Houston Independent School District Foundation
- Assets
- $6.1m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 3
- Location
- Houston, TX
- Founding
- 06/1994
- Data as of
- 06/2022
- EIN
- 76-0424529
Organization Overview
Houston Independent School District Foundation is located in Houston, TX. The organization was established in 1994. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Houston Independent School District Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Independent School District 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 06/2022, Houston Independent School District Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $4.0m during the year ending 06/2022. While expenses have increased by 16.4% per year over the past 7 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
THE FOUNDATION SUPPORTS HOUSTON INDEPENDENT SCHOOL DISTRICT'S SCHOOLS AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HISD FOUNDATION SUPPORTS THE HOUSTON INDEPENDENT SCHOOL DISTRICT AND ITS MISSION OF PROVIDING EVERY STUDENT WITH A CONSISTENTLY RIGOROUS EDUCATION IN A SAFE ENVIRONMENT. ESTABLISHED IN 1993, THE HISD FOUNDATION IS GOVERNED BY A VOLUNTEER BOARD OF DIRECTORS THAT INCLUDES LOCAL BUSINESSES, INDUSTRY, AND COMMUNITY LEADERS.THE FOUNDATION WORKS WITH THE SUPERINTENDENT OF SCHOOLS, HISD BOARD OF EDUCATION, AND HOUSTON'S BUSINESS LEADERS AND PHILANTHROPIC COMMUNITY TO RAISE FUNDS FOR THE DISTRICT AND PROVIDE SUPPORT FOR TEACHERS, STUDENTS, AND PARENTS AND BRING OVERALL AWARENESS TO THE DISTRICT'S COMMITMENT TO PROVIDING EVERY STUDENT WITH A QUALITY EDUCATION.SEE SCHEDULE O FOR FURTHER DETAILS.THE FOUNDATION SUPPORTS THE DISTRICT AND SCHOOL-BASED PROGRAMS AND INITIATIVES TO INCREASE STUDENT ACADEMIC ACHIEVEMENT, ELIMINATE THE MINORITY ACHIEVEMENT GAP, AND DEVELOP AND RETAIN EFFECTIVE EDUCATORS IN EVERY CLASSROOM.THE FOUNDATION BELIEVES EQUITY, LITERACY, INNOVATION, COLLEGE ACCESS, AND GREAT PEOPLE CAN ENSURE STUDENTS ARE PREPARED FOR COLLEGE AND THE WORKFORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Noll Chair | OfficerTrustee | 1 | $0 |
Gerald Merfish Treasurer | OfficerTrustee | 1 | $0 |
Lina Sabouni Secretary | OfficerTrustee | 1 | $0 |
Patricia Allen Director | Trustee | 1 | $0 |
Kate Burton Director | Trustee | 1 | $0 |
Tony Canales Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emerge Fellowship Curriculum Support Programs | 6/29/21 | $1,094,900 |
Testmasters Sat Test Preparation | 6/29/21 | $185,000 |
Breakthrough Houston Curriculum Support Programs | 6/29/21 | $159,371 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $405,100 |
| Related organizations | $0 |
| Government grants | $51,668 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,282,868 |
| Noncash contributions included in lines 1a–1f | $267,798 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,739,636 |
| Total Program Service Revenue | $0 |
| Investment income | $1,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$61,699 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,679,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,622,018 |
| Grants and other assistance to domestic individuals. | $130,434 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $142,453 |
| Compensation of current officers, directors, key employees. | $99,717 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,986 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,264 |
| Payroll taxes | $21,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $57,983 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $232,329 |
| Advertising and promotion | $0 |
| Office expenses | $31,118 |
| Information technology | $382,664 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,233 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,472 |
| Interest | $262 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $819 |
| Insurance | $4,167 |
| All other expenses | $0 |
| Total functional expenses | $3,958,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,185,402 |
| Savings and temporary cash investments | $779,085 |
| Pledges and grants receivable | $1,152,167 |
| 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 | $33,211 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,149,865 |
| Accounts payable and accrued expenses | $109,165 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $114,165 |
| Net assets without donor restrictions | $651,927 |
| Net assets with donor restrictions | $5,383,773 |
| 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 | $6,149,865 |