Tyler Junior College Foundation
- Assets
- $90.0m
- Revenue
- $8.5m
- Investments
- $1.5m
- Employees
- 0
- Location
- Tyler, TX
- Founding
- 03/1966
- Data as of
- 08/2022
- EIN
- 75-6046816
Organization Overview
Tyler Junior College Foundation is located in Tyler, TX. The organization was established in 1966. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Tyler Junior 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 08/2022, Tyler Junior College Foundation generated $8.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $4.6m during the year ending 08/2022. While expenses have increased by 4.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE TYLER JUNIOR COLLEGE FOUNDATION PROVIDES SCHOLARSHIP, PROGRAM AND CAPITAL SUPPORT TO ENSURE THAT TJC CONTINUES ITS LEGACY OF EXCELLENCE BY SUCCESSFULLY SERVING THE EDUCATIONAL AND WORKFORCE NEEDS OF COMMUNITIES THROUGHOUT EAST TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED 1,603 SCHOLARSHIPS FROM PERMANENTLY AND TEMPORARILY RESTRICTED FUNDS TO 1,063 TJC STUDENTS. THESE AWARDS MAKE IT POSSIBLE FOR MANY OF THE STUDENTS TO RECEIVE A COLLEGE EDUCATION WHICH THEY COULD NOT OTHERWISE AFFORD, HELPING THEM TO BECOME LEADERS IN THEIR COMMUNITY.
SUPPORT PROGRAMS AND PROJECTS TO PROMOTE THE MISSION OF TYLER JUNIOR COLLEGE INCLUDING EXPENDITURES FOR ART, ATHLETICS, TECHNOLOGY, INTERNATIONAL GOODWILL TRAVEL, LIBRARY, NURSING AND OTHER ACADEMICS INCLUDING EMERGENCY FUNDING FOR COVID RELATED INITIATIVES. IN ADDITION, THE FOUNDATION CONTRIBUTED FUNDS FOR THE CONSTRUCTION OF THE ROBERT M. ROGERS NURSING AND HEALTH SCIENCE BUILDING AND CONSTRUCTION COSTS FOR THE ROGERS PALMER PERFORMING ARTS CENTER, THE SUTTON CULTURAL ARTS PLAZA, AND THE HARTLEY HONOR PLAZA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Navarro Vice President | OfficerTrustee | 2 | $0 |
Billy Hibbs Jr President | OfficerTrustee | 4 | $0 |
Tom Seale Treasurer | OfficerTrustee | 1 | $0 |
Dr Sherilyn Willis Secretary | OfficerTrustee | 0 | $0 |
Bill Wong COO | Officer | 40 | $0 |
Mitch Andrews Executive Dir. | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $91,493 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,989,998 |
| Noncash contributions included in lines 1a–1f | $231,010 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,081,491 |
| Total Program Service Revenue | $0 |
| Investment income | $2,646,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $86,683 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $709,502 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,524,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,514,805 |
| Grants and other assistance to domestic individuals. | $2,582,138 |
| 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 | $22,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,000 |
| Fees for services: Investment Management | $309,357 |
| Fees for services: Other | $39,994 |
| 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 | $94,832 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,459 |
| All other expenses | $0 |
| Total functional expenses | $4,610,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,843 |
| Savings and temporary cash investments | $1,739,976 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,668,071 |
| 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 | $1,254,323 |
| Net Land, buildings, and equipment | $848,947 |
| Investments—publicly traded securities | $80,922,178 |
| Investments—other securities | $1,525,699 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,366 |
| Total assets | $90,009,403 |
| Accounts payable and accrued expenses | $1,315,691 |
| Grants payable | $0 |
| Deferred revenue | $75,212 |
| 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 | $2,400,000 |
| Total liabilities | $3,790,903 |
| Net assets without donor restrictions | $13,745,145 |
| Net assets with donor restrictions | $72,473,355 |
| 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 | $90,009,403 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Tyler Junior College Foundation has recieved totaling $410,398.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $300,000 |
Ray H Marr Foundation Dallas, TX PURPOSE: GENERAL SUPPORT CONTRIBUTION | $65,800 |
East Texas Communties Foundation Inc Tyler, TX PURPOSE: GENERAL SUPPORT SCHOLARSHIPS MEMOR | $19,336 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Greater Texas Foundation Bryan, TX PURPOSE: TO SUPPORT STUDENT SCHOLARSHIPS AT TYLER JUNIOR COLLEGE. | $7,500 |
Gollob Charitable Tr Tyler, TX PURPOSE: GENERAL FUNDS | $7,137 |
Endowment Analysis
| Beg. Balance | $94,119,998 |
| Earnings | -$11,334,851 |
| Admin Expense | $121,621 |
| Net Contributions | $5,134,496 |
| Other Expense | $444,994 |
| Grants | $4,096,943 |
| Ending Balance | $83,256,085 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX | $379,261,425 | $375,406 |
University Of Texas Law School Foundation Austin, TX | $263,458,115 | $22,437,207 |
Dallas Seminary Foundation Dallas, TX | $76,216,359 | $8,000,736 |
Sul Ross State University Foundation Alpine, TX | $1,687,998 | $1,230,429 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |
University Of Houston Foundation Houston, TX | $176,095,945 | $16,062,659 |