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 08/2023, Grayson County College Foundation Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $626.7k during the year ending 08/2023. While expenses have increased by 0.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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
Phil Roether
Chairman
$0
Randall Truxal
Executive Director
$0
Wade Graves
Faculty Representative
$0
Diana Williams
Golf Committee Chair
$0
George Woodroof
Investment Committee Chair
$0
Danny Ortiz
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$112,612
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$649,673
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$762,285
Total Program Service Revenue$0
Investment income $575,435
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $275,384
Net Income from Fundraising Events -$14,391
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,682,259

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