Greater Houston Community Foundation
- Assets
- $1.3b
- Revenue
- $567.2m
- Investments
- $209.8m
- Employees
- 49
- Location
- Houston, TX
- Founding
- 12/2017
- Data as of
- 12/2021
- EIN
- 23-7160400
Organization Overview
Greater Houston Community Foundation is located in Houston, TX. The organization was established in 2017. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Greater Houston Community Foundation employed 49 individuals. This organization is a parent organization of 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 $567.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $184.8m during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 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 2014, Greater Houston Community Foundation has awarded 22,560 individual grants totaling $829,022,535. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GREATER HOUSTON COMMUNITY FOUNDATION IS EXPANDING PHILANTHROPIC IMPACT BY CONNECTING DONORS TO THE CAUSES THEY CARE ABOUT, PROVIDING EXCELLENT STEWARDSHIP OF ASSETS ENTRUSTED TO US, AND CONVENING RESOURCES TO ADDRESS IMPORTANT COMMUNITY NEEDS.
Describe the Organization's Program Activity:
PUBLIC BENEFIT:DISBURSED 1,277 GRANTS TO VARIOUS ORGANIZATIONS TO SUPPORT HUMAN SERVICE PROGRAMS AND ORGANIZATIONS SERVING COMMUNITY NEEDS.
HUMAN SERVICES:DISBURSED 3,088 GRANTS TO VARIOUS ORGANIZATIONS TO SUPPORT SCHOLARSHIP PROGRAMS, EDUCATIONAL INSTITUTIONS AND OTHER CURRICULUM.
EDUCATIONAL:DISBURSED 2,165 GRANTS TO VARIOUS ORGANIZATIONS THAT SUPPORT RELIGIOUS PROGRAMS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen D Maislin President & CEO | Officer | 40 | $496,586 |
Michael D Pawson Secretary & CFO | Officer | 40 | $267,530 |
Renee Wizig-Barrios Sr. Vice President & Chief | Officer | 40 | $238,062 |
Rebecca A Hove Managing Director Of Strat | Officer | 40 | $202,226 |
Jennifer Touchet VP Of Personal & Family Philanthropy | Officer | 40 | $189,358 |
Edwin C Padar Treasurer & Controller | Officer | 40 | $181,561 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ldr Advisory Services Llc Consulting | 12/30/21 | $872,500 |
Ssc V Lp Rent | 12/30/21 | $613,556 |
B & H Foto & Electronics Corp Career Development Support | 12/30/21 | $112,490 |
Deutser Llc Marketing Consulting | 12/30/21 | $108,177 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,556 |
| Related organizations | $270,800 |
| Government grants | $714,583 |
| All other contributions, gifts, grants, and similar amounts not included above | $535,399,184 |
| Noncash contributions included in lines 1a–1f | $86,347,639 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,419,123 |
| Total Program Service Revenue | $1,394,872 |
| Investment income | $15,622,097 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,752,463 |
| Net Income from Fundraising Events | -$21,632 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $567,166,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $163,206,365 |
| Grants and other assistance to domestic individuals. | $4,249,475 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,723,288 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,383,630 |
| Compensation of current officers, directors, key employees. | $1,074,867 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,880,563 |
| Pension plan accruals and contributions | $126,031 |
| Other employee benefits | $374,814 |
| Payroll taxes | $360,688 |
| Fees for services: Management | $580,182 |
| Fees for services: Legal | $15,416 |
| Fees for services: Accounting | $110,969 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,370,946 |
| Fees for services: Other | $2,529,029 |
| Advertising and promotion | $47,527 |
| Office expenses | $597,613 |
| Information technology | $1,073,417 |
| Royalties | $0 |
| Occupancy | $614,367 |
| Travel | $19,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,088 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,359 |
| Insurance | $61,409 |
| All other expenses | $3,466 |
| Total functional expenses | $184,810,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $480,637,937 |
| Pledges and grants receivable | $339,304 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,091,753 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $770,214 |
| Net Land, buildings, and equipment | $330,428 |
| Investments—publicly traded securities | $575,833,142 |
| Investments—other securities | $209,785,730 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,277,788,508 |
| Accounts payable and accrued expenses | $2,957,557 |
| Grants payable | $9,861,866 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,371,942 |
| 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 | $11,653,058 |
| Total liabilities | $32,844,423 |
| Net assets without donor restrictions | $1,238,894,645 |
| Net assets with donor restrictions | $6,049,440 |
| 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 | $1,277,788,508 |
Grants Awarded
Over the last fiscal year, Greater Houston Community Foundation has awarded $160,261,614 in support to 1,331 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: PUBLIC BENEFIT | $20,701,362 |
Alpharetta, GA PURPOSE: PUBLIC BENEFIT | $13,315,270 |
Colorado Springs, CO PURPOSE: HUMAN SERVICES | $7,390,600 |
Pittsburgh, PA PURPOSE: EDUCATIONAL | $6,296,200 |
Houston, TX PURPOSE: PUBLIC BENEFIT | $3,881,130 |
Bethesda, MD PURPOSE: PUBLIC BENEFIT | $3,181,052 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Greater Houston Community Foundation has recieved totaling $7,558,635.
| Awarding Organization | Amount |
|---|---|
Texas Educational Foundation Inc San Antonio, TX PURPOSE: Scholarship/Field of Interest | $2,700,000 |
Greater Houston Community Foundation Houston, TX PURPOSE: PUBLIC BENEFIT | $1,273,313 |
Episcopal Health Foundation Houston, TX PURPOSE: Program Support | $500,000 |
Episcopal Health Foundation Houston, TX PURPOSE: Program Support | $500,000 |
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: NRG Chairman's Scholarship fund transfer to GHCF | $357,820 |
Methodist Healthcare Ministries Of South Texas Inc San Antonio, TX PURPOSE: Texas Equitable vaccine uptake | $250,000 |
Endowment Analysis
| Beg. Balance | $23,020,686 |
| Earnings | $3,880,868 |
| Admin Expense | $179,128 |
| Net Contributions | $3,286,306 |
| Grants | $509,355 |
| Ending Balance | $29,499,377 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities Foundation Of Texas Dallas, TX | $891,470,306 | $274,423,452 |
Greater Houston Community Foundation Houston, TX | $1,277,788,508 | $567,166,923 |
Tulsa Community Foundation Tulsa, OK | $812,010,286 | $307,738,379 |
Northeast Arkansas Clinic Char Foundation Inc Jonesboro, AR | $30,841,351 | $111,453,747 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX | $387,395,879 | $137,312,103 |
Austin Community Foundation Austin, TX | $433,764,301 | $88,798,773 |
San Antonio Area Foundation San Antonio, TX | $587,345,748 | $192,937,536 |
The Greater New Orleans Foundation New Orleans, LA | $406,748,750 | $50,799,913 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of North Texas Fort Worth, TX | $520,525,998 | $72,575,782 |
Baton Rouge Area Foundation Baton Rouge, LA | $293,247,071 | $35,030,558 |