Howard College Foundation: Nonprofit Profile, Financials & Form 990 (EIN 75-1732455)

Revenue by fiscal year
FY2020	$636K
FY2021	$1.6M
FY2022	$480K
FY2023	$374K
FY2024	$430K
FY2025	$398K

Expenses by fiscal year
FY2020	$171K
FY2021	$300K
FY2022	$300K
FY2023	$1.1M
FY2024	$188K
FY2025	$158K

Net assets by fiscal year
FY2020	$4.8M
FY2021	$6.7M
FY2022	$6.2M
FY2023	$5.7M
FY2024	$6.7M
FY2025	$7.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1981.

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

Where the money goes

96 cents of each dollar spent went to programs.

96%

Program services 96% · $152K Management & general 4% · $6K

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

16 people listed on the 990.

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

Bob Moore

Vice President

$0Pt VII · Sec A

Jordan Partee

Director

$0Pt VII · Sec A

Mark Morgan

Director

$0Pt VII · Sec A

Justin Myers

Treasurer

$0Pt VII · Sec A

Roy Worthy

President

$0Pt VII · Sec A

Rodney Bomar

Director

$0Pt VII · Sec A

Jeanie Coor

Director

$0Pt VII · Sec A

Cheryl Sparks

Director

$0Pt VII · Sec A

See Howard 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

Funds grants and scholarships for Howard County Junior College.

Provided by the organization

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1 program · $152K · in their own filed words · FY2024

01

Scholarships and grants for howard county junior college. The foundation only provides funding; all administration of awards is performed by the college.

$152Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2025

Permian Pipeliners Education FoundationFY2025$15K

Total grants receivedfrom 1 funder$15K

Grants paid · 2 grants · $469K · 2019–2020

Howard CollegeFY2020$298,551

Howard CollegeFY2019$170,247

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$398K

Ln 12

Gifts and grantsLn 1h$238K

Investment incomeLn 3$160K

Money outPt IX

$158K

Ln 25

Programscol B$152K

Managementcol C$6K

Owns and owesPt X

$7.5M

net assets · Ln 32

Cash and savingsLn 1–2$448K

Total assetsLn 16$7.5M

LiabilitiesLn 26$0

PeoplePt VI, VII

16

listed · VII A

PaidVII A0

Voting boardVI 1a15

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$238K

Investment incomeLn 3$160K

Total revenueLn 12$398K

Assets in detailPt X, end of year

CashLn 1$448K

Cash and savings togetherLn 1–2$448K

InvestmentsLn 11–13$7.1M

Land, buildings, equipmentLn 10c$1K

Total assetsLn 16$7.5M

LiabilitiesLn 26$0

Net assetsLn 32$7.5M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderAugust

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$456K	$448K
InvestmentsLn 11–13	$6.3M	$7.1M
Land, buildings, equipmentLn 10c	$1K	$1K
Total assetsLn 16	$6.7M	$7.5M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$6.7M	$7.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$152K	$152K
Accounting feesLn 11c	$4K		$4K
Office expensesLn 13	$1K		$1K
InsuranceLn 23	$1K		$1K
Total functional expensesLn 25	$158K	$152K	$6K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$398K	$158K	$241K	$7.5M	990 PDF
FY2024	$430K	$188K	$242K	$6.7M	990 PDF
FY2023	$374K	$1.1M	−$723K	$5.7M	990 PDF
FY2022	$480K	$300K	$180K	$6.2M	990 PDF
FY2021	$1.6M	$300K	$1.3M	$6.7M	990 PDF
FY2020	$636K	$171K	$465K	$4.8M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2025 990 (6 parts)

Part I · Summary $398,316 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $288,352$238,251

I-9 Program service revenue$0

I-10 Investment incomePrior year $142,140$160,065

I-11 Other revenue$0

I-12 Total revenuePrior year $430,492$398,316

I-13 Grants and similar amounts paidPrior year $187,335$151,963

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $1,037$5,742

I-18 Total expensesPrior year $188,372$157,705

I-19 Revenue less expensesPrior year $242,120$240,611

Part VI · Governance 15 of 15 board members independent, 1 to look at

VI-1a Voting members of the governing body15

VI-1b Independent voting members15

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

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $398,316 across 5 lines filed

VIII-1f All other contributions, gifts and grants$238,251

VIII-1h Total contributions, gifts and grants$238,251

VIII-3 Investment incomeExcluded from tax $160,065$160,065

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $160,065$398,316

Part IX · Statement of functional expenses $157,705 across 4 lines filed

IX-1 Grants to domestic organizationsPrograms $151,963$151,963

IX-11c Accounting feesManagement $3,500$3,500

IX-13 Office expensesManagement $1,174$1,174

IX-23 InsuranceManagement $1,068$1,068

IX-25 Total functional expensesPrograms $151,963 · Management $5,742 · Fundraising $0$157,705

Part X · Balance sheet $7,504,524 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $455,669$447,776

X-10c Land, buildings and equipment, netStart of year $1,030$1,030

X-11 Publicly traded securitiesStart of year $6,285,448$7,055,718

X-16 Total assetsStart of year $6,742,147$7,504,524

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $1,209,406$1,359,684

X-28 Net assets with donor restrictionsStart of year $5,532,741$6,144,840

X-32 Total net assets or fund balancesStart of year $6,742,147$7,504,524

X-33 Total liabilities and net assetsStart of year $6,742,147$7,504,524

Part XI · Reconciliation of net assets $7,504,524 net assets at year end

XI-1 Total revenue$398,316

XI-2 Total expenses$157,705

XI-3 Revenue less expenses$240,611

XI-4 Net assets at start of year$6,742,147

XI-5 Net unrealized gains (losses) on investments$521,766

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$7,504,524

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

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Howard 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

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV