Greater Texas Foundation
- Assets
- $0.0
- Revenue
- $25.1m
- Investments
- $298.4m
- Employees
- 0
- Location
- Bryan, TX
- Founding
- 05/1980
- Data as of
- 12/2021
- EIN
- 74-2158821
Organization Overview
Greater Texas Foundation is located in Bryan, TX. The organization was established in 1980. 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. Greater Texas 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, Greater Texas Foundation generated $25.1m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $20.5m during the year ending 12/2021. While expenses have increased by 13.1% per year over the past 2 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.
Since 2020, Greater Texas Foundation has awarded 427 individual grants totaling $69,074,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Ralph Rushing Chairman | 7.79 | $41,000 | |
Dr Samuel Gillespie Vice Chairman | 4.7 | $37,000 | |
Mr Bill Youngkin Secretary | 0.81 | $37,000 | |
Dr John Moss Director | 3.03 | $37,000 | |
Mrs Judy N Holt Director | 1.1 | $33,000 | |
Mr Ad James Jr Director | 2.02 | $33,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prodigy Asset Management Llc | 12/30/22 | $499,996 |
Kpmg Llp | 12/30/22 | $216,775 |
Paige Booth | 12/30/22 | $83,739 |
Bracewell Llp | 12/30/22 | $62,438 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,162,800 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,667,909 |
| Total Revenue | $25,100,134 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $632,661 |
| Pension plans, employee benefits | $275,998 |
| Depreciation | $154,732 |
| Occupancy | $152,851 |
| Travel, conferences, and meetings | $43,540 |
| Printing and publications | $24,579 |
| Total operating and administrative expenses | $4,247,558 |
| Contributions, gifts, grants paid | $16,217,457 |
| Total expenses and disbursements | $20,465,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $161,486,332 |
| Other assets | $469,959 |
| Mortgages and other notes payable | $1,318,836 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Greater Texas Foundation has awarded $29,366,148 in support to 158 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIN PARTNERS IN EDUCATION PURPOSE: TO SUPPORT THE DESIGN OF A MODEL FOR THE SUCCESSFUL EXECUTION OF CAREER LAUNCH/P-TECH PROGRAMS. | $150,000 |
ACHIEVING THE DREAM INC PURPOSE: TO SUPPORT THE PARTICIPATION OF TWO TEXAS COLLEGES IN ATD'S RACIAL EQUITY LEADERSHIP ACADEMY. | $5,000 |
AMARILLO JUNIOR COLLEGE DISTRICT PURPOSE: TO SUPPORT AMARILLO COLLEGE AND AMARILLO ISD IN CREATING DATA SYSTEMS TO INCREASE STUDENT SUCCESS. | $43,070 |
BAYLOR UNIVERSITY PURPOSE: TO SUPPORT SCHOLARSHIPS AT BAYLOR UNIVERSITY SCHOOL OF LAW. | $7,500 |
AUSTIN COMMUNITY COLLEGE DISTRICT PURPOSE: TO SUPPORT A COLLABORATION BETWEEN THE DIGITAL HIGHER EDUCATION CONSORTIUM OF TEXAS AND THE COMPANY ACADEUM TO ASSIST COLLEGES ACROSS TEXAS. | $103,270 |
BIG THOUGHT PURPOSE: TO SUPPORT DALLAS COUNTY PROMISE BY PROVIDING HIGH SCHOOL SENIORS WITH MENTORS TO SUPPORT COLLEGE PERSISTENCE. | $65,000 |