Center for Houstons Future INC

Tax-deductible

Houston, TX501(c)(3)Community DevelopmentEIN 76-0386539

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The Center inspires leaders to identify matters of the highest importance to the long-term Future of the greater houston region & to collaborate in addressing those challenges

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
Run by 40 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
5 of 5
filings with a surplus
Average surplus $146K a year · 9% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$781K
to officers and key staff · 44% of spending
Top officer’s pay higher than 93% of similar orgs
Concern: pay to officers and key staff is 44% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $300K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$275K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 26 voting members
Looks good: 24 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+12% vs prior year
Spent
$1.8M
To programs
64%
Net assets
$711K
By yearFY2020–FY2024
Revenue
$2.1M
FY2024▲ +12%
Revenue by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.5M
FY2023$1.8M
FY2024$2.1M
Expenses
$1.8M
FY2024▲ +2%
Expenses by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.5M
FY2023$1.7M
FY2024$1.8M
Net assets
$711K
FY2024▲ +74%
Net assets by fiscal year
FY2020$100K
FY2021$273K
FY2022$296K
FY2023$410K
FY2024$711K

From the FY2024 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 Apr 1993.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $1.1M Management & general 24% · $426K Fundraising 12% · $203K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

28 people listed on the 990; $781K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO / Managing Director
$398,594Pt VII · Sec A
SVP Strategic Initiatives
$159,062Pt VII · Sec A
SVP Leadership & Engagement
$125,476Pt VII · Sec A
President & CEO (begin 9/1/2024)
$97,761Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Brett Perlman’s $399K as President & CEO / Managing Director is at the 93rd percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Brett Perlman$398,594$357,927$316,752$306,999$331,340
Laura Goldberg$159,062$160,270$148,443$127,756$121,238
Russell Richard$125,476$123,116—$112,915$114,588
Russell J Richard——$117,084——
David F Gow$97,761————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Inspires leaders to identify and address Houston's most important long-term challenges.

Provided by the organization

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3 program services account for $1.1M of program spending, described in the organization's own filed words · FY2024.
01

Program One

Strategic Initiatives (Planning, Research and Action) Center for Houston's Future looks over the horizon at global, national, and local trends that will shape our future, and brings business, government, and community stakeholders together to engage in fact-based strategic planning, collaboration, consensus building and action on issues…

$733Kprogram expense
02

Program Two

Leadership Business/Civic Leadership Forum: We are not just planning Houston's future; we're cultivating the leaders who will drive it forward. Our leadership development programs identify, train, and support emerging civic and professional leaders committed to Houston's growth.

$290Kprogram expense
03

Program Three

Community engagement: Community Engagement is the Center's third area of focus. Knowledge is power, and we are empowering Houstonians. 2024 Event Highlights: In 2024, we once again sponsored an energy conference with Greater Houston Partnership, offered a fall version of our Summer Salon programming, and hosted our signature fall Dinner…

$106Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$435K
Investment incomeLn 3$19K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.1M
Managementcol C$426K
Fundraisingcol D$203K
Owns and owesPt X
$711K
net assets · Ln 32
Cash and savingsLn 1–2$626K
Total assetsLn 16$987K
LiabilitiesLn 26$275K
PeoplePt VI, VII
28
listed · VII A
PaidVII A4
Voting boardVI 1a26
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Fundraising eventsLn 1c$260K
Fees for servicesLn 2g$435K
Investment incomeLn 3$19K
Other incomeLn 4–11$11K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$155K
SavingsLn 2$471K
Cash and savings togetherLn 1–2$626K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$0
Total assetsLn 16$987K
LiabilitiesLn 26$275K
Net assetsLn 32$711K
OperationsPt I, VI
EmployeesI 56
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$604K$626K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$6K$4K
Total assetsLn 16$843K$987K
LiabilitiesLn 26$434K$275K
Net assetsLn 32$410K$711K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$856K$518K$218K$120K
Other salaries and wagesLn 7$364K$218K$94K$51K
Pension plan contributionsLn 8$13K$8K$3K$2K
Other employee benefitsLn 9$58K$38K$12K$8K
Payroll taxesLn 10$70K$46K$14K$10K
Legal feesLn 11b$3K$140$3K
Accounting feesLn 11c$30K$30K
Other fees for servicesLn 11g$245K$232K$12K$409
Advertising and promotionLn 12$180$180
Office expensesLn 13$13K$137$12K$386
Information technologyLn 14$11K$6K$5K
TravelLn 17$23K$18K$4K$655
Conferences, conventions and meetingsLn 19$46K$39K$6K$186
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$23K$10K$7K$5K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$1.8M$1.1M$426K$203K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.1M$1.8M$302K$711K 990 PDF
FY2023 $1.8M$1.7M$113K$410K 990 PDF
FY2022 $1.5M$1.5M$24K$296K 990 PDF
FY2021 $1.3M$1.1M$172K$273K 990 PDF
FY2020 $1.2M$1.1M$121K$100K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,059,525 across 8 lines filed
VIII-1c Fundraising events$260,131
VIII-1f All other contributions, gifts and grants$1,335,005
VIII-1h Total contributions, gifts and grants$1,595,136
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $434,519$434,519
VIII-3 Investment incomeExcluded from tax $18,863$18,863
VIII-8 Net income from fundraising eventsExcluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $11,007$11,007
VIII-12 Total revenueRelated to mission $434,519 · Unrelated business $0 · Excluded from tax $29,870$2,059,525
Part IX · Statement of functional expenses $1,757,676 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $517,847 · Management $217,572 · Fundraising $120,496$855,915
IX-7 Other salaries and wagesPrograms $218,140 · Management $94,196 · Fundraising $51,272$363,608
IX-8 Pension plan contributionsPrograms $8,291 · Management $2,566 · Fundraising $1,744$12,601
IX-9 Other employee benefitsPrograms $37,865 · Management $11,717 · Fundraising $7,964$57,546
IX-10 Payroll taxesPrograms $46,114 · Management $14,270 · Fundraising $9,699$70,083
IX-11b Legal feesPrograms $140 · Management $2,678$2,818
IX-11c Accounting feesManagement $29,925$29,925
IX-11g Other fees for servicesPrograms $232,198 · Management $12,389 · Fundraising $409$244,996
IX-12 Advertising and promotionPrograms $180$180
IX-13 Office expensesPrograms $137 · Management $12,364 · Fundraising $386$12,887
IX-14 Information technologyManagement $6,109 · Fundraising $4,983$11,092
IX-17 TravelPrograms $18,051 · Management $3,825 · Fundraising $655$22,531
IX-19 Conferences, conventions and meetingsPrograms $39,438 · Management $6,348 · Fundraising $186$45,972
IX-22 Depreciation, depletion and amortizationManagement $2,328$2,328
IX-23 InsuranceManagement $2,360$2,360
IX-24 Other expenses (24a–d)Programs $10,283 · Management $7,271 · Fundraising $5,280$22,834
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $1,128,684 · Management $425,918 · Fundraising $203,074$1,757,676
Part X · Balance sheet $986,804 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $155,209$155,059
X-2 Savings and temporary cash investmentsStart of year $448,945$471,317
X-3 Pledges and grants receivableStart of year $29,588$87,500
X-4 Accounts receivableStart of year $201,107$267,029
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $2,874$1,468
X-10c Land, buildings and equipment, netStart of year $5,635$4,431
X-11 Publicly traded securitiesStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $843,358$986,804
X-17 Accounts payable and accrued expensesStart of year $231,133$68,125
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $65,500$80,100
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $137,122$127,127
X-26 Total liabilitiesStart of year $433,755$275,352
X-27 Net assets without donor restrictionsStart of year $258,262$254,390
X-28 Net assets with donor restrictionsStart of year $151,341$457,062
X-32 Total net assets or fund balancesStart of year $409,603$711,452
X-33 Total liabilities and net assetsStart of year $843,358$986,804
Part XI · Reconciliation of net assets $711,452 net assets at year end
XI-1 Total revenue$2,059,525
XI-2 Total expenses$1,757,676
XI-3 Revenue less expenses$301,849
XI-4 Net assets at start of year$409,603
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$711,452

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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