Harry E Bovay Jr Foundation
- Assets
- $37.2m
- Revenue
- $1.5m
- Investments
- $32.8m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/1991
- Data as of
- 12/2020
- EIN
- 76-0343221
Organization Overview
Harry E Bovay Jr Foundation is located in Houston, TX. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harry E Bovay Jr 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 12/2020, Harry E Bovay Jr Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.2% each year . All expenses for the organization totaled $2.4m during the year ending 12/2020. While expenses have increased by 5.1% per year over the past 6 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 2014, Harry E Bovay Jr Foundation has awarded 238 individual grants totaling $13,139,569. 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 |
|---|---|---|---|
Peggy L Kelly Director | 0 | $9,000 | |
C Ronald Dorchester Director | 0 | $9,000 | |
Frances Escriva Director | 0 | $9,000 | |
Michael L Patrick Director | 0 | $0 | |
Edward Naumes Director | 0 | $0 | |
Carl F Jaedicke Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $518,962 |
| Interest on Savings | $258,356 |
| Dividends & Interest | $582,178 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $174,337 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,533,833 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,000 |
| Other employee salaries and wages | $168,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,380 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,875 |
| Printing and publications | $0 |
| Other expenses | $31,003 |
| Total operating and administrative expenses | $499,499 |
| Contributions, gifts, grants paid | $1,927,184 |
| Total expenses and disbursements | $2,426,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,556 |
| Savings and temporary cash investments | $4,415,642 |
| 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 | $32,767,594 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $37,196,792 |
| 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, Harry E Bovay Jr Foundation has awarded $1,227,197 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BOVAY SCOUT RANCHSHAC PURPOSE: GRANT - TO SUPPORT THE MISSION OF THE ORGANIZATION | $407,754 |
PHILMONT SCOUT RANCH PURPOSE: GRANT- TO SUPPORT THE MISSION OF THE ORGANZATION | $215,385 |
Fayette, AL PURPOSE: SCHOLARSHIPS | $192,123 |
COMM AND ECONOMIC DEVELOPMENT PURPOSE: GRANT - TO SUPPORT THE MISSION OF THE ORGANIZATION | $111,187 |
EDUCATOR GRANTS PURPOSE: SCHOLARSHIPS | $78,794 |
DIRECTORS CHARITABLE GIFTS PURPOSE: CHARITABLE | $61,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |