Port Arthur Higher Education Foundation Inc
- Assets
- $7.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Port Arthur, TX
- Founding
- 11/1974
- Data as of
- 12/2021
- EIN
- 23-7272448
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Sam Monroe President | OfficerTrustee | 0.5 | $0 |
A Morris Albright Chairman Of | OfficerTrustee | 0.5 | $0 |
Ed Boone Secretary/tr | OfficerTrustee | 0.5 | $0 |
John Comeaux Vice Chairma | OfficerTrustee | $0 | |
Floyd Marceaux Director | Trustee | 0.25 | $0 |
Leonard Gabriel Jr Director | Trustee | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,176 |
| Grants and other assistance to domestic individuals. | $322,679 |
| 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 | $16,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,098 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $609 |
| Office expenses | $464 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $793 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,258 |
| All other expenses | $0 |
| Total functional expenses | $437,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,770 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $361,569 |
| Accounts receivable, net | $31,438 |
| 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 | $1,317 |
| Net Land, buildings, and equipment | $22,987 |
| Investments—publicly traded securities | $7,267,696 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,943,777 |
| Accounts payable and accrued expenses | $4,081 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $14,299 |
| Total liabilities | $18,380 |
| Net assets without donor restrictions | $1,072,671 |
| Net assets with donor restrictions | $6,852,726 |
| 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 | $7,943,777 |
Grants Awarded
Over the last fiscal year, Port Arthur Higher Education Foundation Inc has awarded $70,176 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
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 |
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 Organization | Amount |
|---|---|
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 |
Endowment Analysis
| Beg. Balance | $5,231,626 |
| Earnings | $689,525 |
| Net Contributions | $90,176 |
| Grants | $119,525 |
| Ending Balance | $5,891,802 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Criswell College Dallas, TX | $48,370,190 | $10,030,581 |
Northeastern State University Foundation Inc Tahlequah, OK | $45,168,633 | $4,906,328 |
Unam-Usa San Antonio, TX | $1,629,192 | $3,843,088 |
Center For Venture Education Inc Austin, TX | $106,820,676 | $4,487,131 |
Commonwealth Institute Of Funeral Service Houston, TX | $8,054,395 | $3,674,462 |
Lion Athletic Association Hammond, LA | $2,289,919 | $1,876,980 |
Delta Campus Facilities Corporation Monroe, LA | $25,919,156 | $3,154,481 |
International A L E R T Academy Big Sandy, TX | $844,337 | $1,167,358 |
Victoria College Foundation Inc Victoria, TX | $20,046,408 | $4,182,138 |
Louisiana Baptist University Shreveport, LA | $3,274,733 | $698,291 |
Education Alternatives Inc Fort Worth, TX | $649,007 | $757,814 |
Pawnee Nation College Pawnee, OK | $252,304 | $705,215 |