Better Business Bureau Report for
Greater Houston Community Foundation

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


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Greater Houston Community Foundation
Address: 5120 Woodway Drive, Suite 6000
  Houston, TX 77056
Phone: 713-333-2200
Web Address: www.ghcf.org
Back To Top

Better Business Bureau Comments

Year, State Incorporated: 1971, Texas
Affiliates: None
Stated Purpose: Growing effective philanthropy 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.

Back To Top

Evaluation Conclusions

               

Greater Houston Community Foundation meets the 20 Standards for Charity Accountability.
Back To Top

Programs

               

In addition to assisting Houstonians with their charitable giving, the Greater Houston Community Foundation also provides: -Investment management services for other foundations and nonprofits. -Accounting service: back-office services for other nonprofits. Greater Houston Community Foundation disbursed 5,500 grants to various non-profit organizations in 2009.

For the fiscal year ended December 31, 2011, Greater Houston Community Foundation's program expenses were:

  
Grants 64,928,918
Program 2,105,422
Total Program Expenses: $67,034,340
Back To Top

Governance

               

Chief Executive : Stephen D. Maislin, President & Chief Executive Officer
Compensation*:
 $286,873

Chair of the Board: Steven L. Miller
Chair's Profession / Business Affiliation: Chairman/President, SLM Discovery Ventures

Board Size: 15

Paid Staff Size: 16

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

               

Method(s) Used:


Fund raising costs were 1% of related contributions. (Related contributions, which totaled $78,244,036, are donations received as a result of fund raising activities.)
Back To Top

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.
Back To Top

Financial

               


Source of Funds  
Contributions 78,244,036
Interest and dividend income 6,728,404
Administrative fee revenue 270,635
Rental income 246,250
Change in value of split interst agreements -475,088
Net realized/unrealized gain (loss) on investments -8,103,710
Total Income $76,910,527


chart



Uses of Funds as a % of Total Expenses

Programs: 97%  Fund Raising: 1%  Administrative: 2% 

Total income   $76,910,527
  Program expenses $67,034,340
  Fund raising expenses 512,726
  Administrative expenses 1,695,333
 
Total expenses   $69,242,399
Income in Excess of Expenses   7,668,128
Beginning net assets   271,720,875
Ending net assets   279,389,003
Total liabilities   25,622,820
Total assets   $305,011,823


Back To Top

Complaints

               

0 complaint(s) closed with BBB in the last 3 years. 0 complaint(s) closed in the last 12 months.

Back To Top

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.

Send to:



What is an Accredited Charity