
| Investments—publicly traded securities | $45,271,583 |
| Investments—other securities | $30,488,748 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,200 |
| Total assets | $86,515,822 |
| 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 | $187,160 |
| Net assets with donor restrictions | $86,328,662 |
| 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 | $86,515,822 |
Grants Awarded
Over the last fiscal year, Houston Symphony Endowment has awarded $4,159,432 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSTON SYMPHONY SOCIETY PURPOSE: Support ongoing operations | $3,809,565 |
HOUSTON SYMPHONY SOCIETY PURPOSE: Admin & fundraising expenses | $349,867 |