Form 990 for tax year 2024
Filed by TEXAS SOUTHMOST COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $1,783,837
- Total expenses
- $1,826,090
- Contributions and grants received
- $613,526
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $334,785
- Other revenue
- $835,526
- Total assets, end of year
- $14,772,352
- Total liabilities, end of year
- $2,054,983
- Net assets or fund balances, end of year
- $12,717,369
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
1a · Federated campaigns
$334,576
-
1f · All other contributions, gifts and grants
$278,950
-
3 · Investment income
total $334,785
-
11a · Other revenue: Unrealized Gain on Investment
total $835,526
-
11e · Other revenue, total
$835,526
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
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 $0
-
11d · Fees: lobbying
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 $0
-
24a · Other expenses: Financial Services
total $52,314
-
24b · Other expenses: Scholarships
total $1,639,132
-
24c · Other expenses: Promotional Activities
total $134,644
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,948,501 · end of year $1,319,205
-
3 · Pledges and grants receivable
beginning of year $500 · end of year $16,000
-
4 · Accounts receivable
beginning of year $11,557 · end of year $10,224
-
11 · Investments: publicly traded securities
beginning of year $12,084,321 · end of year $13,426,923
-
17 · Accounts payable and accrued expenses
beginning of year $1,285,257 · end of year $2,049,983
-
19 · Deferred revenue
end of year $5,000
-
27 · Net assets without donor restrictions
beginning of year $12,759,622 · end of year $12,717,369
Mission and programs · 2024
Mission
To assist Texas Southmost College in providing higher education to increase numbers of area residents by funding scholarships for elgible students.
-
The TSC Foundation supports the college and its students in attainment of their educational goals by providing support for student scholarships, academic instruction, and instructional support.
As filed on the 2024 return.
Listed in Part VII
-
Norma Hinojosa
Chair
- Total calculated
- $0
-
Delia Saenz
Vice Chair
- Total calculated
- $0
-
Dr Gustavo Stern
Treasurer
- Total calculated
- $0
-
Adela G Garza
Secretary
- Total calculated
- $0
-
Dr Jesus Roberto Rodriguez
CEO / TSC President
- Total calculated
- $0
-
Edgar E Garcia
Director
- Total calculated
- $0
-
Edward Bustos
Director
- Total calculated
- $0
-
Joey Camacho
Director
- Total calculated
- $0
-
Dr Nereida Cantu
Director
- Total calculated
- $0
-
Maru De La Paz
Director
- Total calculated
- $0
-
Dr Norma Lopez-Harris
Director
- Total calculated
- $0
-
Roel Rodriguez
Director
- Total calculated
- $0
-
Jose Leonel Cantu
Director
- Total calculated
- $0
-
Jose Salazar
Director
- Total calculated
- $0
-
Pablo Zepeda
Director
- Total calculated
- $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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 16 July 2026
- IRS schema version
- 2024v5.2
- Source object
- 202631979349300318
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