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← THE TSTC FOUNDATION

Form 990 for tax year 2024

Filed by THE TSTC FOUNDATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 21 January 2026. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$8,120,723 changed to $7,010,716
Contributions and grants received
$7,587,224 changed to $6,287,224
Other revenue
-$332,656 changed to -$142,663
Total assets, end of year
$48,893,414 changed to $49,083,407
Net assets or fund balances, end of year
$22,170,006 changed to $22,359,999
Program services expenses
$5,439,426 changed to $5,603,225
Management and general expenses
$978,363 changed to $814,564
Program service expenses (Part III)
$5,439,426 changed to $5,603,225

Totals

Total revenue
$8,120,723
Total expenses
$6,417,789
Contributions and grants received
$7,587,224
Grants paid
$5,408,340
Program service revenue
$0
Investment income
$866,155
Other revenue
-$332,656
Total assets, end of year
$48,893,414
Total liabilities, end of year
$26,723,408
Net assets or fund balances, end of year
$22,170,006
Program services expenses (Part IX)
$5,439,426
Management and general expenses
$978,363
Fundraising expenses
$0
Program service expenses (Part III)
$5,439,426

Program services were 84.8% 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

    $7,587,224

  • 3 · Investment income

    total $761,532 · excluded $761,532

  • 6a · Gross rents

    real property $643,111

  • 6b · Less rental expenses

    real property $1,032,372

  • 6c · Rental income or loss

    real property -$389,261

  • 6d · Net rental income or loss

    total -$389,261 · related or exempt -$389,261

  • 7a · Gross sales of assets other than inventory

    securities $6,466,879

  • 7b · Less cost or other basis and sales expenses

    securities $6,362,256

  • 7c · Gain or loss

    securities $104,623

  • 7d · Net gain or loss

    total $104,623 · excluded $104,623

  • 11a · Other revenue: AFFINITY INCOME

    total $54,000 · related or exempt $54,000

  • 11b · Other revenue: OTHER INCOME

    total $2,605 · related or exempt $2,605

  • 11e · Other revenue, total

    $56,605

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,042,741 · program services $2,042,741

  • 2 · Grants to domestic individuals

    total $3,365,599 · program services $3,365,599

  • 11c · Fees: accounting

    total $23,379 · management and general $23,379

  • 11g · Fees: other

    total $231,822 · management and general $231,822

  • 17 · Travel

    total $20,550 · management and general $20,550

  • 24a · Other expenses: OTHER DISCRETIONARY

    total $336,840 · program services $30,859 · management and general $305,981

  • 24b · Other expenses: FOOD PURCHASES

    total $164,253 · program services $227 · management and general $164,026

  • 24c · Other expenses: DONATIONS

    total $102,500 · management and general $102,500

  • 24d · Other expenses: BANK FEES

    total $62,690 · management and general $62,690

  • 24e · All other expenses

    total $67,415 · management and general $67,415

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1

  • 2 · Savings and temporary cash investments

    beginning of year $5,725,208 · end of year $6,764,006

  • 3 · Pledges and grants receivable

    beginning of year $4,504,837 · end of year $2,260,456

  • 7 · Other notes and loans receivable

    beginning of year $21,490,730 · end of year $25,029,248

  • 10a · Land, buildings and equipment: cost or other basis

    $1,172,293

  • 10b · Land, buildings and equipment: accumulated depreciation

    $135,751

  • 10c · Land, buildings and equipment, net

    beginning of year $1,081,793 · end of year $1,036,542

  • 11 · Investments: publicly traded securities

    beginning of year $14,026,389 · end of year $13,803,161

  • 15 · Other assets

    beginning of year $25,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,161,946 · end of year $554,055

  • 23 · Secured mortgages and notes payable

    beginning of year $25,450,537 · end of year $26,169,353

  • 27 · Net assets without donor restrictions

    beginning of year $6,916,895 · end of year $8,625,901

  • 28 · Net assets with donor restrictions

    beginning of year $13,324,579 · end of year $13,544,105

Mission and programs · 2024

Mission

TO COMPLEMENT THE STATE OF TEXAS' SUPPORT OF THE COLLEGES BY PROVIDING FINANCIAL SUPPORT FOR NEW AND ONGOING PROJECTS AND ACTIVITIES IN THE AREAS OF RESEARCH, EDUCATION AND COMMUNITY SERVICE.

  • CONDUCTED SUCCESSFUL FUND RAISING THROUGH DIRECT MAIL, SOLICITED DONORS, AND PERSONAL VISITS. MADE AWARDS TO DESERVING STUDENTS AND FACULTY. ASSISTED IN STUDENT RECRUITMENT AND TEXTBOOK PURCHASES FOR REMEDIAL CLASSES.

    Expenses $5,439,426 · Grants $5,408,340

As filed on the 2024 return.

Listed in Part VII

  • Cledia Hernandez

    EXECUTIVE DIRECTOR

    Total calculated
    $314,024
    From this org
    $0
    From related orgs
    $256,841
    Other
    $57,183
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $256,841 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $41,426 related
    Nontaxable benefits
    $0 + $15,757 related
    Filer's total
    $0 + $314,024 related

  • Larry Gonzales

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Newton

    1ST VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dr Harold Rafuse

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Julie Johncox

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mark Robinson

    ASST TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Cary Mac Abney

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Amanda Milam

    CHANCELLOR'S APPOINTMENT

    Total calculated
    $0
    Hours/week
    1

  • Ron Rohrbacher

    BOARD OF REGENT'S LIAISON

    Total calculated
    $0
    Hours/week
    1

  • Derek Benavides

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerold Nichols

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roland Adamson

    DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • TEXAS STATE TECHNICAL COLLEGE

    $1,509,010

    EQUIPMENT FOR COLLEGE TO TRAIN AND EDUCATE STUDENTSO TRAIN AND EDUCATE STUDENTS

  • TEXAS STATE TECHNICAL COLLEGE

    $533,731

    REIMB FOR PBE & VETERANS SALARIES

Provenance

Return type
form_990
Tax year
2024
Filed
8 December 2025
IRS schema version
2024v5.2
Source object
202523449349300842

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