Port Arthur Higher Education Foundation Inc

Organization Overview

Port Arthur Higher Education Foundation Inc is located in Port Arthur, TX. The organization was established in 1974. According to its NTEE Classification (B40) the organization is classified as: Higher Education, 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. Port Arthur Higher Education 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 12/2021, Port Arthur Higher Education Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $438.0k during the year ending 12/2021. 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 SCHOLARSHIPS TO STUDENTS AND SUPPORT LAMAR STATE COLLEGE - PORT ARTHUR

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING TO LAMAR STATE COLLEGE - PORT ARTHUR BY AWARDING SCHOLARSHIPS TO STUDENTS.


PROVIDING SUPPORT TO THE MUSEUM OF THE GULF COAST OPERATIONS DURING THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Sam Monroe
President
$0
A Morris Albright
Chairman Of
$0
Ed Boone
Secretary/tr
$0
John Comeaux
Vice Chairma
$0
Floyd Marceaux
Director
$0
Leonard Gabriel Jr
Director
$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$655,880
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$655,880
Total Program Service Revenue$0
Investment income $132,222
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $346,847
Net Income from Fundraising Events $70,176
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,250,972

Grants Awarded

Over the last fiscal year, Port Arthur Higher Education Foundation Inc has awarded $70,176 in support to 2 organizations.

Grant RecipientAmount

THE MUSEUM OF THE GULF COAST(ADMIN BY PA HISTORICAL SOCIETY)

PURPOSE: OPERATIONS OF MUSEUM

$35,088

LAMAR STATE COLLEGE - PA(MEMBER TSU SYSTEM)

PURPOSE: SCHOLARSHIPS

$35,088
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Port Arthur Higher Education Foundation Inc has recieved totaling $3,500.

Awarding OrganizationAmount
Parker Charitable Foundation Inc

Port Arthur, TX

PURPOSE: UNRESTRICTED

$2,500
Gay D And William F Scott Family Foundation

Wilmington, DE

PURPOSE: GENERAL CHARITABLE

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,231,626
Earnings$689,525
Net Contributions$90,176
Grants$119,525
Ending Balance$5,891,802

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