Randolph Foundation For Higher Education Inc
- Assets
- $46.7m
- Revenue
- $232.8k
- Investments
- $9.6m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 09/2014
- Data as of
- 07/2022
- EIN
- 46-4294206
Organization Overview
Randolph Foundation For Higher Education Inc is located in Lubbock, TX. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Randolph Foundation For Higher Education Inc 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 07/2022, Randolph Foundation For Higher Education Inc generated $232.8k in total revenue. All expenses for the organization totaled $29.1k during the year ending 07/2022. While expenses have increased by 38.8% 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 2017, Randolph Foundation For Higher Education Inc has awarded 17 individual grants totaling $2,159,874. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick D Randolph Director | 2 | $1,200 | |
Dawna L Randolph Director | 2 | $1,200 | |
Troy Randolph Director | 2 | $1,200 | |
Karen Leann Randolph Director | 2 | $1,200 | |
Doug E Randolph Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $16,087 |
| Dividends & Interest | $205,542 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,200 |
| Total Revenue | $232,829 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $823 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,491 |
| Total operating and administrative expenses | $24,064 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $29,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,633,474 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $481,158 |
| Investments—mortgage loans | $0 |
| Investments—other | $76,929 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $46,691,561 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $43,003,531 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $43,003,531 |
Grants Awarded
Over the last fiscal year, Randolph Foundation For Higher Education Inc has awarded $1,348,250 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELO STATE UNIVERSITY PURPOSE: HANDBALL FACILITIES IN HONOR OF TROY RANDOLPH, SR. | $1,000,000 |
Lubbock, TX PURPOSE: HANDBALL FACILITIES IN HONOR OF TROY RANDOLPH, SR. | $313,602 |
THE UNIVERSITY OF TEXAS SYSTEM PURPOSE: LUBBOCK ENDOWMENT EXCELLENCE FUND FOR HANDBALL IN HONOR OF PETE TYSON | $26,348 |
Lubbock, TX PURPOSE: FOR STUDENT SCHOLARSHIPS | $8,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Priority Systems Morgans Point Resort, TX | $7,897,888 | $10,026,336 |
Robotics Education And Competition Foundation Inc Greenville, TX | $3,564,646 | $10,348,184 |
Nova Charter School Dallas, TX | $10,485,443 | $9,145,221 |
Oklahoma State University Research Foundation Inc Stillwater, OK | $8,047,594 | $10,291,004 |
Academy Of Accelerated Learning Inc Houston, TX | $10,127,999 | $9,771,717 |
Joy Development School Houston, TX | $25,620,110 | $10,897,080 |
The Argyle San Antonio, TX | $5,513,932 | $8,298,187 |
40 Days For Life Bryan, TX | $11,994,693 | $10,374,379 |
School Of Excellence In Education San Antonio, TX | $13,458,498 | $7,205,477 |
Comp-U-Dopt Houston, TX | $5,810,646 | $9,069,323 |
Christian Schools Inc River Ridge, LA | $11,376,720 | $7,440,068 |
Children At Heart Foundation Round Rock, TX | $120,247,814 | $7,888,941 |