Civic Intelligence

Vernon College Foundation Incorporated

EIN 75-2045268 • 501(c)3 • Vernon, TX

Profile

The vernon college foundation, incorporated operates to provide funding for scholarships to students and other grants to vernon college.

4400 College DriveVernon, TX 76384

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

9th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

10th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

78th percentile

27%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

61st percentile

8.9%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2025

Revenue Growth

27th percentile

-4.4%

Faster revenue growth than 27% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$6,498,636

Up $371,085 (+6.1%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$6,498,636

Up $371,085 (+6.1%) from 2024

Operations
Liabilities / Revenue10th percentileNet Margin78th percentile

Revenue

Up

$545,322

Up $80,696 (+17%) from 2024

Expenses

Down

$400,684

Down $70,914 (-15%) from 2024

Net Income

Up

$144,638

Up $151,610 (+2175%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth61st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $1,334,159Liabilities 2011: $0Net Assets 2011: $1,334,1592011Assets 2012: $1,904,860Liabilities 2012: $0Net Assets 2012: $1,904,8602012Assets 2013: $2,884,598Liabilities 2013: $350,000Net Assets 2013: $2,534,5982013Assets 2014: $3,230,437Liabilities 2014: $0Net Assets 2014: $3,230,4372014Assets 2015: $4,282,197Liabilities 2015: $0Net Assets 2015: $4,282,1972015Assets 2016: $4,593,687Liabilities 2016: $5,430Net Assets 2016: $4,588,2572016Assets 2017: $5,109,368Liabilities 2017: $0Net Assets 2017: $5,109,3682017Assets 2018: $5,388,090Liabilities 2018: $199,148Net Assets 2018: $5,188,9422018Assets 2019: $5,143,313Liabilities 2019: $0Net Assets 2019: $5,143,3132019Assets 2020: $5,335,085Liabilities 2020: $0Net Assets 2020: $5,335,0852020Assets 2021: $6,218,340Liabilities 2021: $0Net Assets 2021: $6,218,3402021Assets 2022: $5,177,598Liabilities 2022: $0Net Assets 2022: $5,177,5982022Assets 2023: $5,483,335Liabilities 2023: $0Net Assets 2023: $5,483,3352023Assets 2024: $6,127,551Liabilities 2024: $0Net Assets 2024: $6,127,5512024Assets 2025: $6,498,636Liabilities 2025: $0Net Assets 2025: $6,498,6362025

Highlighted filing

2025

Assets$6,498,636
Liabilities$0
Net Assets$6,498,636
Open 2025 Filing

Operations Trend

Revenue Growth27th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $465,673Expenses 2011: $569,316Net Income 2011: -$103,6432011Revenue 2012: $733,630Expenses 2012: $130,567Net Income 2012: $603,0632012Revenue 2013: $965,390Expenses 2013: $440,613Net Income 2013: $524,7772013Revenue 2014: $789,653Expenses 2014: $244,650Net Income 2014: $545,0032014Revenue 2015: $1,822,222Expenses 2015: $295,130Net Income 2015: $1,527,0922015Revenue 2016: $591,024Expenses 2016: $431,223Net Income 2016: $159,8012016Revenue 2017: $533,088Expenses 2017: $277,477Net Income 2017: $255,6112017Revenue 2018: $511,709Expenses 2018: $371,226Net Income 2018: $140,4832018Revenue 2019: $573,958Expenses 2019: $361,165Net Income 2019: $212,7932019Revenue 2020: $136,022Expenses 2020: $375,800Net Income 2020: -$239,7782020Revenue 2021: $522,998Expenses 2021: $425,327Net Income 2021: $97,6712021Revenue 2022: $675,207Expenses 2022: $405,554Net Income 2022: $269,6532022Revenue 2023: $596,838Expenses 2023: $367,527Net Income 2023: $229,3112023Revenue 2024: $464,626Expenses 2024: $471,598Net Income 2024: -$6,9722024Revenue 2025: $545,322Expenses 2025: $400,684Net Income 2025: $144,6382025

Highlighted filing

2025

Revenue$545,322
Expenses$400,684
Net Income$144,638
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,498,636
Liabilities
$0
Net assets
$6,498,636
Revenue
$545,322
Expenses
$400,684
Net income
$144,638
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.50$0.00$6.50$0.55$0.40$0.14
2024Detailed filing. Detailed filing data is available for this year.$6.13$0.00$6.13$0.46$0.47$0.01
2023Detailed filing. Detailed filing data is available for this year.$5.48$0.00$5.48$0.60$0.37$0.23
2022Detailed filing. Detailed filing data is available for this year.$5.18$0.00$5.18$0.68$0.41$0.27
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.22$0.00$6.22$0.52$0.43$0.10
2020Detailed filing. Detailed filing data is available for this year.$5.34$0.00$5.34$0.14$0.38$0.24
2019Detailed filing. Detailed filing data is available for this year.$5.14$0.00$5.14$0.57$0.36$0.21
2018Detailed filing. Detailed filing data is available for this year.$5.39$0.20$5.19$0.51$0.37$0.14
2017Detailed filing. Detailed filing data is available for this year.$5.11$0.00$5.11$0.53$0.28$0.26
2016Detailed filing. Detailed filing data is available for this year.$4.59$0.01$4.59$0.59$0.43$0.16
2015Summary only. Only limited summary data is available for this year.$4.28$0.00$4.28$1.82$0.30$1.53
2014Summary only. Only limited summary data is available for this year.$3.23$0.00$3.23$0.79$0.24$0.55
2013Summary only. Only limited summary data is available for this year.$2.88$0.35$2.53$0.97$0.44$0.52
2012Summary only. Only limited summary data is available for this year.$1.90$0.00$1.90$0.73$0.13$0.60
2011Summary only. Only limited summary data is available for this year.$1.33$0.00$1.33$0.47$0.57$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2024 to Aug 31, 2025
Signed
Jan 16, 2026
Return Version
2024v5.5
Gross Receipts
$545,322
Mission and Program Overview

Mission

The vernon college foundation, incorporated operates to provide funding for scholarships to students and other grants to vernon college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,050,626$6,328,172▲ $277,546
Savings and Temporary Cash Investments$76,925$170,464▲ $93,539
Total Assets$6,127,551$6,498,636▲ $371,085
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,858,131$6,071,633▲ $213,502
Net Assets Without Donor Restrictions$269,420$427,003▲ $157,583
Total Net Assets Fund Balance$6,127,551$6,498,636▲ $371,085
Total Liabilities and Net Assets / Fund Balance$6,127,551$6,498,636▲ $371,085

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$5,283,802$96,920--$5,380,722
2023$5,204,905$78,897--$5,283,802
2022$5,042,026$162,879--$5,204,905
2021$4,776,351$265,675--$5,042,026
2020$4,697,286$79,065--$4,776,351
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeOtherTotal
Ms Mindi FlynnVP AdministrationPT$115,062$115,062
Ms Michelle a AlexanderExecutive DirectorPT$74,489$74,489

Board Members and Trustees

NameTitle
Mr Bob FergusonBoard of Trustees Chairman
Mrs Helen WillinghamChairperson
Dr Dusty R JohnstonPresident
Mrs Joni StreitVice-chairperson
Dr Todd SmithMember
Mr Andrew E PenningtonMember
Mr Ga Tony Fidelie JrMember
Mr Larry DrennanMember
Mr Stephen BrantleyMember
Mrs Dee Ann MartinMember
Mrs Terri FarabeeMember
Mr Brent HillerySecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$270,137
Program Service Revenue
$0
Investment Income
$272,785
Other Revenue
$2,400
All Other Contributions
$270,137
Change in Net Assets
$144,638

Audited Revenue Reconciliation

Revenue per Audited Statements
$545,321
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$208,747
Total Revenue per Audited Statements
$754,068
Total Revenue per Form 990
$545,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$378,449
Other Expenses$22,235
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$378,449--$378,449
Fees for Service Investment Mgmnt Fees-$17,701-$17,701
Insurance-$2,316-$2,316
Other Expenses-$453-$453
Advertising-$265-$265
Total Functional Expenses$378,449$22,235$0$400,684

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$400,684
Expenses per Audited Statements$382,983
Total Expenses per Audited Statements$382,983
Expenses Not Reported on Financial Statements$17,701
Other Expense Adjustments$17,701
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Vernon CollegeVernon, TXSection 115To Provide Support to Vernon College Through Scholarships, Departmental and Other Grants.$378,449
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,400
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The foundation has no committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“A copy of form 990 is distributed to all members of the board of directors prior to filing. The form 990 is filed only after approval by all members.”

Form 990, Part VI, Section B, Line 12C

“The foundation at least annually distributes and receives back from its board members questionnaires that, among other things, requires them to disclose known and potential conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public during normal operating hours at its office.”

Filing and Contact Details

Filer

Filer Name
Vernon College Foundation Incorporated
EIN
75-2045268
Phone
9405526291
Address
4400 COLLEGE DRIVE, VERNON, TX 76384

Signing Officer

Name
Michelle a Alexander
Title
Executive Director
Phone
9405526291
Signed
2026-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle a Alexander
Formed
1985
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Condley and Company Llp
Address
PO BOX 2993, ABILENE, TX 79604-2993
Preparer
Hope Wegrzynowicz CPA
Phone
3256776251
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The foundation's independent auditor oversight and selection process did not change during the tax year.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Investment fees netted against income for audit”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment fees netted against income for audit”

PART V, LINE 4:

“The foundation's endowment funds are invested to provide scholarships for students of vernon college.”

Raw XML AppendixShowing 400 of 500 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0272785
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06050626
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06328172
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE VERNON COLLEGE FOUNDATION, INCORPORATED OPERATES TO PROVIDE FUNDING FOR SCHOLARSHIPS TO STUDENTS AND OTHER GRANTS TO VERNON COLLEGE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06127551
IRS990/NetAssetsOrFundBalancesEOYAmt06498636
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt02400
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt02400
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0226447
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0269420
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0427003
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER COSTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1453
IRS990/OtherExpensesGrp/TotalAmt01500
IRS990/OtherExpensesGrp/TotalAmt1453
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHELLE A ALEXANDER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0243007
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0434113
IRS990/PYInvestmentIncomeAmt0220461
IRS990/PYOtherExpensesAmt037485
IRS990/PYOtherRevenueAmt01158
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-6972
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0471598
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0464626
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0144638
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt076925
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0170464
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0270137
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0237757
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0285759
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0317986
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0194095
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01305734
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0272785
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0220461
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0306152
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0347546
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0273960
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01420904
IRS990ScheduleA/PublicSupportCY170Pct00.39030
IRS990ScheduleA/PublicSupportPY170Pct00.39150
IRS990ScheduleA/PublicSupportTotal170Amt01064333
IRS990ScheduleA/SubstantialContributorsTotAmt0241401
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0270137
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0237757
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0285759
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0317986
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0194095
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01305734
IRS990ScheduleA/TotalSupportAmt02726638
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00600
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt05283802
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt096920
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt05380722
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt05204905
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt078897
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt05283802
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05042026
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0162879
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt05204905
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04776351
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0265675
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt05042026
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04697286
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt079065
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04776351
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt017701
IRS990ScheduleD/ExpensesSubtotalAmt0382983
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0226448
IRS990ScheduleD/OtherExpensesNotIncludedAmt017701
IRS990ScheduleD/OtherRevenueAmt0-17701
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.99400
IRS990ScheduleD/RevenueNotReportedAmt0208747
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0545321
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INVESTMENT FEES NETTED AGAINST INCOME FOR AUDIT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INVESTMENT FEES NETTED AGAINST INCOME FOR AUDIT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION'S ENDOWMENT FUNDS ARE INVESTED TO PROVIDE SCHOLARSHIPS FOR STUDENTS OF VERNON COLLEGE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0400684
IRS990ScheduleD/TotalRevenuePerForm990Amt0545321
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0754068
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0382983
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0378449
IRS990ScheduleI/RecipientTable/IRCSectionDesc0SECTION 115
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE SUPPORT TO VERNON COLLEGE THROUGH SCHOLARSHIPS, DEPARTMENTAL AND OTHER GRANTS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VERNON COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0751325933
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04400 COLLEGE DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0VERNON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd076384
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION WORKS CLOSELY WITH VERNON COLLEGE, ITS ONLY GRANTEE, IN OVERSEEING THE USE OF SCHOLARSHIP AND DEPARTMENTAL GRANTS. OVERSIGHT IS ENHANCED BY THE FOUNDATION'S BEING LOCATED AT THE COLLEGE'S ADMINISTRATIVE OFFICES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0233360
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR DUSTY R JOHNSTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0233360
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING. THE FORM 990 IS FILED ONLY AFTER APPROVAL BY ALL MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION AT LEAST ANNUALLY DISTRIBUTES AND RECEIVES BACK FROM ITS BOARD MEMBERS QUESTIONNAIRES THAT, AMONG OTHER THINGS, REQUIRES THEM TO DISCLOSE KNOWN AND POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING NORMAL OPERATING HOURS AT ITS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION'S INDEPENDENT AUDITOR OVERSIGHT AND SELECTION PROCESS DID NOT CHANGE DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0VERNON COLLEGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0751325933
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COUNTY JUNIOR COLLEGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 5

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