Victoria College Foundation Inc
- Assets
- $22.6m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Victoria, TX
- Founding
- 03/1980
- Data as of
- 08/2023
- EIN
- 74-1994810
Organization Overview
Victoria College Foundation Inc is located in Victoria, TX. The organization was established in 1980. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations 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 08/2023, Victoria College Foundation Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.4m during the year ending 08/2023. While expenses have increased by 5.0% 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
2023
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 510,998. STUDENT SCHOLARSHIPS IN THE AMOUNT OF 788,480 WERE AWARDED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Bruce Bauknight Director | Trustee | 0.25 | $0 |
Brian Billingsley Director | Trustee | 0.25 | $0 |
William A Blackwell Director | Trustee | 0.25 | $0 |
Dr Ruth Constant Director | Trustee | $0 | |
Brian Ferguson Director | Trustee | 0.25 | $0 |
Ben Galvan Director | Trustee | 1 | $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 | $2,885,749 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,885,749 |
| Total Program Service Revenue | $0 |
| Investment income | $671,179 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$68,433 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,488,501 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,299,478 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,382 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $767 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,506 |
| All other expenses | $0 |
| Total functional expenses | $1,373,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,552,576 |
| Savings and temporary cash investments | $1,683,192 |
| Pledges and grants receivable | $723,598 |
| Accounts receivable, net | $12,299 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,575,633 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,540 |
| Total assets | $22,565,838 |
| Accounts payable and accrued expenses | $0 |
| 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 | $68,399 |
| Total liabilities | $68,399 |
| Net assets without donor restrictions | $84,412 |
| Net assets with donor restrictions | $22,413,027 |
| 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 | $22,565,838 |