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← BURLESON HIGHER EDUCATION OPPORTUNITY FUND

Form 990 for tax year 2023

Filed by BURLESON HIGHER EDUCATION OPPORTUNITY FUND.

Totals

Total revenue
$390,873
Total expenses
$363,715
Contributions and grants received
$388,127
Grants paid
$331,642
Program service revenue
$0
Investment income
$2,746
Other revenue
$0
Total assets, end of year
$272,945
Total liabilities, end of year
$205,904
Net assets or fund balances, end of year
$67,041
Program services expenses (Part IX)
$350,609
Management and general expenses
$4,452
Fundraising expenses
$8,654
Program service expenses (Part III)
$350,609

Program services were 96.4% 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

    $10,634

  • 1e · Government grants (contributions)

    $377,493

  • 3 · Investment income

    total $2,746 · unrelated business $2,746

  • 8a · Fundraising events: contributions included on line 1c

    $10,634

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $331,642 · program services $331,642

  • 11c · Fees: accounting

    total $623 · management and general $623

  • 11g · Fees: other

    total $130 · management and general $130

  • 12 · Advertising and promotion

    total $8,968 · program services $8,968

  • 13 · Office expenses

    total $1,055 · management and general $1,055

  • 16 · Occupancy

    total $2,574 · program services $2,574

  • 19 · Conferences, conventions and meetings

    total $16,079 · program services $7,425 · fundraising $8,654

  • 24a · Other expenses: MEETING EXPENSE

    total $1,367 · management and general $1,367

  • 24b · Other expenses: BANK CHARGES

    total $1,277 · management and general $1,277

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,772 · end of year $11,426

  • 2 · Savings and temporary cash investments

    beginning of year $25,111 · end of year $261,519

  • 25 · Other liabilities

    end of year $205,904

  • 27 · Net assets without donor restrictions

    beginning of year $39,883 · end of year $67,041

Mission and programs · 2023

Mission

CHANGE THE EXPECTATION OF STUDENTS TEACHERS AND PARENTS TO INCLUDE THE IDEA THAT ALL H.S. GRADUATES FROM BURLESON HAVE THE OPPORTUNITY TO ATTAIN HIGHER EDUCATION & CULTIVATE THE ECONOMIC DEVELOPMENT BENEFITS OF EXPANDING THE ATTAINMENT OF COLLEGE DEGREES AND CAREERS.

  • PROVIDE SCHOLARSHIPS TO BURLESON AREA HIGH SCHOOL SENIORS ENGAGE THE COMMUNITY IN SUPPORTING AND RECOGNIZING HIGH SCHOOL SENIORS WHO APPLIED FOR AND RECEIVED BOF SCHOLARSHIPS PROMOTE COMMUNITY PRIDE AND INVOLVEMENT IN MENTORING AND ADVANCING EDUCATION.

    Expenses $350,609 · Grants $331,642

As filed on the 2023 return.

Listed in Part VII

  • Craig Couch

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Jennifer Huffman

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Beverly Powell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kayla Hoffman

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202401369349311885

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