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Good Samaritan Endowment Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201930300 ✦ Houston, TX ✦ Designated as a 501(c)(3)

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Overview

What is Good Samaritan Endowment Inc?

Good Samaritan Endowment Inc is a nonprofit organization situated in Houston, Texas, specifically at 3262 Westheimer Road 764. The primary purpose of this entity is to aid and collaborate with the Good Samaritan Foundation of Texas, Inc. This support is facilitated through the management of investments, which serve as a perpetual funding source for the foundation. The endowment's mission aligns with that of the foundation, aiming to contribute positively and make a difference in their shared endeavors.


Official website here: www.gsftx.org/endowment

Is Good Samaritan Endowment Inc legitimate?

Good Samaritan Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good Samaritan Endowment Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.gsftx.org/endowment

What is the mission statement of Good Samaritan Endowment Inc?

Good Samaritan Endowment Inc's mission is to provide ongoing financial support and assistance to the Good Samaritan Foundation of Texas, Inc. By managing investments as a permanent funding source, the Endowment seeks to sustain the operations and initiatives of the foundation. The Endowment's role is crucial in ensuring the long-term success and impact of the Good Samaritan Foundation of Texas, Inc. in its charitable endeavors.


Official website here: www.gsftx.org/endowment

Who is the CEO of Good Samaritan Endowment Inc?

Melbern G Glasscock is the President of Good Samaritan Endowment Inc.


Official website here: www.gsftx.org/endowment

What is the revenue of Good Samaritan Endowment Inc?

Good Samaritan Endowment Inc's revenue in 2022 was $39,789.


Official website here: www.gsftx.org/endowment

Who are the executives of Good Samaritan Endowment Inc and what are their salaries?

There 5 volunteers at Good Samaritan Endowment Inc.


Here are 6 key members and their salaries:


Melbern G Glasscock (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth J Lewis (Vice President & Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason L Fertitta (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Young Sudduth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James D Weaver (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa King (Secretary)
  • Compensation: $0
  • Related: $96,089
  • Other: $12,442


Official website here: www.gsftx.org/endowment

Where can I find the form 990 for Good Samaritan Endowment Inc?

Good Samaritan Endowment Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gsftx.org/endowment

Learn more at the official website: www.gsftx.org/endowment

Mission Statement of Good Samaritan Endowment Inc

Good Samaritan Endowment Inc is dedicated to supporting and aiding the Good Samaritan Foundation of Texas, Inc. In essence, the Endowment serves as a financial backbone, providing a steady stream of funds that ensure the Foundation's operations run smoothly and sustainably. By holding investments, the Endowment acts as a permanent source of funding, ensuring the Foundation's mission can continue to make a difference in the lives of those it serves.

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Impact




October, 2024

Good Samaritan Endowment Inc significantly impacts the Houston community by providing a sustainable source of funding for the Good Samaritan Foundation of Texas, Inc. Through its investment holdings, the Endowment ensures long-term financial support that enhances the Foundation's ability to deliver essential services and programs. By effectively managing and growing these resources, the Endowment plays a crucial role in fostering philanthropy and addressing various community needs, enabling the Foundation to fulfill its mission of support and assistance. This enduring financial backing helps improve the quality of life for those the Foundation serves, highlighting the Endowment's commitment to community welfare and philanthropy.




This information is meant to be a general summary of Good Samaritan Endowment Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$39,789 (2022)
Expenses
$75,000 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $39,789
  • Gross Receipts: $39,789

Assets and Liabilities:

  • Total Assets: $1,954,800
  • Total Liabilities: $0
  • Net Assets: $1,954,800

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Organization Details

Founding Year

2004

Principal Officer

Melbern G Glasscock

Main Address

3262 Westheimer Road 764, Houston, TX, 77098

NTEE Category

Code: T113 - Philanthropy

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