Texas Chiropractic College Foundation Inc
- Assets
- $19.6m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 159
- Location
- Pasadena, TX
- Founding
- 02/1987
- Data as of
- 08/2023
- EIN
- 76-0196908
Organization Overview
Texas Chiropractic College Foundation Inc is located in Pasadena, TX. The organization was established in 1987. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 08/2023, Texas Chiropractic College Foundation Inc employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Chiropractic 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 08/2023, Texas Chiropractic College Foundation Inc generated $11.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $10.8m during the year ending 08/2023. While expenses have increased by 1.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TEXAS CHIROPRACTIC COLLEGE (TCC) PROMOTES EXCELLENCE IN THE EDUCATION OF PRACTICE-READY DOCTORS OF CHIROPRACTIC WHO ARE FOCUSED ON EVIDENCE-INFORMED, PATIENT-CENTERED CARE; SEEK NEW KNOWLEDGE THROUGH SCHOLARSHIP AND RESEARCH; AND ENGAGE OUR COMMUNITIES THROUGH ONGOING SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED POST SECONDARY EDUCATION FOR APPROXIMATELY 298 STUDENTS FOR ENTRY INTO THE CHIROPRACTIC PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Raymond Dc Regent/secretary | OfficerTrustee | 1 | $0 |
Monte Blue Edd Regent | Trustee | 1 | $0 |
Cheryl Dawn Schwab Dc Regent/chairman | OfficerTrustee | 1 | $0 |
Connie Elliot Regent | Trustee | 1 | $0 |
Brian J Anderson Dc Regent | Trustee | 1 | $0 |
Quentin M Brisco Dc Regent | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cornerstone Preferred Resources Insurance Claims Processing | 8/30/23 | $717,419 |
Bfj Construction Inc Construction | 8/30/23 | $422,025 |
Dyopath It Desk Support | 8/30/23 | $334,719 |
Dtk Facility Services Janitorial Services | 8/30/23 | $191,465 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $78,290 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,860 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,150 |
| Total Program Service Revenue | $9,867,940 |
| Investment income | $130,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,286,884 |
| Net Income from Fundraising Events | -$7,046 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,518,235 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $368,532 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $389,375 |
| Compensation of current officers, directors, key employees. | $350,438 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,143,529 |
| Pension plan accruals and contributions | $196,846 |
| Other employee benefits | $745,107 |
| Payroll taxes | $336,505 |
| Fees for services: Management | $80,145 |
| Fees for services: Legal | $22,441 |
| Fees for services: Accounting | $59,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,543 |
| Advertising and promotion | $258,373 |
| Office expenses | $132,041 |
| Information technology | $63,298 |
| Royalties | $0 |
| Occupancy | $318,139 |
| Travel | $183,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $224,524 |
| Interest | $96,188 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $771,748 |
| Insurance | $772,040 |
| All other expenses | $231,098 |
| Total functional expenses | $10,815,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,398 |
| Savings and temporary cash investments | $2,274,869 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,873 |
| 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 | $412,394 |
| Net Land, buildings, and equipment | $12,551,401 |
| Investments—publicly traded securities | $4,102,504 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,000 |
| Other assets | $132,959 |
| Total assets | $19,622,398 |
| Accounts payable and accrued expenses | $418,871 |
| Grants payable | $0 |
| Deferred revenue | $21,575 |
| 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 | $3,017,950 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,458,396 |
| Net assets without donor restrictions | $15,598,671 |
| Net assets with donor restrictions | $565,331 |
| 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 | $19,622,398 |