Angelina College Foundation
- Assets
- $271.0k
- Revenue
- $239.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lufkin, TX
- Founding
- 05/2019
- Data as of
- 08/2023
- EIN
- 83-1664408
Organization Overview
Angelina College Foundation is located in Lufkin, TX. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Angelina 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 08/2023, Angelina College Foundation generated $239.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $145.6k during the year ending 08/2023. While expenses have increased by 21.4% per year over the past 2 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL/CHARITABLE PURPOSES FBO ANGLINA COLLEGE AND ITS STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS/GRANTS FOR STUDENTS AND COLLEGE PROGRAMS: FIVE DIFFERENT SCHOLARSHIPS AND EIGHT DIFFERENT COLLEGE PROGRAMS WERE SUPPORTED. THIS TUITION HELP AND INCREASED OPPORTUNITIES FOR THE MOST UP-TO-DATE EDUCATIONAL PRACTICES AND EQUIPMENT AND SUPPLIES, AND ADULT EDUCATION PROGRAMS HELP STUDENTS BOTH DIRECTLY AND INDIRECTLY.
STUDENT EMERGENCY AID: FUNDS TO HELP STUDENTS WHO WERE HIT WITH SOME EMERGENCY, UP TO $500 EACH, SO THEY CAN CONTINUE THEIR EDUCATION UNINTERRUPTED. THIS YEAR WE HELPED 29 STUDENTS. WITH GRANTS AND DONATIONS, WE WILL CONTINUE THIS PROGRAM AND BUILD AN ENDOWMENT TO INSURE HELP FOR OUR STUDENTS IN PERPETUITY.
MENINGITIS INITIATIVE: PARTNERING WITH ANGELINA COUNTY CITIES HEALTH DISTRICT, WE PROVIDE REQUIRED MENINGITIS VACCINES TO INCOMING STUDENTS THROUGH SHOT CLINICS AT LOCAL HIGH SCHOOLS AND AT THE HEALTH DEPARTMENT FOR STUDENTS ENROLLING AT ANGELINA COLLEGE. 203 STUDENTS RECEIVED FREE MENINGITIS SHOTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael Simon Voting Board Member | Officer | 1 | $0 |
Mr Curt Fenley Voting Board Member | Officer | 1 | $0 |
Mr Chris Sullivan Secretarytreasurer | Officer | 1 | $0 |
Dr Tim Detoro Board President | Officer | 1 | $0 |
Dr Robert H Lindsey Board Vice-President | Officer | 1 | $0 |
Aloysia P Loyd Foundation Accountant | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $160,636 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,636 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $79,023 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $139,273 |
| 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 | $1,911 |
| 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 | $1,479 |
| All other expenses | $2,926 |
| Total functional expenses | $145,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,017 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $271,017 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $259,561 |
| Net assets with donor restrictions | $11,456 |
| 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 | $271,017 |