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THE FOUNDATION'S PRIMARY PURPOSE IS TO PROVIDE SCHOLARSHIPS TO QUALIFIED INDIVIDUALS FOR ELIGIBLE EDUCATIONAL EXPENSES CONSISTING OF TUITION AND FEES, BOOKS AND SUPPLIES, ROOM AND BOARD AND INCIDENTAL EXPENSES RELATED TO ATTENDANCE AT AN ACCREDITED EDUCATIONAL INSTITUTION IN THE STATE OF TEXAS OFFERING AN ACADEMIC DEGREE PROGRAM OF AT LEAST TWO YEARS SCHOOL ATTENDANCE.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$8.8M
Program Spending
63%
of total expenses go to program services
Total Contributions
$0
Total Expenses
▼$7M
Total Assets
$174.8M
Total Liabilities
▼$269K
Net Assets
$174.6M
Officer Compensation
→N/A
Other Salaries
$1.3M
Investment Income
$8.7M
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
4
Clean Audits
2
Material Weakness
Yes
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2019 | Material Weakness | Unmodified (Clean) | $474.5M | No | 2020-05-11 |
| 2018 | Material Weakness | Qualified | $765.8M | No | 2019-05-16 |
| 2017 | Clean | Unmodified (Clean) | $813.2M | Yes | 2018-03-20 |
| 2016 | Clean | Unmodified (Clean) | $935.4M | Yes | 2017-02-28 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$474.5M
Financial Report
Qualified
Federal Expenditure
$765.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$813.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$935.4M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $8.8M | $0 | $7M | $174.8M | $174.6M |
| 2023IRS e-File | $6.2M | $0 | $6.2M | $166.1M | $165.9M |
| 2022 | $5M | $0 | $5.1M | $153.4M | $153.2M |
| 2021 | $13M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Jimmy Parker | President/ce | 40 | $241.7K | $0 | $34.4K | $276K |
| Zach Bell | CFO | 40 | $153.2K | $0 | $33.8K | $187.1K |
| Rita Craddock | Board Chair | 2 | $0 | $0 | $0 | $0 |
| Tammy Roark | Vice Chair | 2 | $0 | $0 | $0 | $0 |
| Lynda Tinsley | Board Secret | 2 | $0 | $0 | $0 | $0 |
Jimmy Parker
President/ce
$276K
Hrs/Wk
40
Compensation
$241.7K
Related Orgs
$0
Other
$34.4K
Zach Bell
CFO
$187.1K
Hrs/Wk
40
Compensation
$153.2K
Related Orgs
$0
Other
$33.8K
Rita Craddock
Board Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Tammy Roark
Vice Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Lynda Tinsley
Board Secret
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Jan Benton | Director | 2 | $0 | $0 | $0 | $0 |
| Michael P Ryan | Director | 2 | $0 | $0 | $0 | $0 |
Jan Benton
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Michael P Ryan
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $0 |
| $3.9M |
| $182.5M |
| $181.5M |
| 2020 | $32.3M | $0 | $32.5M | $139.8M | $139.8M |
| 2019 | $37.8M | $0 | $36.2M | $532.6M | $113M |
| 2018 | $43.2M | $0 | $40.7M | $861.9M | $111.3M |
| 2017 | $35M | $0 | $32M | $940.5M | $108.8M |
| 2016 | $35.1M | $0 | $31.1M | $1B | $105.7M |
| 2015 | $34.3M | $0 | $31.9M | $1.1B | $101.8M |
| 2014 | $32.3M | $0 | $29M | $1B | $99.3M |
| 2013 | $32M | $0 | $31.9M | $1.2B | $103M |
| 2012 | $41.8M | $0 | $42.7M | $1.4B | $102.9M |
| 2011 | $49.4M | $0 | $46.2M | $1.6B | $103.8M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |