Prairie View A&m Foundation
- Assets
- $2.7m
- Revenue
- $2.6m
- Investments
- $755.4k
- Employees
- 3
- Location
- Houston, TX
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 38-3798900
Organization Overview
Prairie View A&m Foundation is located in Houston, TX. The organization was established in 2009. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2022, Prairie View A&m Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairie View A&m 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 12/2022, Prairie View A&m Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $3.0m during the year ending 12/2022. While expenses have increased by 12.5% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OTO MAXIMIZE THE EFFECTIVENESS OF CONTRIBUTIONS TO SUPPORT FUTUREEXCELLENCE IN EDUCATION, RESEARCH, SERVICE AND ATHLETICS AT PRAIRIEVIEW A&M UNIVERSITY. THE FOUNDATION PUBLISHES A BI-ANNUAL NEWSLETTERTHAT HIGHLIGHTS DONORS AND THEIR GIFTS AND EVENTS ON THE CAMPUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ESTABLISHED STRONGER RELATIONSHIPS WITH THE TARGETEDDONORS. THE FOUNDATION DISTRIBUTED $2,493,105 IN SUPPORT OF UNIVERSITYPROGRAMS AND NEEDS. IN 2017, THE FOUNDATION EXPERIENCED INCREASED BRANDAWARENESS BY POTENTIAL DONORS. THE FOUNDATION IS BECOMING A TRUSTEDAGENT AND ADVISER IN THE PHILANTHROPIC COMMUNITY SUPPORTING PRAIRIEVIEW A&M FOUNDATION. THE FOUNDATION WILL CONTINUE TO FOCUS ON EXPANDINGBRAND AWARENESS, FUND RAISING, INCREASING THE NUMBER OF DONORS, ANDAVERAGE GIFT SIZE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donetta Goodall Vice Chairman Strategy | OfficerTrustee | 10 | $0 |
Carl Jackson Member | Trustee | 1 | $0 |
John Osby Vice Chairman-Op | OfficerTrustee | 20 | $0 |
Ricky Anderson Member | Trustee | 1 | $0 |
Carl Johnson Member | Trustee | 1 | $0 |
Samuel Coleman Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $74,440 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,183,755 |
| Noncash contributions included in lines 1a–1f | $14,534 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,258,195 |
| Total Program Service Revenue | $279,421 |
| Investment income | $20,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,223 |
| Net Income from Fundraising Events | -$33,417 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,550,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,493,105 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,390 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,961 |
| Payroll taxes | $19,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $73,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,645 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,149 |
| Office expenses | $11,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,940 |
| Travel | $6,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,631 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,957 |
| Insurance | $1,199 |
| All other expenses | $0 |
| Total functional expenses | $2,951,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,251,140 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $696,870 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,770 |
| Net Land, buildings, and equipment | $7,339 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $755,445 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,721,564 |
| Accounts payable and accrued expenses | $89,684 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $802,104 |
| Total liabilities | $891,788 |
| Net assets without donor restrictions | $502,460 |
| Net assets with donor restrictions | $1,327,316 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,721,564 |