Form 990 for tax year 2023
Filed by TEXAS SOUTHMOST COLLEGE FOUNDATION INC.
What the amendment changed
Compared with the return it replaced , filed 22 February 2025. matched by us Only the Part I totals and the names listed in Part VII 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 expenses
- $268,765 changed to $618,765
- Total liabilities, end of year
- $935,257 changed to $1,285,257
- Net assets or fund balances, end of year
- $13,109,622 changed to $12,759,622
- Program services expenses
- $14,500 changed to $364,500
- Program service expenses (Part III)
- $14,500 changed to $364,500
Totals
- Total revenue
- $2,178,620
- Total expenses
- $618,765
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $794,614
- Other revenue
- $1,384,006
- Total assets, end of year
- $14,044,879
- Total liabilities, end of year
- $1,285,257
- Net assets or fund balances, end of year
- $12,759,622
- Program services expenses (Part IX)
- $364,500
- Management and general expenses
- $54,120
- Fundraising expenses
- $200,145
- Program service expenses (Part III)
- $364,500
Program services were 58.9% 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.
-
3 · Investment income
total $328,484
-
7a · Gross sales of assets other than inventory
securities $1,277,378
-
7b · Less cost or other basis and sales expenses
securities $811,248
-
7c · Gain or loss
securities $466,130
-
7d · Net gain or loss
total $466,130
-
11a · Other revenue: Other Income
total $306,115
-
11b · Other revenue: Unrealized Gain on Investment
total $1,077,891
-
11e · Other revenue, total
$1,384,006
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 $4,800 · management and general $4,800
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $43,013 · management and general $43,013
-
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 $6,307 · management and general $6,307
-
24b · Other expenses: Scholarships
total $364,500 · program services $364,500
-
24c · Other expenses: Promotional Activities
total $200,145 · fundraising $200,145
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,607,521 · end of year $1,948,501
-
3 · Pledges and grants receivable
beginning of year $500 · end of year $500
-
4 · Accounts receivable
beginning of year $6,973 · end of year $11,557
-
11 · Investments: publicly traded securities
beginning of year $10,486,036 · end of year $12,084,321
-
17 · Accounts payable and accrued expenses
beginning of year $901,263 · end of year $1,285,257
-
27 · Net assets without donor restrictions
beginning of year $11,199,767 · end of year $12,759,622
Mission and programs · 2023
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.
Expenses $364,500
As filed on the 2023 return.
Listed in Part VII
-
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
-
Edgar F Garcia
Director
- Total calculated
- $0
-
Dr Norma Lopez-Harris
Director
- Total calculated
- $0
-
Roel Rodriguez
Director
- Total calculated
- $0
-
Delia Saenz
Director
- Total calculated
- $0
-
Nikhil Shah
Director
- Total calculated
- $0
-
Roy De Los Santos
Chair
- Total calculated
- $0
-
Dr Gustavo Stern
Treasurer
- Total calculated
- $0
-
Adela G Garza
Vice Chair
- Total calculated
- $0
-
Dr Jesus Roberto Rodriguez
TSC President
- Total calculated
- $0
-
Norma Hinojosa
Secretary
- 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
- 2023
- Filed
- 27 May 2026
- IRS schema version
- 2023v6.0
- Source object
- 202621479349300627
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