Form 990 for tax year 2022
Filed by VICTORIA COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $3,488,501
- Total expenses
- $1,373,858
- Contributions and grants received
- $2,885,749
- Grants paid
- $1,299,478
- Program service revenue
- $0
- Investment income
- $602,746
- Other revenue
- $6
- Total assets, end of year
- $22,565,838
- Total liabilities, end of year
- $68,399
- Net assets or fund balances, end of year
- $22,497,439
- Program services expenses (Part IX)
- $1,300,245
- Management and general expenses
- $60,153
- Fundraising expenses
- $13,460
- Program service expenses (Part III)
- $1,300,245
Program services were 94.6% 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
$2,885,749
-
3 · Investment income
total $671,179 · excluded $671,179
-
5 · Royalties
total $6 · excluded $6
-
7a · Gross sales of assets other than inventory
securities $6,316,733
-
7b · Less cost or other basis and sales expenses
securities $6,385,166
-
7c · Gain or loss
securities -$68,433
-
7d · Net gain or loss
total -$68,433 · excluded -$68,433
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,299,478 · program services $1,299,478
-
11c · Fees: accounting
total $9,000 · management and general $9,000
-
11f · Fees: investment management
total $49,382 · management and general $49,382
-
13 · Office expenses
total $767 · program services $767
-
23 · Insurance
total $10,506 · management and general $1,051 · fundraising $9,455
-
24a · Other expenses: SUBSCRIPTIONS
total $4,450 · management and general $445 · fundraising $4,005
-
24b · Other expenses: BAD DEBT
total $275 · management and general $275
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,525,204 · end of year $6,552,576
-
2 · Savings and temporary cash investments
beginning of year $499,500 · end of year $1,683,192
-
3 · Pledges and grants receivable
beginning of year $980,512 · end of year $723,598
-
4 · Accounts receivable
beginning of year $26,841 · end of year $12,299
-
11 · Investments: publicly traded securities
beginning of year $13,014,351 · end of year $13,575,633
-
15 · Other assets
end of year $18,540
-
17 · Accounts payable and accrued expenses
beginning of year $44
-
25 · Other liabilities
beginning of year $23,132 · end of year $68,399
-
27 · Net assets without donor restrictions
beginning of year $20,626 · end of year $84,412
-
28 · Net assets with donor restrictions
beginning of year $20,002,606 · end of year $22,413,027
Mission and programs · 2022
Mission
THE VICTORIA COLLEGE FOUNDATION IS A 501(C)(3) NON-PROFIT ORGANIZATION RESPONSIBLE FOR SECURING FINANCIAL RESOURCES AND APPROPRIATELY ALLOCATING THEM TO SUPPORT VICTORIA COLLEGE AND ITS STUDENTS, FACULTY AND ACADEMIC PROGRAMS.
-
VARIOUS VICTORIA COLLEGE DEPARTMENTS FOR STUDENT SUPPORT SERVICES, SALARIES AND EQUIPMENT RECEIVED 510,998. STUDENT SCHOLARSHIPS IN THE AMOUNT OF 788,480 WERE AWARDED.
Expenses $1,300,245 · Grants $1,299,478
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Bruce BauknightDR BRUCE BAUKNIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Brian BillingsleyBRIAN BILLINGSLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
William A BlackwellWILLIAM A BLACKWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Dr Ruth ConstantDR RUTH CONSTANT
DIRECTOR
- Total calculated
- $0
-
Brian FergusonBRIAN FERGUSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Ben GalvanBEN GALVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill GibbensBILL GIBBENS
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.25
-
Penni GietzPENNI GIETZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Judge Beatriz GonzalezJUDGE BEATRIZ GONZALEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Luis A GuerraLUIS A GUERRA
TRUSTEE REP.
- Total calculated
- $0
- Hours/week
- 0.25
-
Steve HipesSTEVE HIPES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Michael D HummelMICHAEL D HUMMEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kathleen HuntKATHLEEN HUNT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Clay KolleCLAY KOLLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Charla Borchers LeonCHARLA BORCHERS LEON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Jackie MikeshJACKIE MIKESH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
David MurphyDAVID MURPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Kyle NoackKYLE NOACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Luann O'ConnorLUANN O'CONNOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Darrell RangnowDARRELL RANGNOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Josie RiveraJOSIE RIVERA
TRUSTEE REP.
- Total calculated
- $0
- Hours/week
- 0.25
-
Mike RivetMIKE RIVET
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.25
-
Dr Peter P RojasDR PETER P ROJAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Robert RoyerROBERT ROYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Jake SrpJAKE SRP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Vee StraussVEE STRAUSS
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Blaine WarzechaBLAINE WARZECHA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Gary WorshamGARY WORSHAM
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
John ZacekJOHN ZACEK
TRUSTEE REP.
- Total calculated
- $0
- Hours/week
- 0.5
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
-
VICTORIA COLLEGE
$1,299,478
SEE ADDITIONAL INFO
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
VICTORIA COLLEGE
501C3 · EDUCATION · TX
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313419349301256
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