Victoria College Foundation Inc

Organization Overview

Victoria College Foundation Inc is located in Victoria, TX. The organization was established in 1980. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victoria College 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 08/2023, Victoria College Foundation Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.4m during the year ending 08/2023. While expenses have increased by 5.0% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE VICTORIA COLLEGE FOUNDATION IS A 501(C)(3) NON-PROFIT ORGANIZATION RESPONSIBLE FOR SECURING FINANCIAL RESOURCES AND APPROPRIATELY ALLOCATING THEM TO SUPPORT VICTORIA COLLEGE AND ITS STUDENTS, FACULTY AND ACADEMIC PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VARIOUS VICTORIA COLLEGE DEPARTMENTS FOR STUDENT SUPPORT SERVICES, SALARIES AND EQUIPMENT RECEIVED 510,998. STUDENT SCHOLARSHIPS IN THE AMOUNT OF 788,480 WERE AWARDED.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Bruce Bauknight
Director
$0
Brian Billingsley
Director
$0
William A Blackwell
Director
$0
Dr Ruth Constant
Director
$0
Brian Ferguson
Director
$0
Ben Galvan
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$2,885,749
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,885,749
Total Program Service Revenue$0
Investment income $671,179
Tax Exempt Bond Proceeds $0
Royalties $6
Net Rental Income $0
Net Gain/Loss on Asset Sales -$68,433
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,488,501

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