2024-06-18T17:08:31-07:00 2023-08-31 990 2022-09-01 264582966 TEXAS MATCH THE PROMISE FOUNDATION TEXA 5124632072 111 E 17th Street Austin TX 787011448 Allison Mansfield Board Secretary 5124632072 2024-06-18 Allison Mansfield 999009999 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z Glenn Hegar-St Comptroller-Pres PO Box 13528 Capitol Station Austin TX 787013528 200084 0 X www.matchthepromise.org X 2009 TX To award scholarships to eligible students with accounts in TX's 529 prepaid tuition plan for use in purchasing additional tuition units or accruing matching funds as allowed by state law. Students will have to meet eligibility requirements related to need and academic performance. 5 5 0 0 0 0 297739 196715 0 0 650 3369 0 0 298389 200084 0 0 0 0 0 0 0 0 0 81321 56985 81321 56985 217068 143099 1740149 1940084 704403 761239 1035746 1178845 The organization's purpose is to provide matching education and scholarship funds to students for attaining higher education. Individuals and companies can make donations to the foundation to be used to supplement the college savings of families with demonstrated need who own accounts in the state's prepaid tuition plan, the Texas Tuition Promise Fund. 0 0 56836 0 196715 During the fiscal year, the organization funded scholarships for 35 Texas schoolchildren who each received matching Texas Tuition Promise Fund tuition units worth up to $2,000 and 13 of those top-ranking applicants were recognized with an additional scholarship grant of tuition units worth $3,000 each. 0 0 0 56836 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 X Benito Navarro 5124632072 111 E 17th Street 9th Floor Suite 910E Austin TX 78701 X Glenn Hegar President-Texas Comptroller of Public Accounts 0.5 0 X X 0 0 0 Allison Mansfield Secretary 2.00 0 X X 0 0 0 Don Baylor Jr Director 0.10 0 X 0 0 0 Harrison Keller PhD Director 0.10 0 X 0 0 0 Bruce Walker EdD Director 0.10 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 196715 0 196715 0 0 0 0 0 3369 3369 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 200084 3369 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bank Fees 149 0 149 0 Scholarship Awards 56836 56836 0 0 0 0 0 0 56985 56836 149 0 0 0 54257 76521 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5755 8490 0 0 0 0 1680137 1855073 1740149 1940084 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 704403 761239 704403 761239 X 1035746 1178845 0 0 1035746 1178845 1740149 1940084 143099 0 0 0 0 0 X X 1 X 1 X 0 0 X 200775 201738 218538 297739 196715 1115505 0 0 0 0 0 0 0 0 0 0 0 0 200775 201738 218538 297739 196715 1115505 0 1115505 2071 1244 566 650 3369 7900 0 0 0 0 0 0 0 0 0 0 0 0 1123405 0 0.99297 0.99485 X Schedule A, Part II, Line 10 Schedule A, Part II, Line 10 - Part II, line 10 Other revenue of $5.00 is a State of Texas warrant that was voided by statute of limitations. When the warrant was voided, the funds were returned to the Foundation. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Type I Tuition units In Texas Tuition Promise Fund (Purchased for Scholarships) 1854756 Interest Receivable 317 1855073 0 Scholarship Awards Payable 761239 761239 X 200084 0 0 0 0 0 200084 0 0 0 200084 56985 0 0 0 0 0 56985 0 0 0 56985 Schedule D, Part X, Line 2 Other Liabilities includes scholarships awarded by the Foundation and payable to beneficiaries participating in the Texas Tuition Promise Fund. The Foundation owns the awarded units and redeems them as participants request units to pay for tuition and required fees. Form 990, Part VI, Section A, Line 7a The Texas Comptroller of Public Accounts is the President and Chair of the Board and has the authority to appoint and remove Directors and Officers of the Foundation. Form 990, Part VI, Section A, Line 9 Don Baylor, Jr., Managing Director-Lafayette Square, 1801 Pennsylvania Ave. NW, Washington DC 20006, Harrison Keller, Ph.D., Commissioner of Higher Education, Texas Higher Education Coordinating Board, PO Box 12788, Austin, TX 78711, Bruce Walker, Ed.D., 4829 Eagle Feather Drive, Austin, TX 78735. Form 990, Part VI, Section B, Line 11b Employees of the Texas Comptroller's Office responsible for preparing Form 990 and supporting schedules route completed return through senior management and internal legal counsel for internal review; once internal review is complete the return is forwarded to the foundation's Secretary for signature. Form 990, Part VI, Section B, Line 12c On an annual basis, each Director and Officer must sign a statement affirming they have received and understand the conflict of interest policy and agree to comply with the policy. Form 990, Part VI, Section C, Line 19 The foundation's governing documents and conflict of interest policy are made available to the public upon request. The foundation's financial statements are included as a discretely presented component unit in the consolidated Financial statements of the Texas Prepaid Higher Education Tuition Board (an agency of the State of Texas). These statements are posted at http://www.tgtp.org/reports/. Form 990, Part VII, Section A, Line 1a Employees of the Texas Comptroller of Public Accounts, a state agency, provide staff support to the organization at no cost to the organization. Form 990, Part XII, Line 2c There was no change to the oversight or selection process of the foundation's audit or compilation of its financial statements. The foundation is included as part of the audit of the Texas Prepaid Higher Education Tuition Board (Board) and it is included as a discretely presented component unit of the Board. The auditors are selected by the Board through a competitive bid process. The Match the Promise Foundation's directors review and approve the audited financial statements for the foundation at the annual meeting of the directors. A copy of the board of director's audited financial statements is included. Texas Comptroller of Public Accounts 111 E 17th Street Austin TX 78701 742785637 Tax Collection TX N/A 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 Texas Comptroller of Public Accounts c 100000 Gift Amount Texas Comptroller of Public Accounts h 174788 Cost to Purchase Tuition Units from Texas Tuition Promise Fund. NOTE-Texas Comptroller of Public Accounts-Texas Tuition Promise Fund, IRS Code 529 plan administered by the Tx. Prepaid Higher Education Tuition Board-Comptroller is Chairman of the Board.