Grayson County College Foundation Inc
- Assets
- $20.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Denison, TX
- Founding
- 09/1992
- Data as of
- 08/2021
- EIN
- 75-2436355
Organization Overview
Grayson County College Foundation Inc is located in Denison, TX. The organization was established in 1992. 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. Grayson County 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, Grayson County College Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $526.5k during the year ending 08/2021. 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
SECURE RESOURCES FOR GRAYSON COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED TO STUDENTS
RESOURCES PROVIDED FOR VARIOUS PROGRAMS AT THE COLLEGE, INCLUDING ASSISTANCE WITH FACILITY IMPROVEMENTS AND EQUIPMENT ACQUISITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Eubank Secretary | OfficerTrustee | 1 | $0 |
Admiral William Retz Chairman | OfficerTrustee | 1 | $0 |
Phil Roether Vice Chairman | OfficerTrustee | 1 | $0 |
Randall Truxal Executive Dir. | Officer | 40 | $0 |
Joann Adair Director | Trustee | 0 | $0 |
Dianna Williams Director | Trustee | 0 | $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 | $466,809 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $466,809 |
| Total Program Service Revenue | $0 |
| Investment income | $538,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,838 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,077,681 |
| Net Income from Fundraising Events | $7,216 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,102,072 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $334,589 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $120,695 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,991 |
| 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 | $5,299 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $526,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $913,280 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $198,875 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,099,775 |
| Investments—publicly traded securities | $17,828,992 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,670 |
| Total assets | $20,063,592 |
| Accounts payable and accrued expenses | $8,189 |
| 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 | $8,189 |
| Net assets without donor restrictions | $341,218 |
| Net assets with donor restrictions | $19,714,185 |
| 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 | $20,063,592 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Grayson County College Foundation Inc has recieved totaling $99,432.
| Awarding Organization | Amount |
|---|---|
W B Munson Foundation-Trust Chicago, IL PURPOSE: GENERAL | $50,000 |
Vitis Research And Development Corporation Corpus Christi, TX PURPOSE: RESEARCH | $20,000 |
Texoma Medical Center Volunteers Denison, TX PURPOSE: SCHOLARSHIPS | $10,000 |
Dr & Mrs Paul Pierce Memorial Foundation Dallas, TX PURPOSE: SUPPORT GC CARES | $10,000 |
Town Branch Foundation Bentonville, AR PURPOSE: TO SUPPORT COLLEGE PROGRAMMING AND CLASSES. | $9,375 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Endowment Analysis
| Beg. Balance | $15,863,602 |
| Earnings | $2,874,271 |
| Admin Expense | $65,908 |
| Net Contributions | $466,809 |
| Grants | $334,589 |
| Ending Balance | $18,804,185 |
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 |