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Nonprofiteer
← FOUNDATION FOR SOUTHEAST TEXAS INC

Form 990 for tax year 2022

Filed by FOUNDATION FOR SOUTHEAST TEXAS INC.

Totals

Total revenue
$2,071,618
Total expenses
$1,349,613
Contributions and grants received
$923,687
Grants paid
$755,772
Program service revenue
$183,360
Investment income
$737,727
Other revenue
$226,844
Total assets, end of year
$23,720,377
Total liabilities, end of year
$1,897,422
Net assets or fund balances, end of year
$21,822,955
Program services expenses (Part IX)
$1,123,890
Management and general expenses
$131,478
Fundraising expenses
$94,245
Program service expenses (Part III)
$1,123,890

Program services were 83.3% 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.

  • 1f · All other contributions, gifts and grants

    $923,687

  • 1g · Noncash contributions included above

    $33,672

  • 2a · Program service revenue: OFFICE RENTAL

    total $183,360 · related or exempt $183,360

  • 3 · Investment income

    total $571,418 · excluded $571,418

  • 5 · Royalties

    total $177,981 · excluded $177,981

  • 7a · Gross sales of assets other than inventory

    securities $6,660,719

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

    securities $6,494,410

  • 7c · Gain or loss

    securities $166,309

  • 7d · Net gain or loss

    total $166,309 · related or exempt $166,309

  • 8a · Fundraising events: gross income

    $163,430

  • 8b · Fundraising events: direct expenses

    $137,043

  • 8c · Net income from fundraising events

    total $26,387

  • 11a · Other revenue: OTHER INCOME

    total $21,978 · related or exempt $21,978

  • 11b · Other revenue: PROMOTIONAL ITEMS

    total $498 · related or exempt $498

  • 11e · Other revenue, total

    $22,476

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $755,772 · program services $755,772

  • 5 · Compensation of officers, directors and key employees

    total $72,693 · program services $36,347 · management and general $18,173 · fundraising $18,173

  • 7 · Other salaries and wages

    total $34,000 · management and general $17,000 · fundraising $17,000

  • 8 · Pension plan contributions

    total $18,173 · program services $9,087 · management and general $4,543 · fundraising $4,543

  • 9 · Other employee benefits

    total $7,300 · program services $3,650 · management and general $1,825 · fundraising $1,825

  • 10 · Payroll taxes

    total $8,162 · program services $2,781 · management and general $2,690 · fundraising $2,691

  • 11c · Fees: accounting

    total $15,766 · management and general $15,766

  • 11f · Fees: investment management

    total $70,993 · program services $70,993

  • 11g · Fees: other

    total $9,169 · program services $9,169

  • 13 · Office expenses

    total $17,469 · management and general $8,735 · fundraising $8,734

  • 16 · Occupancy

    total $83,880 · program services $83,880

  • 19 · Conferences, conventions and meetings

    total $5,205 · management and general $5,205

  • 22 · Depreciation, depletion and amortization

    total $66,378 · program services $66,378

  • 23 · Insurance

    total $23,882 · program services $18,806 · management and general $5,076

  • 24a · Other expenses: SCHOLASHIPS

    total $66,102 · program services $66,102

  • 24b · Other expenses: DONOR RELATIONS

    total $39,015 · management and general $19,508 · fundraising $19,507

  • 24c · Other expenses: PROMOTIONAL ITEMS

    total $32,388 · management and general $16,194 · fundraising $16,194

  • 24d · Other expenses: GRANT AWARD CEREMONY

    total $11,754 · program services $724 · management and general $5,515 · fundraising $5,515

  • 24e · All other expenses

    total $11,512 · program services $201 · management and general $11,248 · fundraising $63

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,095,701 · end of year $1,938,980

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

    $2,593,201

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

    $1,133,959

  • 10c · Land, buildings and equipment, net

    beginning of year $1,513,480 · end of year $1,459,242

  • 11 · Investments: publicly traded securities

    beginning of year $21,994,892 · end of year $19,822,515

  • 12 · Investments: other securities

    beginning of year $8,000 · end of year $25,980

  • 15 · Other assets

    beginning of year $93,939 · end of year $473,660

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,188 · end of year $784

  • 25 · Other liabilities

    beginning of year $1,995,472 · end of year $1,896,638

  • 27 · Net assets without donor restrictions

    beginning of year $6,503,313 · end of year $6,630,305

  • 28 · Net assets with donor restrictions

    beginning of year $17,192,039 · end of year $15,192,650

Mission and programs · 2022

Mission

THE MISSION OF THE FOUNDATION FOR SOUTHEAST TEXAS SHALL BE TO MAKE A POSITIVE DIFFERENCE IN THE QUALITY OF LIFE IN THE AREA BY ENCOURAGING PHILANTHROPIC GIFTS AND BY ASSISTING DONORS IN ACHIEVING THEIR CHARITABLE GOALS THROUGH THE PROFESSIONAL MANAGEMENT AND CONSIDERED AND CARING DISTRIBUTION OF SUCH GIFTS

  • DISTRIBUTIONS FOR ORGANIZATIONS QUALIFYING UNDER IRC SECTION 501 (C)(3) PER DONOR STIPULATIONS.

    Expenses $945,580 · Grants $755,772 · Revenue $183,360

  • RENTAL OF OFFICE SPACE TO NONPROFIT ORGANIZATIONS.

    Expenses $178,310

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

Listed in Part VII

  • Mellie Bevilacqua

    EXECUTIVE DI

    Total calculated
    $72,693
    From this org
    $72,693
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • The Honorable Courtney Arkeen

    PRESIDENT

    Total calculated
    $0

  • Bobby Beaver

    DIRECTOR

    Total calculated
    $0

  • Lisa O' Blanc

    DIRECTOR

    Total calculated
    $0

  • Tina Bradley

    SECRETARY

    Total calculated
    $0

  • Ben Broussard

    DIRECTOR

    Total calculated
    $0

  • Cody Cupit

    DIRECTOR

    Total calculated
    $0

  • Ron Fletcher

    DIRECTOR

    Total calculated
    $0

  • Phyllis Geans

    DIRECTOR

    Total calculated
    $0

  • Mark Hall

    DIRECTOR

    Total calculated
    $0

  • Shawn Hare

    VICE PRESIDE

    Total calculated
    $0

  • Meredith Hise

    PAST PRESIDE

    Total calculated
    $0

  • Denise Leblanc

    TREASURER

    Total calculated
    $0

  • Samantha Leifeste

    DIRECTOR

    Total calculated
    $0

  • Valerie Lewis

    DIRECTOR

    Total calculated
    $0

  • Sara Norman

    DIRECTOR

    Total calculated
    $0

  • Donean Surrat

    DIRECTOR

    Total calculated
    $0

  • David Thieme

    DIRECTOR

    Total calculated
    $0

  • Jeremy Triska

    DIRECTOR

    Total calculated
    $0

  • Linsi Walker

    DIRECTOR

    Total calculated
    $0

  • Roy West

    DIRECTOR

    Total calculated
    $0

  • Pam Williams

    DIRECTOR

    Total calculated
    $0

  • Allison Wright

    DIRECTOR

    Total calculated
    $0

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.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2022
Filed
2 October 2023
IRS schema version
2022v5.0
Source object
202303049349302610

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

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