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Nonprofiteer
← GREATER HOUSTON PARTNERSHIPFOUNDATION

Form 990 for tax year 2023

Filed by GREATER HOUSTON PARTNERSHIPFOUNDATION.

Totals

Total revenue
$3,181,357
Total expenses
$2,887,877
Contributions and grants received
$3,248,117
Grants paid
$2,776,428
Program service revenue
$0
Investment income
$30,799
Other revenue
-$97,559
Total assets, end of year
$5,732,274
Total liabilities, end of year
$37,000
Net assets or fund balances, end of year
$5,695,274
Program services expenses (Part IX)
$2,776,428
Management and general expenses
$111,449
Fundraising expenses
$0
Program service expenses (Part III)
$2,776,428

Program services were 96.1% 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

    $147,417

  • 1f · All other contributions, gifts and grants

    $3,100,700

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $30,840 · excluded $30,840

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $22,960

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

    securities $23,001

  • 7c · Gain or loss

    securities -$41 · other assets $0

  • 7d · Net gain or loss

    total -$41 · excluded -$41

  • 8a · Fundraising events: gross income

    $152,883

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

    $147,417

  • 8b · Fundraising events: direct expenses

    $250,538

  • 8c · Net income from fundraising events

    total -$97,655 · excluded -$97,655

  • 11a · Other revenue: Other Revenue

    total $96 · related or exempt $96

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $96

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,776,428 · program services $2,776,428

  • 11c · Fees: accounting

    total $6,458 · management and general $6,458

  • 11f · Fees: investment management

    total $151 · management and general $151

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Bad Debt Expense

    total $102,805 · management and general $102,805

  • 24b · Other expenses: BANK CHARGES

    total $2,035 · management and general $2,035

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,598,067 · end of year $398,884

  • 2 · Savings and temporary cash investments

    beginning of year $75,023 · end of year $1,256,563

  • 3 · Pledges and grants receivable

    beginning of year $4,245,305 · end of year $4,264,167

  • 4 · Accounts receivable

    beginning of year $37,239 · end of year $91,356

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $11,881 · end of year $11,116

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year -$565,966 · end of year -$289,812

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $37,000

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $5,401,549 · end of year $5,695,274

  • 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 $0 · end of year $0

Mission and programs · 2023

Mission

SUPPORT THE ECONOMIC DEVELOPMENT IN THE GREATER HOUSTON AREA WITH ATTENTION TO AREAS IN HOUSTON THAT HAVE BEEN ECONOMICALLY DEPRESSED WITH HISTORICALLY LOW CAPITAL INVESTMENT AND JOB GROWTH. THE FOUNDATION IS ORGANIZED AND OPERATED TO DEVELOP AND IMPLEMENT STRATEGIC PLANS FOR THE ECONOMIC DEVELOPMENT OF THE GREATER HOUSTON REGION.

Activities or mission (Part I)

SUPPORT THE ECONOMIC DEVELOPMENT IN THE GREATER HOUSTON AREA WITH ATTENTION TO AREAS IN HOUSTON THAT HAVE BEEN ECONOMICALLY DEPRESSED WITH CAPITAL INVESTMENT AND JOB GROWTH.

  • THE FOUNDATION PARTICIPATES IN CHARITABLE ECONOMIC DEVELOPMENT WITHIN ECONOMICALLY DEPRESSED AREAS OF THE HOUSTON REGION TO ENCOURAGE RECRUITMENT AND RETENTION OF JOBS. THE FOUNDATION WORKS TO TARGET JOB CREATION AND NEW INVESTMENT IN THESE AREAS THAT HISTORICALLY HAVE LOW CAPITAL INVESTMENT AND JOB GROWTH. BY WORKING WITH EXISTING COMPANIES AND PROMOTING THE HOUSTON REGION TO PROSPECTIVE EMPLOYERS, THE FOUNDATION CONTRIBUTES TO INCREASE JOB CREATION AND INVESTMENTS THAT PREVENT AND FIGHT COMMUNITY DETERIORATION.

    Expenses $2,776,428 · Grants $2,776,428 · Revenue $96

As filed on the 2023 return.

Listed in Part VII

  • Dan Bellow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC Mullins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Marc Boom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Katharine Pryor

    VP/SECRETARY/TREASURER

    Total calculated
    $384,980
    From this org
    $0
    From related orgs
    $362,235
    Other
    $22,745
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,967 related
    Bonus
    $0 + $85,000 related
    Other
    $0 + $6,268 related
    Deferred
    $0 + $6,600 related
    Nontaxable benefits
    $0 + $16,145 related
    Filer's total
    $0 + $384,980 related

  • Robert W Harvey

    PRESIDENT (Thru 11/30/23)

    Total calculated
    $811,829
    From this org
    $0
    From related orgs
    $777,310
    Other
    $34,519
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $546,015 related
    Bonus
    $0 + $210,000 related
    Other
    $0 + $21,295 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $14,719 related
    Filer's total
    $0 + $811,829 related

  • Steve Kean

    PRESIDENT (Begin 12/01/23)

    Total calculated
    $47,453
    From this org
    $0
    From related orgs
    $47,443
    Other
    $10
    Hours/week
    1 + 50 related

  • Susan Davenport

    VICE PRESIDENT

    Total calculated
    $158,474
    From this org
    $0
    From related orgs
    $145,894
    Other
    $12,580
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,208 related
    Bonus
    $0
    Other
    $0 + $3,686 related
    Deferred
    $0 + $8,603 related
    Nontaxable benefits
    $0 + $3,977 related
    Filer's total
    $0 + $158,474 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)

Schedule J, Part I, Line 3
THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS ARE COMPENSATED BY A RELATED ORGANIZATION WHICH USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: COMPENSATION COMMITTEE WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY FORM 990 OF OTHER ORGANIZATIONS APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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
30 October 2024
IRS schema version
2023v5.1
Source object
202413049349302306

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