Alvin & Lucy Owsley Foundation
- Assets
- $6.8m
- Revenue
- $739.8k
- Investments
- $6.6m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/1951
- Data as of
- 12/2022
- EIN
- 75-6047221
Organization Overview
Alvin & Lucy Owsley Foundation is located in Houston, TX. The organization was established in 1951. 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. Alvin & Lucy Owsley 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, Alvin & Lucy Owsley Foundation generated $739.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 39.4% each year . All expenses for the organization totaled $586.0k during the year ending 12/2022. While expenses have increased by 8.9% per year over the past 5 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 2017, Alvin & Lucy Owsley Foundation has awarded 120 individual grants totaling $1,784,109. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sophia Garrett Trustee | 0.1 | $0 | |
David T Owsley Trustee | 0.1 | $0 | |
Steven A Owsley Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $234,890 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $504,916 |
| Capital Gain Net Income | $504,916 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $739,806 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,960 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $105 |
| Total operating and administrative expenses | $122,036 |
| Contributions, gifts, grants paid | $463,944 |
| Total expenses and disbursements | $585,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,710 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $228 |
| Total assets | $6,787,868 |
| 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, Alvin & Lucy Owsley Foundation has awarded $463,944 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ACE PURPOSE: CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE. | $5,000 |
CONTEMPORARY ARTS MUSEUM HOUSTON PURPOSE: CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE. | $24,500 |
CHRIST CHURCH CATHEDRAL PURPOSE: CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE. | $35,000 |
COUNCIL ON RECOVERY PURPOSE: CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE. | $500 |
DALLAS MUSEUM OF ART PURPOSE: CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE. | $180,000 |
GALVESTON BAY FOUNDATION PURPOSE: CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE. | $2,500 |