Prairie View A&m Foundation
- Assets
- $2.8m
- Revenue
- $2.5m
- Investments
- $492.8k
- Employees
- 3
- Location
- Houston, TX
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 38-3798900
Organization Overview
Prairie View A&m Foundation is located in Houston, TX. The organization was established in 2009. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Prairie View A&m Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairie View A&m 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, Prairie View A&m Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 9.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 MAXIMIZE THE EFFECTIVENESS OF CONTRIBUTIONS TO SUPPORT FUTURE EXCELLENCE IN EDUCATION, RESEARCH, SERVICE AND ATHLETICS AT PRAIRIE VIEW A&M UNIVERSITY. THE FOUNDATION PUBLISHES A BI-ANNUAL NEWSLETTER THAT HIGHLIGHTS DONORS AND THEIR GIFTS AND EVENTS ON THE CAMPUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ESTABLISHED STRONGER RELATIONSHIPS WITH THE TARGETED DONORS. THE FOUNDATION DISTRIBUTED $1,775,330 IN SUPPORT OF UNIVERSITY PROGRAMS AND NEEDS. IN 2017, THE FOUNDATION EXPERIENCED INCREASED BRAND AWARENESS BY POTENTIAL DONORS. THE FOUNDATION IS BECOMING A TRUSTED AGENT AND ADVISER IN THE PHILANTHROPIC COMMUNITY SUPPORTING PRAIRIE VIEW A&M FOUNDATION. THE FOUNDATION WILL CONTINUE TO FOCUS ON EXPANDING BRAND AWARENESS, FUND RAISING, INCREASING THE NUMBER OF DONORS, AND AVERAGE GIFT SIZE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donetta Goodall Vice Chairman | OfficerTrustee | 10 | $0 |
John Osby Acting Chair/vice Chair | OfficerTrustee | 20 | $0 |
Samuel Coleman Treasurer | OfficerTrustee | 3 | $0 |
Jiles Daniels Secretary | OfficerTrustee | 10 | $0 |
Megan Reed Executive Director | Officer | 40 | $0 |
Carl Jackson Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $71,869 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,966,965 |
| Noncash contributions included in lines 1a–1f | $504,162 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,038,834 |
| Total Program Service Revenue | $390,546 |
| Investment income | $8,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,785 |
| Net Income from Fundraising Events | -$27,229 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,459,692 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,775,330 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $261,102 |
| 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 | $116,698 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,842 |
| Office expenses | $23,098 |
| Information technology | $2,362 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,352 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,469 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,389 |
| Insurance | $1,094 |
| All other expenses | $0 |
| Total functional expenses | $2,224,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $508,479 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,237,942 |
| 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 | $625 |
| Net Land, buildings, and equipment | $14,557 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $492,800 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $549,963 |
| Total assets | $2,804,366 |
| Accounts payable and accrued expenses | $37,618 |
| 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 | $251,982 |
| Total liabilities | $289,600 |
| Net assets without donor restrictions | $1,388,467 |
| Net assets with donor restrictions | $1,126,299 |
| 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 | $2,804,366 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Prairie View A&m Foundation has recieved totaling $1,388,477.
| Awarding Organization | Amount |
|---|---|
Baker Hughes Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $270,000 |
Baker Hughes Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $270,000 |
Tech Alabama Birmingham, AL PURPOSE: PROGRAM SUPPORT | $200,000 |
Clayton Fund Inc Texas Commerce Bank Houston, TX PURPOSE: CHARITABLE | $200,000 |
Dow Company Foundation Bay City, MI PURPOSE: COMMUNITY WELLBEING | $110,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $73,421 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold E Riley Foundation Fort Worth, TX | $357,850 | $584,984 |
Compass Rose Education Inc San Antonio, TX | $15,459,454 | $19,431,467 |
Three Oclock Project Baton Rouge, LA | $1,930,450 | $18,582,179 |
Athlos Louisiana Terrytown, LA | $4,119,183 | $17,119,142 |
Nmc Inc Los Alamos, NM | $8,318,653 | $11,151,295 |
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |
Joe W & Dorothy Dorsett Brown Foundation Metairie, LA | $122,222,465 | $11,452,057 |
Canfield Family Foundation Austin, TX | $4,029,217 | $166,419 |