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.
Form
990
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mary Mcqueen Executive Director | Officer | 40 | $139,561 |
Ken Trevino Trustee | Trustee | 0 | $0 |
Kauskik Bhakta Trustee | Trustee | 0 | $0 |
Susan Temple Trustee | Trustee | 0 | $0 |
Sandra Alvarez Vice President | Trustee | 0 | $0 |
Rosie G Collin Secretary | Trustee | 0 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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 | $0 |
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 | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $274 |
Total functional expenses | $3,085,524 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,833,762 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $646,393 |
Accounts receivable, net | $10,382 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $24,707,789 |
Investments—other securities | $785,484 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $28,983,810 |
Accounts payable and accrued expenses | $84,197 |
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 | $0 |
Total liabilities | $84,197 |
Net assets without donor restrictions | $6,832,300 |
Net assets with donor restrictions | $22,067,313 |
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 | $28,983,810 |
Over the last fiscal year, we have identified 10 grants that Del Mar College Foundation Inc has recieved totaling $400,249.
Awarding Organization | Amount |
---|---|
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 |
Beg. Balance | $13,864,583 |
Net Contributions | $1,123,314 |
Grants | -$29,676 |
Ending Balance | $15,017,573 |
Organization Name | Assets | Revenue |
---|---|---|
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Amarillo Area Foundation Inc Amarillo, TX | $153,231,166 | $11,027,021 |
University Of North Texas Foundation Inc Denton, TX | $307,856,436 | $18,135,985 |
Soi Dog Houston, TX | $2,898,470 | $10,171,466 |
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |
Adopt A Platoon San Benito, TX | $2,311,218 | $7,326,430 |
Emerge Center Inc Baton Rouge, LA | $1,893,812 | $1,088,912 |
Love Family Affiliated Fund Of The Oklahoma City Community Foundation Oklahoma City, OK | $15,024,266 | $3,226,115 |
Cnm Ingenuity Incoproration Albuquerque, NM | $23,986,328 | $5,524,320 |
Axia International Spring, TX | $1,284,457 | $5,701,769 |
Shelton Landmark Foundation Dallas, TX | $120,539,366 | $9,909,394 |
Carry The Load Dallas, TX | $2,418,969 | $4,944,762 |