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← PANOLA COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by PANOLA COLLEGE FOUNDATION.

Totals

Total revenue
$590,142
Total expenses
$178,364
Contributions and grants received
$158,689
Grants paid
$171,473
Program service revenue
$0
Investment income
$366,079
Other revenue
$65,374
Total assets, end of year
$4,956,864
Total liabilities, end of year
$40,952
Net assets or fund balances, end of year
$4,915,912
Program services expenses (Part IX)
$171,473
Management and general expenses
$6,891
Fundraising expenses
$0
Program service expenses (Part III)
$171,473

Program services were 96.1% 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

    $158,689

  • 3 · Investment income

    total $151,059 · related or exempt $151,059

  • 7a · Gross sales of assets other than inventory

    securities $449,209

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

    securities $234,189

  • 7c · Gain or loss

    securities $215,020

  • 7d · Net gain or loss

    total $215,020 · related or exempt $215,020

  • 8a · Fundraising events: gross income

    $85,835

  • 8b · Fundraising events: direct expenses

    $22,066

  • 8c · Net income from fundraising events

    total $63,769 · excluded $63,769

  • 11a · Other revenue: MISCELLANEOUS

    total $1,605 · related or exempt $1,605

  • 11e · Other revenue, total

    $1,605

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $82,171 · program services $82,171

  • 2 · Grants to domestic individuals

    total $89,302 · program services $89,302

  • 11c · Fees: accounting

    total $2,150 · management and general $2,150

  • 13 · Office expenses

    total $92 · management and general $92

  • 23 · Insurance

    total $1,050 · management and general $1,050

  • 24a · Other expenses: CREDIT CARD FEES

    total $2,224 · management and general $2,224

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $1,375 · management and general $1,375

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $320,021 · end of year $369,942

  • 11 · Investments: publicly traded securities

    beginning of year $3,911,387 · end of year $4,586,922

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,228 · end of year $40,952

  • 27 · Net assets without donor restrictions

    beginning of year $1,819,833 · end of year $1,972,775

  • 28 · Net assets with donor restrictions

    beginning of year $2,357,347 · end of year $2,943,137

Mission and programs · 2023

Mission

THE FOUNDATION'S PURPOSE IS TO STRENGTHEN THE EDUCATIONAL RESOURCES OF PANOLA COLLEGE BY ENCOURAGING A PROGRAM OF BENEFACTIONS TO THE COLLEGE.

Activities or mission (Part I)

TO FOUNDATION'S PURPOSE IS TO STRENGTHEN THE EDUCATIONAL RESOURCES OF PANOLA COLLEGE BY ENCOURAGING A PROGRAM OF BENEFACTIONS TO THE COLLEGE.

  • DONATIONS TO SUPPORT INSTRUCTIONAL PROGRAMS AT PANOLA COLLEGE.

    Expenses $82,171 · Grants $82,171

  • SCHOLARSHIPS AWARDED FROM THE FOUNDATION TO PANOLA COLLEGE STUDENTS. THERE WERE NO STUDENTS THAT RECEIVED IN EXCESS OF $5,000.

    Expenses $89,302 · Grants $89,302

As filed on the 2023 return.

Listed in Part VII

  • MRS TONI BIGGS

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • MR ROBERT SHERMAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0

  • MR STEVE WILLIAMS

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • MRS PATRICIA SMITH

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MS PEGGY POPE

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MR MARK LEACH

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MR BOBBY PHILLIPS

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MRS ALEASE COPELIN

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MR ROBBIE SHOULTS

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MRS TRACY SHOULTS

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MRS SANDRA PAYNE

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MS CAROLYN MURPHY

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MRS CHASTITI HORNE

    MEMBER

    Total calculated
    $0
    Hours/week
    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

  • PANOLA COLLEGE

    $66,553

    TO STRENGTHEN THE EDUCATIONAL RESOURCES OF PANOLA COLLEGE BY ENCOURAGING BENEFACTIONS TO THE COLLEGE.

Provenance

Return type
form_990
Tax year
2023
Filed
10 July 2025
IRS schema version
2023v6.0
Source object
202531919349301623

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