Gulf Coast Humane Society Endowment Trust

The information for Gulf Coast Humane Society Endowment Trust is as of the organization's most recent filing in December '19. This organization is located in Corpus Christi, TX. It has been in existence for 10 years, following its founding in 2009.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Gulf Coast Humane Society Endowment Trust's NTEE code is D11. The "D" tells us that the organization is classified along with Animal-Related organizations. The "11" tells us that the organization is a Single Organization Support. The NTEE describes Single Organization Support as organizations existing as a support and fund-raising entity for a single institution within the Animal-Related major group area.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Gulf Coast Humane Society Endowment Trust is to provide financial support for the Gulf Coast Humane Society.

Program Areas

The endowment provides financial support for the Gulf Coast Humane Society, which serves the Coastal Bend area of Texas by providing care and shelter to abandoned and homeless animals.

Board Governance

The Gulf Coast Humane Society Endowment Trust is an organization that is well-governed. With three voting members and three independent members, the board is able to make decisions that are in the best interest of the organization. Potential conflicts of interest are not present, and the organization has not delegated management to an outside firm. Board meetings and committee meetings are well-documented, and the organization has a conflict of interest policy. Additionally, the organization has a document retention policy and provides copies of the 990 to the board prior to filing. While the organization does not require disclosure of conflicts or have a written whistleblower policy, it does not substantiate or review leadership or officer salaries. Overall, the Gulf Coast Humane Society Endowment Trust is well-governed and able to make decisions in the best interest of the organization.

Grant History

Our dataset has five years of grant history for the Gulf Coast Humane Society Endowment Trust. In that time, they have awarded ten grants, with an average check size of $19,462. Five of the grants were awarded in the Animal-Related sector. Additionally, the organization most frequently awards grants in the state of Texas (5).

Organization Growth

The Gulf Coast Humane Society Endowment Trust has grown over the past four years. Contributions and grants received, investment income, and total revenue have all increased, demonstrating a positive trend in the nonprofit's growth. Furthermore, grants paid and total expenses have also increased, indicating that the organization is investing more into its operations and mission.

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Board, Officers & Key Employees

Name (title)Compensation
Ann Hennis
Trustee
$0
Henry Blackmon
Trustee
$0
James Thaxton
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$690,765
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $162,953
Total Revenue from Contributions, Gifts, Grants & Similar$690,765
Total Program Service Revenue$0
Investment income $611,817
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $12,018
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,314,600

Grants Awarded

Over the last fiscal year, Gulf Coast Humane Society Endowment Trust has awarded $66,718 in support to 2 organizations.

Grant RecipientAmount

GULF COAST HUMANE SOCIETY

Org PageRecipient Profile

Corpus Christi, TX

PURPOSE: TO SUPPORT AND ENHANCE THE OPERATIONS OF THE GULF COAST HUMANE SOCIETY PROVIDING ONGOING

$66,718
View Grant Profile

Endowment Analysis

Beg. Balance$5,605,243
Earnings$624,147
Admin Expense$12,282
Net Contributions$690,453
Grants$53,580
Ending Balance$6,853,981

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