Halliburton Foundation Inc
- Assets
- $8.6m
- Revenue
- $4.1m
- Investments
- $4.4m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/1965
- Data as of
- 12/2022
- EIN
- 75-1212458
Organization Overview
Halliburton Foundation Inc is located in Houston, TX. The organization was established in 1965. 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. Halliburton Foundation 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 12/2022, Halliburton Foundation Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Halliburton Foundation Inc has awarded 855 individual grants totaling $48,183,417. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Josefovsky Secretary | 0 | $0 | |
Timothy Mckeon VP And Treasurer | 0 | $0 | |
Myrtle Jones Tax Officer | 0 | $0 | |
Van Beckwith Trustee | 0 | $0 | |
Eric Carre Trustee | 0 | $0 | |
Jeff Miller Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000,000 |
| Interest on Savings | $25,974 |
| Dividends & Interest | $38,814 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,074,071 |
| Capital Gain Net Income | $1,074,071 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,138,859 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,204 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $293 |
| Total operating and administrative expenses | $24,774 |
| Contributions, gifts, grants paid | $1,838,628 |
| Total expenses and disbursements | $1,863,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,683,998 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,500,000 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,385,291 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,441 |
| Total assets | $8,575,730 |
| Accounts payable and accrued expenses | $111,922 |
| Grants payable | $172,222 |
| 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 | $284,144 |
Grants Awarded
Over the last fiscal year, Halliburton Foundation Inc has awarded $1,838,628 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ONLINE GIVING FOUNDATION PURPOSE: EDUCATION | $209,734 |
COLORADO ASSOCIATION OF BLACK PURPOSE: EDUCATION | $20,000 |
ANGELO STATE UNIVERSITY FOUNDATION PURPOSE: EDUCATION | $15,000 |
COLORADO SCHOOL OF MINES PURPOSE: EDUCATION | $28,000 |
CRISTO REY JESUIT COLLEGE PURPOSE: EDUCATION | $10,000 |
COLORADO STATE UNIVERSITY PURPOSE: EDUCATION | $35,000 |