GREATER HOUSTON COMMUNITY FOUNDATION

EIN: 237160400 501(c)(3) Philanthropy & Grantmaking

HOUSTON, TX

Total Revenue
$242,881,362
Total Expenses
$227,904,117
Total Assets
$1,019,145,902
Net Assets
$975,132,213
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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
TX
Principal Officer
STEPHEN D MAISLIN
Phone
7133332200
Tax Period
2023-01-01 to 2023-12-31

GREATER HOUSTON COMMUNITY FOUNDATION, founded in 1971, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $242.9M in total revenue in fiscal year 2023. Expenses of $227.9M left a modest 6% surplus.

Mission

THE MISSION OF THE GREATER HOUSTON COMMUNITY FOUNDATION (GHCF) IS EXPANDING PHILANTHROPIC IMPACT BY CONNECTING DONORS TO THE CAUSES THEY CARE ABOUT, PROVIDING EXCELLENT STEWARDSHIP OF ASSETS ENTRUSTED TO US, AND CONVENING RESOURCES TO ADDRESS IMPORTANT COMMUNITY NEEDS. THROUGH DONOR ADVISED FUNDS, FIELD OF INTEREST FUNDS, DESIGNATED FUNDS, GIVING CIRCLES, SCHOLARSHIP AND OTHER FUNDS ESTABLISHED BY INDIVIDUALS AND CORPORATIONS, GHCF MAKES GRANTS TO OTHER NONPROFIT ORGANIZATIONS THAT PROVIDE A VARIETY OF SERVICES TO THEIR COMMUNITIES. DONORS TO THESE FUNDS ARE PROVIDED WITH EDUCATIONAL OPPORTUNITIES RELATED TO PHILANTHROPY AND COMMUNITY NEEDS. A DATABASE OF NONPROFITS IS MAINTAINED FOR THE BENEFIT OF GHCF DONORS AND THE COMMUNITY AT LARGE. GHCF HAS PROVIDED A NEUTRAL PLATFORM FROM WHICH TO FACILITATE COLLABORATIVE EFFORTS TO ADDRESS SPECIFIC NEEDS IN THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $52,437,663 Revenue: $370,589

PUBLIC BENEFIT:DISBURSED 596 GRANTS TO VARIOUS ORGANIZATIONS AND PROJECTS FOR THE PUBLIC BENEFIT.

Program 2
Expenses: $45,993,038 Revenue: $325,043

HUMAN SERVICES:DISBURSED 1,116 GRANTS TO VARIOUS ORGANIZATIONS TO SUPPORT HUMAN SERVICE PROGRAMS AND ORGANIZATIONS SERVING COMMUNITY NEEDS.

Program 3
Expenses: $44,514,136 Revenue: $314,592

EDUCATIONAL:DISBURSED 972 GRANTS TO VARIOUS ORGANIZATIONS TO SUPPORT SCHOLARSHIP PROGRAMS, EDUCATIONAL INSTITUTIONS AND OTHER CURRICULUM.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $203,422,462
Program Service Revenue $1,864,674
Investment Income $37,591,255
Other Revenue $2,971
TOTAL REVENUE $242,881,362

Expense Breakdown

Grants Paid $214,360,145
Salaries & Benefits $7,296,215
Fundraising Expenses $1,211,986
Program Expenses $221,981,594
Other Expenses $6,247,757
TOTAL EXPENSES $227,904,117

Year-over-Year Comparison

2023 2022 Change
Revenue $242,881,362 $234,189,550 +0.0%
Expenses $227,904,117 $467,192,740 -0.5%
Net Income $14,977,245 $-233,003,190 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
52
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,741,044
Total Directors
19
$0
Key Employees
4
$1,081,244
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS WEEKLEY CHAIR/GOVERNING BOARD MEMBER 2.00
Officer Director
$0 $0 $0
GREGORY L EBEL GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
KATE FOWLER GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
CULLEN GEISELMAN GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
ROBERT HARVEY GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
PHIL HAWK GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
RON HULME - IMMEDIATE PAST CHAIR/GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
LAURA R JARAMILLO GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
DOUG KELLY GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
NANCY MCGREGOR GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
BRAD MORGAN GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
KIM A RUTH GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
CAREN SWEETLAND GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
TYM TOMBAR GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
CELESTINE VETTICAL GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
RANDA WEINER GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
RICHARD WILKENS GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
ENOCH WOODHOUSE GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
THOMAS M WRIGHT GOVERNING BOARD MEMBER 2.00
Director
$0 $0 $0
STEPHEN D MAISLIN PRESIDENT & CEO 40.00
Officer
$710,376 $51,450 $761,826
MICHAEL D PAWSON TREASURER & CHIEF FINANCIAL OFFICER 40.00
Officer
$357,700 $55,218 $412,918
HUNTER EDMONDSON CO-CONTROLLER 40.00
Officer
$185,430 $22,549 $207,979
NELSON HERNANDEZ CO-CONTROLLER 40.00
Officer
$174,420 $44,079 $218,499
MORGAN STEEN - SECRETARY DIRECTOR OF GOVERNANCE AND ADMIN 40.00
Officer
$129,025 $10,797 $139,822
POOJA AMIN GENERAL COUNSEL 40.00
Key Emp
$251,273 $37,328 $288,601
REBECCA HOVE - MANAGING DIRECTOR OF STRATEGIC PHILANTHROPY 40.00
Key Emp
$237,648 $26,641 $264,289
JENNIFER TOUCHET - VP OF PERSONAL & FAMILY PHILANTHROPY 40.00
Key Emp
$229,392 $43,055 $272,447
DIANA ZARZUELO VP OF COMMUNITY PHILANTHROPY 40.00
Key Emp
$222,132 $33,775 $255,907
ANDREA MAYES - SENIOR DIRECTOR OF CHARITABLE SOLUTIONS 40.00
Highest
$177,630 $18,604 $196,234
ANNE HURWITZ - DIRECTOR OF DONOR ENGAGEMENT & LEARNING 40.00
Highest
$131,000 $7,778 $138,778
PRASHANT BASHYAL SYSTEMS ARCHITECT 40.00
Highest
$129,725 $15,698 $145,423
STEPHANIE ELLIOTT DIRECTOR OF CORPORATE RELATIONS 40.00
Highest
$128,680 $30,660 $159,340
KRYSTLE FOLSE DIRECTOR OF DONOR SERVICES 40.00
Highest
$145,450 $9,293 $154,743
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $242,881,362 $227,904,117 $1,019,145,902 $14,977,245
2022 $234,189,550 $467,192,740 $929,635,511 $-233,003,190
2021 $567,166,923 $184,810,826 $1,277,788,508 $382,356,097
2020 $196,172,582 $173,209,629 $818,769,121 $22,962,953
2019 $205,503,819 $139,133,650 $738,068,563 $66,370,169
2018 $150,173,211 $215,594,425 $600,279,009 $-65,421,214
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