West Endowment
- Assets
- $9.8m
- Revenue
- $514.3k
- Investments
- $7.6m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 11/1995
- Data as of
- 12/2022
- EIN
- 76-0481204
Organization Overview
West Endowment is located in Houston, TX. The organization was established in 1995. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Endowment 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, West Endowment generated $514.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $697.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, West Endowment has awarded 54 individual grants totaling $1,771,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WEST ENDOWMENT MADE SEVERAL CONTRIBUTIONS TO VARIOUSORGANIZATIONS FOR VARIOUS CHARITABLE PURPOSES, INCLUDINGEDUCATIONAL, MEDICAL, AND GENERAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margene West Lloyd Vp, Treasurer & Asst Sec/director | 2 | $0 | |
William West Lloyd President/director | 2 | $0 | |
Ronald S Webster Secretary/director | 0.39 | $0 | |
Roger A Soape Vp/director | 0.2 | $0 | |
Peter K Jameson Director | 0.08 | $0 | |
Karen Scoggins Asst Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35,513 |
| Dividends & Interest | $189,195 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $99,861 |
| Capital Gain Net Income | $99,861 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $189,713 |
| Total Revenue | $514,282 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,257 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,340 |
| Total operating and administrative expenses | $78,803 |
| Contributions, gifts, grants paid | $619,000 |
| Total expenses and disbursements | $697,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,137,709 |
| 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 | $846 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $103,761 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,489 |
| Total assets | $9,753,016 |
| 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, West Endowment has awarded $619,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CHERISH OUR CHILDREN INC PURPOSE: GENERAL PURPOSE | $10,000 |
CINCO CHARITIES INC (DBA THE BALLARD HOUSE) PURPOSE: GENERAL PURPOSE | $10,000 |
COMMUNITIES IN SCHOOLS OF HOUSTON INC PURPOSE: EDUCATIONAL PURPOSE | $15,000 |
COVENANT HOUSE TEXAS PURPOSE: GENERAL PURPOSE | $75,000 |
DA CAMERA SOCIETY OF TEXAS PURPOSE: GENERAL PURPOSE | $10,000 |
GRACEWOOD INC PURPOSE: RELIGIOUS PURPOSE | $15,000 |