Nonprofit · EIN 75-6029084
AMARILLO COLLEGE FOUNDATION INC
Tax-exempt · AMARILLO, TX 79178
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $6,985,898 | $9,657,398 | -$2,671,500 | $92,987,839 | $122,734 | $92,865,105 |
| August 31, 2024 | 990 | $8,950,397 | $4,220,126 | $4,730,271 | $91,183,526 | $122,037 | $91,061,489 |
| August 31, 2023 | 990 | $12,503,294 | $3,932,203 | $8,571,091 | $80,147,664 | $395,198 | $79,752,466 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $2,218,853
- Program service revenue
- $0
- Investment income
- $4,685,875
- Royalties
- $80,728
- Net gain from sales of assets
- $3,314,756
- Net income from fundraising events
- $1,300
- Other revenue
- $81,170
Expenses
- Grants and similar amounts paid
- $8,255,535
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $10,150
- Travel
- $58,263
- Program services (functional)
- $8,699,379
- Management and general (functional)
- $944,489
- Fundraising (functional)
- $13,530
Balance sheet and other
- Total assets, start of year
- $91,183,526
- Total assets, end of year
- $92,987,839
- Total liabilities, end of year
- $122,734
- Net assets, end of year
- $92,865,105
- Publicly traded securities
- $84,184,856
- Net assets without donor restrictions
- $11,419,598
- Net assets with donor restrictions
- $81,445,507
- Gross unrelated business income
- -$858
- Gross receipts
- $9,228,021
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1962
- 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 |
|---|---|---|---|---|---|
| CHRISTINE SKINNER | INTERIM PRESIDENT Officer | 0.75 | $0 | $211,166 | $14,187 |
| CHRIS SHARP | VP OF BUSINESS AFFAIRS/TREASURER Trustee or director, Officer | 0.75 | $0 | $164,013 | $24,525 |
| JOE BILL SHERROD | VP INST. ADVANCEMENT Officer | 0.75 | $0 | $163,295 | $18,534 |
| TRACY DOUGHERTY | COO Officer | 40 | $0 | $103,512 | $19,866 |
| LESLEY INGHAM | DIR. / FACULTY REP Trustee or director | 0.75 | $0 | $84,327 | $19,068 |
| JOHN T MCELYEA | CHAIRMAN Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| MARK SHAFFER | VICE CHAIRMAN Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| REGAN CAVINESS | SECRETARY Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| DR JAMELLE CONNOR | AC PRESIDENT Trustee or director | 0.75 | $0 | $0 | $0 |
| ERIC DARNELL | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| TITIANA D FRAUSTO | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| JONATHAN FREDERICK | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| PAUL GIBSON | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| PATRICK LOVELADY | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| BEKAH MCWHORTER | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIA PIERCE | DIRECTOR Trustee or director | 0.75 | $0 |
| ALICIA RAFFKIND | DIRECTOR Trustee or director | 0.75 | $0 |
| STACY SANNING | DIRECTOR Trustee or director | 0.75 | $0 |
| SHEILA SIMS | DIRECTOR Trustee or director | 0.75 | $0 |
| MARCUS SMITH | DIRECTOR Trustee or director | 0.75 | $0 |
| DAVID TERRY | DIRECTOR Trustee or director | 0.75 | $0 |
| JOAN URBAN | DIRECTOR Trustee or director | 0.75 | $0 |
| COURTNEY VANDERHAM | DIRECTOR Trustee or director | 0.75 | $0 |
| TREY WILKINSON | DIRECTOR Trustee or director | 0.75 | $0 |
| CONNIE WOOTTON | DIRECTOR Trustee or director | 0.75 | $0 |
| MICHELE FORTUNATO | AC BOARD REGENT Trustee or director | 0.75 | $0 |
| JOHNNY MIZE | AC BOARD REGENT Trustee or director | 0.75 | $0 |
990 for the year ended August 31, 2024: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHRISTINE SKINNER | INTERIM PRESIDENT Officer | 0.75 | $0 | $184,206 | $13,794 |
| CHRIS SHARP | DIR. / TREASURER Trustee or director, Officer | 0.75 | $0 | $161,372 | $23,259 |
| JOE BILL SHERROD | VP INST. ADVANCEMENT Officer | 0.75 | $0 | $164,029 | $19,196 |
| TRACY DOUGHERTY | COO Officer | 40 | $0 | $100,196 | $17,413 |
| LESLEY INGHAM | DIR. / FACULTY REP Trustee or director | 0.75 | $0 | $82,001 | $18,726 |
| EMILY HALL | CHAIRMAN Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| JOHN MCELYEA | VICE CHAIRMAN Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| MARK SHAFFER | SECRETARY Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| ALICIA RAFFKIND | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| BEKAH MCWHORTER | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| CHRIS JENSEN | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| CONNIE WOOTTON | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| COURTNEY VANDERHAM | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| DAVID TERRY | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| ERIC DARNELL | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| GREG GRAHAM | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| JENTRY WILLIAMS | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| JOAN URBAN | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| JOHNNY MIZE | DIR. / AC BOARD REGENT Trustee or director | 0.75 | $0 | $0 | $0 |
| MICHELE FORTUNATO | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| PATRICK LOVELADY | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| PAULA GIBSON | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| REGAN CAVINESS | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| SHEILA SIMS | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| TITIANA D FRAUSTO | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
990 for the year ended August 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR RUSSELL LOWERY-HART | DIR. / AC PRESIDENT Trustee or director | 1 | $0 | $403,397 | $49,461 |
| JOE BILL SHERROD | VP INST. ADVANCEMENT Officer | 1 | $0 | $172,977 | $21,298 |
| CHRIS SHARP | TREASURER Trustee or director, Officer | 1 | $0 | $163,092 | $24,706 |
| ROBIN MALONE PARTIAL YEAR | DIRECTOR Trustee or director | 1 | $0 | $120,571 | $21,085 |
| TRACY DOUGHERTY | COO Officer | 40 | $0 | $111,404 | $17,789 |
| LESLEY INGHAM | DIR. / FACULTY REP Trustee or director | 1 | $0 | $79,788 | $18,600 |
| EMILY HALL | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN MCELYEA | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARK SHAFFER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ALFONSO ZAMBRANO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALICIA RAFFKIND | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BEKAH MCWHORTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BOWDEN JONES JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS JENSEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CONNIE WOOTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| COURTNEY VANDERHAM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERIC DARNELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GREG GRAHAM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JENTRY WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOAN URBAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHNNY MIZE | DIR. / AC BOARD REGENT Trustee or director | 1 | $0 | $0 | $0 |
| NICKI CRUMP | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PATRICK LOVELADY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAULA GIBSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REGAN CAVINESS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SALLY JENNINGS | DIR. / AC BOARD REGENT Trustee or director | 1 | $0 | $0 | $0 |
| SHEILA SIMS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 447, AMARILLO, TX 79178-0001
- Principal officer (990 for 2024)
- TIFFANI CROSLEY, PO BOX 447, AMARILLO, TX 79178
- Signed the 990
- TIFFANI CROSLEY, ASSOCIATE VP OF BUSINESS AFFAIRS
- Phone
- (806) 371-5007
- Return prepared by
- WHITLEY PENN LLP
Mission
THE AMARILLO COLLEGE FOUNDATION IS A NON-PROFIT AND TAX-EXEMPT FOUNDATION WHICH SEEKS TO PROMOTE EXCELLENCE AT AMARILLO COLLEGE.
Program accomplishments
- THE PAYMENT OF STUDENT TUITION, FEES, BOOKS OR OTHER INSTITUTIONAL SUPPORT OF AMARILLO COLLEGE. 1,950 STUDENTS RECEIVED SCHOLARSHIPS OR AID MONEY. ONE GRANT WAS AWARDED TO NONPROFIT ENTITY. THERE IS NO SIGNIFICANT INVOLVEMENT IN ANY GRANT PROGRAMS.Expenses $8,699,379 · grants $8,255,535
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
- 75-6029084
- 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
- 1963
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $92,987,839
- Income (IRS master file)
- $9,228,021
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $6,985,898 | $9,657,398 | $92,987,839 | IRS |
| 990-T | August 2025 | – | – | – | IRS |
| 990 | August 2024 | $8,950,397 | $4,220,126 | $91,183,526 | XML |
| 990-T | August 2024 | – | – | – | IRS |
| 990 | August 2023 | $12,503,294 | $3,932,203 | $80,147,664 | XML |
| 990-T | August 2023 | – | – | – | IRS |
| 990 | August 2022 | $3,740,660 | $3,231,337 | $65,720,655 | IRS |
| 990-T | August 2022 | – | – | – | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990-T | 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 75-6029084).
Questions about AMARILLO COLLEGE FOUNDATION INC
- What is the EIN of AMARILLO COLLEGE FOUNDATION INC?
- The employer identification number (EIN) of AMARILLO COLLEGE FOUNDATION INC is 75-6029084.
- Is AMARILLO COLLEGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1963.
- Are donations to AMARILLO COLLEGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMARILLO 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 AMARILLO 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 AMARILLO 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 AMARILLO COLLEGE FOUNDATION INC?
- The 990 for the year ended August 31, 2025 names TIFFANI CROSLEY.
- Who are the officers and directors of AMARILLO COLLEGE FOUNDATION INC?
- The 990 for the year ended August 31, 2025 lists 27 people; 0 received compensation from the organization.
- How much revenue does AMARILLO COLLEGE FOUNDATION INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $6,985,898, expenses of $9,657,398 and total assets of $92,987,839 at year end.
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