Henderson-Wessendorff Foundation
- Assets
- $262.7m
- Revenue
- $44.7m
- Investments
- $206.1m
- Employees
- 0
- Location
- Richmond, TX
- Founding
- 03/1958
- Data as of
- 12/2022
- EIN
- 74-6047149
Organization Overview
Henderson-Wessendorff Foundation is located in Richmond, TX. The organization was established in 1958. 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. Henderson-Wessendorff 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 12/2022, Henderson-Wessendorff Foundation generated $44.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $20.3m during the year ending 12/2022. While expenses have increased by 5.6% 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.
Since 2014, Henderson-Wessendorff Foundation has awarded 1,161 individual grants totaling $197,025,401. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF WELL SPRING CENTER - A FACILITY OFFERED FOR USE BY UNRELATED TAX-EXEMPT ORGANIZATIONS TO HOLD RETREATS, RELIGIOUS AND EDUCATIONAL EVENTS. UTILIZED BY 4,678 ATTENDEES FROM 70 EVENTS IN 2023.
OPERATION OF LONG ACRES RANCH, WHICH IS USED AS A NATURE CENTER AND FOR OUTDOOR EDUCATIONAL ACTIVITIES FOR SCHOOL CHILDREN. THE PROPERTY AND FACILITIES ARE ALSO USED TO HOST OUTDOOR ACTIVITIES FOR BOY SCOUTS AND SIMILAR ORGANIZATIONS. UTILIZED BY 30,013 ATTENDEES FROM MULTIPLE EVENTS HELD THROUGHOUT THE YEAR ENDING DECEMBER 31, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe D Robinson Chairman Of Board | 10 | $24,000 | |
Charles Pat Mcdonald President | 40 | $460,175 | |
Jack H Moore Secretary / Legal | 10 | $39,800 | |
Ben Jones CFO | 40 | $318,063 | |
Lane Ward Director | 4 | $18,000 | |
Barbara Bleil Director | 2 | $18,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo | 12/30/23 | $901,962 |
Willis Graves & Associates Inc | 12/30/23 | $119,262 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $370,889 |
| Interest on Savings | $1,412,900 |
| Dividends & Interest | $2,982,755 |
| Net Rental Income | $1,965,121 |
| Net Gain on Sale of Assets | $2,332,087 |
| Capital Gain Net Income | $2,332,087 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,684,444 |
| Total Revenue | $44,748,196 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,043,368 |
| Other employee salaries and wages | $1,477,955 |
| Pension plans, employee benefits | $508,409 |
| Interest | $0 |
| Taxes | $2,581,498 |
| Depreciation | $844,934 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $40,892 |
| Printing and publications | $0 |
| Other expenses | $2,127,050 |
| Total operating and administrative expenses | $8,936,291 |
| Contributions, gifts, grants paid | $11,385,370 |
| Total expenses and disbursements | $20,321,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,749 |
| Savings and temporary cash investments | $21,018,801 |
| Net Accounts receivable | $103,494 |
| 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 | $38,057 |
| Net Investments - land, buildings, equipment | $19,471,147 |
| Investments—mortgage loans | $2,283,183 |
| Investments—other | $34,707,808 |
| Net Land, buildings, and equipment | $12,801,929 |
| Other assets | $3,209,783 |
| Total assets | $262,741,551 |
| 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 |
Grants Awarded
Over the last fiscal year, Henderson-Wessendorff Foundation has awarded $19,285,077 in support to 128 organizations.
| Grant Recipient | Amount |
|---|---|
ABIGAILS PLACE PURPOSE: FOR GENERAL OPERATIONS | $55,000 |
ACHIEVE FB COUNTY PURPOSE: FOR SUMMER READING PROGRAM FOR AT-RISK YOUNG READERS IN FORT BEND COUNTY | $41,250 |
ARMS WIDE ADOPTION SERVICES PURPOSE: SUPPORT FORT BEND POST ADOPTION PROGRAM, INCLUDING RICHMOND & ROSENBERG | $30,000 |
ATTACK POVERTY PURPOSE: PURCHASE FIRST BAPTIST CHURCH IN ROSENBERG FOR HOUSING & FAMILY SERVICE CENTER | $125,000 |
ATTACK POVERTY PURPOSE: PURCHASE FIRST BAPTIST CHURCH IN ROSENBERG, REMAINING FUNDS USED FOR GENERAL OPERATIONS | $30,000 |
ATTACK POVERTY PURPOSE: OPERATIONS & PROGRAMS AND BACK OFFICE SUPPORT - FRIENDS OF N RICHMOND, N ROSENBERG, MERCY GOODS | $485,000 |