Dr Lanse T Fox Memorial Organization
- Assets
- $43.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Laredo, TX
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 47-1421061
Organization Overview
Dr Lanse T Fox Memorial Organization is located in Laredo, TX. The organization was established in 2014. 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. Dr Lanse T Fox Memorial Organization 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, Dr Lanse T Fox Memorial Organization generated $92.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $85.0k during the year ending 12/2021. While expenses have increased by 18.6% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
WE HAVE ESTABLISHED AN ENDOWED SCHOLARSHIP WITH THE EMPOWER SCHOLARSHIP FUND, WHICH IS THE FOUNDATION THAT HOUSES SCHOLARSHIP FUNDS BENEFITTING STUDENTS ATTENDING RUSVM. WE HAVE ALSO PROVIDED NUMEROUS LOCAL SCHOLARSHIPS FOR STUDENTS ATTENDING UNIVERSITY, COMMUNITY COLLEGE, AND TRADE SCHOOL FROM KAUFMAN HIGH SCHOOL, WHERE LANSE GRANDUATED FROM IN 2004, AND COTULLA HIGH SCHOOL, WHERE WE NOW HAVE OUR LARGEST FUNDRAISER AND LANSE HAD MANY FRIENDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith W Franklin President | 5 | $0 | |
John Willey VP Of Commun | 5 | $0 | |
John Stachniak Secretary | 5 | $0 | |
Charles K Coleman Executive Vi | 5 | $0 | |
Jason Hart Vice Pres Of | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,501 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $84,702 |
| Other Revenue | $0 |
| Total Revenue | $92,204 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $785 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $150 |
| Other expenses | $112 |
| Total expenses | $85,047 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,202 |
| Other assets | $0 |
| Total assets | $43,774 |
| Total liabilities | $0 |
| Net assets or fund balances | $43,774 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dr Lanse T Fox Memorial Organization has recieved totaling $269.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $269 |
Peer Organizations
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|---|---|---|
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |
Usaa Educational Foundation San Antonio, TX | $96,381,454 | $7,561,828 |
Ulm Athletic Foundation Monroe, LA | $3,668,358 | $2,963,740 |
Panhandle-Plains Higher Education Foundation Inc Canyon, TX | $182,464,704 | $13,006,465 |
American Indian Graduate Center Scholars Albuquerque, NM | $1,252,569 | $3,993,312 |