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← PANOLA COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by PANOLA COLLEGE FOUNDATION.

Totals

Total revenue
$859,267
Total expenses
$168,463
Contributions and grants received
$584,901
Grants paid
$157,676
Program service revenue
$0
Investment income
$196,522
Other revenue
$77,844
Total assets, end of year
$6,053,984
Total liabilities, end of year
$51,878
Net assets or fund balances, end of year
$6,002,106
Program services expenses (Part IX)
$157,676
Management and general expenses
$10,787
Fundraising expenses
$0
Program service expenses (Part III)
$157,676

Program services were 93.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $584,901

  • 3 · Investment income

    total $183,515 · related or exempt $183,515

  • 7a · Gross sales of assets other than inventory

    securities $103,928

  • 7b · Less cost or other basis and sales expenses

    securities $90,921

  • 7c · Gain or loss

    securities $13,007

  • 7d · Net gain or loss

    total $13,007 · related or exempt $13,007

  • 8a · Fundraising events: gross income

    $96,049

  • 8b · Fundraising events: direct expenses

    $18,210

  • 8c · Net income from fundraising events

    total $77,839 · excluded $77,839

  • 11a · Other revenue: MISCELLANEOUS

    total $5 · related or exempt $5

  • 11e · Other revenue, total

    $5

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $67,321 · program services $67,321

  • 2 · Grants to domestic individuals

    total $90,355 · program services $90,355

  • 11c · Fees: accounting

    total $2,275 · management and general $2,275

  • 13 · Office expenses

    total $230 · management and general $230

  • 23 · Insurance

    total $1,246 · management and general $1,246

  • 24a · Other expenses: INVESTMENT FEES

    total $5,803 · management and general $5,803

  • 24b · Other expenses: CREDIT CARD FEES

    total $1,233 · management and general $1,233

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $369,942 · end of year $273,321

  • 11 · Investments: publicly traded securities

    beginning of year $4,586,922 · end of year $5,780,663

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,952 · end of year $51,878

  • 27 · Net assets without donor restrictions

    beginning of year $1,972,775 · end of year $2,574,907

  • 28 · Net assets with donor restrictions

    beginning of year $2,943,137 · end of year $3,427,199

Mission and programs · 2024

Mission

THE FOUNDATION'S PURPOSE IS TO STRENGTHEN THE EDUCATIONAL RESOURCES OF PANOLA COLLEGE BY ENCOURAGING A PROGRAM OF BENEFACTIONS TO THE COLLEGE.

Activities or mission (Part I)

TO FOUNDATION'S PURPOSE IS TO STRENGTHEN THE EDUCATIONAL RESOURCES OF PANOLA COLLEGE BY ENCOURAGING A PROGRAM OF BENEFACTIONS TO THE COLLEGE.

  • DONATIONS TO SUPPORT INSTRUCTIONAL PROGRAMS AT PANOLA COLLEGE.

    Expenses $67,321 · Grants $67,321

  • SCHOLARSHIPS AWARDED FROM THE FOUNDATION TO PANOLA COLLEGE STUDENTS. THERE WERE NO STUDENTS THAT RECEIVED IN EXCESS OF $5,000.

    Expenses $90,355 · Grants $90,355

As filed on the 2024 return.

Listed in Part VII

  • MRS ALEASE COPELIN

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • MRS CAROLYN MURPHY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0

  • MRS TONI BIGGS

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • MR MARK LEACH

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MRS PATRICIA SMITH

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MS PEGGY POPE

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MRS CHASTITI HORNE

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MR CAMERON PHILLIPS

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MR PATRICK BROWNING

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MR JOEL POLLESCHULTZ

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MS FATHA BURCHETTE

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MR PHILLIP GRIMES

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MR JOHN WORLEY

    MEMBER

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • PANOLA COLLEGE

    $50,421

    TO STRENGTHEN THE EDUCATIONAL RESOURCES OF PANOLA COLLEGE BY ENCOURAGING BENEFACTIONS TO THE COLLEGE.

Provenance

Return type
form_990
Tax year
2024
Filed
9 July 2026
IRS schema version
2024v5.5
Source object
202631909349301418

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