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Nonprofiteer
← HOUSTON MARATHON FOUNDATION INC

Form 990 for tax year 2023

Filed by HOUSTON MARATHON FOUNDATION INC.

Totals

Total revenue
$425,421
Total expenses
$361,939
Contributions and grants received
$420,836
Grants paid
$355,331
Program service revenue
$0
Investment income
$9,288
Other revenue
-$4,703
Total assets, end of year
$297,230
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$297,230
Program services expenses (Part IX)
$355,331
Management and general expenses
$4,844
Fundraising expenses
$1,764
Program service expenses (Part III)
$355,331

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $11,426

  • 1e · Government grants (contributions)

    $6,400

  • 1f · All other contributions, gifts and grants

    $403,010

  • 1g · Noncash contributions included above

    $40,463

  • 3 · Investment income

    total $9,288 · excluded $9,288

  • 8a · Fundraising events: gross income

    $10,760

  • 8a · Fundraising events: contributions included on line 1c

    $11,426

  • 8b · Fundraising events: direct expenses

    $15,463

  • 8c · Net income from fundraising events

    total -$4,703 · excluded -$4,703

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $275,000 · program services $275,000

  • 2 · Grants to domestic individuals

    total $80,331 · program services $80,331

  • 11c · Fees: accounting

    total $3,684 · management and general $3,684

  • 12 · Advertising and promotion

    total $879 · management and general $879

  • 13 · Office expenses

    total $1,325 · management and general $61 · fundraising $1,264

  • 19 · Conferences, conventions and meetings

    total $220 · management and general $220

  • 24a · Other expenses: Events expenses

    total $500 · fundraising $500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,748 · end of year $97,230

  • 2 · Savings and temporary cash investments

    beginning of year $125,000 · end of year $200,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,000

  • 27 · Net assets without donor restrictions

    beginning of year $233,748 · end of year $297,230

Mission and programs · 2023

Mission

Houston Marathon Foundation supports the advancement of running as an element of a balanced, healthy life in the Houston community and nationally.

Activities or mission (Part I)

Support running as a healthy lifestyle by providing financial help to local and national orgs.

  • The Houston Marathon Foundation provides community support for organizations encouraging health and wellness programs. We support people, projects, and ideas that promote an understanding of, access to, and participation in running as part of a physical fitness regimen. We also provide grants for innovative thinking and research in creating running-related programs.

    Expenses $275,000 · Grants $275,000

  • Youth initiatives of the Houston Marathon Foundation provide grants for running-related programs and support initiatives, which include after-school running programs, We Run Houston, college scholarships for high school students, and health and wellness activities.

    Expenses $80,331 · Grants $80,331

  • United States Elite Athlete Development Support - The Houston Marathon Foundation supports local and national programs for elite athlete development.

  • Community Support for Athletes with Disabilities - The Houston Marathon Foundation is committed to making running accessible to athletes of all abilities for opportunities to participate in races and other physical activities.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chris Gerow

    President

    Total calculated
    $0
    Hours/week
    5

  • Townes Pressler

    Vice-President

    Total calculated
    $0
    Hours/week
    5

  • Charlie Bass

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Doug Suell

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Sarah Bardwell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Madeline Bunch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brant Kotch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert Sawchuk

    Director

    Total calculated
    $0
    Hours/week
    1

  • Erica Serrano

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wade Morehead

    Executive Director

    Total calculated
    $16,575
    From this org
    $16,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $16,575
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $16,575

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Compensation from Unrelated Organizations
Wade Morehead, Executive Director, is compensated by the Houston Marathon Committee (HMC), an unrelated organization. The Houston Marathon Foundation (HMF) has no employees. Houston Marathon Committee employees perform some administrative tasks not performed by volunteers or HMF Board members. Their time is donated to the HMF by the HMC. Services of the HMC Executive Director are also contributed to the HMF to manage specific administrative tasks. The estimated value of those services is reported in Part VII and Schedule J.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
12 February 2025
IRS schema version
2023v6.0
Source object
202510439349300716

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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