Wharton County Junior College Foundation: Nonprofit Profile, Financials & Form 990 (EIN 74-6062916)

Revenue by fiscal year
FY2020	$100K
FY2021	$158K
FY2022	$185K
FY2024	$335K
FY2025	$846K

Expenses by fiscal year
FY2020	$42K
FY2021	$73K
FY2022	$170K
FY2024	$626K
FY2025	$550K

Net assets by fiscal year
FY2020	$1.4M
FY2021	$1.6M
FY2022	$1.4M
FY2024	$1.4M
FY2025	$1.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1964.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

69%

31%

Program services 69% · $378K Management & general 31% · $172K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Jonathon Jeter

Director

$0Pt VII · Sec A

Gary Gillen

President

$0Pt VII · Sec A

Johnny Veselka

Treasurer

$0Pt VII · Sec A

Bruce Krauskopf

Vice-President

$0Pt VII · Sec A

Becky Cook

Secretary

$0Pt VII · Sec A

See Wharton County Junior College Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports educational programs and raises awareness for a local college.

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Provided by the organization

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1 program · $378K · in their own filed words · FY2024

01

Annual funarasing event is held to raise funds for the benefit of wharton county junior college and to raise awareness of the college and its educational programs and facilities.

$378Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2025

Chesmar FoundationFY2025$216K

Total grants receivedfrom 1 funder$216K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$846K

Ln 12

Gifts and grantsLn 1h$730K

Other incomeLn 4–11$64K

Investment incomeLn 3$51K

Money outPt IX

$550K

Ln 25

Programscol B$378K

Managementcol C$172K

Owns and owesPt X

$1.8M

net assets · Ln 32

Cash and savingsLn 1–2$1.8M

Total assetsLn 16$1.8M

LiabilitiesLn 26$7K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a11

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$730K

Investment incomeLn 3$51K

Other incomeLn 4–11$64K

Gains on assetsLn 7$21K

Total revenueLn 12$846K

Assets in detailPt X, end of year

CashLn 1$89K

SavingsLn 2$1.7M

Cash and savings togetherLn 1–2$1.8M

Total assetsLn 16$1.8M

LiabilitiesLn 26$7K

Net assetsLn 32$1.8M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderAugust

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$1.4M	$1.8M
Total assetsLn 16	$1.4M	$1.8M
LiabilitiesLn 26	$0	$7K
Net assetsLn 32	$1.4M	$1.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$950		$950
Advertising and promotionLn 12	$24K		$24K
Office expensesLn 13	$13K		$13K
TravelLn 17	$227		$227
InsuranceLn 23	$600		$600
Other expenses (24a–d)Ln 24	$504K	$378K	$126K
All other expensesLn 24e	$7K		$7K
Total functional expensesLn 25	$550K	$378K	$172K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$846K	$550K	$296K	$1.8M	990 PDF
FY2024	$335K	$626K	−$291K	$1.4M	990 PDF
FY2023	Not on file
FY2022	$185K	$170K	$15K	$1.4M	990 PDF
FY2021	$158K	$73K	$85K	$1.6M	990 PDF
FY2020	$100K	$42K	$57K	$1.4M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $845,763 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $316,580$730,363

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $18,402$50,961

I-11 Other revenuePrior year $0$64,439

I-12 Total revenuePrior year $334,982$845,763

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $625,536$550,210

I-18 Total expensesPrior year $625,536$550,210

I-19 Revenue less expensesPrior year −$290,554$295,553

Part VI · Governance 11 of 11 board members independent, 3 to look at

VI-1a Voting members of the governing body11

VI-1b Independent voting members11

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $845,763 across 6 lines filed

VIII-1f All other contributions, gifts and grants$730,363

VIII-1h Total contributions, gifts and grants$730,363

VIII-3 Investment incomeRelated to mission $29,562$29,562

VIII-7 Net gain or loss on sales of assetsRelated to mission $21,399$21,399

VIII-8 Net income from fundraising eventsExcluded from tax $64,439$64,439

VIII-12 Total revenueRelated to mission $50,961 · Unrelated business $0 · Excluded from tax $64,439$845,763

Part IX · Statement of functional expenses $550,210 across 7 lines filed

IX-11c Accounting feesManagement $950$950

IX-12 Advertising and promotionManagement $24,460$24,460

IX-13 Office expensesManagement $13,414$13,414

IX-17 TravelManagement $227$227

IX-23 InsuranceManagement $600$600

IX-24 Other expenses (24a–d)Programs $378,169 · Management $125,776$503,945

IX-24e All other expensesManagement $6,614$6,614

IX-25 Total functional expensesPrograms $378,169 · Management $172,041 · Fundraising $0$550,210

Part X · Balance sheet $1,781,433 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $87,492$88,822

X-2 Savings and temporary cash investmentsStart of year $1,280,711$1,692,611

X-16 Total assetsStart of year $1,368,203$1,781,433

X-25 Other liabilitiesStart of year $0$6,994

X-26 Total liabilitiesStart of year $0$6,994

X-27 Net assets without donor restrictionsStart of year $1,093,203$732,402

X-28 Net assets with donor restrictionsStart of year $275,000$1,042,037

X-32 Total net assets or fund balancesStart of year $1,368,203$1,774,439

X-33 Total liabilities and net assetsStart of year $1,368,203$1,781,433

Part XI · Reconciliation of net assets $1,774,439 net assets at year end

XI-1 Total revenue$845,763

XI-2 Total expenses$550,210

XI-3 Revenue less expenses$295,553

XI-4 Net assets at start of year$1,368,203

XI-5 Net unrealized gains (losses) on investments$110,683

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,774,439

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Wharton County Junior College Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Wharton County Junior College Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV