Nonprofit · EIN 75-2045268
VERNON REGIONAL JUNIOR COLLEGE FOUNDATION INC
Also known as VRJC FOUNDATION INC
Tax-exempt · VERNON, TX 76384
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $545,322 | $400,684 | $144,638 | $6,498,636 | $0 | $6,498,636 |
| August 31, 2024 | 990 | $464,626 | $471,598 | -$6,972 | $6,127,551 | $0 | $6,127,551 |
| August 31, 2023 | 990 | $596,838 | $367,527 | $229,311 | $5,483,335 | $0 | $5,483,335 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $270,137
- Program service revenue
- $0
- Investment income
- $272,785
- Net income from fundraising events
- $2,400
- Other revenue
- $2,400
Expenses
- Grants and similar amounts paid
- $378,449
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $378,449
- Management and general (functional)
- $22,235
Balance sheet and other
- Total assets, start of year
- $6,127,551
- Total assets, end of year
- $6,498,636
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,498,636
- Publicly traded securities
- $6,328,172
- Net assets without donor restrictions
- $427,003
- Net assets with donor restrictions
- $6,071,633
- Gross receipts
- $545,322
- Employees
- 0
- Volunteers
- 11
- Year formed
- 1985
- 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 |
|---|---|---|---|---|
| DR DUSTY R JOHNSTON | PRESIDENT Officer | 1 | $0 | $233,360 |
| MS MINDI FLYNN | VP ADMINISTRATION Officer | 5 | $0 | $115,062 |
| MS MICHELLE A ALEXANDER | EXECUTIVE DIRECTOR Officer | 20 | $0 | $74,489 |
| MR STEPHEN BRANTLEY | MEMBER Trustee or director | 1 | $0 | $0 |
| MR LARRY DRENNAN | MEMBER Trustee or director | 1 | $0 | $0 |
| MRS TERRI FARABEE | MEMBER Trustee or director | 1 | $0 | $0 |
| MR GA TONY FIDELIE JR | MEMBER Trustee or director | 1 | $0 | $0 |
| MRS DEE ANN MARTIN | MEMBER Trustee or director | 1 | $0 | $0 |
| MR ANDREW E PENNINGTON | MEMBER Trustee or director | 1 | $0 | $0 |
| DR TODD SMITH | MEMBER Trustee or director | 1 | $0 | $0 |
| MRS HELEN WILLINGHAM | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| MRS JONI STREIT | VICE-CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| MR BRENT HILLERY | SECRETARY-TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MR BOB FERGUSON | BOARD OF TRUSTEES CHAIRMAN Trustee or director | 1 | $0 | $0 |
990 for the year ended August 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DUSTY R JOHNSTON | PRESIDENT Officer | 1 | $0 | $226,366 |
| MS MINDI FLYNN | VP ADMINISTRATION Officer | 5 | $0 | $114,113 |
| MS MICHELLE A ALEXANDER | EXECUTIVE DIRECTOR Officer | 20 | $0 | $79,190 |
| MR STEPHEN BRANTLEY | MEMBER Trustee or director | 1 | $0 | $0 |
| MR LARRY DRENNAN | MEMBER Trustee or director | 1 | $0 | $0 |
| MRS TERRI FARABEE | MEMBER Trustee or director | 1 | $0 | $0 |
| MR GA TONY FIDELIE JR | MEMBER Trustee or director | 1 | $0 | $0 |
| MRS DEE ANN MARTIN | MEMBER Trustee or director | 1 | $0 | $0 |
| MR ANDREW PENNINGTON | MEMBER Trustee or director | 1 | $0 | $0 |
| DR TODD SMITH | MEMBER Trustee or director | 1 | $0 | $0 |
| MR BOB FERGUSON | CHAIR, TRUSTEE BOARD Trustee or director | 1 | $0 | $0 |
| MRS HELEN WILLINGHAM | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| MRS JONI STREIT | VICE-CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| MR BRENT HILLERY | SECRETARY-TREASURER Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended August 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DUSTY R JOHNSTON | PRESIDENT Officer | 1 | $0 | $219,593 |
| MS MINDI FLYNN | VP ADMINISTRATION Officer | 5 | $0 | $104,379 |
| MS MICHELLE A ALEXANDER | EXECUTIVE DIRECTOR Officer | 20 | $0 | $71,912 |
| MRS HELEN WILLINGHAM | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| MRS JONI STREIT | VICE-CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| MR BRENT HILLERY | SECRETARY-TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MR STEPHEN BRANTLEY | MEMBER Trustee or director | 1 | $0 | $0 |
| MR LARRY DRENNAN | MEMBER Trustee or director | 1 | $0 | $0 |
| MS TERRI FARABEE | MEMBER Trustee or director | 1 | $0 | $0 |
| MR GA TONY FIDELIE JR | MEMBER Trustee or director | 1 | $0 | $0 |
| MRS DEE ANN MARTIN | MEMBER Trustee or director | 1 | $0 | $0 |
| MR ANDREW PENNINGTON | MEMBER Trustee or director | 1 | $0 | $0 |
| DR TODD SMITH | MEMBER Trustee or director | 1 | $0 | $0 |
| MR BOB FERGUSON | CHAIR, TRUSTEE BOARD Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4400 COLLEGE DR, VERNON, TX 76384-4005
- Principal officer (990 for 2024)
- MICHELLE A ALEXANDER, 4400 COLLEGE DRIVE, VERNON, TX 76384
- Signed the 990
- MICHELLE A ALEXANDER, EXECUTIVE DIRECTOR
- Phone
- (940) 552-6291
- Return prepared by
- CONDLEY AND COMPANY LLP
Mission
THE VERNON COLLEGE FOUNDATION, INCORPORATED OPERATES TO PROVIDE FUNDING FOR SCHOLARSHIPS TO STUDENTS AND OTHER GRANTS TO VERNON COLLEGE.
Program accomplishments
- THE FOUNDATION PROVIDES GRANTS TO VERNON COLLEGE FOR STUDENT SCHOLARSHIPS AND DEPARTMENTAL GRANTS. IN THE CURRENT YEAR THE FOUNDATION PROVIDED $364,949 OF SCHOLARHIP FUNDING AND $13,500 OF DEPARTMENTAL GRANTS TO THE COLLEGE.Expenses $378,449 · grants $378,449
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
- 75-2045268
- 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
- 1986
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,498,636
- Income (IRS master file)
- $545,322
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $545,322 | $400,684 | $6,498,636 | XML |
| 990 | August 2024 | $464,626 | $471,598 | $6,127,551 | XML |
| 990 | August 2023 | $596,838 | $367,527 | $5,483,335 | XML |
| 990 | August 2022 | $675,207 | $405,554 | $5,177,598 | 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 75-2045268).
Questions about VERNON REGIONAL JUNIOR COLLEGE FOUNDATION INC
- What is the EIN of VERNON REGIONAL JUNIOR COLLEGE FOUNDATION INC?
- The employer identification number (EIN) of VERNON REGIONAL JUNIOR COLLEGE FOUNDATION INC is 75-2045268.
- Is VERNON REGIONAL JUNIOR COLLEGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to VERNON REGIONAL JUNIOR COLLEGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERNON REGIONAL JUNIOR COLLEGE 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 VERNON REGIONAL JUNIOR COLLEGE 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 VERNON REGIONAL JUNIOR COLLEGE 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 VERNON REGIONAL JUNIOR COLLEGE FOUNDATION INC?
- The 990 for the year ended August 31, 2025 names MICHELLE A ALEXANDER.
- Who are the officers and directors of VERNON REGIONAL JUNIOR COLLEGE FOUNDATION INC?
- The 990 for the year ended August 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does VERNON REGIONAL JUNIOR COLLEGE FOUNDATION INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $545,322, expenses of $400,684 and total assets of $6,498,636 at year end.
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