Victoria College Foundation Inc

Organization Overview

Victoria College Foundation Inc is located in Victoria, TX. The organization was established in 1980. According to its NTEE Classification (B40) the organization is classified as: Higher Education, 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. Victoria College Foundation 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 08/2022, Victoria College Foundation Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $945.2k during the year ending 08/2022. While expenses have increased by 0.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE VICTORIA COLLEGE FOUNDATION IS A 501 (C) (3) NON-PROFIT ORGANIZATION RESPONSIBLE FOR SECURING FINANCIAL RESOURCES AND APPROPRIATELY ALLOCATING THEM TO SUPPORT VICTORIA COLLEGE AND ITS STUDENTS, FACULTY, AND ACADEMIC PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VARIOUS VICTORIA COLLEGE DEPARTMENTS FOR STUDENT SUPPORT SERVICES, SALARIES, AND EQUIPMENT RECEIVED $209,878. STUDENT SCHOLARSHIPS IN THE AMOUNT OF $646,516 WERE AWARDED.


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Board, Officers & Key Employees

Name (title)Compensation
Ben Galvan
President
$0
Mike Rivet
Vice President
$0
Vee Strauss
Secretary
$0
Gary Worsham
Treasurer
$0
Dr Bruce Bauknight
Director
$0
William A Blackwell
Director
$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$3,181,585
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,181,585
Total Program Service Revenue$0
Investment income $646,973
Tax Exempt Bond Proceeds $0
Royalties $6
Net Rental Income $0
Net Gain/Loss on Asset Sales $353,574
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,182,138

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Victoria College Foundation Inc has recieved totaling $17,000.

Awarding OrganizationAmount
Peach Mott Foundation Inc

Victoria, TX

PURPOSE: CHARITABLE/EDUCATIONAL

$10,000
Cloyde And Ethel Lee Tracy Foundation

Victoria, TX

PURPOSE: TO SUPPORT STAFF AND STUDENTS

$5,000
Su Cla Foundation

Las Vegas, NV

PURPOSE: OPERATING FUNDS

$1,000
Willard And Anne Levin Foundation

Hallettsville, TX

PURPOSE: UNRESTRICTED OPERATING FUNDS

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$15,384,189
Earnings-$2,107,215
Net Contributions$559,066
Grants$673,688
Ending Balance$13,162,352

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