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Nonprofit · EIN 75-1846813

PANOLA COLLEGE FOUNDATION

Tax-exempt · CARTHAGE, TX 75633

Financials

$322K$169K2022$590K$178K2023$859K$168K2024
Revenue Expenses · by fiscal year end
Financials of PANOLA COLLEGE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2025990$859,267$168,463$690,804$6,053,984$51,878$6,002,106
August 31, 2024990$590,142$178,364$411,778$4,956,864$40,952$4,915,912
August 31, 2023990$322,364$169,266$153,098$4,231,408$54,228$4,177,180
Financial details: 990 for the year ended August 31, 2025

Revenue

Contributions, gifts and grants
$584,901
Program service revenue
$0
Investment income
$196,522
Net gain from sales of assets
$13,007
Net income from fundraising events
$77,839
Other revenue
$77,844

Expenses

Grants and similar amounts paid
$157,676
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$2,275
Program services (functional)
$157,676
Management and general (functional)
$10,787

Balance sheet and other

Total assets, start of year
$4,956,864
Total assets, end of year
$6,053,984
Total liabilities, end of year
$51,878
Net assets, end of year
$6,002,106
Publicly traded securities
$5,780,663
Net assets without donor restrictions
$2,574,907
Net assets with donor restrictions
$3,427,199
Gross receipts
$968,398
Employees
0
Volunteers
0
Year formed
1982
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.

NameTitleHours / weekCompensation
MRS ALEASE COPELINCHAIR
Trustee or director, Officer
0$0
MRS CAROLYN MURPHYVICE CHAIR
Trustee or director, Officer
0$0
MRS TONI BIGGSSECRETARY
Trustee or director, Officer
0$0
MR MARK LEACHMEMBER
Trustee or director
0$0
MRS PATRICIA SMITHMEMBER
Trustee or director
0$0
MS PEGGY POPEMEMBER
Trustee or director
0$0
MRS CHASTITI HORNEMEMBER
Trustee or director
0$0
MR CAMERON PHILLIPSMEMBER
Trustee or director
0$0
MR PATRICK BROWNINGMEMBER
Trustee or director
0$0
MR JOEL POLLESCHULTZMEMBER
Trustee or director
0$0
MS FATHA BURCHETTEMEMBER
Trustee or director
0$0
MR PHILLIP GRIMESMEMBER
Trustee or director
0$0
MR JOHN WORLEYMEMBER
Trustee or director
0$0
990 for the year ended August 31, 2024: 13 people
NameTitleHours / weekCompensation
MRS TONI BIGGSCHAIR
Trustee or director, Officer
0$0
MR ROBERT SHERMANVICE CHAIR
Trustee or director, Officer
0$0
MR STEVE WILLIAMSSECRETARY
Trustee or director, Officer
0$0
MRS PATRICIA SMITHMEMBER
Trustee or director
0$0
MS PEGGY POPEMEMBER
Trustee or director
0$0
MR MARK LEACHMEMBER
Trustee or director
0$0
MR BOBBY PHILLIPSMEMBER
Trustee or director
0$0
MRS ALEASE COPELINMEMBER
Trustee or director
0$0
MR ROBBIE SHOULTSMEMBER
Trustee or director
0$0
MRS TRACY SHOULTSMEMBER
Trustee or director
0$0
MRS SANDRA PAYNEMEMBER
Trustee or director
0$0
MS CAROLYN MURPHYMEMBER
Trustee or director
0$0
MRS CHASTITI HORNEMEMBER
Trustee or director
0$0
990 for the year ended August 31, 2023: 12 people
NameTitleHours / weekCompensation
MRS TONI BIGGSCHAIR
Trustee or director, Officer
0$0
MR ROBERT SHERMANVICE CHAIR
Trustee or director, Officer
0$0
MR STEVE WILLIAMSSECRETARY
Trustee or director, Officer
0$0
MRS PATRICIA SMITHMEMBER
Trustee or director
0$0
MS PEGGY POPEMEMBER
Trustee or director
0$0
MR MARK LEACHMEMBER
Trustee or director
0$0
MR BOBBY PHILLIPSMEMBER
Trustee or director
0$0
MR RAY SCHIEFFERMEMBER
Trustee or director
0$0
MR ROBBIE SHOULTSMEMBER
Trustee or director
0$0
MRS TRACY SHOULTSMEMBER
Trustee or director
0$0
MRS SANDRA PAYNEMEMBER
Trustee or director
0$0
MS CAROLYN MURPHYMEMBER
Trustee or director
0$0

Address and contacts

Address (IRS master file)
1109 W PANOLA ST, CARTHAGE, TX 75633-2341
Signed the 990
JESSICA PACE, PRESIDENT
Phone
(903) 693-2025
Return prepared by
ALEXANDER LANKFORD & HIERS INC

Mission

THE FOUNDATION'S PURPOSE IS TO STRENGTHEN THE EDUCATIONAL RESOURCES OF PANOLA COLLEGE BY ENCOURAGING A PROGRAM OF BENEFACTIONS TO THE COLLEGE.

990 for the year ended August 31, 2025

Program accomplishments

  • DONATIONS TO SUPPORT INSTRUCTIONAL PROGRAMS AT PANOLA COLLEGE.
    Expenses $67,321 · grants $67,321
  • SCHOLARSHIPS AWARDED FROM THE FOUNDATION TO PANOLA COLLEGE STUDENTS. THERE WERE NO STUDENTS THAT RECEIVED IN EXCESS OF $5,000.
    Expenses $90,355 · grants $90,355

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 yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026990 on file
2023August 31, 2024January 15, 2025990 on file

IRS record

EIN
75-1846813
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1983
Accounting year ends
August
Files
Form 990 or 990-EZ
Assets (IRS master file)
$6,053,984
Income (IRS master file)
$968,398

Filing history

FormYear endedRevenueExpensesAssetsReturn
990August 2025$859,267$168,463$6,053,984XML
990August 2024$590,142$178,364$4,956,864XML
990August 2023$322,364$169,266$4,231,408XML
990August 2022$348,995$150,356$3,827,134IRS
990August 2021–––IRS
990August 2020–––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 75-1846813).

Questions about PANOLA COLLEGE FOUNDATION

What is the EIN of PANOLA COLLEGE FOUNDATION?
The employer identification number (EIN) of PANOLA COLLEGE FOUNDATION is 75-1846813.
Is PANOLA COLLEGE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to PANOLA COLLEGE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PANOLA COLLEGE 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 PANOLA COLLEGE 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 PANOLA COLLEGE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended August 2025.
Who are the officers and directors of PANOLA COLLEGE FOUNDATION?
The 990 for the year ended August 31, 2025 lists 13 people; 0 received compensation from the organization.
How much revenue does PANOLA COLLEGE FOUNDATION have?
On its 990 for the year ended August 31, 2025 it reported revenue of $859,267, expenses of $168,463 and total assets of $6,053,984 at year end.

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