Welch Institute
- Assets
- $1.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Houston, TX
- Founding
- Data as of
- 06/2021
- EIN
- 85-3543248
Organization Overview
Welch Institute is located in Houston, TX. According to its NTEE Classification (U33) the organization is classified as: Chemistry & Chemical Engineering, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Welch Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE WELCH INSTITUTE ("THE INSTITUTE") IS TO LEVERAGE AND INTEGRATE THE KNOWLEDGE, EXPERTISE AND RESOURCES OF WILLIAM MARSH RICE UNIVERSITY ("RICE UNIVERSITY") AND THE ROBERT A. WELCH FOUNDATION ("WELCH FOUNDATION") IN THE DISCIPLINE OF CHEMISTRY, AND CHEMISTRY-RELATED ENDEAVORS IN THE DISCIPLINES OF PHYSICS, ENGINEERING, ARTIFICIAL INTELLIGENCE AND DATA SCIENCE, IN EACH CASE, TO ESTABLISH A WORLD-LEADING ADVANCED MATERIALS RESEARCH ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE IS DESIGNED TO LEVERAGE AND INTEGRATE THE KNOWLEDGE, EXPERTISE AND RESOURCES OF RICE UNIVERSITY AND WELCH FOUNDATION IN THE DISCIPLINE OF CHEMISTRY AND CHEMISTRY-RELATED ENDEAVORS TO ESTABLISH A WORLD-LEADING ADVANCED MATERIALS RESEARCH ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,941,989 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,941,989 |
| Total Program Service Revenue | $0 |
| 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 | $1,941,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,036 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $335,427 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $430,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,511,488 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| 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 | $1,511,488 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,511,488 |
| 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 | $1,511,488 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Welch Institute Houston, TX | $1,511,488 | $1,941,989 |
Northeast Texas Chapter American Concrete Institute Whitesboro, TX | $506,631 | $287,764 |
American Chemical Society Santa Fe, NM | $707,749 | $340,650 |
The American Leather Chemists Association Lubbock, TX | $243,612 | $138,389 |
Northeastern Chemical Association Inc Houston, TX | $120,245 | $0 |
American Institute Of Chemical Engineers Sugar Land, TX | $176,392 | $0 |
Houston Chemical Association Houston, TX | $90,486 | $0 |
Gulf South Rotating Machinery Symposium Baton Rouge, LA | $0 | $114 |
Malto Medicinal Chemistry Ok Inc Kingsville, TX | $0 | $0 |