Bp Foundation Inc
- Assets
- $4.8m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/1953
- Data as of
- 12/2023
- EIN
- 36-6046879
Organization Overview
Bp Foundation Inc is located in Houston, TX. The organization was established in 1953. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bp Foundation Inc 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 12/2023, Bp Foundation Inc generated $8.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $9.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bp Foundation Inc has awarded 19 individual grants totaling $26,804,057. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anshul Mathur Director | 0.5 | $0 | |
Mary Streett Chairman And President | 0.5 | $0 | |
Hans Boas Director | 0.5 | $0 | |
Chan Boodhai Director | 0.5 | $0 | |
Tara Harrison Executive Director | 6 | $39,771 | |
Andy Zone Chief Financial Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Givingforce | 12/30/21 | $417,715 |
Cybergrants | 12/30/21 | $36,581 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,000,000 |
| Interest on Savings | $208,981 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $314,003 |
| Total Revenue | $8,522,984 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $111,115 |
| Other employee salaries and wages | $82,631 |
| Pension plans, employee benefits | $118,747 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $339,096 |
| Total operating and administrative expenses | $700,041 |
| Contributions, gifts, grants paid | $8,322,502 |
| Total expenses and disbursements | $9,022,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,716,932 |
| Net Accounts receivable | $21,428 |
| 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 | $22,893 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,761,253 |
| Accounts payable and accrued expenses | $89,935 |
| 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 | $89,935 |
Grants Awarded
Over the last fiscal year, Bp Foundation Inc has awarded $8,322,502 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF TO HELP THOSE AFFECTED BY THE MOROCCO EARTHQUAKE, LIBYA FLOODING, AND OTHER CASES OF DISASTER RELIEF | $55,000 |
MATCHING GIFTS - GIVINGFORCE (DETAIL AVAILABLE UPON REQUEST) PURPOSE: MATCHING GRANTS TO HUNDREDS OF SCHOOLS, COMMUNITY, HEALTH AND HUMAN SERVICE ORGANIZATIONS. | $8,267,502 |