Halliburton Charitable Foundation FY2020 filing

Tax-deductible

Houston, TX501(c)(3)Foundations & GrantmakersEIN 26-2383244Revenue $100K in FY2020

On file with the IRShalliburtoncharitygolf.org3000 N Sam Houston Pkwy E, 77032-3219 · Houston, TXTax-exempt since Jan 2009Publicly supported — 509(a)(2)

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The corporate mission is to promote the accomplishment of charitable purposes by raising funds to distribute to organizations that are exempt from Federal income tax under Section 501a of the IRC.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $183K a year · 8% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
43 mo
of spending, in cash
Looks good: 43.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $45K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$100K
Spent
$455K
To programs
100%
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$100K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$100K
FY2021$2.0M
FY2022$3.0M
FY2023$2.9M
FY2024$3.8M
Expenses
$455K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$455K
FY2021$2.6M
FY2022$3.3M
FY2023$3.2M
FY2024$3.3M
Net assets
$1.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.1M
FY2022$806K
FY2023$519K
FY2024$1.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $455K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President and Director
$0Pt VII · Sec A
Secretary and Director
$0Pt VII · Sec A
Treasurer and Director
$0Pt VII · Sec A
General Counsel
$0Pt VII · Sec A
$0Pt VII · Sec A
See Halliburton Charitable Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises funds, primarily through an annual golf tournament, to provide grants to tax-exempt charities for high-impact capital projects and special community programs.

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Provided by the organization

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1 program · $455K · in their own filed words · FY2020
01

The program is to provide the accomplishment of the golf tournament charity by raising funds.

$455Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$45K
Grants paid · 419 grants · $12.4M · 2020–2024
Houston Police FoundationTX · FY2024$129,450
Hunt with Heart IncorporatedTX · FY2024$76,250
Coastal Prairie ConservancyTX · FY2024$63,850
Buckner InternationalTX · FY2024$59,986
Inspiration Ranch INCTX · FY2024$59,050
Medical Bridges INCTX · FY2024$56,000
Combined ArmsTX · FY2024$55,600
Kids Meals INCTX · FY2024$55,100
Be an Angel Fund INCTX · FY2024$52,250
High Sky Childrens Ranch INCTX · FY2024$52,050
The Council on RecoveryTX · FY2024$51,900
See all 419 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$100K
Ln 12
Gifts and grantsLn 1h$115K
Investment incomeLn 3$755
Money outPt IX
$455K
Ln 25
Programscol B$455K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$1.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$115K
Fundraising eventsLn 1c$115K
Investment incomeLn 3$755
Total revenueLn 12$100K
Assets in detailPt X, end of year
CashLn 1$242K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.6M
Total assetsLn 16$1.6M
LiabilitiesLn 26$0
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 665
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.0M$1.6M
Total assetsLn 16$2.0M$1.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.0M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$455K$455K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$455K$455K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.8M$3.3M$556K$1.2M 990 PDF
FY2023 $2.9M$3.2M−$286K$519K 990 PDF
FY2022 $3.0M$3.3M−$278K$806K 990 PDF
FY2021 $2.0M$2.6M−$550K$1.1M 990 PDF
FY2020 Viewing $100K$455K−$355K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $99,838 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,619,915$115,173
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,045$755
I-11 Other revenuePrior year −$357,760−$16,090
I-12 Total revenuePrior year $4,263,200$99,838
I-13 Grants and similar amounts paidPrior year $3,990,235$454,800
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$0
I-18 Total expensesPrior year $3,990,235$454,800
I-19 Revenue less expensesPrior year $272,965−$354,962
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $99,838 across 5 lines filed
VIII-1c Fundraising events$115,173
VIII-1h Total contributions, gifts and grants$115,173
VIII-3 Investment income$755
VIII-8 Net income from fundraising events−$16,090
VIII-12 Total revenue$99,838
Part IX · Statement of functional expenses $454,800 across 29 lines filed
IX-1 Grants to domestic organizationsPrograms $454,800$454,800
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $454,800 · Management $0 · Fundraising $0$454,800
Part X · Balance sheet $1,634,397 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $887,875$242,286
X-2 Savings and temporary cash investmentsStart of year $1,101,484$1,392,111
X-16 Total assetsStart of year $1,989,359$1,634,397
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,989,359$1,634,397
X-33 Total liabilities and net assetsStart of year $1,989,359$1,634,397
Part XI · Reconciliation of net assets $1,634,397 net assets at year end
XI-1 Total revenue$99,838
XI-2 Total expenses$454,800
XI-3 Revenue less expenses−$354,962
XI-4 Net assets at start of year$1,989,359
XI-10 Net assets at end of year$1,634,397

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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