Grayson County College Foundation Inc

Organization Overview

Grayson County College Foundation Inc is located in Denison, TX. The organization was established in 1992. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Grayson County 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.

For the year ending 08/2021, Grayson County College Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $526.5k during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SECURE RESOURCES FOR GRAYSON COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS AWARDED TO STUDENTS


RESOURCES PROVIDED FOR VARIOUS PROGRAMS AT THE COLLEGE, INCLUDING ASSISTANCE WITH FACILITY IMPROVEMENTS AND EQUIPMENT ACQUISITIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Cathy Eubank
Secretary
$0
Admiral William Retz
Chairman
$0
Phil Roether
Vice Chairman
$0
Randall Truxal
Executive Dir.
$0
Joann Adair
Director
$0
Dianna Williams
Director
$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$466,809
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$466,809
Total Program Service Revenue$0
Investment income $538,528
Tax Exempt Bond Proceeds $0
Royalties $11,838
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,077,681
Net Income from Fundraising Events $7,216
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,102,072

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Grayson County College Foundation Inc has recieved totaling $99,432.

Awarding OrganizationAmount
W B Munson Foundation-Trust

Chicago, IL

PURPOSE: GENERAL

$50,000
Vitis Research And Development Corporation

Corpus Christi, TX

PURPOSE: RESEARCH

$20,000
Texoma Medical Center Volunteers

Denison, TX

PURPOSE: SCHOLARSHIPS

$10,000
Dr & Mrs Paul Pierce Memorial Foundation

Dallas, TX

PURPOSE: SUPPORT GC CARES

$10,000
Town Branch Foundation

Bentonville, AR

PURPOSE: TO SUPPORT COLLEGE PROGRAMMING AND CLASSES.

$9,375
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$57
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$15,863,602
Earnings$2,874,271
Admin Expense$65,908
Net Contributions$466,809
Grants$334,589
Ending Balance$18,804,185

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