Nonprofit · EIN 23-7298265
LAMAR UNIVERSITY FOUNDATION INC
Tax-exempt · BEAUMONT, TX 77710
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $7,219,313 | $6,216,087 | $1,003,226 | $163,920,461 | $4,977,786 | $158,942,675 |
| August 31, 2024 | 990 | $14,317,021 | $6,617,644 | $7,699,377 | $151,399,653 | $4,365,137 | $147,034,516 |
| August 31, 2023 | 990 | $9,209,579 | $5,628,976 | $3,580,603 | $128,290,438 | $1,548,480 | $126,741,958 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $4,256,676
- Program service revenue
- $0
- Investment income
- $3,436,864
- Royalties
- $147,991
- Net gain from sales of assets
- $2,996,541
- Other revenue
- -$474,227
Expenses
- Grants and similar amounts paid
- $3,185,995
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $14,170
- Accounting fees
- $18,170
- Travel
- $143,323
- Depreciation
- $919
- Program services (functional)
- $5,274,314
- Management and general (functional)
- $647,127
- Fundraising (functional)
- $294,646
Balance sheet and other
- Total assets, start of year
- $151,399,653
- Total assets, end of year
- $163,920,461
- Total liabilities, end of year
- $4,977,786
- Net assets, end of year
- $158,942,675
- Land, buildings and equipment
- $2,147
- Publicly traded securities
- $126,812,276
- Net assets without donor restrictions
- $4,933,585
- Net assets with donor restrictions
- $154,009,090
- Gross receipts
- $32,205,680
- Employees
- 0
- Volunteers
- 21
- Year formed
- 1972
- 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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Juan J Zabala | CEO Officer | 6 | $0 | $206,218 | $39,372 |
| Karen Nichols | COO Officer | 34 | $0 | $88,584 | $7,497 |
| Fred Vernon II | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| J Pat Parsons | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jared Boudreaux | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Michael L Burrow | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Yolanda Conyers | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Rena Clark | Secy/Com Chair Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Jerry Dearing | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Vernon Durden | Trste/Com Chair Trustee or director | 3 | $0 | $0 | $0 |
| Phillip E Fuller | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Terry Garth | Vice Chairman Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Ann Die Hasselmo | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Gisela Houseman | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Mike Jenkins | Trustee Trustee or director | 1 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carmen Jordan | Trustee Trustee or director | 1 | $0 |
| Clayton Lau | Trustee Trustee or director | 1 | $0 |
| Catherine Long | Trustee Trustee or director | 1 | $0 |
| Becky Mason | Chairman Trustee or director, Officer | 3 | $0 |
| Larry Norwood | Trste/Com Chair Trustee or director | 3 | $0 |
| Lori Ryerkerk | Trustee Trustee or director | 1 | $0 |
| Don Shaver | Past Chairman Trustee or director, Officer | 3 | $0 |
| Joe Vernon | Treas/Com Chair Trustee or director, Officer | 3 | $0 |
990 for the year ended August 31, 2024: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Juan J Zabala | CEO Officer | 6 | $0 | $196,898 | $38,208 |
| Karen Nichols | COO Officer | 34 | $0 | $75,497 | $7,497 |
| Fred Vernon II | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Elaine Henry | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| J Pat Parsons | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jared Boudreaux | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Michael L Burrow | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Yolanda Conyers | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Rena Clark | Secy/Com Chair Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Jerry Dearing | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Vernon Durden | Trste/Com Chair Trustee or director | 3 | $0 | $0 | $0 |
| Phillip E Fuller | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Terry Garth | Vice Chairman Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Ann Die Hasselmo | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Gisela Houseman | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Mike Jenkins | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Carmen Jordan | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Clayton Lau | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Catherine Long | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Becky Mason | Chairman Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Larry Norwood | Trste/Com Chair Trustee or director | 3 | $0 | $0 | $0 |
| Ellen Rienstra | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Lori Ryerkerk | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Don Shaver | Past Chairman Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Mike Turner | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Joe Vernon | Treas/Com Chair Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Herman Wilson Jr | Trustee Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended August 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Juan J Zabala | CEO Officer | 6 | $0 | $173,986 | $33,432 |
| Karen Nichols | COO Officer | 34 | $0 | $69,771 | $7,498 |
| J Mark Smith | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Elaine Henry | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| J Pat Parsons | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Sandra F Clark | Trste/Com Chair Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Michael L Burrow | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Rena Clark | Trste/Com Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jerry Dearing | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Vernon Durden | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Phillip E Fuller | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Terry Garth | Trste/Com Chair Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Ann Die Hasselmo | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Gisela Houseman | Secretary Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Mike Jenkins | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Carmen Jordan | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Clayton Lau | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Catherine Long | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Becky Mason | Vice Chairman Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Larry Norwood | Trste/Com Chair Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Ellen Rienstra | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Michael Roebuck Sr | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Lori Ryerkerk | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Don Shaver | Chairman Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Mike Turner | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Joe Vernon | Treasurer Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Herman Wilson Jr | Trustee Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 11500, BEAUMONT, TX 77710-1500
- Principal officer (990 for 2024)
- Juan J Zabala, P O Box 11500, Beaumont, TX 77710
- Signed the 990
- Juan J Zabala, CEO
- Phone
- (409) 880-2117
- Return prepared by
- Wathen DeShong & Juncker LLP
Mission
The Foundation supports the development and promotion of Lamar University, its students, faculty and staff. The Lamar University Foundation supports and enhances Lamar University by encouraging the commitment of personal and financial resources to further the education of Lamar University students. The Foundation promotes the stewardship of donors to enhance the quality of services provided by the University to student, faculty, alumni and friends. The Lamar University Foundation manages the investments, serves as trustee of the endowment funds and other private assets contributed for the benefit of Lamar University.
Program accomplishments
- Scholarships provided to Lamar University students as specified by donor restrictionsExpenses $3,185,995 · grants $3,185,995
- Other support provided to Lamar University students and student organizations as specified by donor restrictionsExpenses $1,388,110
- Support provided to Lamar University faculty as specified by donor restrictionsExpenses $561,839
- Other support provided to Lamar University programs as specified by donor restrictionsExpenses $138,370
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 23-7298265
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1973
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $163,920,461
- Income (IRS master file)
- $32,205,680
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $7,219,313 | $6,216,087 | $163,920,461 | XML |
| 990 | August 2024 | $14,317,021 | $6,617,644 | $151,399,653 | XML |
| 990 | August 2023 | $9,209,579 | $5,628,976 | $128,290,438 | XML |
| 990 | August 2022 | $9,189,349 | $5,492,343 | $120,036,714 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | 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 23-7298265).
Questions about LAMAR UNIVERSITY FOUNDATION INC
- What is the EIN of LAMAR UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of LAMAR UNIVERSITY FOUNDATION INC is 23-7298265.
- Is LAMAR UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to LAMAR UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAMAR UNIVERSITY FOUNDATION INC 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 LAMAR UNIVERSITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAMAR UNIVERSITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of LAMAR UNIVERSITY FOUNDATION INC?
- The 990 for the year ended August 31, 2025 names Juan J Zabala.
- Who are the officers and directors of LAMAR UNIVERSITY FOUNDATION INC?
- The 990 for the year ended August 31, 2025 lists 23 people; 0 received compensation from the organization.
- How much revenue does LAMAR UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $7,219,313, expenses of $6,216,087 and total assets of $163,920,461 at year end.
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