Houston Community College Foundation
- Assets
- $20.4m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 11/1976
- Data as of
- 08/2023
- EIN
- 74-1885205
Organization Overview
Houston Community College Foundation is located in Houston, TX. The organization was established in 1976. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Community College 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, Houston Community College Foundation generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $6.6m during the year ending 08/2023. While expenses have increased by 5.5% 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
EMPOWERS HCC STUDENT SUCCESS THROUGH PHILANTHROPIC SUPPORT, ALIGNED WITH HCC INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SCHOLARSHIPS AND ENDOWMENTS: THE HCC FOUNDATION HAS AWARDED THOUSANDS OF SCHOLARSHIPS TO DESERVING HCC STUDENTS. OUR FUNDRAISING EFFORTS ARE RAPIDLY EXPANDING, AND WE EXPECT TO AWARD MANY MORE SCHOLARSHIPS TO HOUSTON-AREA STUDENTS IN THE COMING YEARS. THE FOUNDATION'S LONG-TERM GOAL IS TO BUILD A SCHOLARSHIP ENDOWMENT SUFFICIENT TO AWARD A SCHOLARSHIP TO ALL HCC CREDIT-HOUR STUDENTS WHO QUALIFY FOR ASSISTANCE AS THEY BEGIN THEIR COLLEGE CAREER.
CAPITAL PROJECTS AND PROGRAM SUPPORT:THE HCC FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO SELECTED HCC PROGRAMS AND CAPITAL PROJECTS.FACULTY GRANTS AND AWARDS:THE HCC FOUNDATION RECOGNIZES OUR FACULTY MEMBERS' KEY ROLE IN ACHIEVING HCC'S MISSION. WE SUPPORT THEIR EFFORTS BY PROVIDING GRANTS FOR PROJECTS THAT HAVE THE POTENTIAL TO ADVANCE STUDENT LEARNING AT HCC. MANY FACULTY PROPOSALS REQUEST THE FOUNDATION'S FINANCIAL SUPPORT FOR PROFESSIONAL ENRICHMENT OPPORTUNITIES AND PROJECTS TO ENHANCE HCC LEARNING ENVIRONMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecelia Allen Treasurer | OfficerTrustee | 0.5 | $0 |
Dr Antrece L Baggett Vice Chair Of Fundraising | OfficerTrustee | 0.5 | $0 |
Edward Fierro Vice Chair Of Governance | OfficerTrustee | 0.5 | $0 |
Jeanne Perdue Secretary | OfficerTrustee | 0.5 | $0 |
Ryan Mccauley Board Chair | OfficerTrustee | 0.5 | $0 |
Tracy Janda Vice Chair Of Board Relati | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,181,356 |
| Noncash contributions included in lines 1a–1f | $1,653,014 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,181,356 |
| Total Program Service Revenue | $0 |
| Investment income | $537,096 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$66,849 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,772,221 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,451,404 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,998 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,537 |
| Fees for services: Other | $131,729 |
| Advertising and promotion | $0 |
| Office expenses | $12,120 |
| Information technology | $55,247 |
| Royalties | $0 |
| Occupancy | $14,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,975 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,615,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,158 |
| Savings and temporary cash investments | $1,603,556 |
| Pledges and grants receivable | $1,003,226 |
| 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 | $126,546 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,389,398 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,394,884 |
| Accounts payable and accrued expenses | $711,494 |
| 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 | $711,494 |
| Net assets without donor restrictions | $281,516 |
| Net assets with donor restrictions | $19,401,874 |
| 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 | $20,394,884 |