Form 990, Part VI, Section B, Line 11B
“Form 990 is reviewed by the executive committee and upon signing the return.”
Scores are not available for this record yet.
Assets
Flat$17,469,533
Flat from 2018
Net Assets
Flat$17,469,533
Flat from 2018
Liabilities
Flat$0
Flat from 2018
Revenue
Flat$4,021,972
Flat from 2018
Expenses
Flat$399,172
Flat from 2018
Net Income
Flat$3,622,800
Flat from 2018
Exists to support and enhance the ability of galveston college to achieve its mission of advancing people's lives through lifelong learning.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $12,859,255 | $13,926,311 | ▲ $1,067,056 |
| Savings and Temporary Cash Investments | $410,241 | $1,959,844 | ▲ $1,549,603 |
| Pledges and Grants Receivable | $108,020 | $1,563,271 | ▲ $1,455,251 |
| Cash and Non-Interest-Bearing Accounts | $38,100 | $20,107 | ▼ $17,993 |
| Total Assets | $13,415,616 | $17,469,533 | ▲ $4,053,917 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $43,902 | $0 | ▼ $43,902 |
| Total Liabilities | $43,902 | $0 | ▼ $43,902 |
| Net Assets / Fund Balance | |||
| Permanently Rstr Net Assets | $8,140,125 | $11,294,780 | ▲ $3,154,655 |
| Temporarily Rstr Net Assets | $4,994,401 | $5,948,405 | ▲ $954,004 |
| Unrestricted Net Assets | $237,188 | $226,348 | ▼ $10,840 |
| Total Net Assets Fund Balance | $13,371,714 | $17,469,533 | ▲ $4,097,819 |
| Total Liabilities and Net Assets / Fund Balance | $13,415,616 | $17,469,533 | ▲ $4,053,917 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $1,009,111 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2017 | $13,070,409 | $1,770,300 | ▲ $1,252,683 | - | $15,679,915 |
| 2016 | $11,226,328 | $830,277 | ▲ $372,956 | - | $13,070,409 |
| 2015 | $10,328,939 | $553,658 | ▲ $439,923 | - | $11,226,328 |
| 2014 | $7,551,116 | $3,147,500 | - | - | $10,328,939 |
| 2013 | $4,525,792 | $2,162,933 | ▲ $49,682 | - | $7,551,116 |
| Name | Title |
|---|---|
| Garrik Addison | Chair |
| Jeri Kinnear | Vice Chair |
| Frank Benavidez | Director |
| Scott Kusnerik | Co-treasurer |
| Armin Cantini | Member |
| David Gomez | Member |
| David Marshall | Member |
| Donna Lang | Member |
| Lauren Suderman Millo | Member |
| Paulie Gaido | Member |
| Peaches Kempner | Member |
| Robert Lynch | Member |
| Tikie Kriticos | Member |
| Victor Pierson | Member |
| Victor Sierpina | Member |
| Fred Raschke | Regent |
| Karen Flowers | Regent |
| Jeri Kinnear | Secretary/treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $295,424 |
| Other Expenses | $103,748 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Individuals | $295,424 | - | - | $295,424 |
| Fees for Service Investment Mgmnt Fees | - | $74,151 | - | $74,151 |
| Fees for Services Other | $13,200 | - | - | $13,200 |
| Other Expenses | $643 | - | - | $643 |
| Total Functional Expenses | $325,021 | $74,151 | $0 | $399,172 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $450,286 |
| Expenses per Audited Statements | $399,172 |
| Total Expenses per Form 990 | $399,172 |
| Expenses Not Reported on Form 990 | $51,114 |
| Expenses Not Reported on Financial Statements | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Form 990 is reviewed by the executive committee and upon signing the return.”
“Governing documents disclosure explanation documents are available on the website.”
“ROUNDING 1.”
“The organization accounts for uncertain tax positions, when it is more likely than not, that such an asset or a liability will be realized. As of august 31, 2018, management believes there were no uncertain tax positions.”
“ROUNDING 1.”
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/Desc | 0 | ORGANIZATION FORMED TO GENERATE SUPPORT FOR GALVESTON COLLEGE, GALVESTON, TEXAS, WITH A PRIMARY EMPHASIS ON PROVIDING UNIVERSAL ACCESS TO HIGHER EDUCATION. FUNDING WILL ENSURE THAT EVERY HIGH SCHOOL GRADUATE WHO IS A GALVESTON RESIDENT WILL HAVE ACCESS TO GALVESTON COLLEGE, REGARDLESS OF THEIR ABILITY TO PAY. |
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| IRS990/PYInvestmentIncomeAmt | 0 | 559039 |
| IRS990/PYOtherExpensesAmt | 0 | 85525 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 1178185 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 321494 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1499679 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 3622800 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 0 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 3226757 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 410241 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 1959844 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 3277871 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 979150 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 577308 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 3288369 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2180166 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 10302864 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 789524 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 559039 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 614858 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 329130 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 148620 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 2441171 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 5691 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 5691 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.32380 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.43730 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 4127854 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 6175010 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 3277871 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 979150 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 577308 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 3288369 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2180166 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 10302864 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 12749726 |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 13070409 |
| IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt | 0 | 1770300 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 15679915 |
| IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 413477 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 1252683 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 11226328 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt | 0 | 830277 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 13070409 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 258702 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 372956 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 10328939 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt | 0 | 553658 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 11226328 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 249025 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 439923 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 7551116 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt | 0 | 3147500 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 10328939 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 4525792 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt | 0 | 2162933 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 7551116 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 37500 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 49682 |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 51114 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 51114 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 51114 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 399172 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 475018 |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 1 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 8632849 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 1 | 4284351 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 2 | 1009111 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | MOODY BANK INVESTMENTS |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | FROST BANK INVESTMENTS |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 2 | FROST BANK TITLE V |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 1 | C |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 2 | C |
| IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct | 0 | 0.62470 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 526133 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 4021972 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS, WHEN IT IS MORE LIKELY THAN NOT, THAT SUCH AN ASSET OR A LIABILITY WILL BE REALIZED. AS OF AUGUST 31, 2018, MANAGEMENT BELIEVES THERE WERE NO UNCERTAIN TAX POSITIONS. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | ROUNDING 1. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TermEndowmentBalanceEOYPct | 0 | 0.37530 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 13926311 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 399172 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 4021972 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 4548105 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 450286 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 0 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 0 | 295424 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | STUDENT SCHOLARSHIPS & BOOKS AWARD |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc | 0 | SUPPORT FOR COMMUNITY COLLEGE |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 0 | 100 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc | 0 | CASH |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE AND UPON SIGNING THE RETURN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | GOVERNING DOCUMENTS DISCLOSURE EXPLANATION DOCUMENTS ARE AVAILABLE ON THE WEBSITE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ROUNDING 1. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART XI, LINE 9: |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 1 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.