Robert A And Virginia Heinlein Prize Trust
- Assets
- $7.2m
- Revenue
- $935.2k
- Investments
- $4.5m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/1993
- Data as of
- 12/2021
- EIN
- 76-6079186
Organization Overview
Robert A And Virginia Heinlein Prize Trust is located in Houston, TX. The organization was established in 1993. 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. Robert A And Virginia Heinlein Prize Trust 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, Robert A And Virginia Heinlein Prize Trust generated $935.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Robert A And Virginia Heinlein Prize Trust has awarded 90 individual grants totaling $1,088,702. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND AWARDS TO INDIVIDUALS AND EXEMPT ORGANIZATIONS FOR PURPOSES RELATED TO THE GOALS OF THE FOUNDATION.
ARCHIVE COST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John B Hightower Trustee | 5 | $35,000 | |
James M Vaughn Trustee | 5 | $35,000 | |
Art Dula Trustee | 20 | $33,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,887 |
| Dividends & Interest | $236,752 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $195,511 |
| Capital Gain Net Income | $195,511 |
| Net ST Capital Gain | $10,469 |
| Income Modifications | $83 |
| Profit on Inventory Sales | $0 |
| Other Income | $490,040 |
| Total Revenue | $935,190 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $103,300 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,257 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $175 |
| Printing and publications | $0 |
| Other expenses | $32,864 |
| Total operating and administrative expenses | $1,144,096 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $1,171,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $85,785 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $50,093 |
| Net other notes and loans receivable | $2,183,094 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $331,190 |
| Total assets | $7,163,806 |
| 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, Robert A And Virginia Heinlein Prize Trust has awarded $27,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL SPACE SOCIETY PURPOSE: SUPPORT FOR SPONSORSHIP SSP 2021 B-7 NOV, TO FURTHER THE MISSION OF THE TRUST. | $10,000 |
THE HEINLEIN SOCIETY PURPOSE: SUPPORT FOR HEINLEIN FOR HEROES PROGRAM REIMBURSEMENT: 2021 GRANT FOR PACKING AND MAILING FOR H4H PROGRAM, TO FURTHER THE MISSION OF THE TRUST. | $9,000 |
DONALD THOMAS PURPOSE: GRANT FOR PARTICIPATION RE SPACE WEEK IN 2020, TO FURTHER THE MISSION OF THE TRUST. | $5,000 |
BEYOND EARTH INSTITUTE PURPOSE: SPONSORSHIP FOR THE BE APRIL 28WEBINAR, TO FURTHER THE MISSION OF THE TRUST. | $3,000 |
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 |