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Nonprofiteer
← BARBARA BUSH HOUSTON LITERACY FOUNDATION

Form 990 for tax year 2022

Filed by BARBARA BUSH HOUSTON LITERACY FOUNDATION.

Totals

Total revenue
$3,437,512
Total expenses
$3,644,942
Contributions and grants received
$3,786,181
Grants paid
$874,555
Program service revenue
$1,723
Investment income
$31,263
Other revenue
-$381,655
Total assets, end of year
$9,395,008
Total liabilities, end of year
$128,229
Net assets or fund balances, end of year
$9,266,779
Program services expenses (Part IX)
$2,951,570
Management and general expenses
$325,191
Fundraising expenses
$368,181
Program service expenses (Part III)
$2,951,570

Program services were 81.0% 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

    $1,646,671

  • 1d · Related organizations

    $486,750

  • 1f · All other contributions, gifts and grants

    $1,652,760

  • 1g · Noncash contributions included above

    $128,350

  • 2a · Program service revenue: CORPORATE CREDIT CARD CASH REWARD

    total $1,723 · related or exempt $1,723

  • 3 · Investment income

    total $128,056 · excluded $128,056

  • 7a · Gross sales of assets other than inventory

    securities $1,733,298

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

    securities $1,830,091

  • 7c · Gain or loss

    securities -$96,793

  • 7d · Net gain or loss

    total -$96,793 · excluded -$96,793

  • 8a · Fundraising events: gross income

    $378,168

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

    $1,646,671

  • 8b · Fundraising events: direct expenses

    $759,823

  • 8c · Net income from fundraising events

    total -$381,655 · excluded -$381,655

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $874,555 · program services $874,555

  • 5 · Compensation of officers, directors and key employees

    total $308,878 · program services $197,682 · management and general $30,888 · fundraising $80,308

  • 7 · Other salaries and wages

    total $733,951 · program services $518,688 · management and general $82,363 · fundraising $132,900

  • 8 · Pension plan contributions

    total $29,158 · program services $17,736 · management and general $4,877 · fundraising $6,545

  • 9 · Other employee benefits

    total $72,277 · program services $60,791 · management and general $7,233 · fundraising $4,253

  • 10 · Payroll taxes

    total $78,973 · program services $54,557 · management and general $8,499 · fundraising $15,917

  • 11a · Fees: management

    total $231,422 · program services $230,000 · management and general $1,422

  • 11b · Fees: legal

    total $63 · program services $63

  • 11c · Fees: accounting

    total $7,000 · program services $7,000

  • 11f · Fees: investment management

    total $7,041 · program services $7,041

  • 11g · Fees: other

    total $189,469 · program services $83,843 · management and general $4,543 · fundraising $101,083

  • 12 · Advertising and promotion

    total $26,441 · program services $20,317 · management and general $616 · fundraising $5,508

  • 13 · Office expenses

    total $69,565 · program services $41,210 · management and general $12,985 · fundraising $15,370

  • 14 · Information technology

    total $37,778 · program services $22,137 · management and general $15,641

  • 16 · Occupancy

    total $142,922 · program services $90 · management and general $142,782 · fundraising $50

  • 17 · Travel

    total $7,208 · program services $3,304 · management and general $3,313 · fundraising $591

  • 19 · Conferences, conventions and meetings

    total $36,456 · program services $27,812 · management and general $3,174 · fundraising $5,470

  • 22 · Depreciation, depletion and amortization

    total $4,925 · management and general $4,925

  • 23 · Insurance

    total $1,785 · management and general $1,785

  • 24a · Other expenses: PROGRAM SUPPLIES - BOOK

    total $688,139 · program services $688,139

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $96,898 · program services $96,567 · management and general $145 · fundraising $186

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $38 · program services $38

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $17,330

  • 2 · Savings and temporary cash investments

    beginning of year $3,592,084 · end of year $3,126,380

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

    $49,519

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

    $32,282

  • 10c · Land, buildings and equipment, net

    beginning of year $22,162 · end of year $17,237

  • 11 · Investments: publicly traded securities

    beginning of year $5,131,329 · end of year $4,526,047

  • 12 · Investments: other securities

    beginning of year $1,933,814 · end of year $1,708,014

  • 17 · Accounts payable and accrued expenses

    beginning of year $117,727 · end of year $128,229

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $10,561,662 · end of year $9,266,779

Mission and programs · 2022

Mission

THE BARBARA BUSH HOUSTON LITERACY FOUNDATION IS DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR HOUSTONIANS ACROSS ALL AGES THROUGH THE POWER OF LITERACY.

  • THE FOUNDATION DISTRIBUTED $874,555 IN GRANTS TO SUPPORT FAMILY LITERACY PROGRAMS, ADULT LITERACY PROGRAMS AND DIRECT SERVICES, IN SCHOOL LITERACY INTERVENTION PROGRAMS FOR STRUGGLING READERS AND SUMMER LEARNING PROGRAMS TO DISADVANTAGED CHILDREN, AS WELL AS TO EXPAND ACCESS TO BOOKS AND EDUCATIONAL MATERIALS AND RESOURCES TO LOW INCOME FAMILIES.

    Expenses $2,951,570 · Grants $874,555 · Revenue $1,723

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEPHEN D MAISLIN

    DIRECTOR

    Total calculated
    $704,628
    From this org
    $0
    From related orgs
    $652,565
    Other
    $52,063
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $461,971 related
    Bonus
    $0 + $190,594 related
    Other
    $0
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $33,763 related
    Filer's total
    $0 + $704,628 related

  • MARIA BUSH

    VICE CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • NEIL BUSH

    CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • TERRI LACY

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • MARTHA CARNES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Y PING SUN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • COMMISSIONER RODNEY ELLIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • TONY CANALES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • GREG C GARLAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JULIE BAKER FINCK

    PRESIDENT/CEO/TREASURER

    Total calculated
    $308,878
    From this org
    $276,528
    From related orgs
    $0
    Other
    $32,350
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $218,790
    Bonus
    $57,738
    Other
    $0
    Deferred
    $10,882
    Nontaxable benefits
    $21,468
    Filer's total
    $308,878

  • LISA JAKEL

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $110,884
    From this org
    $106,154
    From related orgs
    $0
    Other
    $4,730
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
THE RELATED ORGANIZATION 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 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).

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
9 September 2023
IRS schema version
2022v5.0
Source object
202322569349301312

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

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