Form 990 for tax year 2024
Filed by HOUSTON INDEPENDENT SCHOOL DISTRICT FOUNDATION.
Totals
- Total revenue
- $1,863,727
- Total expenses
- $3,344,686
- Contributions and grants received
- $1,665,189
- Grants paid
- $829,955
- Program service revenue
- $0
- Investment income
- $230,217
- Other revenue
- -$31,679
- Total assets, end of year
- $5,896,098
- Total liabilities, end of year
- $50,730
- Net assets or fund balances, end of year
- $5,845,368
- Program services expenses (Part IX)
- $2,870,611
- Management and general expenses
- $331,945
- Fundraising expenses
- $142,130
- Program service expenses (Part III)
- $2,870,611
Program services were 85.8% 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
$400,690
-
1f · All other contributions, gifts and grants
$1,264,499
-
1g · Noncash contributions included above
$171,093
-
3 · Investment income
total $230,217 · excluded $230,217
-
8a · Fundraising events: gross income
$76,310
-
8a · Fundraising events: contributions included on line 1c
$400,690
-
8b · Fundraising events: direct expenses
$107,989
-
8c · Net income from fundraising events
total -$31,679 · excluded -$31,679
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $819,955 · program services $819,955
-
2 · Grants to domestic individuals
total $10,000 · program services $10,000
-
5 · Compensation of officers, directors and key employees
total $226,017 · program services $31,602 · management and general $151,212 · fundraising $43,203
-
7 · Other salaries and wages
total $130,964 · program services $109,259 · management and general $1,014 · fundraising $20,691
-
8 · Pension plan contributions
total $26,394 · program services $18,578 · management and general $3,674 · fundraising $4,142
-
9 · Other employee benefits
total $29,167 · program services $17,089 · management and general $7,255 · fundraising $4,823
-
10 · Payroll taxes
total $23,651 · program services $10,120 · management and general $9,354 · fundraising $4,177
-
11c · Fees: accounting
total $66,510 · management and general $66,510
-
11g · Fees: other
total $120,093 · program services $48,979 · management and general $35,100 · fundraising $36,014
-
12 · Advertising and promotion
total $60,167 · program services $51,900 · management and general $8,267
-
13 · Office expenses
total $63,782 · management and general $34,702 · fundraising $29,080
-
14 · Information technology
total $57,109 · program services $57,109
-
17 · Travel
total $4,211 · management and general $4,211
-
19 · Conferences, conventions and meetings
total $6,119 · management and general $6,119
-
23 · Insurance
total $4,527 · management and general $4,527
-
24a · Other expenses: Student enrichment
total $1,395,890 · program services $1,395,890
-
24b · Other expenses: Supplies & materials
total $300,130 · program services $300,130
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $499,565 · end of year $559,999
-
2 · Savings and temporary cash investments
beginning of year $5,341,650 · end of year $5,191,533
-
3 · Pledges and grants receivable
beginning of year $939,100 · end of year $95,979
-
9 · Prepaid expenses and deferred charges
beginning of year $582,132 · end of year $48,587
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10c · Land, buildings and equipment, net
beginning of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $32,149 · end of year $49,766
-
19 · Deferred revenue
beginning of year $3,971 · end of year $964
-
27 · Net assets without donor restrictions
beginning of year $895,009 · end of year $1,092,431
-
28 · Net assets with donor restrictions
beginning of year $6,431,318 · end of year $4,752,937
Mission and programs · 2024
Mission
The HISD Foundation is dedicated to mobilizing the local community to support innovative priorities in HISD to improve outcomes for all students in the district. Our mission is to fund projects and programs of merit that fall outside of the district's operating budget.
Activities or mission (Part I)
The HISD Foundation supports Houston Independent School District's schools and programs.
-
The HISD Foundation (Foundation) supports the Houston Independent School District (HISD) and its mission of providing every student with a consistently rigorous education in a safe environment. Established in 1993, the Foundation is governed by a volunteer board of directors that includes local businesses, industry, and community leaders. The Foundation works with the Superintendent of Schools, HISD Board of Education, and Houston's business leaders and philanthropic community to raise funds for the district, provide support for teachers, students, and parents, and raise awareness of the district's commitment to providing every student with a quality education.See Schedule O for further details.The Foundation supports HISD and school-based programs and initiatives to increase academic achievement, eliminate the minority achievement gap, and develop and retain effective educators in every classroom.The Foundation believes equity, literacy, innovation, college access, and great people can prepare students for college and the workforce.
Expenses $2,870,611 · Grants $829,955
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Andrea Young
Chair
- Total calculated
- $0
- Hours/week
- 3
-
Daria Russell
Vice-Chair
- Total calculated
- $0
- Hours/week
- 1
-
DeRae Crane
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
John Weatherly
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Juliet Breeze
Director
- Total calculated
- $0
- Hours/week
- 1
-
Allen Caudle
Director
- Total calculated
- $0
- Hours/week
- 1
-
Frances Dyess
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christi Guerrini
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ross Margraves
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Marshall
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gerald Merfish
Director
- Total calculated
- $0
- Hours/week
- 1
-
Matthew Noll
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robin Phillips
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Price
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lauren Pugh
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jim Rice
Director
- Total calculated
- $0
- Hours/week
- 1
-
James Rodriguez
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lina Sabouni
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christy Stewart
Director
- Total calculated
- $0
- Hours/week
- 1
-
Wilbur Suggs
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bridget Wade
Director
- Total calculated
- $0
- Hours/week
- 1
-
Katherine Smith
CEO through 4/30/25
- Total calculated
- $208,413
- From this org
- $172,144
- From related orgs
- $0
- Other
- $36,269
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $172,144
- Bonus
- $0
- Other
- $0
- Deferred
- $22,214
- Nontaxable benefits
- $14,055
- Filer's total
- $208,413
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 · Form 990 of other organizations
- 3 · Written employment contract
- 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
-
Houston Independent School District
$819,955
Program support
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 March 2026
- IRS schema version
- 2024v5.5
- Source object
- 202620899349300837
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