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Nonprofiteer
← HOUSTON PARKS BOARD FOUNDATION

Form 990 for tax year 2023

Filed by HOUSTON PARKS BOARD FOUNDATION.

Totals

Total revenue
$331,722
Total expenses
$404,962
Contributions and grants received
$0
Grants paid
$359,000
Program service revenue
$0
Investment income
$331,722
Other revenue
$0
Total assets, end of year
$7,244,308
Total liabilities, end of year
$6,369
Net assets or fund balances, end of year
$7,237,939
Program services expenses (Part IX)
$359,000
Management and general expenses
$45,962
Fundraising expenses
$0
Program service expenses (Part III)
$359,000

Program services were 88.7% 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.

  • 3 · Investment income

    total $256,246 · excluded $256,246

  • 7a · Gross sales of assets other than inventory

    securities $1,235,464

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

    securities $1,159,988

  • 7c · Gain or loss

    securities $75,476

  • 7d · Net gain or loss

    total $75,476 · excluded $75,476

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $359,000 · program services $359,000

  • 11c · Fees: accounting

    total $4,250 · management and general $4,250

  • 11f · Fees: investment management

    total $40,793 · management and general $40,793

  • 23 · Insurance

    total $919 · management and general $919

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $11,089 · end of year $28,687

  • 11 · Investments: publicly traded securities

    beginning of year $6,952,182 · end of year $7,215,621

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,200 · end of year $1,800

  • 25 · Other liabilities

    beginning of year $0 · end of year $4,569

  • 27 · Net assets without donor restrictions

    beginning of year $152,171 · end of year $160,991

  • 28 · Net assets with donor restrictions

    beginning of year $6,809,900 · end of year $7,076,948

Mission and programs · 2023

Mission

The Houston Parks Board Foundation provides the Houston Parks Board with financial assistance to support operations and park projects.

Activities or mission (Part I)

The HPB Foundation provides HPB with financial assistance to support operations and park projects.

  • Support for the Houston Parks Board and its park projects, including the Bayou Greenways and connectors, neighborhood park projects, and greenspace in the Houston region.

    Expenses $359,000 · Grants $359,000

As filed on the 2023 return.

Listed in Part VII

  • Brady Carruth

    Chair

    Total calculated
    $0
    Hours/week
    0.1 + 3 related

  • Don Aron

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Thomas Flaherty

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 3 related

  • Jackie Martin

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Andrew Price

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Leslie Elkins Sasser

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Barron Wallace

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Beth White

    HPB President & CEO

    Total calculated
    $381,942
    From this org
    $0
    From related orgs
    $352,712
    Other
    $29,230
    Hours/week
    0.1 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $352,712 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,850 related
    Nontaxable benefits
    $0 + $16,380 related
    Filer's total
    $0 + $381,942 related

  • Melanie Musgrove

    HPB CFO

    Total calculated
    $196,757
    From this org
    $0
    From related orgs
    $185,110
    Other
    $11,647
    Hours/week
    0.1 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,110 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,724 related
    Nontaxable benefits
    $0 + $8,923 related
    Filer's total
    $0 + $196,757 related

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)

Part I, Line 3
A subcommittee of the Executive Committee of Houston Parks Board conducts an evaluation review for the top management official. The evaluation includes a performance review, an evaluation of compensation for comparable positions, and feedback from other Board Members. A written substantiation of the review and compensation decision is then prepared.

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

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
2023
Filed
14 February 2025
IRS schema version
2023v6.0
Source object
202530459349301473

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