Southgate Foundation Inc
- Assets
- $1.7m
- Revenue
- $572.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Houston, TX
- Founding
- 08/1992
- Data as of
- 12/2021
- EIN
- 76-0352686
Organization Overview
Southgate Foundation Inc is located in Houston, TX. The organization was established in 1992. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, Southgate Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southgate 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, Southgate Foundation Inc generated $572.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $564.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RELIGIOUS AND EDUCATIONAL SERVICES THROUGH SUCH SPECIFIC PROGRAM ACTIVITIES AS CLASSES IN CHRISTIAN DOCTRINE, SEMINARS ON PROFESSIONAL AND SOCIAL ETHICS, AND OTHER MATTERS OF CULTURAL INTEREST: RETREATS, DAYS OF REFLECTION, LITURGICAL SERVICES, INDIVIDUAL SPIRITUAL AND MORAL COUNSELING, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED PROGRAMS FOR WOMEN AND GIRLS TO PROMOTE OUR MISSION OF BUILDING CHARACTER, STRENGTHENING THE FAMILY, GROWING IN VIRTUE, ETC. THROUGH CLASSES, SEMINARS, RETREATS AND THE LIKE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Valdeavellano Vice President | Officer | 40 | $7,999 |
Patricia Keefe Treasurer | Officer | 40 | $7,999 |
Kathleen Mcgarry Secretary | Officer | 40 | $4,000 |
Jeannette Perez-Gruber President | Officer | 40 | $2,931 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $501,329 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $530,429 |
| Total Program Service Revenue | $42,090 |
| Investment income | $0 |
| 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 | $572,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $199,822 |
| Grants and other assistance to domestic individuals. | $18,715 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $22,929 |
| Compensation of current officers, directors, key employees. | $19,998 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,010 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,880 |
| Payroll taxes | $3,730 |
| Fees for services: Management | $90,050 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,737 |
| Advertising and promotion | $0 |
| Office expenses | $1,562 |
| Information technology | $7,641 |
| Royalties | $0 |
| Occupancy | $21,028 |
| Travel | $17,616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,370 |
| Interest | $7,641 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,174 |
| All other expenses | $1,886 |
| Total functional expenses | $564,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,360 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,083 |
| 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 | $1,492,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,715,007 |
| Accounts payable and accrued expenses | $30 |
| 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 | $162,233 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $162,263 |
| Net assets without donor restrictions | $1,552,744 |
| Net assets with donor restrictions | $0 |
| 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 | $1,715,007 |
Grants Awarded
Over the last fiscal year, Southgate Foundation Inc has awarded $199,822 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: Program support | $92,939 |
New York, NY PURPOSE: Program support | $86,983 |
ARBORLEA STUDY CENTER PURPOSE: Program Service | $19,900 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Southgate Foundation Inc has recieved totaling $36,023.
| Awarding Organization | Amount |
|---|---|
Rosemoor Foundation Inc New York, NY PURPOSE: CAPITAL AND PROGRAM GRANTS | $36,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Rachal Foundation Corpus Christi, TX | $646,089,771 | $106,764,115 |
Glory Of Zion International Ministries Inc Denton, TX | $19,221,752 | $22,884,653 |
Emmaus Calling Inc Lakeway, TX | $82,731,037 | $15,260,002 |
Evelyn Rubenstein Jewish Community Center Of Houston Texas Houston, TX | $63,544,592 | $32,335,855 |
Multi-Faith Retirement Services Live Oak Retirement Center Shreveport, LA | $13,466,156 | $10,872,483 |
Southern Oklahoma Memorial Foundation Inc Ardmore, OK | $106,106,910 | $11,493,167 |
El Paso Center For Children Inc El Paso, TX | $2,932,170 | $7,098,518 |
Adult & Teen Challenge Of Texas San Antonio, TX | $11,283,106 | $8,543,774 |
Project Vida El Paso, TX | $4,738,725 | $6,974,845 |
If Gathering Dallas, TX | $3,452,499 | $4,210,258 |
Ecumenical Center For Religion And Health San Antonio, TX | $7,342,387 | $4,148,621 |
To Every Tribe Los Fresnos, TX | $3,193,524 | $2,946,318 |