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Nonprofiteer
← UNIVERSITY OF HOUSTON FOUNDATION

Form 990 for tax year 2023

Filed by UNIVERSITY OF HOUSTON FOUNDATION.

Totals

Total revenue
$16,456,033
Total expenses
$11,538,603
Contributions and grants received
$5,319,504
Grants paid
$9,841,310
Program service revenue
$0
Investment income
$11,136,529
Other revenue
$0
Total assets, end of year
$214,610,234
Total liabilities, end of year
$13,752,804
Net assets or fund balances, end of year
$200,857,430
Program services expenses (Part IX)
$9,841,310
Management and general expenses
$1,697,293
Fundraising expenses
$0
Program service expenses (Part III)
$9,841,310

Program services were 85.3% 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.

  • 1e · Government grants (contributions)

    $589,723

  • 1f · All other contributions, gifts and grants

    $4,729,781

  • 3 · Investment income

    total $10,408,935 · excluded $10,408,935

  • 7a · Gross sales of assets other than inventory

    securities $34,656,273

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

    securities $33,928,679

  • 7c · Gain or loss

    securities $727,594

  • 7d · Net gain or loss

    total $727,594 · excluded $727,594

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,841,310 · program services $9,841,310

  • 5 · Compensation of officers, directors and key employees

    total $359,230 · management and general $359,230

  • 7 · Other salaries and wages

    total $266,742 · management and general $266,742

  • 8 · Pension plan contributions

    total $15,886 · management and general $15,886

  • 9 · Other employee benefits

    total $23,293 · management and general $23,293

  • 10 · Payroll taxes

    total $35,616 · management and general $35,616

  • 11c · Fees: accounting

    total $37,880 · management and general $37,880

  • 11f · Fees: investment management

    total $866,451 · management and general $866,451

  • 11g · Fees: other

    total $5,265 · management and general $5,265

  • 13 · Office expenses

    total $23,347 · management and general $23,347

  • 16 · Occupancy

    total $45,044 · management and general $45,044

  • 19 · Conferences, conventions and meetings

    total $527 · management and general $527

  • 22 · Depreciation, depletion and amortization

    total $3,219 · management and general $3,219

  • 23 · Insurance

    total $14,793 · management and general $14,793

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100 · end of year $100

  • 2 · Savings and temporary cash investments

    beginning of year $34,517 · end of year $64,129

  • 3 · Pledges and grants receivable

    beginning of year $1,089,073 · end of year $1,248,867

  • 4 · Accounts receivable

    beginning of year $58,806 · end of year $15

  • 9 · Prepaid expenses and deferred charges

    beginning of year $74,459 · end of year $81,997

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

    $97,355

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

    $34,043

  • 10c · Land, buildings and equipment, net

    beginning of year $65,832 · end of year $63,312

  • 11 · Investments: publicly traded securities

    beginning of year $186,081,257 · end of year $213,109,485

  • 15 · Other assets

    beginning of year $86,059 · end of year $42,329

  • 17 · Accounts payable and accrued expenses

    beginning of year $370,260 · end of year $91,418

  • 18 · Grants payable

    beginning of year $11,549,760 · end of year $12,277,754

  • 25 · Other liabilities

    beginning of year $1,414,964 · end of year $1,383,632

  • 27 · Net assets without donor restrictions

    beginning of year $3,750,251 · end of year $5,320,693

  • 28 · Net assets with donor restrictions

    beginning of year $170,404,868 · end of year $195,536,737

Mission and programs · 2023

Mission

University of Houston Foundation provides program support to University of Houston System for various scholarship and educational programs.

Activities or mission (Part I)

The University of Houston Foundation operates for the advancement and general welfare of the educational programs of the University of Houston and its components. The Foundation receives contributions and manages and administers those funds.

  • University of Houston Foundation provides program support to University of Houston System for various scholarship and educational programs for colleges listed in Schedule I.

    Expenses $9,841,310 · Grants $9,841,310

As filed on the 2023 return.

Listed in Part VII

  • Orlando Sanchez

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Rob Arnold

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Alvin Zimmerman

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Jeff Granberry

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Mike Booker

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • J Downey Bridgwater

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Arturo Chavez

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Paula Douglass

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lisa Duchman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Hoyt

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mia Lorick

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Terrylin G Neale

    President

    Total calculated
    $349,452
    From this org
    $313,921
    From related orgs
    $0
    Other
    $35,531
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $313,921
    Bonus
    $0
    Other
    $0
    Deferred
    $21,962
    Nontaxable benefits
    $13,569
    Filer's total
    $349,452

  • Joanne Kelley

    Accounting Manager

    Total calculated
    $178,863
    From this org
    $150,240
    From related orgs
    $0
    Other
    $28,623
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,240
    Bonus
    $0
    Other
    $0
    Deferred
    $11,042
    Nontaxable benefits
    $17,581
    Filer's total
    $178,863

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

  • University of Houston

    $3,470,330

    Scholarships

  • UH - System

    $2,279,852

    Program Support

  • UH - College of Global Hospitality Leadership

    $1,571,030

    Program Support

  • UH - Athletics

    $661,082

    Program Support

  • UH - College of the Arts

    $648,483

    Program Support

  • UH - Liberal Arts and Social Sciences

    $409,166

    Program Support

  • UH - Optometry

    $168,783

    Program Support

  • UH - Engineering

    $112,008

    Program Support

  • UH - Social Work

    $106,938

    Program Support

  • UH - Natural Sciences & Mathematics

    $93,069

    Program Support

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

Provenance

Return type
form_990
Tax year
2023
Filed
10 April 2025
IRS schema version
2023v6.0
Source object
202511009349300731

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

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