Return of Private Foundation
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Return of Private Foundation OMB No 1545-0052 Form 990'U I or Section 4947( a)(1) Trust Treated as Private Foundation Do not enter social security numbers on this form as it may be made public. 2014 Department of the Treasury ► 1 www.irs.gov/fore Internal Revenue Service ► Information about Form 990-PF and its separate instructions is at For calendar year 2014 or tax year beainnina . 2014. and endina . 20 Name of foundation A Employer identification number HOUSTON ENDOWMENT INC. 74-6013920 Number and street ( or P 0 box number if mail is not delivered to street address ) Room / suite B Telephone number (see instructions) (713) 238-8100 600 TRAVIS STREET, SUITE 6400 City or town , state or province , country, and ZIP or foreign postal code q C If exemption application is ► pending , check here HOUSTON, TX 77002 G Check all that apply Initial return Initial return of a former public charity D I F oreign organiza t ions , ch eck h ere. • ► Final return Amended return 2 Foreign organizations meeting the 85% test , check here• and attach. • • Address change Name change computation 0. El H Check type of organization X Section 501(c)(3 ) exempt private foundation E If private foundation status was terminated► Section 4947 ( a )( 1 nonexempt charitable trust Other taxable p rivate foundation under section 507(b )( 1)(A), check here . El I Fair market value of all assets at J Accounting method Cash L_J Accrual F If the foundation is in a 60- month termination MODIFIED CASH - end of year (from Part II, col (c), line ^ F7X Other ( specify ) under section 507 (b)(1)(B), check here , ► ^ 1, 7 4 2 , 7 4 , ---------------- 16) ► $ 3 9 9 0 . (Part/, column (d) must be on cash basis ) ------ ( d) Disbursements Analysis of Revenue and Expenses (The (a ) Revenue and total (b) Net investment (c) Adjusted net for charitable of amounts in columns (b), (c), and (d) expenses per may not necessanly equal the amounts in income income purposes books column (a) (see instructions)) ( cash basis only) 1 Contributions , gifts, grants , etc , received ( attach schedule) if 2 Check q the foundation is not required to ► attach Sch B . 3 Interest on savings and temporary cash investments . 45. 45. ATCH 1 4 Dividends and interest from securities . 1, 275, 518. 1, 275, 518. ATCH 2 5a Gross rents ... ..... .. ..... 80, 880. 80, 880. b Net rental income or (loss ) 3 6, 5 2 6 6a Net gain or ( loss) from sale of assets not on line 10 119,427,303. b Gross sales price for all 383 , 612 , 082. w assets on line 6a y 7 Capital gain net income (from Part IV, line 2 ) , 116, 652, 394 . IX 8 Net short - term capital gain . 9 Income modifications • . • . 10a Gross s les les _retu [r{s, • 1 and allawa jce(. f j ` 14 b LessCoss dofgooods` sold' ' c Gr^ss profit or (loss ) ( attach schedule) . • • • ' `r r ''4' I 30 ,091, 646• 31, 481 984 , C; 11 Other INtome ( attach pch6dule ) 'ZQH, 3 , 12 Total . Add lines 1 through 11 • ;2•^ • 150, 875, 392. 149, 490, 821 . 13 J Compensatiorl of officers , directors , trust des , etc 1, 354, 173 . 199, 039 . 1, 155, 134 U) 10 d 14 OtherI e mployee` I (t salaries.i'f Itand' twa es • • 2, 364,r 550. 211, 909. 2 , 152, 641 y 15 Pension plans , employee benefits , , , , , , 1, 420, 519. 190, 800. 1,208, 642. x 16a Legal fees (attach schedule) A')'GI- 4. 46, 983. 25, 730. 21, 253 UL b Accounting fees ( attach schedule )P,T.C)-I, 60, 250. 15, 063. 45, 188 c Other professional fees (attach schedule ). [.61 6, 492, 950. 5, 586, 034. 906, 916 "o 17 Interest . ATCH .7 . 818. 818. Ln 18 Taxes ( attach schedule ) ( see Instructions )[ 8 ] . 2 , 2 4 7, 344 . 25, 041 . 19 Depreciation ( attach schedule ) and depletion . 132, 672 . 2, 088. X3 20 Occupancy . 573, 423. 102, 797, 470, 626. p 21 Travel , conferences , and meetings • • . • . 10 6 , 378. 24, 827. 81, 140 m 22 Printing and publications . 29, 907. 29, 907 c 23 Other expenses ( attach schedule )ATCE .9, 24, 816, 090. 22, 174, 731. 550, 698. ' 24 Total operating and administrative expenses. a`) Add lines 13 through 23. 39, 646, 057. 28, 558, 877. 6, 622, 145. 25 Contributions , gifts, grants paid . 85, 827, 281. 85, 843, 061. 26 Total exensesanddisbursements Add lines 24 and 25 125, 473, 338. 28, 558, 877. 92, 465, 206. 27 Subtract line 26 from line 12- a Excess of revenue over expenses and disbursements , 2 5 , 4 0 2 , 054. b Net investment income ( if negative, enter -0-) 120, 931, 944 c Adjusted net income ( if negative, enter -0-). JSA For Paperwork Reduction Act Notice , see instructions. Form `J`JU-I 'll(2014) 4E1410 1 000 08 65JK T951 11/4/2015 7:17:43 AM V 14-7.3F Form 990-PF (2014 ) HOUS ENDOWMENT INC. 0 74-6013920 Page 2 ® Attached schedules and amounts in the Beginning of year End of year Balance Sheets description column sh ou ld be for end-of-year amounts only (See instructions ) ( a) Book Value ( b) Book Value (c) Fair Market Value I Cash - non-interest-bearing . 5, 397, 656. 2, 937, 239. 2, 937, 239 2 Savings and temporary cash investments . 64, 644, 119. 23, 081, 184. 23, 081, 184 3 Accounts receivable ► ----------------------- Less allowance for doubtful accounts ► - ---------- 4 Pledges receivable ► ------------------------ Less . allowance for doubtful accounts ► 5 Grants receivable . 6 Receivables due from officers , directors, trustees , and other disqualified persons ( attach schedule ) ( see instructions) , , . , 7 Other notes and loans receivable (attach schedule) ► _ _ _ _ Less allowance for doubtful accounts ► ') 8 Inventories for sale or use ............. 0) to 9 Prepaid expenses and deferred charges . , U) 10a Investments - U S and state government obligations (attach schedule )[ 1 54,792,044. 52,331,208. 53,293,699 b Investments - corporate stock ( attach schedule) . , , . , c Investments - corporate bonds ( attach schedule). , 11 Investments - land, buildings , ► 406,593. and equipment basis _____ _____________ ATCH 11 Less accumulated depreciation ► 802, 360. 406, 593. 28, 302, 401 (attach schedule ) ------------------- 12 Investments - mortgage loans . 13 Investments - other (attach schedule) ATCH 12 1 , 260, 6 4 1 , 8 8 8 . 1,332, 833f482. 1, 634, 051, 754 Land, buildings , and 14 2,876,778 ATCH equipment basis ► ________ . 13 Less accumulated depreciation ► 1, 767, 882. 1, 137, 227. 1, 108, 896. 1, 108,896 (attach schedule ) ---- -------------- ATCH _ 14 __-- ) 493, 282. 626, 682. 599, 817 15 Other assets ( describe ► __-___-_ 16 Total assets ( to be completed by all filers - see the instructions Also, seepage 1 , item 1 ) . 1, 387, 908, 576. 1,413, 325, 284. 1, 743, 374, 990, 218, 744. 233,398. 17 Accounts payable and accrued expenses • , , , . , , . , , , . 18 Grants payable . U) 19 Deferred revenue . 20 Loans from officers , directors, trustees , and other disqualified persons to 21 Mortgages and other notes payable ( attach schedule) . 22 Other liabilities ( describe ► ___________________ ) 23 Total liabilities ( add lines 17 through 22 ) . 218, 744. 233,398. Foundations that follow SFAS 117 , check here . ► U) and complete lines 24 through 26 and lines 30 and 31. m 24 Unrestricted . 6 25 Temporarily restricted . D 26 Permanently restricted . • • Foundations that do not follow SFAS 117, . ► check here and complete lines 27 through 31. y 27 Capital stock , trust principal , or current funds , , , , , 28 Paid-in or capital surplus , or land , bldg , and equipment fund Q 29 Retained earnings , accumulated income, endowment , or other funds 1, 3 8 7 , 68 9, 8 32 . 1, 413 , 0 91, 8 8 6 . m 30 Total net assets or fund balances (see instructions ). 1, 387, 689, 832. 1, 413, 091, 886. Z 31 Total liabilities and net assets/fund balances (see instructions ) . 1, 387, 908, 576. 1, 413, 325, 284. E- MIM-Anal y sis of Chang es in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 ( must agree with end-of-year figure reported on prior year's return ), , , , , , , , , , , , , , , , , , , , , , • , , , 1 1, 387, 689, 832 2 Enter amount from Part I , line 27a .................................... 2 25,402,054 3 Other increases not included in line 2 ( Itemize ) 3 4 Add lines 1 , 2, and 3 4 1, 413, 091, 886 5 Decreases not included in line 2 ( itemize) 5 ► -------------------------------------- 6 Total net assets or fund balances at end of ear Ilne 4 minus line 5 - Part II, column b , Ilne 30 6 1, 413, 091, 886 Form 990 -PF (2014) JSA 4E1420 1 000 0865JK T951 11/4/2015 7:17:43 AM V 14-7.3F HOUS ENDOWMENT INC. • 74-6013920 Form 990-PF (2014) Page 3 Capital Gains and Losses for Tax on Investment Income (b) How ()a List and describe the kinds() of property sold ( a g real estate, P acqu ired ac)( uaed ( d) Date sold 2-story brick warehouse , or common stock , 200 shs MLC Co) Purchase (mo , day, yr.) D - Donal on ( mo 4day, yr) 1a SEE PART IV SCHEDULE b c d e Depreciation allowed ( g) Cost or other basis ( h) Gain or (loss) (e) Gross sales price ( f) (or allowable ) plus expense of sale (e) plus (f) minus (g) a SEE PART IV SCHEDULE b c d e Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31/69 (I) Gains ( Col (h) gain minus Adjusted basis ( k) Excess of col ( I) col (k), but not less than -0-) or (i) F M V as of 12/31/69 U) ( as of 12 / 31/69 over col 0 ), if any Losses (from col (h)) a b c d e If gain, also enter in Part I, line 7 2 Capital gain net income or ( net capital loss ) { If (loss ), enter -0- in Part I , line 7 } 2 116, 652, 394 .