South Plains College Foundation
- Assets
- $33.5m
- Revenue
- $721.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Levelland, TX
- Founding
- 12/1979
- Data as of
- 08/2022
- EIN
- 75-1665618
Organization Overview
South Plains College Foundation is located in Levelland, TX. The organization was established in 1979. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. South Plains College 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 08/2022, South Plains College Foundation generated $721.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $3.8m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, South Plains College Foundation has awarded 16 individual grants totaling $33,729,594. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SECURE AND ADMINISTER FUNDS FOR STUDENT FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS AND GRANTS-IN-AID AND FOR GRANTS AND FINANCIAL SUPPORT THAT ADVANCES AND ENRICHES THE EDUCATIONAL PROGRAM OF SOUTH PLAINS COLLEGE, LEVELLAND, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL PROGRAM SUPPORT TO SOUTH PLAINS COLLEGE.
PROVIDE SCHOLARSHIPS TO STUDENTS BASED UPON THEIR SCHOLASTIC ACHIEVEMENTS AND/OR FINANCIAL NEEDS IN ACCORDANCE TO CRITERIA DETERMINED BY DONORS AND/OR SOUTH PLAINS COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Vest Treasurer | OfficerTrustee | 0 | $0 |
Ann Capps President | OfficerTrustee | 0 | $0 |
Annette Sykora Secretary | OfficerTrustee | 0 | $0 |
Mark Roberts Vice President | OfficerTrustee | 0 | $0 |
Julie Gerstenberger Executive Dir. | Trustee | 0 | $0 |
Doug Hoelscher Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $255,480 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,908,698 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,164,178 |
| Total Program Service Revenue | $0 |
| Investment income | $301,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,760,299 |
| Net Income from Fundraising Events | $15,718 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $721,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,687,260 |
| 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 | $2,925 |
| 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 | $0 |
| Total functional expenses | $3,816,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $955,267 |
| Savings and temporary cash investments | $332,453 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $26,589,568 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,647,279 |
| Total assets | $33,524,567 |
| Accounts payable and accrued expenses | $0 |
| 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 | $5,276,328 |
| Total liabilities | $5,276,328 |
| Net assets without donor restrictions | $283,944 |
| Net assets with donor restrictions | $27,964,295 |
| 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 | $33,524,567 |
Grants Awarded
Over the last fiscal year, South Plains College Foundation has awarded $3,687,260 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH PLAINS COLLEGE PURPOSE: PROVIDE PROGRAM SUPPORT | $2,600,000 |
SOUTH PLAINS COLLEGE - SCHOLARSHIP FUND PURPOSE: PROVIDE SCHOLARSHIPS TO STUDENTS | $1,087,260 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that South Plains College Foundation has recieved totaling $137,200.
| Awarding Organization | Amount |
|---|---|
Montgomery Family Foundation Inc Alpharetta, GA PURPOSE: UNDERGRADUATE FINANCIAL ASSISTANCE | $101,875 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $10,000 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY PURPOSE: RESEARCH PROJECT | $7,500 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $7,200 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: EDUCATION GRANT | $5,000 |
Kenneth And Harle Montgomery Foundation Chicago, IL PURPOSE: EDUCATIONAL | $3,750 |
Endowment Analysis
| Beg. Balance | $31,343,870 |
| Earnings | -$3,565,058 |
| Admin Expense | $79,589 |
| Net Contributions | $4,236,276 |
| Grants | $3,687,260 |
| Ending Balance | $28,248,239 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX | $379,261,425 | $375,406 |
University Of Texas Law School Foundation Austin, TX | $263,458,115 | $22,437,207 |
Dallas Seminary Foundation Dallas, TX | $76,216,359 | $8,000,736 |
Sul Ross State University Foundation Alpine, TX | $1,687,998 | $1,230,429 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |
University Of Houston Foundation Houston, TX | $176,095,945 | $16,062,659 |