Favrot Fund

Houston, TX
Tax-exempt since Nov. 2000
EIN: 76-0638639

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.84M (2024)

Expenses

$3.3M (2024)

Total Assets

$12.1M (2024)

Total Liabilities

$20.6k (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$1,839,057

Expenses

$3,295,361

Net Income

-$1,456,304

Net Assets

$12,049,346

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$335,079	18.2%
Sales of Assets	$1,503,978	81.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,099,578	33.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,069,944
Total Liabilities	$20,598
Net Assets	$12,049,346

Compensation

Key Employees and Officers	Compensation	Other
Laurence Favrot (President/Trustee)	$0	$32,286
Romelia Favrot (Treasurer/Trustee)	$0	$2,241
Leo M Favrot (Trustee)	$0	$0
Jeanette F Peterson (Trustee)	$0	$3,790
Lenior M Josey (Trustee)	$0	$0

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990-PF

Filed on April 21, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$411,655

Expenses

$1,257,076

Net Income

-$845,421

Net Assets

$13,498,404

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$336,361	81.7%
Sales of Assets	$75,294	18.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,084,047	86.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,498,404
Total Liabilities	$0
Net Assets	$13,498,404

Compensation

Key Employees and Officers	Compensation	Other
Laurence Favrot (President/Trustee)	$0	$51,341
Romelia Favrot (Treasurer/Trustee)	$0	$0
Leo M Favrot (Trustee)	$0	$0
Jeanette F Peterson (Trustee)	$0	$2,769
Lenior M Josey (Trustee)	$0	$0

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990-PF

Filed on May 1, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$543,528

Expenses

$1,209,261

Net Income

-$665,733

Net Assets

$14,343,825

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$342,777	63.1%
Sales of Assets	$200,751	36.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,041,927	86.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,350,778
Total Liabilities	$6,953
Net Assets	$14,343,825

Compensation

Key Employees and Officers	Compensation	Other
Laurence Favrot (President/Trustee)	$0	$10,351
Romelia Favrot (Treasurer/Trustee)	$0	$0
Leo M Favrot (Trustee)	$0	$0
Jeanette F Peterson (Trustee)	$0	$1,476
Lenior M Josey (Trustee)	$0	$0

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990-PF

Filed on April 7, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,424,798

Expenses

$992,271

Net Income

$432,527

Net Assets

$15,009,558

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$321,006	22.5%
Sales of Assets	$1,103,792	77.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$798,650	80.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,016,511
Total Liabilities	$6,953
Net Assets	$15,009,558

Compensation

Key Employees and Officers	Compensation	Other
Laurence Favrot (President/Trustee)	$0	$0
Romelia Favrot (Treasurer/Trustee)	$0	$0
Leo M Favrot (Trustee)	$0	$0
Jeanette F Peterson (Trustee)	$0	$0
Lenior M Josey (Trustee)	$0	$0

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990-PF

Filed on April 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$412,535

Expenses

$938,402

Net Income

-$525,867

Net Assets

$14,577,030

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$341,464	82.8%
Sales of Assets	$71,071	17.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$789,622	84.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,577,031
Total Liabilities	$1
Net Assets	$14,577,030

Compensation

Key Employees and Officers	Compensation	Other
Laurence Favrot (President/Trustee)	$0	$0
Romelia Favrot (Treasurer/Trustee)	$0	$0
Leo M Favrot (Trustee)	$0	$0
Jeanette F Peterson (Trustee)	$0	$0
Lenior M Josey (Trustee)	$0	$0

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990-PF

Filed on March 29, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$876,650

Expenses

$1,028,109

Net Income

-$151,459

Net Assets

$15,102,898

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$380,068	43.4%
Sales of Assets	$493,307	56.3%
Other Income	$3,275	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$841,697	81.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,109,225
Total Liabilities	$6,327
Net Assets	$15,102,898

Compensation

Key Employees and Officers	Compensation	Other
Laurence Favrot (President/Trustee)	$0	$0
Romelia Favrot (Treasurer/Trustee)	$0	$0
Leo M Favrot (Trustee)	$0	$0
Jeanette F Peterson (Trustee)	$0	$0
Lenior M Josey (Trustee)	$0	$0

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990-PF

Filed on April 3, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$932,139

Expenses

$1,192,807

Net Income

-$260,668

Net Assets

$15,254,357

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$362,729	38.9%
Sales of Assets	$569,410	61.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,025,624	86.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,255,695
Total Liabilities	$1,338
Net Assets	$15,254,357

Compensation

Key Employees and Officers	Compensation	Other
Laurence Favrot (President/Trustee)	$0	$0
Romelia Favrot (Treasurer/Trustee)	$0	$0
Leo M Favrot (Trustee)	$0	$0
Jeanette F Peterson (Trustee)	$0	$0
Lenior M Josey (Trustee)	$0	$0

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990-PF

Filed on April 19, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$758,183

Expenses

$1,112,840

Net Income

-$354,657

Net Assets

$15,515,025

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$380,070	50.1%
Sales of Assets	$378,113	49.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$938,675	84.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,515,025
Total Liabilities	$0
Net Assets	$15,515,025

Compensation

Key Employees and Officers	Compensation	Other
Laurence Favrot (President/Trustee)	$0	$0
Romelia Favrot (Treasurer/Trustee)	$0	$0
Leo M Favrot (Trustee)	$0	$0
Jeanette F Peterson (Trustee)	$0	$0
Celestine Favrot Arndt (Trustee)	$0	$0
Lenior M Josey (Trustee)	$0	$0

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990-PF

Filed on Nov. 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$606,736

Expenses

$3,185,626

Net Income

-$2,578,890

Net Assets

$16,956,201

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$368,029	60.7%
Sales of Assets	$166,578	27.5%
Other Income	$72,129	11.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$959,457	30.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,956,201
Total Liabilities	$0
Net Assets	$16,956,201

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$1,202,817

Expenses

$1,370,012

Net Income

-$167,195

Net Assets

$19,535,091

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$490,968	40.8%
Sales of Assets	$693,072	57.6%
Other Income	$18,777	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,138,076	83.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$19,535,091
Total Liabilities	$0
Net Assets	$19,535,091

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$2,146,722

Expenses

$1,164,510

Net Income

$982,212

Net Assets

$19,702,286

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$387,108	18.0%
Sales of Assets	$1,747,607	81.4%
Other Income	$12,007	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$927,802	79.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$19,738,443
Total Liabilities	$36,157
Net Assets	$19,702,286

Compensation

Key Employees and Officers	Compensation	Other
Laurence Favrot (President/Trustee)	$0	$0
Romelia Favrot (Treasurer/Trustee)	$0	$0
Leo M Favrot (Trustee)	$0	$0
Jeanette F Peterson (Trustee)	$0	$0
Celestine Favrot Arndt (Trustee)	$0	$0
Lenior M Josey (Trustee)	$0	$0

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990-PF

Filed on May 14, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$489,849

Expenses

$1,162,314

Net Income

-$672,465

Net Assets

$18,720,073

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$368,350	75.2%
Sales of Assets	$77,606	15.8%
Other Income	$43,893	9.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$949,625	81.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,720,074
Total Liabilities	$1
Net Assets	$18,720,073

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$402,889

Expenses

$1,084,122

Net Income

-$681,233

Net Assets

$19,392,539

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$371,284	92.2%
Sales of Assets	$31,605	7.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$898,663	82.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$19,392,539
Total Liabilities	$0
Net Assets	$19,392,539

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Favrot Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.84M (2024)

Expenses $3.3M (2024)

Total Assets $12.1M (2024)

Total Liabilities $20.6k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$1.84M (2024)

Expenses

$3.3M (2024)

Total Assets

$12.1M (2024)

Total Liabilities

$20.6k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

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Fiscal Year Ending Dec.
2001