Texas Prepaid Tuition Scholarship Foundation
- Assets
- $78.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 01/1998
- Data as of
- 08/2024
- EIN
- 74-2841175
Organization Overview
Texas Prepaid Tuition Scholarship Foundation is located in Austin, TX. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Texas Prepaid Tuition Scholarship Foundation 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 08/2024, Texas Prepaid Tuition Scholarship Foundation generated $1.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (32.7%) each year.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION'S MAIN PURPOSE IS TO AWARD PREPAID TUITION SCHOLARSHIPS TO RESIDENTS OF THE STATE OF TEXAS. DURING THE YEAR ENDING AUGUST 31, 2024 THE ORGANIZATION DID NOT AWARD ANY NEW SCHOLARSHIPS BUT MAINTAINED A PREPAID CONTRACT FOR ONE ACTIVE SCHOLARSHIP RECIPIENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Hegar Executive Director | 0 | $0 | |
George Mcshan Chairman | 0 | $0 | |
Carol Magee Vice-Chair | 0 | $0 | |
Elizabeth S Pulido Treasurer | 0 | $0 | |
Troy W Simmons Director | 0 | $0 | |
Linda A Fernandez Division Director-Key Employee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,458 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,458 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,502 |
| Other assets | $0 |
| Total assets | $78,589 |
| Total liabilities | $46,961 |
| Net assets or fund balances | $31,628 |