Civic Intelligence

Houston Colon Foundation

EIN 87-4253604 • 501(c)3 • Houston, TX

Profile

The foundation will conduct research and development programs to evaluate the patient benefits of several emerging technologies and tools in colorectal surgery. This research will be aimed at developing and implementing new technology into practice for colorectal surgeons, trainees, and patients.

3411 Robinhood StHouston, TX 77005

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

59th percentile

7.1%

Higher net margin than 59% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

61st percentile

4.3%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

25th percentile

-30%

Faster revenue growth than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Up

$332,299

Up $14,674 (+4.6%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$332,299

Up $14,674 (+4.6%) from 2023

Revenue

Up

$207,828

Up $14,425 (+7.5%) from 2023

Expenses

Up

$193,154

Up $11,726 (+6.5%) from 2023

Net Income

Up

$14,674

Up $2,699 (+23%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2022: $305,650Liabilities 2022: $0Net Assets 2022: $305,6502022Assets 2023: $317,625Liabilities 2023: $0Net Assets 2023: $317,6252023Assets 2024: $332,299Liabilities 2024: $0Net Assets 2024: $332,2992024

Highlighted filing

2024

Assets$332,299
Liabilities$0
Net Assets$332,299

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0Revenue 2022: $420,645Expenses 2022: $114,995Net Income 2022: $305,6502022Revenue 2023: $193,403Expenses 2023: $181,428Net Income 2023: $11,9752023Revenue 2024: $207,828Expenses 2024: $193,154Net Income 2024: $14,6742024

Highlighted filing

2024

Revenue$207,828
Expenses$193,154
Net Income$14,674

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.2
Gross Receipts
$207,828
Mission and Program Overview

Mission

The foundation will conduct research and development programs to evaluate the patient benefits of several emerging technologies and tools in colorectal surgery. This research will be aimed at developing and implementing new technology into practice for colorectal surgeons, trainees, and patients.

SEE ATTACHED SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$317,625$332,299▲ $14,674
Cash and Non-Interest-Bearing Accounts$314,525$327,987▲ $13,462
Other Notes and Loans Receivable, Net$3,100$3,100→ $0
Land, Buildings, and Equipment, Net$0$1,212▲ $1,212
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$317,625$332,299▲ $14,674
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$317,625$332,299▲ $14,674
Total Liabilities and Net Assets / Fund Balance$317,625$332,299▲ $14,674

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,212$2,576-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eric HaasDirector & President
Joshua CourseyDirector
Jean-paul LefaveDirector & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$207,828
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$207,828
Change in Net Assets
$14,674
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$87,599
Salaries, Compensation, and Employee Benefits$54,334
Other Expenses$51,221
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$87,599--$87,599
Other Salaries and Wages$49,104$0$0$49,104
Fees for Services Legal$17,806$0$0$17,806
Travel$14,482$0$0$14,482
Payroll Taxes$5,149$0$0$5,149
Fees for Services Accounting$5,121$0$0$5,121
All Other Expenses$3,552--$3,552
Depreciation Depletion$2,576--$2,576
Other Expenses$1,004--$1,004
Other Employee Benefits$81$0$0$81
Total Functional Expenses$193,154$0$0$193,154
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
HM Hospital FoundationHouston, TX-Charitable$82,699
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B Line 11B

The completed irs form 990 is delivered to the directors of the foundation for the first review. The executive director and president signs the form 8879-te, irs e-file signature authorization for a tax-exempt organization. All directors are furnished copies of form 990 during review, and a copy of the final return is maintained for public inspection, except for schedule b.

Form 990, Part VI, Section B Line 12C

The organization has a written policy for conflict of interest. The organization's directors are covered by the policy established in the bylaws of the foundation.

Form 990 Part VI, Section C Line 19

The organization makes the governing documents, conflict of interest policy, and financial statements available to the public upon written or verbal request within a reasonable amount of time. It is available within two weeks at a designated place and time or within 30 days a mailed copy can be sent to the requestor. This form is also available for three years for inspection as well.

Filing and Contact Details

Filer

Filer Name
Houston Colon Foundation
EIN
87-4253604
In Care Of
% ERIC HAAS
Phone
7137900600
Address
3411 ROBINHOOD ST, HOUSTON, TX 77005

Signing Officer

Name
Eric Haas
Title
President
Phone
7137900600
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Haas
Formed
2021
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
5

Preparer

Firm
Eepb
Address
2950 NORTH LOOP W SUITE 1200, HOUSTON, TX 77092
Phone
7136220016
Supplemental Narrative

Additional Explanations

Form 990, Part 1, Line 1

The purpose of the foundation is to (1) conduct research and development programs with regard to emerging technologies and tools for the betterment of colorectal diseases treatment, (2) provide education and outreach programs that will develop educational programs, print media, etc. For the medical community to disseminate best practices for colorectal diseases, (3) make donations to charitable organizations that positively impact the lives of those suffering with diseases of the colon, rectum, and anus, (4) develop collaborative projects with houston methodist research institute, university of houston college of medicine, baylor college of medicine, rice university, and potentially others.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0193403
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0420645
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0821876
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0821876
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0207828
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0193403
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0420645
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0821876
IRS990ScheduleA/TotalSupportAmt0821876
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01212
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02576
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt03788
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01212
IRS990ScheduleI/RecipientTable/CashGrantAmt082699
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHARITABLE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HM Hospital Foundation
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01707 Sunset Blvd
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Houston
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THE FOUNDATION IS TO (1) CONDUCT RESEARCH AND DEVELOPMENT PROGRAMS WITH REGARD TO EMERGING TECHNOLOGIES AND TOOLS FOR THE BETTERMENT OF COLORECTAL DISEASES TREATMENT, (2) PROVIDE EDUCATION AND OUTREACH PROGRAMS THAT WILL DEVELOP EDUCATIONAL PROGRAMS, PRINT MEDIA, ETC. FOR THE MEDICAL COMMUNITY TO DISSEMINATE BEST PRACTICES FOR COLORECTAL DISEASES, (3) MAKE DONATIONS TO CHARITABLE ORGANIZATIONS THAT POSITIVELY IMPACT THE LIVES OF THOSE SUFFERING WITH DISEASES OF THE COLON, RECTUM, AND ANUS, (4) DEVELOP COLLABORATIVE PROJECTS WITH HOUSTON METHODIST RESEARCH INSTITUTE, UNIVERSITY OF HOUSTON COLLEGE OF MEDICINE, BAYLOR COLLEGE OF MEDICINE, RICE UNIVERSITY, AND POTENTIALLY OTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPLETED IRS FORM 990 IS DELIVERED TO THE DIRECTORS OF THE FOUNDATION FOR THE FIRST REVIEW. THE EXECUTIVE DIRECTOR AND PRESIDENT SIGNS THE FORM 8879-TE, IRS E-FILE SIGNATURE AUTHORIZATION FOR A TAX-EXEMPT ORGANIZATION. ALL DIRECTORS ARE FURNISHED COPIES OF FORM 990 DURING REVIEW, AND A COPY OF THE FINAL RETURN IS MAINTAINED FOR PUBLIC INSPECTION, EXCEPT FOR SCHEDULE B.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A WRITTEN POLICY FOR CONFLICT OF INTEREST. THE ORGANIZATION'S DIRECTORS ARE COVERED BY THE POLICY ESTABLISHED IN THE BYLAWS OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN OR VERBAL REQUEST WITHIN A REASONABLE AMOUNT OF TIME. IT IS AVAILABLE WITHIN TWO WEEKS AT A DESIGNATED PLACE AND TIME OR WITHIN 30 DAYS A MAILED COPY CAN BE SENT TO THE REQUESTOR. THIS FORM IS ALSO AVAILABLE FOR THREE YEARS FOR INSPECTION AS WELL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART 1, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART VI, SECTION C LINE 19
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IRS990/TotalAssetsBOYAmt0317625
IRS990/TotalAssetsEOYAmt0332299
IRS990/TotalAssetsGrp/BOYAmt0317625
IRS990/TotalAssetsGrp/EOYAmt0332299
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0207828
IRS990/TotalEmployeeCnt05
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0193154
IRS990/TotalFunctionalExpensesGrp/TotalAmt0193154
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0317625
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0332299
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0193154
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0207828
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0317625
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0332299
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt014482
IRS990/TravelGrp/TotalAmt014482
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03411 ROBINHOOD ST
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077005
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIC HAAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07137900600
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOUSTON COLON FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0HOUS
ReturnHeader/Filer/EIN0874253604
ReturnHeader/Filer/InCareOfNm0% ERIC HAAS

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