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Nonprofiteer
← UNIVERSITY OF HOUSTON FOUNDATION

Form 990 for tax year 2022

Filed by UNIVERSITY OF HOUSTON FOUNDATION.

Totals

Total revenue
$14,179,306
Total expenses
$10,476,449
Contributions and grants received
$4,519,354
Grants paid
$8,908,711
Program service revenue
$0
Investment income
$9,659,952
Other revenue
$0
Total assets, end of year
$187,490,103
Total liabilities, end of year
$13,334,984
Net assets or fund balances, end of year
$174,155,119
Program services expenses (Part IX)
$8,908,711
Management and general expenses
$1,567,738
Fundraising expenses
$0
Program service expenses (Part III)
$8,908,711

Program services were 85.0% 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)

    $1,032,194

  • 1f · All other contributions, gifts and grants

    $3,487,160

  • 3 · Investment income

    total $8,725,770 · excluded $8,725,770

  • 7a · Gross sales of assets other than inventory

    securities $29,733,408

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

    securities $28,799,226

  • 7c · Gain or loss

    securities $934,182

  • 7d · Net gain or loss

    total $934,182 · excluded $934,182

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,908,711 · program services $8,908,711

  • 5 · Compensation of officers, directors and key employees

    total $344,631 · management and general $344,631

  • 7 · Other salaries and wages

    total $256,639 · management and general $256,639

  • 8 · Pension plan contributions

    total $15,130 · management and general $15,130

  • 9 · Other employee benefits

    total $21,662 · management and general $21,662

  • 10 · Payroll taxes

    total $34,119 · management and general $34,119

  • 11c · Fees: accounting

    total $39,105 · management and general $39,105

  • 11f · Fees: investment management

    total $757,703 · management and general $757,703

  • 11g · Fees: other

    total $6,234 · management and general $6,234

  • 13 · Office expenses

    total $29,458 · management and general $29,458

  • 16 · Occupancy

    total $43,529 · management and general $43,529

  • 19 · Conferences, conventions and meetings

    total $886 · management and general $886

  • 22 · Depreciation, depletion and amortization

    total $3,420 · management and general $3,420

  • 23 · Insurance

    total $15,222 · management and general $15,222

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 $284,690 · end of year $34,517

  • 3 · Pledges and grants receivable

    beginning of year $1,306,111 · end of year $1,089,073

  • 4 · Accounts receivable

    beginning of year $47,274 · end of year $58,806

  • 9 · Prepaid expenses and deferred charges

    beginning of year $63,280 · end of year $74,459

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

    $96,656

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

    $30,824

  • 10c · Land, buildings and equipment, net

    beginning of year $64,133 · end of year $65,832

  • 11 · Investments: publicly traded securities

    beginning of year $174,330,357 · end of year $186,081,257

  • 15 · Other assets

    beginning of year $0 · end of year $86,059

  • 17 · Accounts payable and accrued expenses

    beginning of year $269,532 · end of year $370,260

  • 18 · Grants payable

    beginning of year $10,275,289 · end of year $11,549,760

  • 25 · Other liabilities

    beginning of year $1,356,366 · end of year $1,414,964

  • 27 · Net assets without donor restrictions

    beginning of year $3,124,460 · end of year $3,750,251

  • 28 · Net assets with donor restrictions

    beginning of year $161,070,298 · end of year $170,404,868

Mission and programs · 2022

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 $8,908,711 · Grants $8,908,711

As filed on the 2022 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

  • Rebecca Hoyt

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Mike Booker

    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

  • Jeff Granberry

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Terrylin G Neale

    President

    Total calculated
    $332,347
    From this org
    $298,870
    From related orgs
    $0
    Other
    $33,477
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $298,870
    Bonus
    $0
    Other
    $0
    Deferred
    $21,115
    Nontaxable benefits
    $12,362
    Filer's total
    $332,347

  • Joanne Kelley

    Accounting Manager

    Total calculated
    $153,223
    From this org
    $126,480
    From related orgs
    $0
    Other
    $26,743
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,480
    Bonus
    $0
    Other
    $0
    Deferred
    $10,517
    Nontaxable benefits
    $16,226
    Filer's total
    $153,223

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

    $3,163,662

    Scholarships

  • UH - System

    $1,657,389

    Program Support

  • UH - College of Global Hospitality Leadership

    $1,557,696

    Program Support

  • UH - Athletics

    $669,597

    Program Support

  • UN - College of the Arts

    $489,725

    Program Support

  • UH - College of Liberal Arts & Social Sciences

    $393,731

    Program Support

  • UH - College of Nat'l Sciences & Mathematics

    $272,776

    Program Support

  • UH - Optometry

    $166,584

    Program Support

  • UH - Social Work

    $105,438

    Program Support

  • UH - Business

    $77,149

    Program Support

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

Provenance

Return type
form_990
Tax year
2022
Filed
3 April 2024
IRS schema version
2022v5.0
Source object
202430949349300323

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

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