Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $232,439

• 1e · Government grants (contributions)

  $778,472

• 1f · All other contributions, gifts and grants

  $203,361,950

• 1g · Noncash contributions included above

  $107,621,745

• 2a · Program service revenue: ADMINISTRATIVE FEE

  total $1,322,156 · excluded $1,322,156

• 2b · Program service revenue: ADMINISTRATIVE FEE

  total $285,039 · unrelated business $285,039

• 3 · Investment income

  total $16,806,743 · excluded $16,806,743

• 7a · Gross sales of assets other than inventory

  securities $357,733,348

• 7b · Less cost or other basis and sales expenses

  securities $346,330,597

• 7c · Gain or loss

  securities $11,402,751

• 7d · Net gain or loss

  total $11,402,751 · excluded $11,402,751

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $444,066,818 · program services $444,066,818

• 2 · Grants to domestic individuals

  total $3,853,738 · program services $3,853,738

• 3 · Grants to foreign organizations and individuals

  total $4,330,736 · program services $4,330,736

• 5 · Compensation of officers, directors and key employees

  total $2,958,969 · program services $737,443 · management and general $1,888,250 · fundraising $333,276

• 7 · Other salaries and wages

  total $2,847,373 · program services $1,472,761 · management and general $1,026,741 · fundraising $347,871

• 8 · Pension plan contributions

  total $118,641 · program services $70,715 · management and general $35,008 · fundraising $12,918

• 9 · Other employee benefits

  total $301,324 · program services $158,184 · management and general $106,491 · fundraising $36,649

• 10 · Payroll taxes

  total $381,083 · program services $160,381 · management and general $173,472 · fundraising $47,230

• 11a · Fees: management

  total $2,576,903 · program services $2,467,369 · management and general $43,604 · fundraising $65,930

• 11b · Fees: legal

  total $77,704 · program services $61,105 · management and general $15,118 · fundraising $1,481

• 11c · Fees: accounting

  total $119,305 · program services $4,500 · management and general $114,805

• 11f · Fees: investment management

  total $1,526,849 · program services $1,526,849

• 11g · Fees: other

  total $909,234 · program services $739,646 · management and general $66,472 · fundraising $103,116

• 12 · Advertising and promotion

  total $224,235 · program services $99,387 · management and general $2,402 · fundraising $122,446

• 13 · Office expenses

  total $108,261 · program services $48,533 · management and general $52,270 · fundraising $7,458

• 14 · Information technology

  total $731,784 · program services $594,023 · management and general $49,370 · fundraising $88,391

• 16 · Occupancy

  total $733,762 · program services $84,564 · management and general $646,271 · fundraising $2,927

• 17 · Travel

  total $107,683 · program services $100,622 · management and general $5,557 · fundraising $1,504

• 19 · Conferences, conventions and meetings

  total $257,932 · program services $187,885 · management and general $35,151 · fundraising $34,896

• 22 · Depreciation, depletion and amortization

  total $87,190 · management and general $87,190

• 23 · Insurance

  total $91,134 · program services $23,357 · management and general $67,777

• 24a · Other expenses: PROGRAM SUPPLIES

  total $741,372 · program services $741,193 · fundraising $179

• 24b · Other expenses: PROFESSIONAL DEVELOPMEN

  total $24,100 · program services $12,522 · management and general $11,235 · fundraising $343

• 24c · Other expenses: FEES AND LICENSES

  total $15,204 · program services $13,396 · management and general $1,543 · fundraising $265

• 24d · Other expenses: STATE TAXES

  total $1,451 · management and general $1,451

• 24e · All other expenses

  total -$45 · program services -$45

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $29,310

• 2 · Savings and temporary cash investments

  beginning of year $480,637,937 · end of year $233,361,396

• 3 · Pledges and grants receivable

  beginning of year $339,304 · end of year $854,625

• 4 · Accounts receivable

  end of year $139,485

• 7 · Other notes and loans receivable

  beginning of year $10,091,753 · end of year $14,507,092

• 9 · Prepaid expenses and deferred charges

  beginning of year $770,214 · end of year $153,293

• 10a · Land, buildings and equipment: cost or other basis

  $4,841,263

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,498,340

• 10c · Land, buildings and equipment, net

  beginning of year $330,428 · end of year $3,342,923

• 11 · Investments: publicly traded securities

  beginning of year $575,833,142 · end of year $523,353,247

• 12 · Investments: other securities

  beginning of year $209,785,730 · end of year $153,894,140

• 17 · Accounts payable and accrued expenses

  beginning of year $2,957,557 · end of year $2,829,980

• 18 · Grants payable

  beginning of year $9,861,866 · end of year $22,202,523

• 19 · Deferred revenue

  end of year $3,099,685

• 21 · Escrow or custodial account liability

  beginning of year $8,371,942 · end of year $6,958,866

• 25 · Other liabilities

  beginning of year $11,653,058 · end of year $10,073,032

• 27 · Net assets without donor restrictions

  beginning of year $1,238,894,645 · end of year $879,678,425

• 28 · Net assets with donor restrictions

  beginning of year $6,049,440 · end of year $4,793,000

The filer's explanations (Part III)

PART I, LINE 4B

THE COMPANY HAS ENTERED INTO A DEFERRED COMPENSATION AGREEMENT WITH AN EXECUTIVE EMPLOYED BY GREATER HOUSTON COMMUNITY FOUNDATION. THE TERM OF THE AGREEMENT IS COEXTENSIVE WITH THE TERM OF THE EMPLOYEE'S EMPLOYMENT WITH THE FOUNDATION. THE AGREEMENT PROVIDES ONLY DEFERRED AND CONTINGENT COMPENSATION WHICH IS PAYABLE AS THE EMPLOYEE BECOMES VESTED IN THAT COMPENSATION.

PART I, LINE 7

CERTAIN EMPLOYEES PARTICIPATED IN AN INCENTIVE PAY AGREEMENT WITH THE COMPANY. INCENTIVE PAY IS BASED UPON 2022 PERFORMANCE, PAYABLE IN 2023.

PART I, LINE 8

THE DEFERRED COMPENSATION AGREEMENT DISCLOSED IN LINE 4B IS SUBJECT TO THE INITIAL CONTRACT EXCEPTION DESCRIBED IN REGS. SECTION 53.4958-4(A)(3).

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• 1608 BRANARD LLC

  HOLDING COMPANY · TX · income $0 · assets $0

  Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

• 3918 MANDELL LLC

  HOLDING COMPANY · TX · income $0 · assets $0

  Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION