University Of Houston Foundation
- Assets
- $187.5m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Houston, TX
- Founding
- 11/1961
- Data as of
- 08/2023
- EIN
- 74-6041411
Organization Overview
University Of Houston Foundation is located in Houston, TX. The organization was established in 1961. 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 Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Houston 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 Foundation generated $14.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $10.5m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University Of Houston Foundation has awarded 148 individual grants totaling $68,280,758. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF HOUSTON FOUNDATION OPERATES FOR THE ADVANCEMENT AND GENERAL WELFARE OF THE EDUCATIONAL PROGRAMS OF THE UNIVERSITY OF HOUSTON AND ITS COMPONENTS. THE FOUNDATION RECEIVES CONTRIBUTIONS AND MANAGES AND ADMINISTERS THOSE FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY OF HOUSTON FOUNDATION PROVIDES PROGRAM SUPPORT TO UNIVERSITY OF HOUSTON SYSTEM FOR VARIOUS SCHOLARSHIP AND EDUCATIONAL PROGRAMS FOR COLLEGES LISTED IN SCHEDULE I.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Orlando Sanchez Chair | OfficerTrustee | 1 | $0 |
Rob Arnold Vice Chair | OfficerTrustee | 1 | $0 |
Alvin Zimmerman Secretary | OfficerTrustee | 1 | $0 |
Rebecca Hoyt Treasurer | OfficerTrustee | 1 | $0 |
Mike Booker Trustee | Trustee | 1 | $0 |
Arturo Chavez Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,032,194 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,487,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,519,354 |
| Total Program Service Revenue | $0 |
| Investment income | $8,725,770 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $934,182 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,179,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,908,711 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $344,631 |
| Compensation of current officers, directors, key employees. | $344,631 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $256,639 |
| Pension plan accruals and contributions | $15,130 |
| Other employee benefits | $21,662 |
| Payroll taxes | $34,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $757,703 |
| Fees for services: Other | $6,234 |
| Advertising and promotion | $0 |
| Office expenses | $29,458 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,529 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $886 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,420 |
| Insurance | $15,222 |
| All other expenses | $0 |
| Total functional expenses | $10,476,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $34,517 |
| Pledges and grants receivable | $1,089,073 |
| Accounts receivable, net | $58,806 |
| 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 | $74,459 |
| Net Land, buildings, and equipment | $65,832 |
| Investments—publicly traded securities | $186,081,257 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $86,059 |
| Total assets | $187,490,103 |
| Accounts payable and accrued expenses | $370,260 |
| Grants payable | $11,549,760 |
| 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 | $1,414,964 |
| Total liabilities | $13,334,984 |
| Net assets without donor restrictions | $3,750,251 |
| Net assets with donor restrictions | $170,404,868 |
| 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 | $187,490,103 |
Grants Awarded
Over the last fiscal year, University Of Houston Foundation has awarded $8,901,404 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF HOUSTON PURPOSE: Scholarships | $3,163,662 |
UH - ARCHITECTURE PURPOSE: Program Support | $36,000 |
UH - ATHLETICS PURPOSE: Program Support | $669,597 |
UH - BUSINESS PURPOSE: Program Support | $77,149 |
UH - COLLEGE OF LIBERAL ARTS & SOCIAL SCIENCES PURPOSE: Program Support | $393,731 |
UN - COLLEGE OF THE ARTS PURPOSE: Program Support | $489,725 |