Temple Junior College Foundation Inc
- Assets
- $14.3m
- Revenue
- $642.4k
- Investments
- $127.2k
- Employees
- 0
- Location
- Temple, TX
- Founding
- 08/1983
- Data as of
- 08/2021
- EIN
- 74-2257300
Organization Overview
Temple Junior College Foundation Inc is located in Temple, TX. The organization was established in 1983. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Temple Junior 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 08/2021, Temple Junior College Foundation Inc generated $642.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $923.6k during the year ending 08/2021. While expenses have increased by 6.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN AND CONTRIBUTE TO THE ACADEMIC AND PHYSICAL GROWTH OF TEMPLE COLLEGE BY PROVIDING A MEANS OF RECEIVING AND ADMINISTERING GIFTS ON BEHALF OF THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND OTHER SUPPORT TO STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bailey President | OfficerTrustee | 4 | $0 |
Tanner Johnson Treasurer | OfficerTrustee | 4 | $0 |
Beverly Luedke Secretary | OfficerTrustee | 4 | $0 |
Keith Hagler Vice President | OfficerTrustee | 4 | $0 |
Jerry Haisler Director | Trustee | 1 | $0 |
Bennie Walsh 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 | $900,303 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $900,303 |
| Total Program Service Revenue | $0 |
| Investment income | $205,740 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,253,677 |
| Net Gain/Loss on Asset Sales | $698,212 |
| Net Income from Fundraising Events | $91,812 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $642,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $51,692 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,894 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $923,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $975,973 |
| Savings and temporary cash investments | $8,456,336 |
| Pledges and grants receivable | $4,983 |
| Accounts receivable, net | $126,740 |
| 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 | $5,221 |
| Net Land, buildings, and equipment | $4,359,725 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $127,156 |
| Investments—program-related | $234,582 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,290,716 |
| Accounts payable and accrued expenses | $307,111 |
| Grants payable | $0 |
| Deferred revenue | $39,699 |
| Tax-exempt bond liabilities | $9,070,000 |
| 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 | $7,456,081 |
| Total liabilities | $16,872,891 |
| Net assets without donor restrictions | -$11,743,182 |
| Net assets with donor restrictions | $9,161,007 |
| 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 | $14,290,716 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Temple Junior College Foundation Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
City Federation Of Womens Clubs Of Temple Temple, TX PURPOSE: CHAIRITABLE CONTRIBUTION | $100,000 |
Endowment Analysis
| Beg. Balance | $7,163,244 |
| Earnings | $890,594 |
| Net Contributions | $361,195 |
| Grants | $559,000 |
| Ending Balance | $8,456,336 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Navajo Technical College Crownpoint, NM | $112,611,300 | $47,666,957 |
Bacone Baptist Church Muskogee, OK | $8,262,001 | $7,873,102 |
Tulsa Community College Foundation Tulsa, OK | $22,351,433 | $4,013,088 |
Shorter College North Little Rock, AR | $8,338,765 | $8,311,177 |
Dallas County Community College District Foundation Inc Dallas, TX | $68,087,017 | $10,311,935 |
Jacksonville College Jacksonville, TX | $5,355,399 | $5,417,972 |
Crowleys Ridge College Paragould, AR | $5,358,943 | $3,865,992 |
North Harris Montgomery Community College District Foundation The Woodlands, TX | $39,494,296 | $6,076,044 |
Southwestern Christian College Terrell, TX | $4,746,786 | $3,502,099 |
Northwest Arkansas Community College Foundation Inc Bentonville, AR | $44,091,991 | $5,872,868 |
Collin County Community College District Foundation Mckinney, TX | $19,576,624 | $3,346,139 |
Arkansas Community Colleges Foundation Little Rock, AR | $1,653,213 | $1,652,722 |