Houston Endowment Inc
- Assets
- $2.4b
- Revenue
- $122.6m
- Investments
- $2.3b
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/1938
- Data as of
- 12/2023
- EIN
- 74-6013920
Organization Overview
Houston Endowment Inc is located in Houston, TX. The organization was established in 1938. 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. Houston Endowment 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, Houston Endowment Inc generated $122.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $130.6m during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 6 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 2018, Houston Endowment Inc has awarded 4,240 individual grants totaling $817,065,879. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND EVALUATION RELATING TO INCREASING NATURALIZATION RATES OF LAWFUL PERMANENT RESIDENTS IN GREATER HOUSTON
PROVIDING TECHNICAL ASSISTANCE TO LOCAL SCHOOL DISTRICTS FOR STRATEGIC PLANNING EFFORTS
PROVIDING TECHNICAL ASSISTANCE TO OTHER GRANTEES AND INITIATIVES, INCLUDING EVALUATION CAPACITY BUILDING AND LANGUAGE ACCESS SERVICES
CONDUCTING RESEARCH AND/OR EVALUATIONS IN THE AREAS OF EDUCATION AND VOTER ENGAGEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director, President, & CEO | 40 | $722,000 | |
Name Not Listed Director | 2 | $0 | |
Name Not Listed Director | 2 | $0 | |
Name Not Listed Director | 2 | $0 | |
Name Not Listed Vp, Program Strategy | 40 | $667,700 | |
Name Not Listed Vp, Finance | 40 | $385,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Investure Llc | 12/30/23 | $4,338,742 |
Dalberg Design | 12/30/23 | $1,005,000 |
Civic Solutions Group | 12/30/23 | $480,000 |
Pivot Data Design Llc | 12/30/23 | $527,101 |
Ilo Group | 12/30/23 | $485,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,989,468 |
| Dividends & Interest | $2,736,040 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $101,509,202 |
| Capital Gain Net Income | $30,415,876 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,374,072 |
| Total Revenue | $122,609,629 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,056,321 |
| Other employee salaries and wages | $4,785,432 |
| Pension plans, employee benefits | $2,757,876 |
| Interest | $613,125 |
| Taxes | $2,983,339 |
| Depreciation | $875,514 |
| Occupancy | $520,405 |
| Travel, conferences, and meetings | $251,521 |
| Printing and publications | $0 |
| Other expenses | $859,129 |
| Total operating and administrative expenses | $24,918,581 |
| Contributions, gifts, grants paid | $105,703,678 |
| Total expenses and disbursements | $130,622,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,185,433 |
| Savings and temporary cash investments | $40,555,621 |
| 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 | $304,109 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,124,939,381 |
| Net Land, buildings, and equipment | $51,196,135 |
| Other assets | $14,918,646 |
| Total assets | $2,370,195,483 |
| Accounts payable and accrued expenses | $2,178,222 |
| Grants payable | $42,270,147 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $25,225,000 |
| Other liabilities | $23,797,683 |
| Total liabilities | $93,471,052 |
Grants Awarded
Over the last fiscal year, Houston Endowment Inc has awarded $144,158,097 in support to 324 organizations.
| Grant Recipient | Amount |
|---|---|
50CAN INC PURPOSE: PROJECT SUPPORT FOR TEXAS EDUCATION POLICY INITIATIVES | $75,000 |
50CAN INC PURPOSE: PROJECT SUPPORT FOR A HOUSTON FELLOW IN THE NATIONAL VOICES FELLOWSHIP | $25,000 |
A HEALTHIER DEMOCRACY PURPOSE: PROJECT SUPPORT FOR A PILOT TO INCREASE VOTER ENGAGEMENT AMONG HEALTHCARE PROFESSIONALS AND PATIENTS | $167,000 |
ACLU FOUNDATION OF TEXAS INC PURPOSE: PROGRAM SUPPORT FOR ELECTION PROTECTION | $350,000 |
ALDINE INDEPENDENT SCHOOL DISTRICT PURPOSE: PROJECT SUPPORT FOR IMPLEMENTATION OF DISTRICT PLAN TO INCREASE COLLEGE, CAREER, AND MILITARY READINESS OUTCOMES | $1,000,000 |
ALDINE INDEPENDENT SCHOOL DISTRICT PURPOSE: PROJECT SUPPORT TO IMPROVE TEACHER RECRUITMENT, SUPPORT, AND RETENTION AT ALDINE INDEPENDENT SCHOOL DISTRICT | $500,000 |