Terry Foundation
- Assets
- $405.9m
- Revenue
- $20.9m
- Investments
- $403.1m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/1997
- Data as of
- 12/2020
- EIN
- 31-1551093
Organization Overview
Terry Foundation is located in Houston, TX. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terry 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 12/2020, Terry Foundation generated $20.9m 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 (35.6%) each year. All expenses for the organization totaled $27.1m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Terry Foundation has awarded 41 individual grants totaling $60,412,010. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT 14
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvonne R Moody President/executive Director | 40 | $313,905 | |
Edward T Cotham Jr Cio/director | 40 | $220,000 | |
Blair Abernathy Treasurer/financial Director | 40 | $217,591 | |
Rhett G Campbell Ceo/chairman | 40 | $194,688 | |
Josephine Koszegi Program Director | 40 | $174,263 | |
Brandy Skillern Data Analyst | 40 | $108,776 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Merrill Lynch | 12/30/21 | $1,151,091 |
Kell Partners Llc | 12/30/21 | $110,856 |
Aldridge | 12/30/21 | $69,654 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,651,288 |
| Interest on Savings | $14,233 |
| Dividends & Interest | $4,904,507 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,413,412 |
| Capital Gain Net Income | $3,843,060 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,894,089 |
| Total Revenue | $20,877,529 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,096,695 |
| Other employee salaries and wages | $1,201,158 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $412,864 |
| Depreciation | $21,211 |
| Occupancy | $198,246 |
| Travel, conferences, and meetings | $11,948 |
| Printing and publications | $26,764 |
| Other expenses | $1,685,510 |
| Total operating and administrative expenses | $5,703,989 |
| Contributions, gifts, grants paid | $21,392,955 |
| Total expenses and disbursements | $27,096,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,054 |
| Savings and temporary cash investments | $2,379,696 |
| 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 | $28,987 |
| Investments—mortgage loans | $0 |
| Investments—other | $187,184,232 |
| Net Land, buildings, and equipment | $10,766 |
| Other assets | $31,514 |
| Total assets | $405,880,401 |
| 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, Terry Foundation has awarded $17,626,100 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF TEXAS PURPOSE: SCHOLARSHIPS FOR 155 STUDENTS | $3,360,900 |
TEXAS AM UNIVERSITY PURPOSE: SCHOLARSHIPS FOR 123 STUDENTS | $2,884,750 |
THE UNIVERSITY OF TEXAS AT DALLAS PURPOSE: SCHOLARSHIPS FOR 55 STUDENTS | $1,482,050 |
THE UNIVERSITY OF HOUSTON PURPOSE: SCHOLARSHIPS FOR 52 STUDENTS | $1,320,500 |
TEXAS TECH UNIVERSITY PURPOSE: SCHOLARSHIPS FOR 49 STUDENTS | $1,177,650 |
THE UNIVERSITY OF NORTH TEXAS PURPOSE: SCHOLARSHIPS FOR 52 STUDENTS | $1,143,450 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Terry Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Ernest Wentcher Educational Fund Wilmette, IL PURPOSE: EDUCATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |