Del Mar College Foundation Inc
- Assets
- $29.0m
- Revenue
- -$907.9k
- Investments
- $785.5k
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 12/1983
- Data as of
- 06/2022
- EIN
- 74-2286234
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.
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Mcqueen Executive Director | Officer | 40 | $139,561 |
Michelle Unda President | Trustee | 0 | $0 |
Sandra Alvarez Vice President | Trustee | 0 | $0 |
Crissy Hinojosa Treasurer | Trustee | 0 | $0 |
Rosie G Collin Secretary | Trustee | 0 | $0 |
Todd M Walter Scholarship Chair | Trustee | 0 | $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 |
| 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 |
Grants Recieved
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 |
Endowment Analysis
| Beg. Balance | $13,864,583 |
| Net Contributions | $1,123,314 |
| Grants | -$29,676 |
| Ending Balance | $15,017,573 |
Peer Organizations
| 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 |