Better Business Bureau Report for
Center for Houston's Future

Better Business Bureau Report issued March 2012
Better Business Bureau Report expires March 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Center for Houston's Future
Address: 1200 Smith St., Ste. 1150
  Houston, TX 77002
Phone: 713-844-9303
Web Address: www.centerforhoustonsfuture.org
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Better Business Bureau Comments

Year, State Incorporated: 1992, Texas
Affiliates: None
Stated Purpose: The Center for Houston's Future brings business and community together to innovate for the future of the Houston region. We bring the business community together with civic leaders to develop the leadership and strategic plans needed to address the concerns of the Houston region.

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Evaluation Conclusions

               

Center for Houston's Future meets the 20 Standards for Charity Accountability.
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Programs

               

The Center for Houston's Future runs a Business Civic Leadership Forum that identifies, informs, and engages diverse business leaders who are committed to creating a successful future. In the past year, 60 new graduates have completed the Leadership Forum, bringing the total to 657 graduates. Their Strategic Planning program identifies and addresses key issues. Through strategic planning, the organization identifies stakeholders, resources, opportunities and roadblocks to implement actions to create a thriving future. Center for Houston's Future's goal is to become the place where the business community joins with civic leaders to develop leadership and strategic plans needed to address important issues for the Houston region.

For the fiscal year ended December 31, 2010, Center for Houston's Future's program expenses were:

  
Total: 1,137,225
Total Program Expenses: $1,137,225
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Governance

               

Chief Executive : Catherine C. Mosbacher, President & CEO
Compensation*:
 $204,000

Chair of the Board: Kelly Frels
Chair's Profession / Business Affiliation: Bracewell & Giuliani, Attorney

Board Size: 36

Paid Staff Size: 9

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet
Fund raising costs were 21% of related contributions. (Related contributions, which totaled $954,897, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on Center for Houston's Future's audited financial statements for the fiscal year ended December 31, 2010.

Source of Funds  
Contributions 667,837
Events 287,060
Tuition revenue 190,750
Other 3,231
Direct donor benefit costs -29,575
Total Income $1,119,303


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Uses of Funds as a % of Total Expenses

Programs: 77%  Fund Raising: 13%  Administrative: 10% 

Total income   $1,119,303
  Program expenses $1,137,225
  Fund raising expenses 199,422
  Administrative expenses 143,301
 
Total expenses   $1,479,948
Expenses in Excess of Income   (360,645)
Beginning net assets   799,192
Ending net assets   438,547
Total liabilities   170,345
Total assets   $608,892


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Complaints

               

The BBB has processed no complaints about this organization in the past 36 months, our standard reporting period.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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