Texas Chiropractic College Foundation Inc
- Assets
- $18.7m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 156
- Location
- Pasadena, TX
- Founding
- 02/1987
- Data as of
- 08/2021
- EIN
- 76-0196908
Organization Overview
Texas Chiropractic College Foundation Inc is located in Pasadena, TX. The organization was established in 1987. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 08/2021, Texas Chiropractic College Foundation Inc employed 156 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Chiropractic 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, Texas Chiropractic College Foundation Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $9.2m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TEXAS CHIROPRACTIC COLLEGE (TCC) PROMOTES EXCELLENCE IN THE EDUCATION OF PRACTICE-READY DOCTORS OF CHIROPRACTIC WHO ARE FOCUSED ON EVIDENCE-INFORMED, PATIENT-CENTERED CARE; SEEK NEW KNOWLEDGE THROUGH SCHOLARSHIP AND RESEARCH; AND ENGAGE OUR COMMUNITIES THROUGH ONGOING SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED POST SECONDARY EDUCATION FOR APPROXIMATELY 400 STUDENTS FOR ENTRY INTO THE CHIROPRACTIC PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Foster Dc President | Officer | 40 | $200,000 |
John Mrozek Dc Dean Of Academic Affairs | Officer | 40 | $113,300 |
Sandra Hughes Dc Dean Institutional Advanc | Officer | 40 | $113,300 |
Kent Gray Chief Of Clinics | 40 | $111,154 | |
Jeffrey Thompson Professor | 40 | $100,885 | |
Cheryl Dawn Schwab Dc Regent/chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dyopath It Desk Support | 8/30/21 | $154,318 |
Dtk Facility Services Janitorial Services | 8/30/21 | $167,799 |
Cornerstone Preferred Resources Insurance Claims Processing | 8/30/21 | $222,950 |
Ruffalo Noel Levitz Website Design | 8/30/21 | $241,920 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,779 |
| Related organizations | $0 |
| Government grants | $1,470,292 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,192 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,560,263 |
| Total Program Service Revenue | $8,551,764 |
| Investment income | $86,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,532 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,185 |
| Net Income from Fundraising Events | -$18,300 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,273,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $553,384 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $426,600 |
| Compensation of current officers, directors, key employees. | $313,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,521,594 |
| Pension plan accruals and contributions | $178,042 |
| Other employee benefits | $572,147 |
| Payroll taxes | $301,354 |
| Fees for services: Management | $32,326 |
| Fees for services: Legal | $9,395 |
| Fees for services: Accounting | $56,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,377 |
| Fees for services: Other | $20,475 |
| Advertising and promotion | $190,754 |
| Office expenses | $157,206 |
| Information technology | $42,119 |
| Royalties | $0 |
| Occupancy | $233,859 |
| Travel | $49,314 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $251,164 |
| Interest | $115,735 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $679,407 |
| Insurance | $509,172 |
| All other expenses | $178,762 |
| Total functional expenses | $9,172,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,477 |
| Savings and temporary cash investments | $3,539,363 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,043 |
| 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 | $289,168 |
| Net Land, buildings, and equipment | $10,048,053 |
| Investments—publicly traded securities | $4,675,837 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,000 |
| Other assets | $46,049 |
| Total assets | $18,672,990 |
| Accounts payable and accrued expenses | $561,816 |
| Grants payable | $0 |
| Deferred revenue | $116,043 |
| 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 | $2,087,815 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,765,674 |
| Net assets without donor restrictions | $15,335,382 |
| Net assets with donor restrictions | $571,934 |
| 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 | $18,672,990 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Chiropractic College Foundation Inc has recieved totaling $268.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $268 |
Endowment Analysis
| Beg. Balance | $5,215,190 |
| Earnings | $611,587 |
| Other Expense | $78,606 |
| Ending Balance | $5,748,171 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of The Southwest Hobbs, NM | $18,198,087 | $18,560,703 |
Paul Quinn College Dallas, TX | $41,326,264 | $22,450,482 |
Community Highered Institute Tulsa, OK | $9,209,379 | $17,295,559 |
Texas College Tyler, TX | $58,932,373 | $22,124,244 |
Arkansas Baptist College Little Rock, AR | $34,676,418 | $14,634,571 |
Southwestern Christian University Inc Bethany, OK | $10,129,682 | $12,403,251 |
Texas Chiropractic College Foundation Inc Pasadena, TX | $18,672,990 | $10,273,582 |
Arlington Baptist University Arlington, TX | $4,468,756 | $4,620,843 |
Catholic University Of Oklahoma Edmond, OK | $0 | $1,777,775 |
Nicholls State University Foundation Thibodaux, LA | $33,788,301 | $4,331,361 |
Southwestern College Santa Fe, NM | $6,482,044 | $4,260,284 |
Patty Hanks Shelton School Of Nursing Abilene, TX | $3,428,056 | $2,472,200 |