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The TSTC Foundation

Waco, TX   |  https://www.tstc.edu/give/
GuideStar Charity Check

The TSTC Foundation

EIN: 75-2892470


Mission

TO COMPLEMENT THE STATE OF TEXAS' SUPPORT OF THE COLLEGES BY PROVIDING FINANCIAL SUPPORT FOR NEW AND ONGOING PROJECTS AND ACTIVITIES IN THE AREAS OF RESEARCH, EDUCATION AND COMMUNITY SERVICE.

Ruling year info

2001

Chief Executive Officer

Mrs. Beth Wooten

Main address

3801 Campus Dr

Waco, TX 76705 USA

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EIN

75-2892470

Subject area info

Education

Community college education

Population served info

Ethnic and racial groups

Economically disadvantaged people

Self-employed people

Academics

Military personnel

Show more populations served

NTEE code info

Scholarships, Student Financial Aid, Awards (B82)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Affiliations

See related organizations info

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Helping Hands

Helping Hands scholarships offers emergency aid to students at any campus to cover essential needs. This critical funding gives students the opportunity to focus on their programs instead of financial burdens that may keep them from finishing their classes.

Population(s) Served

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of endowments

This metric is no longer tracked.
Totals By Year
Type of Metric

Other - describing something else

Direction of Success

Increasing

Context Notes

Endowment Scholarships benefiting students

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Institutional Advancement is the strategic, integrated method of managing relationships
to increase understanding and support among the College’s key constituents, including
alumni, Industry partners, government policy makers, the media, members of the
community, and philanthropic entities of all types.
1. Increase cash gifts by 15%.
-FY 22 adjusted cash gift was 11% above FY22 goals
2. Recover 20% of all lapsed donors.
-FY 22 recovered 26% Industry Average was 5%
3. Maintain donor retention rate of 50%.
-FY 22 goal was 10%, achieved 52% Industry average was 40-45%

This operational plan is written to directly support the purpose of promoting the interests and welfare of Texas
State Technical College, and to develop community, corporate, and legislative support by raising
and managing private resources supporting the mission and priorities of the College and to
provide a culture of institutional excellence unavailable solely with state appropriated funds.

1. Formalize processes and procedures for past successes such as Private
Foundation engagement, Economic Development partnerships, special
projects, and more.
2. Generate warm lead outreach system in which all lapsed donors will be
contacted via those within The TSTC Foundation of whom they have an
established relationship.
3. Work cross-functionally with FDOs and Career Services to implement top tier
custom engagement plans utilizing the Council of Advocates, advisory
boards, and VIP events at the local and statewide level.
4. Understand which communication channels are available to us and how best
to utilize them for outreach about donor opportunities.

Financials

The TSTC Foundation
Fiscal year: Sep 01 - Aug 31
Financial documents
2021 FY21 Audited Financial Report 2021 2021 Form 990
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.58

Average of 0.34 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

16.4

Average of 23.8 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 0% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

The TSTC Foundation

Revenue & expenses

Fiscal Year: Sep 01 - Aug 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

The TSTC Foundation

Balance sheet

Fiscal Year: Sep 01 - Aug 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

The TSTC Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Sep 01 - Aug 31

SOURCE: IRS Form 990 info

This snapshot of The TSTC Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $4,241,426 -$550,939 -$109,926 $1,139,192 -$467,111
As % of expenses 22.8% -20.9% -3.6% 48.9% -15.4%
Unrestricted surplus (deficit) after depreciation $4,241,426 -$550,939 -$109,926 $1,139,192 -$467,111
As % of expenses 22.8% -20.9% -3.6% 48.9% -15.4%
Revenue composition info
Total revenue (unrestricted & restricted) $25,195,486 $1,926,845 $4,529,671 $4,358,639 $4,293,165
Total revenue, % change over prior year 688.5% -92.4% 135.1% -3.8% -1.5%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.3% 6.9% 2.9% 2.5% 4.1%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 105.7% 102.3% 106.3% 81.4% 95.3%
Other revenue -6.0% -9.2% -9.2% 16.2% 0.5%
Expense composition info
Total expenses before depreciation $18,639,909 $2,637,909 $3,015,499 $2,328,798 $3,027,427
Total expenses, % change over prior year 933.6% -85.8% 14.3% -22.8% 30.0%
Personnel 0.0% 0.0% 0.0% 0.0% 0.0%
Professional fees 0.6% 4.1% 3.7% 4.9% 4.3%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 98.7% 90.5% 92.4% 88.7% 88.4%
All other expenses 0.7% 5.4% 3.9% 6.5% 7.3%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $18,639,909 $2,637,909 $3,015,499 $2,328,798 $3,027,427
One month of savings $1,553,326 $219,826 $251,292 $194,067 $252,286
Debt principal payment $2,971,209 $3,119,987 $2,688,980 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $23,164,444 $5,977,722 $5,955,771 $2,522,865 $3,279,713

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 3.2 23.4 24.1 45.1 16.4
Months of cash and investments 4.7 35.4 35.7 64.6 72.1
Months of estimated liquid unrestricted net assets 4.3 28.2 24.2 37.2 26.8
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $5,016,978 $5,154,508 $6,062,356 $8,761,215 $4,129,744
Investments $2,254,730 $2,635,417 $2,916,444 $3,780,552 $14,064,703
Receivables $29,721,143 $25,706,718 $24,214,571 $38,540,802 $30,291,715
Gross land, buildings, equipment (LBE) $1,083,130 $124,393 $124,393 $124,393 $124,393
Accumulated depreciation (as a % of LBE) 33.5% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 63.2% 60.9% 55.4% 67.7% 64.7%
Unrestricted net assets $6,743,989 $6,193,050 $6,083,124 $7,222,316 $6,755,205
Temporarily restricted net assets $5,661,785 $5,384,110 N/A N/A N/A
Permanently restricted net assets $1,456,626 $1,580,171 N/A N/A N/A
Total restricted net assets $7,118,411 $6,964,281 $8,766,786 $9,329,049 $10,390,221
Total net assets $13,862,400 $13,157,331 $14,849,910 $16,551,365 $17,145,426

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Chief Executive Officer

Mrs. Beth Wooten

Number of employees

Source: IRS Form 990

The TSTC Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

The TSTC Foundation

Board of directors
as of 09/12/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Harold Rafuse

Cary "Mac" Abney

Roland Adamson

Jonathan Newton

Derek Benavides

Charlie Hervey

Charlie Rigney

Jerold Nichols

Larry Gonzales

Mark Robinson

Organizational demographics

SOURCE: Self-reported; last updated 4/24/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female

Race & ethnicity

Gender identity

 

Sexual orientation

No data

Disability

No data