Better Business Bureau Report for
Galveston Historical Foundation

Better Business Bureau Report issued October 2011
Better Business Bureau Report expires October 2012


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


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Charity Contact Information

Name: Galveston Historical Foundation
Address: 502 20th Street
  Galveston, TX 77550
Phone: 409-765-7834
409-765-7834
Web Address: www.galvestonhistory.org
Also known as:Galveston Historical Foundation Inc.
GHF
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Better Business Bureau Comments

Year, State Incorporated: 1954, Texas
Affiliates: None
Stated Purpose: Galveston Historical Foundation preserves and revitalizes the architectural, cultural, and maritime heritage of Galveston Island.

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Evaluation Conclusions

               

Galveston Historical Foundation meets the 20 Standards for Charity Accountability.
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Programs

               



For the fiscal year ended June 30, 2010, Galveston Historical Foundation's program expenses were:

  
Events and marketing 1,086,988
Texas Seaport Museum 852,462
Bishop's palace 239,326
Seagull 175,944
Preservation services 165,563
Galveston Island tours 113,655
Garten Verein 110,465
Ashton Villa 88,669
Other historical properties 83,248
Education 77,754
County Museum 61,119
Total Program Expenses: $3,055,193
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Governance

               

Chief Executive : Dwayne Jones, Executive Director
Compensation*:
 $100,000

Chair of the Board: Joe Willhelm, Jr.
Chair's Profession / Business Affiliation: Manager Engineering Services, GHG Corporation

Board Size: 26

Paid Staff Size: 52

*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, print advertisements, grant proposals, internet, planned giving arrangements
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $3,138,056, 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 Galveston Historical Foundation's audited financial statements for the fiscal year ended June 30, 2010.

Source of Funds  
Program service fees 1,381,151
Contributions 1,249,659
Auxiliary activities 723,071
Grants 507,246
Sale of merchandise 315,547
Unrealized appreciation (depreciation) on investments 294,573
Investment income 84,166
Realized gain (loss) on endowment funds -10,488
Realized gain (loss) on disposal of fixed assets -344,668
Total Income $4,200,257


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Uses of Funds as a % of Total Expenses

Programs: 78%  Fund Raising: 1%  Administrative: 21% 

Total income   $4,200,257
  Program expenses $3,055,193
  Fund raising expenses 43,176
  Administrative expenses 837,218
 
Total expenses   $3,935,587
Income in Excess of Expenses   264,670
Beginning net assets   10,898,174
Ending net assets   11,162,844
Total liabilities   788,408
Total assets   $11,951,252


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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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