Lamar Educational Awards Foundation

Organization Overview

Lamar Educational Awards Foundation is located in Rosenberg, TX. The organization was established in 1990. 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. Lamar Educational Awards 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 12/2021, Lamar Educational Awards Foundation generated $263.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $221.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 7 years. 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

TO PROVIDE GRANTS AND/OR SCHOLARSHIPS TO INDIVIDUAL TEACHERS TO ENHANCE TEACHING AND/OR EDUCATION WITHIN CLASSROOMS OR CAMPUSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS AND GRANTS TO TEACHERS FOR EDUCATIONAL PURPOSES


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Board, Officers & Key Employees

Name (title)Compensation
Beverly Richard
Secretary
$0
Chip Sutton
President
$0
Kenny Kucherka
Director
$0
Marcia L Holmes
Treasurer
$0
Ralph Villarreal
Vice President
$0
Alicia Casias
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$95,450
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$192,679
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$288,129
Total Program Service Revenue$0
Investment income $10,402
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$37,309
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $263,256

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Lamar Educational Awards Foundation has recieved totaling $10,000.

Awarding OrganizationAmount
Bert F Winston Sr Foundation

Richmond, TX

PURPOSE: GENERAL OPERATING SUPPORT

$5,000
Wenzel Family Foundation

Needville, TX

PURPOSE: SCHOLARSHIPS

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$997,162
Earnings$2,178
Other Expense$120,573
Ending Balance$878,767

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