Del Mar College Foundation Inc

Organization Overview

Del Mar College Foundation Inc is located in Corpus Christi, TX. The organization was established in 1983. 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. Del Mar 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT STUDENT EDUCATION SUCCESS BY PROVIDING SCHOLARSHIPS AND EMERGENCY AID

Describe the Organization's Program Activity:

Part 3 - Line 4a

1,662 SCHOLARSHIPS AWARDED TO DEL MAR COLLEGE STUDENTS IN ACADEMIC YEAR 2021-2022


GRANTS, MANAGED FUNDS, & OTHER AWARDS


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Board, Officers & Key Employees

Name (title)Compensation
Mary Mcqueen
Executive Director
$139,561
Ken Trevino
Trustee
$0
Kauskik Bhakta
Trustee
$0
Susan Temple
Trustee
$0
Sandra Alvarez
Vice President
$0
Rosie G Collin
Secretary
$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$3,188,130
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,188,130
Total Program Service Revenue$0
Investment income $504,160
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,155,465
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue -$907,930

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Del Mar College Foundation Inc has recieved totaling $400,249.

Awarding OrganizationAmount
Coastal Bend Community Foundation

Corpus Christi, TX

PURPOSE: EDUCATIONAL PROGRAMS

$181,200
Texas Mutual Insurance Company

Austin, TX

PURPOSE: College Safety Grants

$100,000
Yvonne H Simard Foundation

Corpus Christi, TX

PURPOSE: ENDOWMENT/SCHOLARSHIPS

$50,000
John G & Marie Stella Kenedy Memorial Foundation

Corpus Christi, TX

PURPOSE: Annual Scholarship assistance

$35,000
Robert & Janis Birchall Foundation

Wimberley, TX

PURPOSE: SCHOLARSHIPS

$15,000
Estill Foundation

Corpus Christi, TX

PURPOSE: SCHOLARSHIPS

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$13,864,583
Net Contributions$1,123,314
Grants-$29,676
Ending Balance$15,017,573

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