The Terry Foundation

Many Stars Come From Texas

Houston, TX | terryfoundation.org

GuideStar Charity Check

EIN: 31-1551093

Contributions tax deductible
as of May 2023

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Charity Check report

Mission

The Terry Foundation’s mission is to develop future leaders of Texas through access to education. The Terry Foundation’s vision is to create a community of educated leaders who utilize their talents to strengthen the state of Texas and impact the world.

Ruling year info

1997

President and Executive Director

Yvonne Moody

Main address

3336 Richmond Avenue Suite 450

Houston, TX 77098 USA

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EIN

31-1551093

Subject area info

Undergraduate education

Foundations

Population served info

Students

NTEE code info

Private Independent Foundations (T22)

IRS subsection

501(c)(3) Private Nonoperating Foundation

IRS filing requirement

This organization is required to file an IRS Form 990-PF.

Tax forms

Show Forms 990

Communication

Programs and results

Reports and documents

What we aim to solve

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If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Terry Scholarship Programs

Scholarships for Texas high school graduates (up to 100% cost of attendance for up to 8 semesters)to attend affiliated public universities within the state.

Population(s) Served

Students

Where we work

Awards

Scholarship Provider of the Year 2013

National Scholarship Providers Association

External reviews

Videos

Financials

The Terry Foundation

Fiscal year: Jan 01 - Dec 31

Financial data

Source: IRS Form 990

Digitizing IRS form 990 data

The Terry Foundation

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

Fiscal year ending: Download Data

Revenue
Investments (Net)	$6,210,131
Adjusted Net Income	$0

Expenses
Total Operating & Admin Expenses	$1,163,795
Contributions, Gifts, Grants Paid	$9,373,250
Total Expenses & Disbursements	$10,537,045

Functional expenses
Accounting Fees	$14,550
Interest Expense	$0
Legal Fees	$0
Other Professional Fees	$146,709
Pension Plans/Employee Benefits	$0
Printing & Publications	$0

Revenue
Investments (Net)	$2,317,835
Adjusted Net Income	$0

Expenses
Total Operating & Admin Expenses	$1,243,836
Contributions, Gifts, Grants Paid	$9,445,750
Total Expenses & Disbursements	$10,689,586

Functional expenses
Accounting Fees	$18,550
Interest Expense	$0
Legal Fees	$0
Other Professional Fees	$214,976
Pension Plans/Employee Benefits	$0
Printing & Publications	$2,476

Revenue
Investments (Net)	$6,158,106
Adjusted Net Income	$0

Expenses
Total Operating & Admin Expenses	$1,259,966
Contributions, Gifts, Grants Paid	$9,333,500
Total Expenses & Disbursements	$10,593,466

Functional expenses
Accounting Fees	$19,000
Interest Expense	$0
Legal Fees	$0
Other Professional Fees	$248,870
Pension Plans/Employee Benefits	$0
Printing & Publications	$3,897

Revenue
Investments (Net)	$4,696,248
Adjusted Net Income	$0

Expenses
Total Operating & Admin Expenses	$1,457,329
Contributions, Gifts, Grants Paid	$10,174,578
Total Expenses & Disbursements	$11,631,907

Functional expenses
Accounting Fees	$19,600
Interest Expense	$0
Legal Fees	$0
Other Professional Fees	$240,826
Pension Plans/Employee Benefits	$0
Printing & Publications	$850

Revenue
Investments (Net)	$7,566,311
Adjusted Net Income	$0

Expenses
Total Operating & Admin Expenses	$1,479,047
Contributions, Gifts, Grants Paid	$10,442,000
Total Expenses & Disbursements	$11,921,047

Functional expenses
Accounting Fees	$27,600
Interest Expense	$24
Legal Fees	$0
Other Professional Fees	$258,791
Pension Plans/Employee Benefits	$0
Printing & Publications	$0

Revenue
Investments (Net)	$33,588,720
Adjusted Net Income	$0

Expenses
Total Operating & Admin Expenses	$3,664,889
Contributions, Gifts, Grants Paid	$14,462,900
Total Expenses & Disbursements	$18,127,789

Functional expenses
Accounting Fees	$33,800
Interest Expense	$60
Legal Fees	$14,514
Other Professional Fees	$760,997
Pension Plans/Employee Benefits	$0
Printing & Publications	$0

Revenue
Investments (Net)	$50,492,634
Adjusted Net Income	$0

Expenses
Total Operating & Admin Expenses	$6,495,942
Contributions, Gifts, Grants Paid	$20,614,322
Total Expenses & Disbursements	$27,110,264

Functional expenses
Accounting Fees	$41,600
Interest Expense	$0
Legal Fees	$3,799
Other Professional Fees	$1,114,047
Pension Plans/Employee Benefits	$0
Printing & Publications	$6,587

Revenue
Investments (Net)	$101,801,228
Adjusted Net Income	$0

Expenses
Total Operating & Admin Expenses	$7,397,737
Contributions, Gifts, Grants Paid	$32,159,287
Total Expenses & Disbursements	$39,557,024

Functional expenses
Accounting Fees	$43,600
Interest Expense	$1,328
Legal Fees	$28,988
Other Professional Fees	$1,564,836
Pension Plans/Employee Benefits	$0
Printing & Publications	$13,430

Revenue
Investments (Net)	$12,704,358
Adjusted Net Income	$0

Expenses
Total Operating & Admin Expenses	$6,453,639
Contributions, Gifts, Grants Paid	$34,989,785
Total Expenses & Disbursements	$41,443,424

Functional expenses
Accounting Fees	$44,000
Interest Expense	$403
Legal Fees	$14,316
Other Professional Fees	$1,405,178
Pension Plans/Employee Benefits	$0
Printing & Publications	$0

Revenue
Investments (Net)	$27,065,961
Adjusted Net Income	$0

Expenses
Total Operating & Admin Expenses	$5,323,036
Contributions, Gifts, Grants Paid	$34,816,115
Total Expenses & Disbursements	$40,139,151

Functional expenses
Accounting Fees	$45,400
Interest Expense	$0
Legal Fees	$34,680
Other Professional Fees	$1,393,765
Pension Plans/Employee Benefits	$0
Printing & Publications	$0

Revenue
Investments (Net)	$16,563,422
Adjusted Net Income	$0

Expenses
Total Operating & Admin Expenses	$6,167,245
Contributions, Gifts, Grants Paid	$29,574,950
Total Expenses & Disbursements	$35,742,195

Functional expenses
Accounting Fees	$40,563
Interest Expense	$1,241
Legal Fees	$25,766
Other Professional Fees	$1,382,162
Pension Plans/Employee Benefits	$0
Printing & Publications	$0

Revenue
Investments (Net)	$16,935,366
Adjusted Net Income	$0

Expenses
Total Operating & Admin Expenses	$5,453,251
Contributions, Gifts, Grants Paid	$25,959,400
Total Expenses & Disbursements	$31,412,651

Functional expenses
Accounting Fees	$32,000
Interest Expense	$27,620
Legal Fees	$57,849
Other Professional Fees	$1,095,587
Pension Plans/Employee Benefits	$0
Printing & Publications	$0

Revenue
Investments (Net)	$12,789,970
Adjusted Net Income	$0

Expenses
Total Operating & Admin Expenses	$5,703,989
Contributions, Gifts, Grants Paid	$21,392,955
Total Expenses & Disbursements	$27,096,944

Functional expenses
Accounting Fees	$26,400
Interest Expense	$0
Legal Fees	$28,943
Other Professional Fees	$994,250
Pension Plans/Employee Benefits	$0
Printing & Publications	$26,764

Revenue
Investments (Net)	$52,054,104
Adjusted Net Income	$0

Expenses
Total Operating & Admin Expenses	$6,223,138
Contributions, Gifts, Grants Paid	$17,626,100
Total Expenses & Disbursements	$23,849,238

Functional expenses
Accounting Fees	$30,640
Interest Expense	$0
Legal Fees	$42,641
Other Professional Fees	$1,498,429
Pension Plans/Employee Benefits	$534,204
Printing & Publications	$17,893

The Terry Foundation

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets
Investments (Net)	$6,210,131
Cash & Equivalent (Investible Assets)	$0
Investments, US & State Government	$155
Investments, Corporate Stock	$66,688,140
Investments, Corporate Bonds	$4,549,022
Investments, Other	$0
Land, Buildings and Equipment	$0
Other	$0
Total Assets	$74,153,176

Liabilities
Total Liabilities	$0

Fund balance
Net Assets	$74,153,176

Assets
Investments (Net)	$2,317,835
Cash & Equivalent (Investible Assets)	$1,838,690
Investments, US & State Government	$0
Investments, Corporate Stock	$84,602,322
Investments, Corporate Bonds	$5,643,744
Investments, Other	$0
Land, Buildings and Equipment	$0
Other	$0
Total Assets	$92,419,395

Liabilities
Total Liabilities	$0

Fund balance
Net Assets	$92,419,395

Assets
Investments (Net)	$6,158,106
Cash & Equivalent (Investible Assets)	$9,113,469
Investments, US & State Government	$0
Investments, Corporate Stock	$89,112,304
Investments, Corporate Bonds	$5,878,247
Investments, Other	$0
Land, Buildings and Equipment	$0
Other	$0
Total Assets	$104,104,020

Liabilities
Total Liabilities	$0

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination is not available for this organization

Form 1023/1024 is not available for this organization

President and Executive Director

Yvonne Moody

The Terry Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

The Terry Foundation

Highest paid employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of highest paid employee data for this organization

The Terry Foundation

Board of directors
as of 02/20/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Rhett Campbell

Yvonne Moody

Carter Overton

Jeff Stichler

Brian Yarbrough

Elizabeth Keeler

Scott Grass

Bonnie Southerland

Kim Pekar

Brian Carroll

Brandy Horton

Kathryn Flowers

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Not applicable
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 2/20/2023

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Female, Not transgender (cisgender)

Sexual orientation

Heterosexual or straight

Disability status

Person without a disability

Race & ethnicity

Gender identity

Sexual orientation

Disability

Equity strategies

Last updated: 02/05/2021

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Policies and processes

We have community representation at the board level, either on the board itself or through a community advisory board.
We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.

Contractors

Fiscal year ending

There are no fundraisers recorded for this organization.

The Terry Foundation

Many Stars Come From Texas

Mission

Is this your nonprofit?

Programs and results

Reports and documents

What we aim to solve

This profile needs more info.

Our programs

Terry Scholarship Programs

Where we work

Awards

Financials

Financial data

Digitizing IRS form 990 data

The Terry Foundation

The Terry Foundation

Operations

Documents

President and Executive Director

Yvonne Moody

The Terry Foundation

Compensation data

The Terry Foundation

Compensation data

The Terry Foundation

Board of directors data

Rhett Campbell

Board leadership practices

Board orientation and education

CEO oversight

Ethics and transparency

Board composition

Board performance

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Sexual orientation

Disability

Equity strategies

Contractors