University Of Houston Law Foundation
- Assets
- $38.6m
- Revenue
- $3.7m
- Investments
- $4.5m
- Employees
- 2
- Location
- Houston, TX
- Founding
- 12/1972
- Data as of
- 08/2023
- EIN
- 74-1732551
Organization Overview
University Of Houston Law Foundation is located in Houston, TX. The organization was established in 1972. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 08/2023, University Of Houston Law Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Houston Law 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 08/2023, University Of Houston Law Foundation generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $4.8m during the year ending 08/2023. While expenses have increased by 6.7% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION RECEIVES AND ADMINISTERS FUNDS FOR THE BENEFIT OF THE UH LAW CENTER. THE FOUNDATION MAINTAINS ENDOWMENTS FOR VARIOUS SCHOLARSHIP FUNDS AND STUDENT ACTIVITIES, ENDOWED FACULTY POSITIONS, ACADEMIC PROGRAM SUPPORT, AND GENERAL UNRESTRICTED GIFTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ADMINISTERS FUNDS RECEIVED THROUGH GIFTS, DONATIONS, AND GRANTS IN ORDER TO BENEFIT AND IMPROVE THE DEGREE AND NON-DEGREE EDUCATIONAL FUNCTIONS OF THE UH LAW CENTER, ESTABLISH STUDENT LOAN FUNCTIONS OF THE UH LAW CENTER AND ESTABLISH STUDENT LOAN FUNDS, SCHOLARSHIPS, AND PROFESSORSHIPS AT THE CENTER.
FACULTY SERVICES: PROVIDES SUPPORT FOR THE RESEARCH AND SCHOLARLY ENDEAVORS OF TENURED AND NON-TENURED FACULTY MEMBERS OF THE UH LAW CENTER. SUPPORT INCLUDES STIPENDS FROM ENDOWMENTS, SECRETARIAL SUPPORT AND RESEARCH ASSISTANCE.
STUDENT SUPPORT: PROVIDES VARIOUS SUPPORT FOR STUDENTS INCLUDING SCHOLARSHIP FUNDING, STUDENT ORGANIZATIONS, AND COMPETITIONS.
INSTITUTES AND SPECIAL PROGRAMS: RESEARCH SUPPORT AS WELL AS EDUCATION OF J.D. AND L.L.M. STUDENTS IN SPECIALIZED AREAS OF LEGAL PRACTICE. THE AREAS OF PRACTICE INCLUDE INTELLECTUAL PROPERTY, HEALTH LAW, COMPUTER LAW, MEXICAN LEGAL STUDIES, INTERNATIONAL LAW, TAX LAW AND CONSUMER LAW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas F A Hetherington President | OfficerTrustee | 3 | $0 |
Susan L Bickley President Elect | OfficerTrustee | 3 | $0 |
Richard Whiteley Vice President | OfficerTrustee | 1 | $0 |
John Unger Treasurer | OfficerTrustee | 3 | $0 |
Victor Wright Secretary | OfficerTrustee | 1 | $0 |
Warren Harris Immediate Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $273,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,654,687 |
| Noncash contributions included in lines 1a–1f | $80,353 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,927,687 |
| Total Program Service Revenue | $190,290 |
| Investment income | $769,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$70,022 |
| Net Income from Fundraising Events | -$113,650 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,703,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,895,878 |
| Grants and other assistance to domestic individuals. | $185,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,061 |
| Compensation of current officers, directors, key employees. | $135,061 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,493 |
| Pension plan accruals and contributions | $4,245 |
| Other employee benefits | $16,640 |
| Payroll taxes | $10,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $177,004 |
| Fees for services: Other | $400,437 |
| Advertising and promotion | $6,445 |
| Office expenses | $130,560 |
| Information technology | $9,704 |
| Royalties | $0 |
| Occupancy | $97,011 |
| Travel | $144,023 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,744 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $29,388 |
| All other expenses | $0 |
| Total functional expenses | $4,791,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $916,117 |
| Savings and temporary cash investments | $814,756 |
| Pledges and grants receivable | $4,922,963 |
| Accounts receivable, net | $72,511 |
| 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 | $70,876 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $27,201,726 |
| Investments—other securities | $4,537,774 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,950 |
| Total assets | $38,607,673 |
| Accounts payable and accrued expenses | $42,107 |
| Grants payable | $2,079,263 |
| Deferred revenue | $61,925 |
| 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 | $2,183,295 |
| Net assets without donor restrictions | $1,000,091 |
| Net assets with donor restrictions | $35,424,287 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $38,607,673 |