Brazosport College Foundation
- Assets
- $11.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Jackson, TX
- Founding
- 05/1996
- Data as of
- 08/2022
- EIN
- 76-0486628
Organization Overview
Brazosport College Foundation is located in Lake Jackson, TX. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Brazosport 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, Brazosport College Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $485.9k during the year ending 08/2022. 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 MISSION OF THE BRAZOSPORT COLLEGE FOUNDATION IS TO RAISE AND ADMINISTER FUNDS FOR THE ENHANCEMENT OF EDUCATIONAL OPPORTUNITIES AT BRAZOSPORT COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO BRAZOSPORT COLLEGE STUDENTS
GRANTS FOR SPECIAL INSTRUCTION PROJECTS AT BRAZOSPORT COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Hockstra Treasurer | OfficerTrustee | 2 | $0 |
David Howarth Past Preside | OfficerTrustee | 2 | $0 |
Natalie Broaddus Vice Preside | OfficerTrustee | 2 | $0 |
Al Olvera Secretary | OfficerTrustee | 2 | $0 |
Rod Hall President | OfficerTrustee | 2 | $0 |
Clyde Neal Jr Board Member | Trustee | 2 | $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 | $1,100,978 |
| Noncash contributions included in lines 1a–1f | $7,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,100,978 |
| Total Program Service Revenue | $0 |
| Investment income | $777,292 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86,056 |
| Net Income from Fundraising Events | $86,159 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,050,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,220 |
| Grants and other assistance to domestic individuals. | $357,088 |
| 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 | $0 |
| Fees for services: Other | $10,059 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $485,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,945 |
| Savings and temporary cash investments | $57,859 |
| Pledges and grants receivable | $66,071 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,920,395 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,278,270 |
| Accounts payable and accrued expenses | $31,552 |
| Grants payable | $0 |
| Deferred revenue | $30,850 |
| 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 | $62,402 |
| Net assets without donor restrictions | $1,685,295 |
| Net assets with donor restrictions | $9,530,573 |
| 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 | $11,278,270 |
Grants Awarded
Over the last fiscal year, Brazosport College Foundation has awarded $233,300 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BRAZOSPORT COLLEGE BUILDING FUND PURPOSE: INSTRUCTIONAL PROJEC | $151,000 |
BRAZOSPORT COLLEGE PURPOSE: INSTRUCTIONAL PROJEC | $82,300 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Brazosport College Foundation has recieved totaling $5,005.
| Awarding Organization | Amount |
|---|---|
Les And Mary Puckett Childrens Foundation Rockport, TX PURPOSE: ACADEMIC SCHOLARSHIPS | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $6,677,280 |
| Earnings | $8,283 |
| Net Contributions | $589,348 |
| Ending Balance | $7,274,911 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |