Avvento Foundation
- Assets
- $6.9m
- Revenue
- $7.0m
- Investments
- $3.5m
- Employees
- 0
- Location
- Bellaire, TX
- Founding
- Data as of
- 12/2022
- EIN
- 87-3061205
Organization Overview
Avvento Foundation is located in Bellaire, TX. 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. Avvento 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 12/2022, Avvento Foundation generated $7.0m in total revenue. All expenses for the organization totaled $101.3k during the year ending 12/2022.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS NO DIRECT CHARITABLE ACTIVITIES. DONATIONS ARE MADE TO RELIGIOUS, CHARITABLE, AND EDUCATIONAL INSTITUTIONS AND THE FOUNDATION HAS NO CONTROL OVER USE OF FUNDS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlene Mary Brandau Director | 10 | $0 | |
Christopher O'shea Director | 0 | $0 | |
Julie O'shea Director | 0 | $0 | |
James O'shea Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,923,797 |
| Interest on Savings | $366 |
| Dividends & Interest | $77,314 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,482 |
| Capital Gain Net Income | $32,482 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,033,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $653 |
| Pension plans, employee benefits | $21,388 |
| Interest | $0 |
| Taxes | $828 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,028 |
| Printing and publications | $0 |
| Other expenses | $4,434 |
| Total operating and administrative expenses | $64,835 |
| Contributions, gifts, grants paid | $36,503 |
| Total expenses and disbursements | $101,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,328 |
| Savings and temporary cash investments | $3,350,117 |
| 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 | $3,488,723 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,862,168 |
| 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, Avvento Foundation has awarded $36,503 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY GHOST CATHOLIC CHURCH PURPOSE: GENERAL SUPPORT. | $200 |
ST MARY'S CHAPEL PURPOSE: GENERAL SUPPORT. | $150 |
ST ANNE CATHOLIC CHURCH PURPOSE: GENERAL SUPPORT. | $200 |
ST MICHAEL THE ARCHANGEL CATHOLIC CHURCH PURPOSE: GENERAL SUPPORT. | $100 |
CATHOLIC EXTENSION PURPOSE: GENERAL SUPPORT. | $400 |
HOUSTON PHILANTHROPY CIRCLE PURPOSE: GENERAL SUPPORT. | $600 |