GRAYSON COUNTY COLLEGE FOUNDATION INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- GRAYSON COUNTY COLLEGE FOUNDATION INC (EIN 75-2436355)
- Tax period
- 2024-09-01 to 2025-08-31
- Filed
- 2026-06-19
- IRS object ID
- 202641709349301114
- Schema version
- 2024v5.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-06-19T10:39:16-05:00 | ReturnTs |
| Tax Period End | 2025-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 752393478 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WHITLEY PENN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 640 TAYLOR STREET SUITE 2200 | AddressLine1Txt |
| City | FT WORTH | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 752436355 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRAYSON COUNTY COLLEGE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GRAY | BusinessNameControlTxt |
| Phone | 9034656030 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6101 GRAYSON DRIVE FM 691 | AddressLine1Txt |
| City | DENISON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75020 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DENNIS L WESTMAN | PersonNm |
| Person Title | VP OF BUSINESS SERVICES & CFO | PersonTitleTxt |
| Phone | 9034638620 | PhoneNum |
| Signature | 2026-06-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | EMILY LANDRY | PreparerPersonNm |
| PTIN | P01614538 | PTIN |
| Phone | 8172599100 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DENNIS L WESTMAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6101 GRAYSON DRIVE FM 691 | AddressLine1Txt |
| City | DENISON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75020 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $15,600,967 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.GRAYSON.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1991 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | SECURE RESOURCES FOR GRAYSON COLLEGE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 18 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 30 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,552,259 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,510,033 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $915,967 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,419,580 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$33,581 | PYOtherRevenueAmt |
| CY Other Revenue | -$19,620 | CYOtherRevenueAmt |
| PY Total Revenue | $2,434,645 | PYTotalRevenueAmt |
| CY Total Revenue | $2,909,993 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $589,080 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $645,809 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $47,186 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $235,447 | PYOtherExpensesAmt |
| CY Other Expenses | $276,319 | CYOtherExpensesAmt |
| PY Total Expenses | $824,527 | PYTotalExpensesAmt |
| CY Total Expenses | $922,128 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,610,118 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,987,865 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $23,731,128 | TotalAssetsBOYAmt |
| Total Assets EOY | $26,637,915 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $9,851 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,569 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $23,721,277 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $26,634,346 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE FOUNDATION'S MISSION IS "FULFILLING DONOR WISHES FOR THE STUDENT SUCCESS." IT SERVES GRAYSON COLLEGE THROUGH THE DEVELOPMENT OF PUBLIC UNDERSTANDING AND PHILANTHROPIC SUPPORT. THE FOUNDATION ENCOURAGES MUTUALLY BENEFICIAL RELATIONSHIPS BETWEEN THE COLLEGE AND ITS VARIOUS CONSTITUENCIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $645,809 | ExpenseAmt |
| Grant | $645,809 | GrantAmt |
| Desc | SCHOLARSHIPS AWARDED TO STUDENTS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $34,415 | ExpenseAmt |
| Desc | RESOURCES PROVIDED FOR VARIOUS PROGRAMS AT THE COLLEGE, INCLUDING ASSISTANCE WITH FACILITY IMPROVEMENTS AND EQUIPMENT ACQUISITIONS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $680,224 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 18 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GRAYSON COLLEGE BUSINESS OFFICE | PersonNm |
| Phone | 9034656030 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6101 GRAYSON DRIVE | AddressLine1Txt |
| City | DENISON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75020 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| DR JEREMY P MCMILLEN | |||||||
| PRESIDENT | 1.00 | 40.00 | Yes (X) | $0 | $311,084 | $44,825 | |
| CAROLYN KASDORF PARTIAL YEAR | |||||||
| TREASURER/VICE PRESIDENT OF BUSINESS SERVICES | 1.00 | 40.00 | Yes (X) | $0 | $157,631 | $23,379 | Yes (X) |
| RANDY TRUXAL PARTIAL YEAR | |||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $0 | $135,689 | $20,749 | ||
| PHIL ROETHER | |||||||
| CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| RANDY HOPKINS | |||||||
| VICE CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| DR PATTY POOL | |||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| DIANA WILLIAMS | |||||||
| GOLF COMMITTEE CHAIR-MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR DEBBIE PLYLER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| VICKI ANDERSON | |||||||
| FACULTY REPRESENTATIVE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DANNY ORTIZ | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| JOANN ADAIR | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| MELVIN DUNLAP | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| LYN JOSTES | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| LAURA MCCOY | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| BRITTANY MELTON | |||||||
| BINGO CHAIR-MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR RON BRIGGS | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| TR FLETCHER | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| TOM KYLE | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| DR PAM MOORE | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| ROBIN PHILLIPS | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| BLAKE UTTER | |||||||
| MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||
| DR MOLLY HARRIS | |||||||
| VICE PRESIDENT OF COMMUNITY ENGAGEMENT | 1.00 | 40.00 | Yes (X) | $0 | $109,333 | $19,307 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $713,737 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $108,260 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $125,661 | FundraisingAmt |
| All Other Contributions | $1,384,372 | AllOtherContributionsAmt |
| Total Contributions | $1,510,033 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $667,512 | TotalRevenueColumnAmt |
| Exclusion | $667,512 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $13,400,750 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $12,648,682 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $752,068 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $752,068 | TotalRevenueColumnAmt |
| Exclusion | $752,068 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $22,672 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $125,661 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $42,292 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$19,620 | TotalRevenueColumnAmt |
| Exclusion | -$19,620 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,909,993 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,399,960 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $645,809 | TotalAmt |
| Program Services | $645,809 | ProgramServicesAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $175,514 | TotalAmt |
| Management And General | $175,514 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,438 | TotalAmt |
| Management And General | $5,438 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SERVICES AND SUPPLIES | Desc |
| Total | $95,367 | TotalAmt |
| Program Services | $34,415 | ProgramServicesAmt |
| Management And General | $13,766 | ManagementAndGeneralAmt |
| Fundraising | $47,186 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $922,128 | TotalAmt |
| Program Services | $680,224 | ProgramServicesAmt |
| Management And General | $194,718 | ManagementAndGeneralAmt |
| Fundraising | $47,186 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $910,336 | BOYAmt |
| EOY | $802,589 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $227,167 | BOYAmt |
| EOY | $214,828 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,180,520 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $95,540 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,090,418 | BOYAmt |
| EOY | $1,084,980 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,503,207 | BOYAmt |
| EOY | $24,535,518 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,731,128 | BOYAmt |
| EOY | $26,637,915 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,851 | BOYAmt |
| EOY | $3,569 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,851 | BOYAmt |
| EOY | $3,569 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $341,063 | BOYAmt |
| EOY | $351,285 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,380,214 | BOYAmt |
| EOY | $26,283,061 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,721,277 | BOYAmt |
| EOY | $26,634,346 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,731,128 | BOYAmt |
| EOY | $26,637,915 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,987,865 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $925,204 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $1,724,225 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $762,285 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,552,259 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,510,033 | CurrentTaxYearAmt |
| Total | $5,548,802 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $1,724,225 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $762,285 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,552,259 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,510,033 | CurrentTaxYearAmt |
| Total | $5,548,802 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $5,548,802 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $550,366 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $883,831 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $575,435 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $715,792 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $667,512 | CurrentTaxYearAmt |
| Total | $3,392,936 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $83,546 | CurrentTaxYearMinus2YearsAmt |
| Total | $83,546 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $9,025,284 | TotalSupportAmt |
| Public Support CY170 | 0.61480 | PublicSupportCY170Pct |
| Public Support PY170 | 0.61600 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,682,978 | BeginningYearBalanceAmt |
| Contributions | $1,220,336 | ContributionsAmt |
| Investment Earnings Or Losses | $1,662,837 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $21,566,151 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,696,120 | BeginningYearBalanceAmt |
| Contributions | $1,179,034 | ContributionsAmt |
| Investment Earnings Or Losses | $1,807,824 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $18,682,978 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $14,632,871 | BeginningYearBalanceAmt |
| Contributions | $526,269 | ContributionsAmt |
| Investment Earnings Or Losses | $536,980 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $15,696,120 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,804,185 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$4,171,314 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $14,632,871 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,863,602 | BeginningYearBalanceAmt |
| Contributions | $466,809 | ContributionsAmt |
| Investment Earnings Or Losses | $2,874,271 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $334,589 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $65,908 | AdministrativeExpensesAmt |
| End Year Balance | $18,804,185 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $270,520 | OtherCostOrOtherBasisAmt |
| Depreciation | $95,540 | DepreciationAmt |
| Book Value | $174,980 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $910,000 | OtherCostOrOtherBasisAmt |
| Book Value | $910,000 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,084,980 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE ENDOWMENT FUNDS ARE UTILIZED TO PAY SCHOLARSHIPS TO STUDENTS ATTENDING GRAYSON COLLEGE. |
| PART X, LINE 2: | THE COLLEGE IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 115, ALTHOUGH UNRELATED BUSINESS INCOME MAY BE SUBJECT TO INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 511(A)(2)(B). THE COLLEGE HAD NO UNRELATED BUSINESS INCOME TAX LIABILITY FOR 2025 OR 2024. THE FOUNDATION IS AN ORGANIZATION GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | MILLER BARBER GOLF CLASSIC | Event1Nm |
| Gross Receipts Event1 | $44,195 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $40,243 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $3,952 | GrossRevenueEvent1Amt |
| Cash Prizes Event1 | $2,160 | CashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $6,649 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $520 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $3,814 | OtherDirectExpensesEvent1Amt |
| Event2 | DESIGNER BAG BINGO | Event2Nm |
| Gross Receipts Event2 | $104,138 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $85,418 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $18,720 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $13,303 | NonCashPrizesEvent2Amt |
| Food And Beverage Event2 | $9,750 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $3,500 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $2,596 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $148,333 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $125,661 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $22,672 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $2,160 | CashPrizesTotalEventsAmt |
| Non Cash Prizes Total Events | $13,303 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $6,649 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $10,270 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $3,500 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $6,410 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $42,292 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$19,620 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS TO ATTEND GRAYSON COLLEGE | GrantTypeTxt |
| Recipient | 699 | RecipientCnt |
| Cash Grant | $645,809 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION REVIEWS APPLICATIONS FOR SCHOLARSHIPS AND AWARDS SCHOLARSHIPS BASED UPON THE NEEDS AND MERITS OF THE STUDENTS. SCHOLARSHIP AWARDS ARE PAID BY THE FOUNDATION DIRECTLY TO GRAYSON COLLEGE TO ENSURE AMOUNTS ARE USED FOR INTENDED PURPOSES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR JEREMY P MCMILLEN | ||||||||||||||
| PRESIDENT | $0 | $295,067 | $0 | $0 | $0 | $16,017 | $0 | $34,451 | $0 | $10,374 | $0 | $355,909 | $0 | $0 |
| CAROLYN KASDORF PARTIAL YEAR | ||||||||||||||
| TREASURER/VICE PRESIDENT OF BUSINESS | $0 | $157,631 | $0 | $0 | $0 | $0 | $0 | $13,005 | $0 | $10,374 | $0 | $181,010 | $0 | $0 |
| RANDY TRUXAL PARTIAL YEAR | ||||||||||||||
| EXECUTIVE DIRECTOR | $0 | $135,689 | $0 | $0 | $0 | $0 | $0 | $8,955 | $0 | $11,794 | $0 | $156,438 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 8B | THE FOUNDATION'S COMMITTEES REVIEW MATTERS AND MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS BUT DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. CONSEQUENTLY, NO MINUTES OR OTHER DOCUMENTATION ARE MAINTAINED. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FOUNDATION'S TREASURER AND THE BOARD REVIEW AND APPROVE THE FORM 990 PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY COMPLIANCE IS MAINTAINED AND UPDATED ANNUALLY BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 18 | FORM 1023 AND FORM 990 ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AS WELL AS GENERALIZED FINANCIAL INFORMATION WOULD BE MADE AVAILABLE UPON WRITTEN REQUEST TO THE FOUNDATION. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRAYSON COLLEGE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6101 GRAYSON DRIVE FM 691 | AddressLine1Txt |
| City | DENISON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75020 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 751169719 | EIN |
| Primary Activities | EDUCATION | PrimaryActivitiesTxt |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 2 | PublicCharityStatusTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| GRAYSON COLLEGE | ||
| B | $645,809 | FMV |
| GRAYSON COLLEGE | ||
| O | $877,293 | FMV |
Comments