Laverne And Thomas Howell Foundation
- Assets
- $14.0m
- Revenue
- $1.6m
- Investments
- $13.1m
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 46-0501821
Organization Overview
Laverne And Thomas Howell Foundation is located in Corpus Christi, TX. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laverne And Thomas Howell 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, Laverne And Thomas Howell Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $899.7k during the year ending 12/2021. While expenses have increased by 1.9% 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 2016, Laverne And Thomas Howell Foundation has awarded 152 individual grants totaling $4,528,157. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin C Davis Managing Dir | 8 | $50,000 | |
Sandra L Garrison Managing Dir | 8 | $48,000 | |
Gary B Pearce Director | 4 | $7,280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $316,911 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,251,917 |
| Capital Gain Net Income | $1,251,917 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,264 |
| Total Revenue | $1,589,092 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $105,280 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,108 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $931 |
| Printing and publications | $0 |
| Other expenses | $6,348 |
| Total operating and administrative expenses | $216,071 |
| Contributions, gifts, grants paid | $683,658 |
| Total expenses and disbursements | $899,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,991 |
| Savings and temporary cash investments | $899,968 |
| 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 | $21,871 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14 |
| Total assets | $14,025,897 |
| 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, Laverne And Thomas Howell Foundation has awarded $683,658 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST UNITED METHODIST CHURCH OF CC PURPOSE: REPAIRS & MAINTENANCE | $251,000 |
Corpus Christi, TX PURPOSE: COASTAL BEND DAY OF GIVING | $50,000 |
GOOD SAMARITAN COMMUNITY SERVICES PURPOSE: HOMELESS SHELTER | $44,000 |
TEXAS A&M CORPUS CHRISTI PURPOSE: NURSING SCHOLARSHIPS | $40,000 |
CORPUS CHRISTI METRO MINISTRIES PURPOSE: OPERATING EXPENSES | $35,000 |
Corpus Christi, TX PURPOSE: OPERATING EXPENSES | $34,658 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |