Greater Houston Community Foundation

“The organization has as its sole member, the greater houston community foundation, a texas nonprofit corporation. The following matters are reserved to the member and shall require the affirmative actions of the member to be effective: (a) merger, acquisition or consolidation of the corporation. (b) borrowing or lending of money or the creation of indebtedness through the guaranty of another's debt or similar action. (c) removal of one or more members of the board of directors. (d) imposing any restriction on the organization to prevent it from losing its status as a nonprofit organization under the u.s. Tax code.”

“The member and their rights are described in the note to part vi, line 6.”

“The organization does not have any committee with authority to act on behalf of the governing body.”

“The final document was distributed via email to the board members for review prior to filing. The controller of greater houston community foundation initially reviews the 990. Upon the resolution of any questions raised by this individual and any changes that result from this review, the completed document is then distributed to the principal officer for review. Once reviewed by this individual, and updated with any changes, a finalized copy is provided to this individual for final review and approval, prior to distribution to the board.”

“The conflict of interest policy is distributed to all directors, non-director committee members, and employees annually. They are asked to acknowledge receipt by returning a signed acknowledgment. When discussion occurs and/or votes are taken in committee and/or board meetings and a member indicates a conflict of interest, such conflicts are noted in the minutes of the meeting and the member abstains from any vote taken.”

“The board of directors established an executive search committee and hired an outside executive search firm in march 2023 to hire the president. Compensation was approved by the board, with data from comparable organizations used. The deliberations and decision were documented.”

“Copies of the certificate of formation, bylaws, and conflict of interest policy may be obtained by calling the office. The organization's financials are not separately audited. A copy of the consolidated audited financials for the related organization, greater houston community foundation, may be requested by calling the office.”

“Almaahh fund is a co-employer with insperity through woodway supporting foundation 13 of the greater houston community foundation and does not file form w-3. Insperity files this form under its tax identification number.”

“Consulting: program service expenses 19,000. Management and general expenses 0. Fundraising expenses 150,155. Total expenses 169,155. Contract labor: program service expenses 20,065. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,065. Other fees for services: program service expenses 3,396. Management and general expenses 546. Fundraising expenses 316. Total expenses 4,258.”