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Nonprofiteer
← KIWANIS FOUNDATION OF HOUSTON

Form 990 for tax year 2023

Filed by KIWANIS FOUNDATION OF HOUSTON.

Totals

Total revenue
$237,645
Total expenses
$270,777
Contributions and grants received
$74,622
Grants paid
$232,620
Program service revenue
$0
Investment income
$168,333
Other revenue
-$5,310
Total assets, end of year
$5,349,132
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,349,132
Program services expenses (Part IX)
$235,433
Management and general expenses
$33,655
Fundraising expenses
$1,689
Program service expenses (Part III)
$235,433

Program services were 86.9% 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

    $41,672

  • 1f · All other contributions, gifts and grants

    $32,950

  • 1g · Noncash contributions included above

    $5,450

  • 3 · Investment income

    total $144,899 · excluded $144,899

  • 7a · Gross sales of assets other than inventory

    securities $865,677

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

    securities $842,243

  • 7c · Gain or loss

    securities $23,434

  • 7d · Net gain or loss

    total $23,434 · excluded $23,434

  • 8a · Fundraising events: gross income

    $0

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

    $41,672

  • 8b · Fundraising events: direct expenses

    $5,450

  • 8c · Net income from fundraising events

    total -$5,450 · excluded -$5,450

  • 11a · Other revenue: OTHER

    total $140 · related or exempt $140

  • 11e · Other revenue, total

    $140

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $232,620 · program services $232,620

  • 11c · Fees: accounting

    total $4,050 · management and general $4,050

  • 11f · Fees: investment management

    total $28,000 · management and general $28,000

  • 11g · Fees: other

    total $5,628 · program services $2,813 · management and general $1,126 · fundraising $1,689

  • 24a · Other expenses: FOREIGN TAX

    total $402 · management and general $402

  • 24b · Other expenses: OTHER INVESTMENT EXPENS

    total $77 · management and general $77

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $63,139 · end of year $69,794

  • 11 · Investments: publicly traded securities

    beginning of year $4,497,418 · end of year $5,279,338

  • 27 · Net assets without donor restrictions

    beginning of year $4,467,109 · end of year $5,282,373

  • 28 · Net assets with donor restrictions

    beginning of year $93,448 · end of year $66,759

Mission and programs · 2023

Mission

GRANTS AND SUPPORT ARE PROVIDED TO OTHER NONPROFIT ORGANIZATIONS TO ASSIST THOSE ORGANIZATIONS TO FUNCTION

Activities or mission (Part I)

PROVIDE GRANTS TO NONPROFIT ORGANIZATIONS TO ASSIST THOSE ORGANIZATIONS TO FUNCTION IN THE HOUSTON AREA. SUPPORT FOR THOSE ORGANIZATIONS STRENGTHENS THE CONTINUITY OF PUBLIC SERVICES AVAILABLE IN THE COMMUNITY

  • GRANTS AND SUPPORT TO OTHER HOUSTON AREA NONPROFITS TO ASSIST THEM IN THEIR MISSIONS TO IMPROVE THE COMMUNITY.

    Expenses $235,433 · Grants $232,620

As filed on the 2023 return.

Listed in Part VII

  • Bruce Swanson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • David Lucke

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • William Lee

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Trey Henderson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Bill Sherwood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Jerry Metcalf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Glenn Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Bill Reed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Keith Solomon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Fielding Cocke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Ross Love

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Carlos Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Walter Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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.

Grants on this return

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

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.

  • KIWANIS CLUB OF HOUSTON

    501(C)(4) · TO SERVE CHILDREN OF THE WORLD · TX

Provenance

Return type
form_990
Tax year
2023
Filed
25 November 2024
IRS schema version
2023v5.1
Source object
202443309349301264

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