Form 990 for tax year 2023
Filed by KILGORE COLLEGE FOUNDATION KILGORE TEXAS.
Totals
- Total revenue
- $6,601,985
- Total expenses
- $2,599,591
- Contributions and grants received
- $2,778,615
- Grants paid
- $2,579,180
- Program service revenue
- $0
- Investment income
- $3,823,370
- Other revenue
- $0
- Total assets, end of year
- $28,563,046
- Total liabilities, end of year
- $47,554
- Net assets or fund balances, end of year
- $28,515,492
- Program services expenses (Part IX)
- $2,579,180
- Management and general expenses
- $19,298
- Fundraising expenses
- $1,113
- Program service expenses (Part III)
- $2,579,180
Program services were 99.2% 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.
-
1c · Fundraising events
$46,939
-
1f · All other contributions, gifts and grants
$2,731,676
-
3 · Investment income
total $3,823,370 · related or exempt $3,823,370
-
8a · Fundraising events: contributions included on line 1c
$46,939
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,579,180 · program services $2,579,180
-
11c · Fees: accounting
total $17,150 · management and general $17,150
-
11g · Fees: other
total $3,261 · management and general $2,148 · fundraising $1,113
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $992,519 · end of year $1,601,063
-
12 · Investments: other securities
beginning of year $23,522,763 · end of year $26,961,983
-
17 · Accounts payable and accrued expenses
beginning of year $2,184 · end of year $47,554
-
27 · Net assets without donor restrictions
beginning of year $127,869 · end of year $181,700
-
28 · Net assets with donor restrictions
beginning of year $24,385,229 · end of year $28,333,792
Mission and programs · 2023
Mission
ACCEPTS DONATIONS FOR THE BENEFIT OF KILGORE JUNIOR COLLEGE DISTRICT, AS PROVIDED UNDER SECTION 170(b).
-
PROVIDE SCHOLEARSHIPS TO STUDENTS OF KILGORE COLLEGE, AND TO PROVIDE GRANTS TO THE COLLEGE IN ORDER TO SUPPORT THE MISSION OF THE COLLEGE.
Expenses $2,579,180
As filed on the 2023 return.
Listed in Part VII
-
John NustadJOHN NUSTAD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Melinda RandallMELINDA RANDALL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Ken RaneyKEN RANEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Reece NicholsREECE NICHOLS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Tony McCulloughTONY MCCULLOUGH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Annette MorganANNETTE MORGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
James MurphyJAMES MURPHY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Mason WelchMASON WELCH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Jan WylieJAN WYLIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Melanie MathewsMELANIE MATHEWS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Cyndi WalkerCYNDI WALKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Molly RileyMOLLY RILEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Joseph StephensJOSEPH STEPHENS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Janie TerrellJANIE TERRELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Melissa MarcottMELISSA MARCOTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rickey ClarkRICKEY CLARK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Coleen ClowerCOLEEN CLOWER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Tim BryanTIM BRYAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Sally Morton BeaneSALLY MORTON BEANE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rachel Earles BrianRACHEL EARLES BRIAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Al HoraneyAL HORANEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Eileen KosnikEILEEN KOSNIK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Denny EbyDENNY EBY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Jay DeanJAY DEAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Brandon DoddBRANDON DODD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Woodie TippsWOODIE TIPPS
VICE PRESIDENT & CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
Michael ClementsMICHAEL CLEMENTS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Claudia Morgan-GrayCLAUDIA MORGAN-GRAY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
John L UsseryJOHN L USSERY
TREASURER
- 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
-
KILGORE COLLEGE
$2,579,180
INSTITUTIONAL SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
KILGORE JUNIOR COLLEGE DISTRICT
PUBLIC HIGHER EDUCATION · TX
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500169349300420
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