Blinn College Foundation Inc
- Assets
- $28.2m
- Revenue
- $2.1m
- Investments
- $26.8m
- Employees
- 0
- Location
- Brenham, TX
- Founding
- 06/1991
- Data as of
- 08/2022
- EIN
- 74-2581806
Organization Overview
Blinn College Foundation Inc is located in Brenham, TX. The organization was established in 1991. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Blinn 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, Blinn College Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $966.8k during the year ending 08/2022. While expenses have increased by 8.2% 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.
Since 2020, Blinn College Foundation Inc has awarded 24 individual grants totaling $7,195,223. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BLINN COLLEGE FOUNDATION, INC. IS ORGANIZED FOR THE SOLE PURPOSE OF PROVIDING SUPPORT FOR PROGRAMS AND ACTIVITIES WHICH ENHANCE THE QUALITY OF EDUCATION FOR BLINN COLLEGE STUDENTS AND EXPAND THE EDUCATIONAL OPPORTUNITIES FOR THE ENTIRE COMMUNITY THROUGH RAISING FUNDS FOR SCHOLARSHIPS, CAPITAL PROJECTS, EDUCATIONAL PROGRAMS AND OTHER RELATED ACTIVITIES. WHILE FUND RAISING IS AN IMPORTANT FUNCTION, THE BLINN COLLEGE FOUNDATION ALSO SEEKS TO HEIGHTEN COMMUNITY AWARENESS OF THE MISSION AND ACCOMPLISHMENTS OF THE COLLEGE DISTRICT AND TO PROMOTE EXCELLENCE IN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR PROGRAMS AND ACTIVITIES WHICH ENHANCE THE QUALITY OF EDUCATION FOR BLINN COLLEGE STUDENTS AND EXPAND THE EDUCATIONAL OPPORTUNITIES FOR THE ENTIRE COMMUNITY.
SCHOLARSHIPS TO BLINN COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Schaefer Treasurer | OfficerTrustee | 2 | $0 |
Nancy Berry Secretary | OfficerTrustee | 1 | $0 |
Kevin Mutscher Vice Chairman | OfficerTrustee | 2 | $0 |
Samuel Sommer Chairman | OfficerTrustee | 3 | $0 |
J Hal Machat Board Member | Trustee | 1 | $0 |
Matt Kenjura Board Member | 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 | $1,282,242 |
| Noncash contributions included in lines 1a–1f | $61,231 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,282,242 |
| Total Program Service Revenue | $0 |
| Investment income | $812,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,641 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,096,419 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $896,216 |
| 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 | $6,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,391 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,000 |
| 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 | $11,710 |
| All other expenses | $0 |
| Total functional expenses | $966,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $509,212 |
| Savings and temporary cash investments | $626,154 |
| Pledges and grants receivable | $241,488 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $26,791,483 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $28,178,337 |
| Accounts payable and accrued expenses | $36,585 |
| 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 | $0 |
| Total liabilities | $36,585 |
| Net assets without donor restrictions | $366,372 |
| Net assets with donor restrictions | $27,775,380 |
| 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 | $28,178,337 |
Grants Awarded
Over the last fiscal year, Blinn College Foundation Inc has awarded $759,929 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BLINN COLLEGE PURPOSE: SCHOLARSHIPS | $601,567 |
BLINN COLLEGE PURPOSE: BENEFIT OF BLINN COLLEGE | $100,000 |
BLINN COLLEGE PURPOSE: BENEFIT OF BLINN COLLEGE | $26,357 |
BLINN COLLEGE PURPOSE: BENEFIT OF BLINN COLLEGE | $13,219 |
BLINN COLLEGE PURPOSE: BENEFIT OF BLINN COLLEGE | $10,786 |
BLINN COLLEGE PURPOSE: BENEFIT OF BLINN COLLEGE | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Blinn College Foundation Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Betswest Foundation Brenham, TX PURPOSE: GENERAL SUPPORT | $250,000 |
Endowment Analysis
| Beg. Balance | $20,510,408 |
| Net Contributions | $822,492 |
| Grants | -$47,731 |
| Ending Balance | $21,380,631 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saudi Aramco Ret Welfare Ben Tr Houston, TX | $29,146 | $26,385,582 |
San Angelo Area Foundation San Angelo, TX | $221,834,647 | $42,062,458 |
Mercy Ships Foundation Lindale, TX | $100,019,661 | $12,520,932 |
Texas Womens Foundation Dallas, TX | $33,197,240 | $8,443,158 |
Gayle And Tom Benson Charitablefoundation Metairie, LA | $44,526 | $10,673,881 |
The Oscar J Tolmas Charitable Trust Metairie, LA | $58,086,420 | $4,279,649 |
The University Of Texas At Tyler Education Inc Tyler, TX | $0 | $51,128 |
University Of Arkansas Technology Development Foundation Fayetteville, AR | $18,380,736 | $2,093,754 |
Butcher Fund Houston, TX | $0 | $254,062 |
Lensic Performing Arts Center Corporation Santa Fe, NM | $15,012,313 | $4,156,320 |
John R & Greli N Less Charitable Trust San Antonio, TX | $117,218,576 | $120,089,499 |
St Davids Community Health Foundation Initiatives Austin, TX | $27,867,184 | $2,942,176 |