THE WHITNEY E HOUSTON LEGACY FOUNDATION INC

EIN: 853434545 501(c)(3) Philanthropy & Grantmaking

WHITE PLAINS, NY

Total Revenue
$95,879
Total Expenses
$144,849
Total Assets
$42,937
Net Assets
$42,937
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
GA
Principal Officer
MARION P HOUSTON
Phone
9544681748
Tax Period
2023-01-01 to 2023-12-31

THE WHITNEY E HOUSTON LEGACY FOUNDATION INC, founded in 2020, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $96K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $145K exceeded revenue, resulting in a 51% operating deficit.

Mission

THE WHITNEY E. HOUSTON LEGACY FOUNDATION IS A CONTINUATION OF WHITNEY'S JOURNEY TO REBUILD LIVES, RESTORE SELF-ESTEEM AND REPAIR IMAGES THROUGH GRASSROOTS PROGRAMS AND INITIATIVES. (CONTINUED ON SCHEDULE O).OUR MISSION IS TO INSPIRE THE YOUTH, CREATE OPPORTUNITIES AND EMPOWER THEM TO SUCCEED BEYOND THEIR EXPECTATIONS CREATING A LASTING SOLUTION TO THEIR CHALLENGES OF HOPES OF IMPROVING THEIR LIVES IN A POSITIVE WAY. INVESTING IN THE YOUTH OF TODAY BY SUPPORTING GRASS ROOTS PROGRAMS THAT ARE WORKING TO PROVIDE OPPORTUNITIES TO UNDER-PRIVILEGED YOUTHS WITH EMPHASIS ON INNER-CITY LOCATIONS. SCHOLARSHIPS ARE TO BE AWARDED YEARLY TO PROVIDE ACCESS TO UNDERPRIVILEGED AND DESERVING STUDENTS TO ATTEND THEATRE PROGRAMS AT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES.

Program Service Accomplishments

Program 1
Expenses: $67,998 Revenue: $0

INVESTING IN THE YOUTH OF TODAY BY SUPPORTING GRASS ROOTS PROGRAMS THAT ARE WORKING TO PROVIDE OPPORTUNITIES TO UNDER-PRIVILEGED YOUTHS WITH EMPHASIS ON INNER-CITY LOCATIONS. SCHOLARSHIPS ARE TO BE...

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INVESTING IN THE YOUTH OF TODAY BY SUPPORTING GRASS ROOTS PROGRAMS THAT ARE WORKING TO PROVIDE OPPORTUNITIES TO UNDER-PRIVILEGED YOUTHS WITH EMPHASIS ON INNER-CITY LOCATIONS. SCHOLARSHIPS ARE TO BE AWARDED YEARLY TO PROVIDE ACCESS TO UNDERPRIVILEGED AND DESERVING STUDENTS TO ATTEND THEATRE PROGRAMS AT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $95,619
Program Service Revenue $0
Investment Income $0
Other Revenue $260
TOTAL REVENUE $95,879

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $0
Fundraising Expenses $70,877
Program Expenses $67,998
Other Expenses $119,849
TOTAL EXPENSES $144,849

Year-over-Year Comparison

2023 2022 Change
Revenue $95,879 $64,937 +0.5%
Expenses $144,849 $101,643 +0.4%
Net Income $-48,970 $-36,706 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARION P HOUSTON PRESIDENT 2.00
Officer Director
$0 $0 $0
DONNA HOUSTON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
LORENA GARCIA WAHEIBI SECRETARY 2.00
Officer Director
$0 $0 $0
RONALD E NASH TREASURER 2.00
Officer Director
$0 $0 $0
JEFF STRAUGHN DIRECTOR 2.00
Director
$0 $0 $0
RAMON VILLA DIRECTOR 2.00
Director
$0 $0 $0
MARK TRIGG DIRECTOR 2.00
Director
$0 $0 $0
DR JACQUELINE MOHAIR DIRECTOR 2.00
Director
$0 $0 $0
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 $95,879 $144,849 $42,937 $-48,970
2022 $64,937 $101,643 $101,344 $-36,706
2021 $165,074 $36,461 $128,613 $128,613
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