Totals
- Total revenue
- $1,077,669
- Total expenses
- $533,546
- Contributions and grants received
- $472,738
- Grants paid
- $344,187
- Program service revenue
- $0
- Investment income
- $604,931
- Other revenue
- $0
- Total assets, end of year
- $24,122,530
- Total liabilities, end of year
- $1,130
- Net assets or fund balances, end of year
- $24,121,400
- Program services expenses (Part IX)
- $360,582
- Management and general expenses
- $165,995
- Fundraising expenses
- $6,969
- Program service expenses (Part III)
- $360,582
Program services were 67.6% 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
$472,738
-
1g · Noncash contributions included above
$21,980
-
3 · Investment income
total $788,898 · excluded $788,898
-
7a · Gross sales of assets other than inventory
securities $13,753,574
-
7b · Less cost or other basis and sales expenses
securities $13,937,541
-
7c · Gain or loss
securities -$183,967
-
7d · Net gain or loss
total -$183,967 · excluded -$183,967
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $344,187 · program services $344,187
-
11c · Fees: accounting
total $45,200 · management and general $45,200
-
11f · Fees: investment management
total $117,679 · management and general $117,679
-
13 · Office expenses
total $24,937 · program services $16,093 · management and general $1,875 · fundraising $6,969
-
23 · Insurance
total $1,241 · management and general $1,241
-
24a · Other expenses: College support
total $302 · program services $302
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,635,763 · end of year $10,757
-
3 · Pledges and grants receivable
beginning of year $2,759,456 · end of year $273,205
-
11 · Investments: publicly traded securities
beginning of year $17,456,334 · end of year $23,838,568
-
17 · Accounts payable and accrued expenses
beginning of year $53,593 · end of year $1,130
-
19 · Deferred revenue
beginning of year $21,200
-
27 · Net assets without donor restrictions
beginning of year $161,088 · end of year $153,736
-
28 · Net assets with donor restrictions
beginning of year $22,615,672 · end of year $23,967,664
Mission and programs · 2022
Mission
To support and enhance the ability of Galveston College to achieve its mission of advancing people's lives through lifelong learning.
Activities or mission (Part I)
To support Galveston College's mission of advancing people's lives through lifelong learning.
-
The Foundation generates philanthropic support for the Galveston Community College District (the College) with a primary emphasis on Universal Access. The Universal Access program provides scholarships to Galveston, Texas, high school graduates regardless of their ability to pay, thereby encouraging universal access to higher education. In addition to Universal Access, the Foundation solicits, invests, and manages funds to support the College's educational activities.
Expenses $360,582 · Grants $344,187
As filed on the 2022 return.
Listed in Part VII
-
Keith McFatridge
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Schwenk
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
S Benjamin Shabot
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Carol A Hodges
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Melanie Buck
Member
- Total calculated
- $0
- Hours/week
- 1
-
James Clark
Member
- Total calculated
- $0
- Hours/week
- 1
-
Michael Cordray
Member
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Lawhorn Cryder
Member
- Total calculated
- $0
- Hours/week
- 1
-
Jason Hardcastle
Member
- Total calculated
- $0
- Hours/week
- 1
-
Hetta Kempner
Member
- Total calculated
- $0
- Hours/week
- 1
-
Donna Lang
Member
- Total calculated
- $0
- Hours/week
- 1
-
Betty Massey
Member
- Total calculated
- $0
- Hours/week
- 1
-
Kyle McFatridge
Member
- Total calculated
- $0
- Hours/week
- 1
-
Walter J Meyer III
Member
- Total calculated
- $0
- Hours/week
- 1
-
Cynda Mullikin
Member
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Piel
Member
- Total calculated
- $0
- Hours/week
- 1
-
John D Prochaska
Member
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia Smith
Member
- Total calculated
- $0
- Hours/week
- 1
-
Angela Wilson
Member
- Total calculated
- $0
- Hours/week
- 1
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
-
Galveston College
$0
Scholarships
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430969349300913
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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