Brazosport College Foundation
- Assets
- $11.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Jackson, TX
- Founding
- 05/1996
- Data as of
- 08/2023
- 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 08/2023, Brazosport College Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $728.6k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 years. 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
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 |
|---|---|---|---|
Courtney Birdsong Board Member | Trustee | 2 | $0 |
Natalie Broaddus Vice Preside | OfficerTrustee | 2 | $0 |
Tess Bullock Board Member | Trustee | 2 | $0 |
Al Capristo Board Member | Trustee | 2 | $0 |
Scott Daigle Board Member | Trustee | 2 | $0 |
Barry Finley 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 | $626,362 |
| Noncash contributions included in lines 1a–1f | $7,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $626,362 |
| Total Program Service Revenue | $0 |
| Investment income | $405,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$75,531 |
| Net Income from Fundraising Events | $111,007 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,067,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $201,735 |
| Grants and other assistance to domestic individuals. | $444,401 |
| 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 | $10,555 |
| 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 | $5,708 |
| Total functional expenses | $728,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,053 |
| Savings and temporary cash investments | $52,876 |
| Pledges and grants receivable | $43,425 |
| 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 | $11,488,380 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,798,734 |
| Accounts payable and accrued expenses | $64,344 |
| Grants payable | $0 |
| Deferred revenue | $25,075 |
| 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 | $89,419 |
| Net assets without donor restrictions | $1,482,320 |
| Net assets with donor restrictions | $10,226,995 |
| 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 | $11,798,734 |
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 |