Wortham Foundation
- Assets
- $229.4m
- Revenue
- $18.6m
- Investments
- $224.6m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/1961
- Data as of
- 09/2021
- EIN
- 74-1334356
Organization Overview
Wortham Foundation is located in Houston, TX. The organization was established in 1961. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Wortham 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 09/2021, Wortham Foundation generated $18.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $14.7m during the year ending 09/2021. While expenses have increased by 2.5% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHMENT 18
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred C Burns Secretary Treasurer | 0 | $42,000 | |
Brady Carruth Jr Trustee | 0 | $42,000 | |
Thomas E Smith Trustee Asst Treasurer | 0 | $42,000 | |
R W Wortham III President Asst Treasurer | 0 | $42,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hirtle & Callaghan | 9/29/21 | $346,643 |
Bank Of New York Mellon | 9/29/21 | $66,971 |
Avalon Advisors | 9/29/21 | $257,984 |
J P Morgan Chase Bank Na | 9/29/21 | $163,124 |
Bank Of New York Mellon | 9/29/21 | $0 |
Hirtle Callaghan | 9/29/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,485,770 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,121,435 |
| Capital Gain Net Income | $14,121,435 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,018,271 |
| Total Revenue | $18,625,476 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $210,000 |
| Other employee salaries and wages | $175,267 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250,890 |
| Depreciation | $0 |
| Occupancy | $145,454 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $87,246 |
| Total operating and administrative expenses | $2,059,406 |
| Contributions, gifts, grants paid | $12,635,000 |
| Total expenses and disbursements | $14,694,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,659,577 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $105,058 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $229,365,666 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
Perot Foundation Dallas, TX | $46,575,873 | $1,622,633 |
The Charles Butt Foundation San Antonio, TX | $7,229,103 | $6,060,986 |