Houston House Foundation
- Assets
- $21.4m
- Revenue
- $761.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/1990
- Data as of
- 12/2022
- EIN
- 76-0314047
Organization Overview
Houston House Foundation is located in Houston, TX. The organization was established in 1990. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston House 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, Houston House Foundation generated $761.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $612.5k during the year ending 12/2022. 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
THE HOUSTON HOUSE FOUNDATION IS ORGANIZED AND OPERATED FOR THE PROVISION OF FINANCIAL ASSISTANCE AND BENEFIT TO RONALD MCDONALD HOUSE OF HOUSTON, INC. ("RMH HOUSTON"). THE HOUSTON HOUSE FOUNDATION'S PROVISION OF FINANCIAL ASSISTANCE AND BENEFIT APPLIES TO ALL PROGRAMS AND SERVICES OFFERED BY RMH HOUSTON AND MAY TAKE THE FORM OF UNRESTRICTED GENERAL OPERATING SUPPORT AS WELL AS DESIGNATED PROGRAM SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, THE HOUSTON HOUSE FOUNDATION AND ITS TRUSTEES WORKED WITH RMH HOUSTON MANAGEMENT AND BOARD MEMBERS TO SECURE DONATIONS AND PLEDGES FOR AN ENDOWMENT FOR THE RMH HOUSTON HOLCOMBE HOUSE'S PLAYGROUND AREA AND A FUND FOR RMH HOUSTON FAMILY EMERGENCY FINANCIAL NEEDS. THE DONOR-DESIGNATED PLAYGROUND FUND WILL BE USED TO SUPPORT FUTURE MAINTENANCE AND REPLACEMENT NEEDS OF THE PLAYGROUND. THE FAMILY EMERGENCY FUND WAS ESTABLISHED IN HONOR AND MEMORY OF AN RMH HOUSTON FOUNDING MEMBER, LIZ KELLEY. THE FUND IS INTENDED TO GROW SUCH THAT A PERCENTAGE OF THE EARNINGS EACH YEAR WILL BE USED BY RMH HOUSTON TO SUPPORT FAMILIES' EMERGENCY FINANCIAL NEEDS. THESE EXPENDITURES WOULD BE ADMINISTERED BY RMH HOUSTON MANAGEMENT AND SOCIAL WORK STAFF. THE HOUSTON HOUSE FOUNDATION SUPPORTED RMH HOUSTON IN 2022 WITH A $500,000 CONTRIBUTION FOR GENERAL OPERATING SUPPORT. THE HOUSTON HOUSE FOUNDATION TRUSTEES ALSO PROVIDE DIRECT AND INDIRECT PHILANTHROPIC SUPPORT TO THE FUNDRAISING ACTIVITIES OF RMH HOUSTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul D Grossbard Trustee | Trustee | 2 | $0 |
Tony Visage Secretary/treasurer | OfficerTrustee | 2 | $0 |
Deborah S Gibson President | OfficerTrustee | 3 | $0 |
David E Hicks Vice President | OfficerTrustee | 2 | $0 |
Tyler Lane Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,326 |
| Total Program Service Revenue | $0 |
| Investment income | $604,864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $761,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $96,028 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $612,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $21,391,804 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,265 |
| Total assets | $21,393,069 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $18,737,655 |
| Net assets with donor restrictions | $2,655,414 |
| 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 | $21,393,069 |
Grants Awarded
Over the last fiscal year, Houston House Foundation has awarded $3,000,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RONALD MCDONALD HOUSE PURPOSE: Capital Campaign | $2,500,000 |
RONALD MCDONALD HOUSE PURPOSE: General Operating Support | $500,000 |