2025-04-10T12:34:06-05:00 2024-08-31 752393478 WHITLEY PENN LLP 640 TAYLOR STREET SUITE 2200 FT WORTH TX 76102 990 2023-09-01 756029084 THE AMARILLO COLLEGE FOUNDATION AMAR 8063715007 PO BOX 447 AMARILLO TX 79178 CHRIS SHARP TREASURER 8063715007 2025-04-09 1 1 EMILY LANDRY P01614538 8172599100 2023 2025-03-06 01:10:19Z CHRIS SHARP PO BOX 447 AMARILLO TX 79178 8950397 0 X N/A X 1962 TX THE AMARILLO COLLEGE FOUNDATION IS A NON-PROFIT AND TAX EXEMPT FOUNDATION WHICH SEEKS TO PROMOTE EXCELLENCE AT AMARILLO COLLEGE. THE ORGANIZATION WAS ORGANIZED TO OBTAIN GIFTS AND GRANTS TO BE USED FOR THE DEVELOPMENT OF AMARILLO COLLEGE. THE ORGANIZATION AWARDS SCHOLARSHIPS AND MAKES LOANS TO STUDENTS AT AMARILLO COLLEGE WHO ARE WITHOUT BANKING OR OTHER CREDIT PRIVILEGES. 22 21 0 50 386 0 10099200 2790965 0 0 2280121 6065046 123973 94386 12503294 8950397 2292435 2499679 0 0 0 0 0 0 13668 1639768 1720447 3932203 4220126 8571091 4730271 80147664 91183526 395198 122037 79752466 91061489 THE AMARILLO COLLEGE FOUNDATION IS A NON-PROFIT AND TAX-EXEMPT FOUNDATION WHICH SEEKS TO PROMOTE EXCELLENCE AT AMARILLO COLLEGE. 0 0 3281214 2499679 THE PAYMENT OF STUDENT TUITION, FEES, BOOKS OR OTHER INSTITUTIONAL SUPPORT OF AMARILLO COLLEGE. 1,117 STUDENTS RECEIVED SCHOLARSHIPS OR AID MONEY. ONE GRANT WAS AWARDED TO NONPROFIT ENTITY. THERE IS NO SIGNIFICANT INVOLVEMENT IN ANY GRANT PROGRAMS. 3281214 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 125 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X TIFFANI CROSLEY 8063715007 PO BOX 447 AMARILLO TX 79178 CHRIS SHARP DIR. / TREASURER 0.75 40.00 X X 0 161372 23259 LESLEY INGHAM DIR. / FACULTY REP 0.75 40.00 X 0 82001 18726 EMILY HALL CHAIRMAN 0.75 X X 0 0 0 JOHN MCELYEA VICE CHAIRMAN 0.75 X X 0 0 0 MARK SHAFFER SECRETARY 0.75 X X 0 0 0 ALICIA RAFFKIND DIRECTOR 0.75 X 0 0 0 BEKAH MCWHORTER DIRECTOR 0.75 X 0 0 0 CHRIS JENSEN DIRECTOR 0.75 X 0 0 0 CONNIE WOOTTON DIRECTOR 0.75 X 0 0 0 COURTNEY VANDERHAM DIRECTOR 0.75 X 0 0 0 DAVID TERRY DIRECTOR 0.75 X 0 0 0 ERIC DARNELL DIRECTOR 0.75 X 0 0 0 GREG GRAHAM DIRECTOR 0.75 X 0 0 0 JENTRY WILLIAMS DIRECTOR 0.75 X 0 0 0 JOAN URBAN DIRECTOR 0.75 X 0 0 0 JOHNNY MIZE DIR. / AC BOARD REGENT 0.75 X 0 0 0 MICHELE FORTUNATO DIRECTOR 0.75 X 0 0 0 PATRICK LOVELADY DIRECTOR 0.75 X 0 0 0 PAULA GIBSON DIRECTOR 0.75 X 0 0 0 REGAN CAVINESS DIRECTOR 0.75 X 0 0 0 SHEILA SIMS DIRECTOR 0.75 X 0 0 0 TITIANA D FRAUSTO DIRECTOR 0.75 X 0 0 0 CHRISTINE SKINNER INTERIM PRESIDENT 0.75 40.00 X 0 184206 13794 JOE BILL SHERROD VP INST. ADVANCEMENT 0.75 40.00 X 0 164029 19196 TRACY DOUGHERTY COO 40.00 X 0 100196 17413 0 691804 92388 0 0 1 0 ANGELES INVESTMENT ADVISORS LLC 429 SANTA MONICA BLVD STE 650 SANTA MONICA CA 90401 INVESTMENT ACTIVITY 162341 1 2790965 49000 2790965 1456325 1456325 93756 93756 4608721 0 4608721 4608721 4608721 244 0 244 244 OIL & GAS WORKING INTEREST 211100 386 386 386 8950397 4608721 386 1550325 784429 784429 1715250 1715250 15550 15550 408892 408892 41191 41191 33841 30165 3428 248 75911 63513 8020 4378 40584 10488 30096 50679 47580 3099 459 459 438688 308 438380 OTHER EXPENSES 611083 586937 17779 6367 INSITUTIONAL SUPPORT 3569 1353 2216 4220126 3281214 925244 13668 191188 279256 417026 571738 7037575 5916713 16844 0 0 0 0 67211970 79981878 4704519 3831711 585386 585386 80147664 91183526 29432 67948 365766 54089 395198 122037 X 9962813 10723368 69789653 80338121 79752466 91061489 80147664 91183526 4730271 6578752 0 X X 0 1 X 1 0 X 2070710 1649374 5077792 10099200 2790965 21688041 2070710 1649374 5077792 10099200 2790965 21688041 1998692 19689349 637552 706579 1420656 1491958 1550081 5806826 386 386 12033 2013 7042 21088 27516341 0.71560 0.73400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52788493 159514 9173146 -1489491 60631662 47719290 6213927 -1144724 52788493 56626858 693783 -8789169 -812182 47719290 35457881 13668645 8603316 1102984 56626858 31218359 654676 4677418 1092572 35457881 0.58310 0.41690 0 0 0 DUE TO AMARILLO COLLEGE 54089 54089 X 15241900 6578752 121643 6700395 8541505 408892 408892 8950397 3932877 121643 121643 3811234 408892 408892 4220126 PART X, LINE 2: THE FOUNDATION, A NONPROFIT CORPORATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS EXEMPT FROM PAYING INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS TAXABLE INCOME. THE FOUNDATION IS NOT CLASSIFED BY THE INTERNAL REVENUE SERVICE (IRS) AS A PRIVATE FOUNDATION. THE FOUNDATION BELIEVES THAT IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. THE FOUNDATION'S FEDERAL TAX RETURNS FOR 2021, 2022, AND 2023 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART V, LINE 4 - INTENDED USES FOR ENDOWMENT FUNDS THE ORGANIZATION'S ENDOWMENT FUNDS REQUIRE THAT THE PRINCIPAL BE MAINTAINED PERMANENTLY AND THE INCOME FROM WHICH IS GENERALLY RESTRICTED TO PROVIDE FINANCIAL SUPPORT TO AMARILLO COLLEGE. PART X - FIN 48 FOOTNOTE THE FOUNDATION, A NONPROFIT CORPORATION DESCRIBED IN SECTION 501(C) (3) OF THE INTERNATIONAL REVENUE CODE, IS EXEMPT FROM PAYING INCOME TAXES PURSUANT TO SECTION 501 (A) IF THE CODE, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS TAXABLE INCOME. THE FOUNDATION IS NOT CLASSIFIED BY THE INTERNAL REVENUE SERVICE (IRS) AS A PRIVATE FOUNDATION. THE FOUNDATION BELIEVES THAT IS HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS INVESTMENTS 1552369 0 0 0 0 0 0 1552369 0 1552369 0 0 0 1 0 0 0 BAPTIST COMMUNITY SERVICES 701 PARK PLACE 2ND FLOOR AMARILLO TX 79101 752206268 501(C)(3) 22558 0 EDUCATIONAL PROGRAM AMARILLO JUNIOR COLLEGE DISTRICT PO BOX 79178 AMARILLO TX 79178 756000031 GOV 761871 0 COLLEGE EDUCATION 2 ACADEMIC SCHOLARSHIPS 1117 1715250 PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ANNUAL REPORTING IS REQUIRED FOR RECIPIENT ORGANIZATION. 0 0 0 0 0 0 0 0 0 CHRISTINE SKINNER INTERIM PRESIDENT 0 184206 0 0 0 0 0 11724 0 2070 0 198000 0 0 CHRIS SHARP DIR. / TREASURER 0 161372 0 0 0 0 0 10436 0 12823 0 184631 0 0 JOE BILL SHERROD VP INST. ADVANCEMENT 0 164029 0 0 0 0 0 10430 0 8766 0 183225 0 0 PART I, LINE 3 - RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION THE EXECUTIVE DIRECTORS' COMPENSATION PURSUANT TO A WRITTEN CONTRACT IS SUBJECT TO APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. THE AMARILLO COLLEGE FOUNDATION PAYS ITS RELATED ORGANIZATION, AMARILLO JUNIOR COLLEGE DISTRICT, A REIMBURSEMENT FEE FOR ITS EXECUTIVE DIRECTOR'S COMPENSATION. X 1 49000 FMV 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REFLECTS THE TOTAL NUMBER OF DONATIONS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS OF THIS ORGANIZATION IS COMPOSED OF NO MORE THAN 33 DIRECTORS INCLUDING THREE MEMBERS OF THE AMARILLO COLLEGE BOARD OF REGENTS, THE PRESIDENT AND THE VICE PRESIDENT OF BUSINESS AFFAIRS OF AMARILLO COLLEGE AND OTHER SELECTED MEMBERS OF THE FOUNDATION WHO ARE NOT DIRECTLY AFFILIATED WITH AMARILLO COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 FOR THIS COMPANY WAS PREPARED BY AN OUTSIDE CPA FIRM, AND REVIEWED BY AUDIT COMMITTEE PRIOR TO SIGNING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY WAS DISTRIBUTED TO EACH DIRECTOR. THE DIRECTORS WERE ASKED TO COMPLETE AND RETURN TO THE ORGANIZATION TO BE REVIEWED AND KEPT ON FILE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE FORM 990. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. AMARILLO JUNIOR COLLEGE DISTRICT PO BOX 79178 AMARILLO TX 79178 756000031 COLLEGE EDUCATION TX GOV 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 AMARILLO JUNIOR COLLEGE DISTRICT B 761871 CASH AMARILLO JUNIOR COLLEGE DISTRICT E 54089 CASH