Northeast Texas Community College Foundation

Organization Overview

Northeast Texas Community College Foundation is located in Mt Pleasant, TX. The organization was established in 1985. According to its NTEE Classification (T31) the organization is classified as: Community 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. Northeast Texas Community College 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 08/2021, Northeast Texas Community College Foundation generated $4.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $2.7m during the year ending 08/2021. While expenses have increased by 2.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S PURPOSE IS TO RECEIVE AND ADMINISTER GIFTS AND GRANTS TO ENHANCE EDUCATIONAL EXCELLENCE AT NORTHEAST TEXAS COMMUNITY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL SCHOLARSHIPS


SUPPORT OF COLLEGE


COMMUNITIES IN SCHOOLS


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Board, Officers & Key Employees

Name (title)Compensation
Jim Archer
President
$0
Rick Nelson
Vice Preside
$0
Jane Scharlach
Secretary
$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$2,121,259
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,121,259
Total Program Service Revenue$1,646,736
Investment income $626,103
Tax Exempt Bond Proceeds $0
Royalties $0
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 $4,394,098

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Northeast Texas Community College Foundation has recieved totaling $158,052.

Awarding OrganizationAmount
The Carroll Shelby Foundation

Gardena, CA

PURPOSE: SUPPORT OF EDUCATIONAL AND VOCATIONAL PROGRAMS

$90,000
East Texas Communties Foundation Inc

Tyler, TX

PURPOSE: SCHOLARSHIP FUNDS BUILDING RENOVATI

$67,993
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$59
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,197,901
Earnings$626,103
Net Contributions$810,654
Ending Balance$6,634,658

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