Nonprofit · EIN 74-2841175
TEXAS PREPAID TUITION SCHOLARSHIP FOUNDATION
Tax-exempt · AUSTIN, TX 78704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-EZ | $11,076 | $0 | $11,076 | $42,704 | $0 | $42,704 |
| August 31, 2024 | 990-EZ | $1,458 | $0 | $1,458 | $78,589 | $46,961 | $31,628 |
| August 31, 2023 | 990-EZ | $1,089 | $0 | $1,089 | $76,807 | $46,637 | $30,170 |
Financial details: 990-EZ for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,467
- Other revenue
- $9,609
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
Balance sheet and other
- Total assets, start of year
- $78,589
- Total assets, end of year
- $42,704
- Total liabilities, end of year
- $0
- Net assets, end of year
- $42,704
- Cash, savings and investments
- $42,554
- Gross receipts
- $11,076
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-EZ for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kelly Hancock | Executive Director | 0 | $0 |
| George McShan | Chairman | 0 | $0 |
| Carol Magee | Vice-Chair | 0 | $0 |
| Elizabeth S Pulido | Treasurer | 0 | $0 |
| Troy W Simmons | Director | 0 | $0 |
| Linda A Fernandez | Division Director-Key Employee | 0 | $0 |
990-EZ for the year ended August 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Glenn Hegar | Executive Director | 0 | $0 |
| George McShan | Chairman | 0 | $0 |
| Carol Magee | Vice-Chair | 0 | $0 |
| Elizabeth S Pulido | Treasurer | 0 | $0 |
| Troy W Simmons | Director | 0 | $0 |
| Linda A Fernandez | Division Director-Key Employee | 0 | $0 |
990-EZ for the year ended August 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Glenn Hegar | Executive Director | 0 | $0 |
| George McShan | Chairman | 0 | $0 |
| Carol Magee | Vice-Chair | 0 | $0 |
| Elizabeth S Pulido | Treasurer | 0 | $0 |
| Troy W Simmons | Director | 0 | $0 |
| Linda A Fernandez | Director-Key Employee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 111 E 17TH ST, AUSTIN, TX 78704-0000
- In care of
- % GEORGE MCSHAN
- Signed the 990-EZ
- Kelly Hancock, Executive Director
- Phone
- (512) 463-2072
Mission
Award Scholarships
Program accomplishments
- The organization's main purpose is to award prepaid tuition scholarships to residents of the state of Texas. During the year ending August 31, 2025 the organization did not award any new scholarships. The last remaining scholarship contract expired upon the 10 years anniversary from the recipients projected graduation date.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-EZ on file |
IRS record
- EIN
- 74-2841175
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1998
- Accounting year ends
- August
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $42,704
- Income (IRS master file)
- $11,076
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | August 2025 | $11,076 | $0 | $42,704 | XML |
| 990-EZ | August 2024 | $1,458 | $0 | $78,589 | XML |
| 990-EZ | August 2023 | $1,089 | $0 | $76,807 | XML |
| 990-EZ | August 2022 | – | – | – | IRS |
| 990-EZ | August 2021 | – | – | – | 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 74-2841175).
Questions about TEXAS PREPAID TUITION SCHOLARSHIP FOUNDATION
- What is the EIN of TEXAS PREPAID TUITION SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of TEXAS PREPAID TUITION SCHOLARSHIP FOUNDATION is 74-2841175.
- Is TEXAS PREPAID TUITION SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to TEXAS PREPAID TUITION SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does TEXAS PREPAID TUITION SCHOLARSHIP FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of TEXAS PREPAID TUITION SCHOLARSHIP FOUNDATION 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 TEXAS PREPAID TUITION SCHOLARSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended August 2025.
- Who are the officers and directors of TEXAS PREPAID TUITION SCHOLARSHIP FOUNDATION?
- The 990-EZ for the year ended August 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does TEXAS PREPAID TUITION SCHOLARSHIP FOUNDATION have?
- On its 990-EZ for the year ended August 31, 2025 it reported revenue of $11,076, expenses of $0 and total assets of $42,704 at year end.
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