Ghs Foundation
- Assets
- $24.3m
- Revenue
- $3.9m
- Investments
- $24.0m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/2000
- Data as of
- 02/2022
- EIN
- 76-0628970
Organization Overview
Ghs Foundation is located in Houston, TX. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ghs 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 02/2022, Ghs Foundation generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $2.1m during the year ending 02/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Ghs Foundation has awarded 23 individual grants totaling $8,046,100. 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 |
|---|---|---|---|
Nancy Hamlin Cooke Vp, Sec & Treas | 20 | $154,200 | |
Robert E Hutson Vice President | 20 | $100,008 | |
Gerald H Smith President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,300,000 |
| Interest on Savings | $278 |
| Dividends & Interest | $923,653 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,525,033 |
| Capital Gain Net Income | $3,187,305 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $117,810 |
| Total Revenue | $3,866,774 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $263,808 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,976 |
| Depreciation | $0 |
| Occupancy | $19,536 |
| Travel, conferences, and meetings | $5,464 |
| Printing and publications | $0 |
| Other expenses | $51,690 |
| Total operating and administrative expenses | $372,625 |
| Contributions, gifts, grants paid | $1,736,000 |
| Total expenses and disbursements | $2,108,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,302 |
| Savings and temporary cash investments | $172,717 |
| 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 | $6,073,564 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,262,767 |
| 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, Ghs Foundation has awarded $1,736,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Nacogdoches, TX PURPOSE: SCHOLARSHIPS | $603,000 |
LAMAR UNIVERSITY COLLEGE OF BUSINESS PURPOSE: SCHOLARSHIPS | $560,000 |
SAM HOUSTON STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $367,500 |
Beaumont, TX PURPOSE: SCHOLARSHIPS | $123,500 |
ANGELINA COLLEGE PURPOSE: SCHOLARSHIPS | $80,000 |
ANGEL FLIGHT (SOUTH CENTRAL) PURPOSE: GENERAL FUNDS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centerpoint Energy Foundation Inc Houston, TX | $70,813,659 | $24,292,942 |
The Cullen Foundation Houston, TX | $278,005,765 | $19,628,625 |
Union General Hospital Farmerville, LA | $25,999,661 | $20,373,665 |
Karakin Foundation Abilene, TX | $132,653,937 | $29,351,833 |
Fore Kids Foundation Inc Avondale, LA | $11,128,381 | $16,554,167 |
Addy Foundation Dallas, TX | $79,281,983 | $6,993,780 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Stanley E Fulton Family Foundation Dallas, TX | $203,743,171 | -$10,523,305 |
Srb Charitable Corporation Fort Worth, TX | $75,222,672 | $6,910,443 |
Jay Pritzker Foundation Houston, TX | $33,789,125 | $2,840,542 |
Greehey Family Foundation San Antonio, TX | $169,607,829 | $20,192,503 |
Eula Mae And John Baugh Foundation Jersey Village, TX | $172,592,135 | $27,686,076 |