The Tstc Foundation

Organization Overview

The Tstc Foundation is located in Waco, TX. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tstc Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2021, Tstc Foundation generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $2.3m during the year ending 08/2021. While expenses have increased by 22.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Tstc Foundation has awarded 19 individual grants totaling $23,630,736. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Board, Officers & Key Employees

Name (title)Compensation
Beth Wooten
Executive Director
$76,739
Cary Abney
Treasurer
$0
Roland Adamson
1st Vice Chairman
$0
Jessica Toney
Chairman
$0
Jonathan Newton
Secretary
$0
Charlie Rigney
Asst Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,546,377
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,546,377
Total Program Service Revenue$0
Investment income $107,680
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$368,108
Net Gain/Loss on Asset Sales $834,598
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,358,639

Grants Awarded

Over the last fiscal year, The Tstc Foundation has awarded $859,224 in support to 5 organizations.

Grant RecipientAmount

TEXAS STATE TECHNICAL COLLEGE

PURPOSE: FORT BEND ITC EXPANSION

$674,982

TEXAS STATE TECHNICAL COLLEGE

PURPOSE: TO TRAIN AND EDUCATE STUDENTS

$161,329

NATIONAL WASP WWII MUSEUM

Org PageRecipient Profile

Sweetwater, TX

PURPOSE: ANNUAL DONATION

$12,913

SAN ANGELO CHAMBER OF COMMERCE

Org PageRecipient Profile

San Angelo, TX

PURPOSE: SPONSORSHIP

$5,000

ABILENE INDUSTRIAL FOUNDATION

Org PageRecipient Profile

Abilene, TX

PURPOSE: ANNUAL DONATION

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Tstc Foundation has recieved totaling $40,000.

Awarding OrganizationAmount
Bert F Winston Sr Foundation

Richmond, TX

PURPOSE: STUDENT SCHOLARSHIPS & BUILDING FUND

$40,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,766,786
Net Contributions$3,373,977
Other Expense$1,583,009
Grants$1,228,705
Ending Balance$9,329,049

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