Barbara Bush Houston Literacy Foundation
- Assets
- $10.7m
- Revenue
- $4.3m
- Investments
- $1.9m
- Employees
- 14
- Location
- Houston, TX
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-5037878
Organization Overview
Barbara Bush Houston Literacy Foundation is located in Houston, TX. The organization was established in 2014. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Barbara Bush Houston Literacy Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barbara Bush Houston Literacy 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, Barbara Bush Houston Literacy Foundation generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 12.9% 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 2014, Barbara Bush Houston Literacy Foundation has awarded 150 individual grants totaling $5,811,697. 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 BARBARA BUSH HOUSTON LITERACY FOUNDATION IS DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR HOUSTONIANS ACROSS ALL AGES THROUGH THE POWER OF LITERACY - THE ABILITY TO READ, WRITE, SPEAK CLEARLY, AND THINK CRITICALLY.
Describe the Organization's Program Activity:
THE FOUNDATION DISTRIBUTED $1,396,606 IN GRANTS TO SUPPORT FAMILY LITERACY PROGRAMS, ADULT LITERACY PROGRAMS AND DIRECT SERVICES, IN SCHOOL LITERACY INTERVENTION PROGRAMS FOR STRUGGLING READERS AND SUMMER LEARNING PROGRAMS TO DISADVANTAGED CHILDREN, AS WELL AS TO EXPAND ACCESS TO BOOKS AND EDUCATIONAL MATERIALS AND RESOURCES TO LOW INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Baker Finck President/ceo | Officer | 40 | $208,004 |
Maria Bush Vice Chair/director | OfficerTrustee | 0 | $0 |
Terri Lacy Secretary/director | OfficerTrustee | 0 | $0 |
Neil Bush Chairman/director | OfficerTrustee | 0 | $0 |
Martha Carnes Director | Trustee | 0 | $0 |
Y Ping Sun Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Post Oak Event Catering-rentals | 12/30/21 | $170,800 |
Lmsw Investments Ltd Rent | 12/30/21 | $114,230 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,420,073 |
| Related organizations | $658,491 |
| Government grants | $142,415 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,323,049 |
| Noncash contributions included in lines 1a–1f | $7,587 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,544,028 |
| Total Program Service Revenue | $0 |
| Investment income | $109,990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,672 |
| Net Income from Fundraising Events | -$377,882 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,314,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,396,606 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $242,250 |
| Compensation of current officers, directors, key employees. | $22,917 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $616,115 |
| Pension plan accruals and contributions | $21,894 |
| Other employee benefits | $68,037 |
| Payroll taxes | $67,408 |
| Fees for services: Management | $209,575 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,458 |
| Fees for services: Other | $491,373 |
| Advertising and promotion | $6,565 |
| Office expenses | $327,134 |
| Information technology | $41,065 |
| Royalties | $0 |
| Occupancy | $124,431 |
| Travel | $9,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $406,974 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,925 |
| Insurance | $1,666 |
| All other expenses | $66 |
| Total functional expenses | $4,087,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,592,084 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $22,162 |
| Investments—publicly traded securities | $5,131,329 |
| Investments—other securities | $1,933,814 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,679,389 |
| Accounts payable and accrued expenses | $117,727 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $0 |
| Total liabilities | $117,727 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $10,561,662 |
| Total liabilities and net assets/fund balances | $10,679,389 |
Grants Awarded
Over the last fiscal year, Barbara Bush Houston Literacy Foundation has awarded $1,370,306 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: GRANT PURPOSE TO SUPPORT THE DEVELOPMENT OF THE BARBARA BUSH LITERACY PLAZA | $352,950 |
HARRIS COUNTY PUBLIC LIBRARY PURPOSE: GRANT FOR 4 FAMILY PLACE LIBRARIES AT EVELYN MEADOR, GALENA PARK, NORTH CHANNEL, & CY-FAIR BRANCHES | $267,325 |
UNIVERSITY OF HOUSTON PURPOSE: TO EXPAND THE NUMBER OF COUGAR LITERACY CORPS MEMBERS UNDER THE THIRD WARD SCHOOLS INITIATIVE. | $170,835 |
Houston, TX PURPOSE: TO PROVIDE 4-WEEK SUMMER LEARNING PROGRAM FOR CHILDREN IN FIFTH AND THIRD WARDS OF HOUSTON. | $135,000 |
Washington, DC PURPOSE: THE BARBARA BUSH FOUNDATION FOR FAMILY LITERACY SHARE OF THE PROCEEDS FROM THE 2021 CELEBRATION OF READING | $90,996 |
Houston, TX PURPOSE: TECHNOLOGY GRANT TO PURCHASE 43 CHROMEBOOKS WITH CO-BRANDED BAGS AND HOTSPOTS | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Barbara Bush Houston Literacy Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Postl Family Foundation Houston, TX PURPOSE: 01/28/22 02/17/22CHECK XXX9278 CHECK XXX0858CHARITABLE PURPOSES ONLY | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kirkpatrick Family Affiliated Fund Ok City Community Foundation Inc Oklahoma City, OK | $324,040,869 | $11,766,230 |
John L Santikos Charitable Foundation San Antonio, TX | $496,690,264 | -$37,218,989 |
Bokf Foundation Tulsa, OK | $18,840,585 | $10,529,453 |
Barbara Bush Houston Literacy Foundation Houston, TX | $10,679,389 | $4,314,808 |
San Jacinto Community College Foundation Pasadena Texas Pasadena, TX | $44,430,086 | $3,138,772 |
Northshore Community Foundation Covington, LA | $35,281,290 | $6,747,266 |
Cardwell Foundation El Paso, TX | $19,559,398 | $1,253,367 |
Boys And Girls Club Of Benton County Bentonville, AR | $4,739,597 | $3,092,938 |
Highland Dallas Foundation Inc Dallas, TX | $58,559,322 | $4,564,179 |
Tarrant County College Foundation Fort Worth, TX | $35,706,902 | $3,034,806 |
William C Schumacher Family Foundation Lafayette, LA | $29,256,069 | $1,867,606 |
Charitable Holdings Ii Austin, TX | $3,026,494 | $996,055 |