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I get a little nervous when I hear about a new fund but its run through an existing 501(c)(3), Greater Houston Community Foundation. 501(c)(3)'s must disclose
by will_brown 9y ago
I get a little nervous when I hear about a new fund but its run through an existing 501(c)(3), Greater Houston Community Foundation.
501(c)(3)'s must disclose their finances to the IRS where they are publicly available. I didn't look at that rather an audit summary, some highlights:
2016 income: $197M
Total Assets: $529M
2016 CEO compensation: $379,139
Board size: 14
Estimated total Salary of Board: 10% of income ($19.7M)...this should definitely be verified in light of CEO compensation.
Program Expenses: Estimated 65% of funds spend on program activities.