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Nonprofiteer
← ST ALBERT TRUST

Form 990 for tax year 2023

Filed by ST ALBERT TRUST.

Totals

Total revenue
$46,829,686
Total expenses
$25,323,938
Contributions and grants received
$44,046,754
Grants paid
$25,310,304
Program service revenue
$0
Investment income
$1,182
Other revenue
$2,781,750
Total assets, end of year
$25,221,879
Total liabilities, end of year
$1,660
Net assets or fund balances, end of year
$25,220,219
Program services expenses (Part IX)
$25,322,278
Management and general expenses
$1,660
Fundraising expenses
$0
Program service expenses (Part III)
$25,322,278

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $44,046,754

  • 1g · Noncash contributions included above

    $43,950,020

  • 3 · Investment income

    total $1,182 · excluded $1,182

  • 11a · Other revenue: UBTI FROM PARTNERSHIP INTEREST

    total $2,781,750 · unrelated business $2,781,750

  • 11e · Other revenue, total

    $2,781,750

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,310,304 · program services $25,310,304

  • 11a · Fees: management

    total $10,000 · program services $10,000

  • 11b · Fees: legal

    total $1,944 · program services $1,944

  • 11c · Fees: accounting

    total $1,660 · management and general $1,660

  • 11f · Fees: investment management

    total $16 · program services $16

  • 13 · Office expenses

    total $14 · program services $14

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,643 · end of year $3,075

  • 12 · Investments: other securities

    beginning of year $6,487,588 · end of year $25,218,804

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $1,660

  • 27 · Net assets without donor restrictions

    beginning of year $6,496,231 · end of year $25,220,219

Mission and programs · 2023

Mission

THE MISSION OF THE LINBECK FAMILY CHARITABLE TRUST IS TO IMPROVE THE LIVES OF OTHERS, PRIMARILY IN THE GREATER METROPOLITAN HOUSTON AREA, BY MAKING GRANTS TO ORGANIZATIONS IN THE AREAS OF HEALTH, EDUCATION, AND HUMAN SERVICES.

  • THE LINBECK FAMILY CHARITABLE TRUST DONATED $25,310,304 TO VARIOUS TAX-EXEMPT ORGANIZATIONS DURING 2023.

    Expenses $25,322,278 · Grants $25,310,304

As filed on the 2023 return.

Listed in Part VII

  • Stephen D Maislin

    VICE PRESIDENT/SECRETARY/TRUSTEE

    Total calculated
    $761,826
    From this org
    $0
    From related orgs
    $710,376
    Other
    $51,450
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $522,682 related
    Bonus
    $0 + $150,000 related
    Other
    $0 + $37,694 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $31,650 related
    Filer's total
    $0 + $761,826 related

  • Rebecca Hove

    TREASURER/TRUSTEE

    Total calculated
    $264,289
    From this org
    $0
    From related orgs
    $237,648
    Other
    $26,641
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,148 related
    Bonus
    $0 + $37,500 related
    Other
    $0
    Deferred
    $0 + $14,374 related
    Nontaxable benefits
    $0 + $12,267 related
    Filer's total
    $0 + $264,289 related

  • Leo Linbeck III

    PRESIDENT/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
THE RELATED ORGANIZATION HAS ENTERED INTO A DEFERRED COMPENSATION AGREEMENT WITH AN EXECUTIVE EMPLOYED BY GREATER HOUSTON COMMUNITY FOUNDATION. THE TERM OF THE AGREEMENT IS COEXTENSIVE WITH THE TERM OF THE EMPLOYEE'S EMPLOYMENT WITH THE FOUNDATION. THE AGREEMENT PROVIDES ONLY DEFERRED AND CONTINGENT COMPENSATION WHICH IS PAYABLE AS THE EMPLOYEE BECOMES VESTED IN THAT COMPENSATION. THE AMOUNT RECEIVED UNDER THIS AGREEMENT IN 2023 WAS $37,694.

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.

  • AALMAAH FUND

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • APEX HERITAGE FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • BARBARA BUSH HOUSTON LITERACY FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • BILL AND SARA MORGAN REAL ESTATE FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • CENTER FOR COMMUNITY INITIATIVES OF GREATER HOUSTON COMMUNITY FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • COMISKEY FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • CONNECTIVE

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • FIGHTFORUS

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • FRANK LIU JR FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • GFGH FUNDRAISING

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • GREAT SOUTHWEST EQUESTRIAN FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • GREATER HOUSTON COMMUNITY FOUNDATION

    501(C)(3) · PROVIDE SERVICES AND FINANCIAL ASSISTANCE TO THE COMMUNITY · TX

  • HOPE BIOSCIENCES STEM CELL RESEARCH FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • HOUSTON COALITION AGAINST HATE

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • HOUSTON IN ACTION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • LEWIS FAMILY CHARITABLE FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • MENTAL HEALTH CHANNEL

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • THE HOUSTON FUND FOR SOCIAL JUSTICE AND ECONOMIC EQUITY

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • VIRANI FAMILY FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WITHMERCI FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODNEXT PHILANTHROPIES

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 3

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 5

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 6

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 8

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 9

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 13

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 14

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 16

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 17

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 18

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
3 February 2025
IRS schema version
2023v6.0
Source object
202540349349301464

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