Greater Houston Partnership Inc
- Assets
- $34.4m
- Revenue
- $20.0m
- Investments
- $0.0
- Employees
- 120
- Location
- Houston, TX
- Founding
- 07/1990
- Data as of
- 12/2022
- EIN
- 76-0267896
Organization Overview
Greater Houston Partnership Inc is located in Houston, TX. The organization was established in 1990. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Greater Houston Partnership Inc employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Houston Partnership Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Greater Houston Partnership Inc generated $20.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $21.7m during the year ending 12/2022. While expenses have increased by 3.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A MEMBER-BASED ORGANIZATION THAT WORKS WITH AND ON BEHALF OF THE REGION'S BUSINESS COMMUNITY TO MAKE HOUSTON ONE OF THE WORLD'S BEST PLACES TO LIVE, WORK, AND BUILD BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS MEMBERSHIP, GREATER HOUSTON PARTNERSHIP REPRESENTS THE INTERESTS OF THE 12 COUNTY HOUSTON REGION WITH OVER 1,200 MEMBERS PARTICIPATING IN COMMITTEES, TASK FORCES AND INITIATIVES, REPRESENTING MORE THAN 950 MEMBER COMPANIES. DURING 2022, OVER 56 EVENTS AND WEBINAR SERIES WERE HOSTED; ENJOYED BY OVER 11,000 PARTICIPANTS.
THE PARTNERSHIP PROMOTES THE HOUSTON REGION ACROSS THE COUNTRY AND AROUND THE GLOBE. IN 2022, THE GREATER HOUSTON PARTNERSHIP'S ECONOMIC DEVELOPMENT TEAM AND ITS REGIONAL ALLIES ASSISTED IN 25 ECONOMIC DEVELOPMENT PROJECTS, ACCOUNTING FOR OVER $1 BILLION IN CAPITAL EXPENDITURE AND OVER 4,219 NEW JOBS TO THE REGION. THE PARTNERSHIP'S INTERNATIONAL INVESTMENT AND TRADE ACTIVITIES IN 202 INCLUDED HOSTING MORE THAN 153 INBOUND DELEGATIONS FROM 68 COUNTRIES TO FURTHER GROW THE REGION'S INTERNATIONAL TIES. DESPITE TRAVEL RESTRICTIONS, THE PARTNERSHIP CONTINUED TO HOST KEY VISITS WITH OUR PARTNERS AROUND THE GLOBE VIRTUALLY.
THE PARTNERSHIP WORKS WITH AND ON BEHALF OF OUR MEMBERS TO IDENTIFY AND SUPPORT PRO-GROWTH, PRO-BUSINESS POLICIES THAT PROMOTE ECONOMIC DEVELOPMENT AND ENHANCE THE QUALITY OF LIFE THROUGHOUT THE HOUSTON REGION. THE TEXAS COMMISSION ON COMMUNITY COLLEGE FINANCE (TCCCF) WAS ESTABLISHED IN 2001 BY THE TEXAS STATE LEGISLATURE TO EVALUATE THE CURRENT COMMUNITY COLLEGE FINANCE SYSTEM AND PROPOSE RECOMMENDATIONS FOR IMPROVEMENT. THE PARTNERSHIP HELPED SHAPE THE COMMISSION'S RECOMMENDATION BY ADVOCATING FOR A COMMUNITY COLLEGE FUNDING SYSTEM THAT IS INDUSTRY-ALIGNED AND OUTCOMES FOCUSED. THE COMMISSION'S RECOMMENDATIONS WILL IMPROVE STUDENT SUCCESS, REDUCE STUDENT LOAN DEBT, QUICKEN THE TIMESPAN FROM ENROLLMENT TO COMPLETION, RESPOND TO THE CHANGING NEEDS OF THE INDUSTRY, AND STRENGTHEN OUR STATE'S ECONOMY BY MAKING SURE THE COMPANIES HAVE THE TALENTED WORKFORCE THAT IS NEEDED NOT JUST FOR NOW, BUT FOR THE FUTURE. HOUSTON'S BUSINESS COMMUNITY UNDERSTANDS THAT THE REGION'S ECONOMIC SUCCESS DEPENDS ON THE QUALITY OF ITS EDUCATIONAL INSTITUTIONS AND SKILLED WORKFORCE. HIGHER EDUCATION UNITED WITH BUSINESS, OR HUB, IS AN INITIATIVE OF THE PARTNERSHIP THAT SERVES TO FACILITATE COMMUNICATION AND COLLABORATION BETWEEN HOUSTON'S HIGHER EDUCATION INSTITUTIONS AND BUSINESSES, SO THE REGION'S EDUCATIONAL AND WORKFORCE PRIORITIES ARE STRONGLY ALIGNED. HUB PLAYED AN INTEGRAL ROLE IN SUPPORTING THE UNIVERSITY OF HOUSTON AS IT CONTINUES TO MAKE MEANINGFUL STRIDES IN TERMS OF STUDENT SUCCESS AND RESEARCH FUNDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Harvey President And CEO | OfficerTrustee | 50 | $704,898 |
Taylor Landin SVP Public Policy | Officer | 40 | $356,688 |
Susan Davenport SVP Economic Development | Officer | 40 | $320,658 |
Jane Mary Stricker Svp, Energy Transition & Exec | 40 | $302,845 | |
Katharine Pryor SVP Member Engagement | Officer | 40 | $291,634 |
Peter L Beard SVP Workforce Development | 40 | $267,111 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dci Development Counsellors Public Relations | 12/30/22 | $368,024 |
Ward Ames Event Management | 12/30/22 | $290,572 |
Citrus Advertising Advertising Services | 12/30/22 | $386,395 |
Insperity Personnel Mgmt Svcs | 12/30/22 | $215,066 |
Inspire Event Technologies Llc Av Production Svcs | 12/30/22 | $272,856 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,910,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,256,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,166,022 |
| Total Program Service Revenue | $12,743,659 |
| Investment income | $106,949 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,043 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,049,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| 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. | $2,023,154 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,421,546 |
| Pension plan accruals and contributions | $384,607 |
| Other employee benefits | $917,505 |
| Payroll taxes | $742,236 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,043 |
| Fees for services: Accounting | $62,920 |
| Fees for services: Lobbying | $384,461 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,604 |
| Fees for services: Other | $1,457,820 |
| Advertising and promotion | $1,067,558 |
| Office expenses | $148,949 |
| Information technology | $801,711 |
| Royalties | $0 |
| Occupancy | $1,604,365 |
| Travel | $593,211 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $306,015 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $294,125 |
| Insurance | $49,728 |
| All other expenses | $174,710 |
| Total functional expenses | $21,738,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,061,532 |
| Savings and temporary cash investments | $3,145,997 |
| Pledges and grants receivable | $5,962,723 |
| Accounts receivable, net | $758,487 |
| 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 | $426,115 |
| Net Land, buildings, and equipment | $3,514,602 |
| Investments—publicly traded securities | $1,678,539 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,854,042 |
| Total assets | $34,402,037 |
| Accounts payable and accrued expenses | $1,492,243 |
| Grants payable | $0 |
| Deferred revenue | $3,962,890 |
| 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 | $13,694,364 |
| Total liabilities | $19,149,497 |
| Net assets without donor restrictions | $6,699,209 |
| Net assets with donor restrictions | $8,553,331 |
| 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 | $34,402,037 |
Grants Awarded
Over the last fiscal year, Greater Houston Partnership Inc has awarded $300,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA FORWARD PURPOSE: SEE PART IV | $200,000 |
CENTER FOR HOUSTON'S FUTURE PURPOSE: Energy Transition | $100,000 |