Form 990 for tax year 2023
Filed by TEXARKANA COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $1,149,993
- Total expenses
- $485,470
- Contributions and grants received
- $834,099
- Grants paid
- $408,004
- Program service revenue
- $0
- Investment income
- $315,894
- Other revenue
- $0
- Total assets, end of year
- $17,537,559
- Total liabilities, end of year
- $134,966
- Net assets or fund balances, end of year
- $17,402,593
- Program services expenses (Part IX)
- $408,004
- Management and general expenses
- $32,357
- Fundraising expenses
- $45,109
- Program service expenses (Part III)
- $408,004
Program services were 84.0% 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
$834,099
-
3 · Investment income
total $315,894 · related or exempt $315,894
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $408,004 · program services $408,004
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $8,650 · management and general $8,650
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $1,678 · management and general $1,678
-
24a · Other expenses: MISCELLANEOUS
total $38,533 · fundraising $38,533
-
24b · Other expenses: DUES
total $18,239 · management and general $18,239
-
24c · Other expenses: SUPPLIES
total $4,540 · fundraising $4,540
-
24d · Other expenses: Other Professional Services
total $2,083 · management and general $2,083
-
24e · All other expenses
total $3,743 · management and general $1,707 · fundraising $2,036
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $825,547 · end of year $1,375,407
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $13,638,983 · end of year $16,132,830
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $29,628 · end of year $29,322
-
17 · Accounts payable and accrued expenses
end of year $48
-
25 · Other liabilities
end of year $134,918
-
27 · Net assets without donor restrictions
beginning of year $4,657,346 · end of year $5,621,825
-
28 · Net assets with donor restrictions
beginning of year $9,836,812 · end of year $11,780,768
Mission and programs · 2023
Mission
To enhance the overall reputation of Texarkana College, to provide external resources to fund College priorities, and to create opportunities for the College to build partnerships with alumni, friends, donors, corporations, and foundations.
-
To promote education and other related activities pertaining to Texarkana College.
Expenses $408,004
As filed on the 2023 return.
Listed in Part VII
-
DR ANDREW CURRY
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
TRUMAN ARNOLD
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
BORDEN BELL
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
BEN FLOYD
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
MIKE CRAVEN
President
- Total calculated
- $0
- Hours/week
- 0
-
VICKERS FUQUA
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
BOB HUBBARD
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
DR FREDERICK EUGENE JOYCE
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
FRED MARKHAM
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
BUDDY MCCULLOCH
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
DON MORRISS
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
JESSICA PALMER
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
DEAN BARRY
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
TREY PATTERSON
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
CARY PATTERSON
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
ALAN SCHIMMING
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
CHENEY PRUETT
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
JAMES HENRY RUSSELL
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
MIKE SANDEFUR
Trustee
- 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
-
$407,004
FUNDING FOR SCHOLARSHIPS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540319349301629
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