Susan Vaughan Foundation Inc
- Assets
- $23.9m
- Revenue
- $2.8m
- Investments
- $22.6m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/1989
- Data as of
- 12/2021
- EIN
- 76-0285765
Organization Overview
Susan Vaughan Foundation Inc is located in Houston, TX. The organization was established in 1989. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Susan Vaughan 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 12/2021, Susan Vaughan Foundation Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 4 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 2019, Susan Vaughan Foundation Inc has awarded 148 individual grants totaling $3,952,500. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
PROVIDE GRANTS TO SUPPORT RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES. THIS IS THE ONLY ACTIVITY OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Northern Trust Company Sec/treas (eff 4/1/2021) | 1 | $232,100 | |
George Peterkin Trustee | 1 | $20,000 | |
Duncan E Osborne Trustee | 1 | $16,000 | |
Elizabeth B Osborne Trustee | 1 | $16,000 | |
John Peterkin Trustee | 1 | $16,000 | |
Legacy Trust Company - Houston Sec/treas (thru 3/31/2021) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $779,188 |
| Interest on Savings | $0 |
| Dividends & Interest | $367,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,621,588 |
| Capital Gain Net Income | $1,621,588 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,000 |
| Total Revenue | $2,793,017 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $300,100 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,189 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,303 |
| Total operating and administrative expenses | $508,455 |
| Contributions, gifts, grants paid | $1,442,500 |
| Total expenses and disbursements | $1,950,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,256,619 |
| 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 | $37,768 |
| Total assets | $23,902,558 |
| 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, Susan Vaughan Foundation Inc has awarded $1,442,500 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: SOCIAL SERVICE | $250,000 |
Dallas, TX PURPOSE: CHARITABLE | $130,000 |
GEORGIA OKEEFFE MUSEUM PURPOSE: CHARITABLE | $90,000 |
HOUSTON BOTANIC GARDEN PURPOSE: CHARITABLE | $70,000 |
Bellaire, TX PURPOSE: CHARITABLE | $70,000 |
Marfa, TX PURPOSE: CHARITABLE | $65,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Texas Rehab Tr Wichita Falls, TX | $0 | $190,992 |
Oldham Little Church Foundation Houston, TX | $30,137,970 | $4,323,104 |
Susan Vaughan Foundation Inc Houston, TX | $23,902,558 | $2,793,017 |
Philanthropy Southwest Dallas, TX | $1,640,752 | $1,479,190 |
George William Patton & Mary Patton Foundation Trust B Dallas, TX | $13,113,675 | $1,965,133 |
Marketplace Ministries Foundation Plano, TX | $11,873,944 | $1,668,158 |
Paris Legacy Foundation Inc Paris, TX | $7,749,974 | $897,931 |
Fund For Change Santa Fe, NM | $531,456 | $472,266 |
Heart Trust Wichita Falls, TX | $4,914,220 | $475,077 |
Cancer Trust Wichita Falls, TX | $4,914,220 | $475,077 |
Boys Ranch Tr Wichita Falls, TX | $4,914,220 | $475,077 |
North Arkansas Medical Foundation Harrison, AR | $1,182,854 | $844,656 |