Nonprofit · EIN 23-7025386
PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION
Tax-exempt · CANYON, TX 79015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,759,275 | $7,046,781 | $1,712,494 | $174,847,285 | $268,961 | $174,578,324 |
| December 31, 2023 | 990 | $6,170,024 | $6,217,491 | -$47,467 | $166,113,977 | $253,349 | $165,860,628 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $28,160
- Investment income
- $8,731,115
- Net gain from sales of assets
- $4,319,980
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,861,842
- Other salaries and wages
- $1,347,473
- Salaries, compensation and benefits (total)
- $1,717,842
- Professional fundraising fees
- $0
- Legal fees
- $15,724
- Accounting fees
- $45,300
- Occupancy
- $139,663
- Travel
- $27,540
- Depreciation
- $159,569
- Program services (functional)
- $4,425,261
- Management and general (functional)
- $2,621,520
Balance sheet and other
- Total assets, start of year
- $166,113,977
- Total assets, end of year
- $174,847,285
- Total liabilities, end of year
- $268,961
- Net assets, end of year
- $174,578,324
- Land, buildings and equipment
- $3,617,994
- Net assets without donor restrictions
- $174,578,324
- Gross receipts
- $15,638,275
- Employees
- 12
- Year formed
- 1979
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JIMMY PARKER | PRESIDENT/CE Trustee or director, Officer | 40 | $241,671 | $34,351 |
| ZACH BELL | CFO Trustee or director, Officer | 40 | $153,221 | $33,839 |
| RITA CRADDOCK | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| TAMMY ROARK | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LYNDA TINSLEY | BOARD SECRET Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL P RYAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAN BENTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JIMMY PARKER | PRESIDENT/CE Trustee or director, Officer | 40 | $233,208 | $33,169 |
| ZACH BELL | CFO Trustee or director, Officer | 40 | $147,921 | $32,986 |
| JAN BENTON | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| RITA CRADDOCK | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| TAMMY ROARK | BOARD SECRET Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL P RYAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LYNDA TINSLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3000 FM 2590, CANYON, TX 79015-1811
- Principal officer (990 for 2024)
- JIMMY PARKER, 3000 FM 2590, CANYON, TX 79015
- Signed the 990
- JIMMY PARKER, PRESIDENT/CEO
- Phone
- (806) 324-4100
- Website
- WWW.PPHEF.ORG
- Return prepared by
- JOHNSON & SHELDON PLLC
Mission
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.
Program accomplishments
- 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.Expenses $4,259,427 · grants $3,861,842
- THE FOUNDATION PROVIDES SERVICES TO PUBLIC AND NON-PROFIT INSTITUTIONS OF HIGHER EDUCATION, INCLUDING LOAN BILLING, ANALYSIS OF STUDENT LOAN DEFAULT RATES AND PROVIDING STATE MANDATED STUDENT LOAN DEBT DISCLOSURE NOTICES TO STUDENTS CONCERNING THEIR OUTSTANDING FEDERAL AND/OR STATE STUDENT LOAN DEBT.Expenses $80,287 · revenue $28,160
- THE FOUNDATION PROMOTES EDUCATIONAL OPPORTUNITIES AND EDUCATIONAL ASSISTANCE FOR RESIDENTS IN THE STATE OF TEXAS. EDUCATIONAL OPPORTUNITIES CONSISTS PRIMARILY OF PROVIDING OUTREACH TO STUDENTS AND PARENTS CONCERNING FINANCIAL AID OPPORTUNITIES TO ASSIST WITH THE COST OF ATTENDING COLLEGE. EDUCATIONAL ASSISTANCE CONSISTS PRIMARILY OF PROVIDING INFORMATION TO STUDENTS AND PARENTS ABOUT FINANCIAL AID OPPORTUNITIES THAT MAY BE AVAILABLE AT THE FEDERAL OR STATE LEVEL, HOW AND WHEN TO APPLY, AND ASSISTANCE IN COMPLETING THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). THE FOUNDATION ALSO PROVIDES LOAN BORROWERS ASSISTANCE WITH REPAYMENT OPTIONS THAT MAY BE AVAILABLE TO THEM TO MITIGATE DELINQUENCIES/DEFAULTS.Expenses $85,547
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7025386
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1981
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $174,847,285
- Income (IRS master file)
- $15,638,275
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,759,275 | $7,046,781 | $174,847,285 | XML |
| 990 | December 2023 | $6,170,024 | $6,217,491 | $166,113,977 | XML |
| 990 | December 2022 | $4,976,997 | $5,135,823 | $153,414,797 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7025386).
Questions about PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION
- What is the EIN of PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION?
- The employer identification number (EIN) of PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION is 23-7025386.
- Is PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names JIMMY PARKER.
- Who are the officers and directors of PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $241,671 (JIMMY PARKER, PRESIDENT/CE).
- How much revenue does PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,759,275, expenses of $7,046,781 and total assets of $174,847,285 at year end.
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