Houtz Family Foundation Inc
- Assets
- $21.7m
- Revenue
- $678.6k
- Investments
- $21.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 47-2219612
Organization Overview
Houtz Family Foundation Inc is located in Wilmington, DE. The organization was established in 2016. 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. Houtz Family 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, Houtz Family Foundation Inc generated $678.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Houtz Family Foundation Inc has awarded 64 individual grants totaling $6,492,500. 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 |
|---|---|---|---|
James C Houtz Dir, VP | 1 | $0 | |
Nancy Sue Houtz Sec, Dir | 1 | $0 | |
Timothy F Houtz Dir, Pres | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Mckelvy Group | 12/30/23 | $143,440 |
Foundation Source | 12/30/23 | $70,646 |
Ubs Financial Services Inc | 12/30/23 | $58,847 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,463 |
| Dividends & Interest | $549,320 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $114,663 |
| Capital Gain Net Income | $187,661 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,185 |
| Total Revenue | $678,631 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,453 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76,082 |
| Total operating and administrative expenses | $312,850 |
| Contributions, gifts, grants paid | $1,292,500 |
| Total expenses and disbursements | $1,605,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $713,623 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,125,482 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,744,409 |
| 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, Houtz Family Foundation Inc has awarded $1,292,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
DAYTON DIAPER DEPOT PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
BRIGIDS PATH INC PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
DAYTON HISTORY PURPOSE: GENERAL & UNRESTRICTED | $150,000 |
DAYTON SOCIETY OF NATURAL HISTORY DAYTON MUSEUM OF PURPOSE: GENERAL & UNRESTRICTED | $250,000 |
EMERGE RECOVERY & TRADES INITIATIVE PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
FOODBANK INC PURPOSE: GENERAL & UNRESTRICTED | $250,000 |