2024-04-02T16:39:49-05:00 2023-08-31 752393478 WHITLEY PENN LLP 640 TAYLOR STREET SUITE 2200 FT WORTH TX 76102 990 2022-09-01 756029084 THE AMARILLO COLLEGE FOUNDATION AMAR 8063715007 PO BOX 447 AMARILLO TX 79178 CHRIS SHARP TREASURER 8063715007 2024-03-26 1 CHRIS SHARP 999009999 1 EMILY LANDRY P01614538 8172599100 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRIS SHARP PO BOX 447 AMARILLO TX 79178 21508069 0 X N/A X 1962 TX THE AMARILLO COLLEGE FOUNDATION IS A NON-PROFIT AND TAX EXEMPT FOUNDATION WHICH SEEKS TO PROMOTE EXCELLENCE AT AMARILLO COLLEGE. THE ORGANIZATION WAS ORGANIZED TO OBTAIN GIFTS AND GRANTS TO BE USED FOR THE DEVELOPMENT OF AMARILLO COLLEGE. THE ORGANIZATION AWARDS SCHOLARSHIPS AND MAKES LOANS TO STUDENTS AT AMARILLO COLLEGE WHO ARE WITHOUT BANKING OR OTHER CREDIT PRIVILEGES. 24 19 0 19 16983 -13590 5077792 10099200 0 0 -1468159 2280121 131027 123973 3740660 12503294 1614645 2292435 0 0 0 0 0 0 44668 1616692 1639768 3231337 3932203 509323 8571091 65720655 80147664 57880 395198 65662775 79752466 THE AMARILLO COLLEGE FOUNDATION IS A NON-PROFIT AND TAX-EXEMPT FOUNDATION WHICH SEEKS TO PROMOTE EXCELLENCE AT AMARILLO COLLEGE. 0 0 2918091 2292435 THE PAYMENT OF STUDENT TUITION, FEES, BOOKS OR OTHER INSTITUTIONAL SUPPORT OF AMARILLO COLLEGE. 1,240 STUDENTS RECEIVED SCHOLARSHIPS OR AID MONEY. ONE GRANT WAS AWARDED TO NONPROFIT ENTITY. THERE IS NO SIGNIFICANT INVOLVEMENT IN ANY GRANT PROGRAMS. 2918091 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 120 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 19 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X TIFFANI CROSLEY 8063715007 PO BOX 447 AMARILLO TX 79178 DR RUSSELL LOWERY-HART DIR. / AC PRESIDENT 1.00 40.00 X 0 403397 49461 CHRIS SHARP TREASURER 1.00 40.00 X X 0 163092 24706 LESLEY INGHAM DIR. / FACULTY REP 1.00 40.00 X 0 79788 18600 EMILY HALL CHAIRMAN 1.00 0.00 X X 0 0 0 JOHN MCELYEA VICE CHAIRMAN 1.00 0.00 X X 0 0 0 MARK SHAFFER SECRETARY 1.00 0.00 X X 0 0 0 ALFONSO ZAMBRANO DIRECTOR 1.00 0.00 X 0 0 0 ALICIA RAFFKIND DIRECTOR 1.00 0.00 X 0 0 0 BEKAH MCWHORTER DIRECTOR 1.00 0.00 X 0 0 0 BOWDEN JONES JR DIRECTOR 1.00 0.00 X 0 0 0 CHRIS JENSEN DIRECTOR 1.00 0.00 X 0 0 0 CONNIE WOOTON DIRECTOR 1.00 0.00 X 0 0 0 COURTNEY VANDERHAM DIRECTOR 1.00 0.00 X 0 0 0 ERIC DARNELL DIRECTOR 1.00 0.00 X 0 0 0 GREG GRAHAM DIRECTOR 1.00 0.00 X 0 0 0 JENTRY WILLIAMS DIRECTOR 1.00 0.00 X 0 0 0 JOAN URBAN DIRECTOR 1.00 0.00 X 0 0 0 JOHNNY MIZE DIR. / AC BOARD REGENT 1.00 1.00 X 0 0 0 NICKI CRUMP DIRECTOR 1.00 0.00 X 0 0 0 PATRICK LOVELADY DIRECTOR 1.00 0.00 X 0 0 0 PAULA GIBSON DIRECTOR 1.00 0.00 X 0 0 0 REGAN CAVINESS DIRECTOR 1.00 0.00 X 0 0 0 SALLY JENNINGS DIR. / AC BOARD REGENT 1.00 1.00 X 0 0 0 SHEILA SIMS DIRECTOR 1.00 0.00 X 0 0 0 ROBIN MALONE PARTIAL YEAR DIRECTOR 1.00 40.00 X 0 120571 21085 JOE BILL SHERROD VP INST. ADVANCEMENT 1.00 40.00 X 0 172977 21298 TRACY DOUGHERTY COO 40.00 0.00 X 0 111404 17789 0 1051229 152939 0 0 1 0 ANGELES INVESTMENT ADVISORS LLC 429 SANTA MONICA BLVD STE 650 SANTA MONICA CA 90401 INVESTMENT ACTIVITY 161665 1 10099200 18000 10099200 1372669 1372669 102306 102306 9912227 9004775 907452 907452 907452 4684 0 4684 4684 OIL & GAS WORKING INTEREST 211100 16983 16983 16983 12503294 907452 16983 1479659 494111 494111 1798324 1798324 18080 18080 428163 428163 45700 45700 4070 2480 1590 103953 87755 12716 3482 21536 21536 31344 29873 1471 4337 4337 474136 3840 470296 1559 1559 5840 5840 OTHER EXPENSES 469744 451306 9783 8655 INSITUTIONAL SUPPORT 31306 4702 26604 3932203 2918091 969444 44668 185394 191188 23192 417026 1682969 7037575 25156 0 143680 143680 1559 0 58142253 67211970 5074746 4704519 585386 585386 65720655 80147664 23729 29432 34151 365766 57880 395198 X 4328121 9962813 61334654 69789653 65662775 79752466 65720655 80147664 8571091 5518600 0 X 0 1 X 1 0 X 1792865 2070710 1649374 5077792 10099200 20689941 1792865 2070710 1649374 5077792 10099200 20689941 1830530 18859411 706792 637552 706579 1420656 1491958 4963537 20117 12033 2013 7042 41205 25694683 0.73400 0.56630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47719290 6213927 -1144724 52788493 56626858 693783 -8789169 -812182 47719290 35457881 13668645 8603316 1102984 56626858 31218359 654676 4677418 1092572 35457881 31324424 646967 332616 1085648 31218359 0.00000 0.45000 0.55000 0 0 143680 143680 0 0 HEDGE FUNDS 2755567 F PRIVATE EQUITY FUND OF FUNDS 1948952 F 4704519 DUE TO AMARILLO COLLEGE 365766 365766 X 17851598 5518600 257867 5776467 12075131 428163 428163 12503294 3761907 257867 257867 3504040 428163 428163 3932203 PART X, LINE 2: THE FOUNDATION, A NONPROFIT CORPORATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS EXEMPT FROM PAYING INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS TAXABLE INCOME. THE FOUNDATION IS NOT CLASSIFED BY THE INTERNAL REVENUE SERVICE (IRS) AS A PRIVATE FOUNDATION. THE FOUNDATION BELIEVES THAT IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. THE FOUNDATION'S FEDERAL TAX RETURNS FOR 2020, 2021, AND 2022 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART V, LINE 4 - INTENDED USES FOR ENDOWMENT FUNDS THE ORGANIZATION'S ENDOWMENT FUNDS REQUIRE THAT THE PRINCIPAL BE MAINTAINED PERMANENTLY AND THE INCOME FROM WHICH IS GENERALLY RESTRICTED TO PROVIDE FINANCIAL SUPPORT TO AMARILLO COLLEGE. PART X - FIN 48 FOOTNOTE THE FOUNDATION, A NONPROFIT CORPORATION DESCRIBED IN SECTION 501(C) (3) OF THE INTERNATIONAL REVENUE CODE, IS EXEMPT FROM PAYING INCOME TAXES PURSUANT TO SECTION 501 (A) IF THE CODE, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS TAXABLE INCOME. THE FOUNDATION IS NOT CLASSIFIED BY THE INTERNAL REVENUE SERVICE (IRS) AS A PRIVATE FOUNDATION. THE FOUNDATION BELIEVES THAT IS HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS INVESTMENTS 2755567 0 0 0 0 0 0 2755567 0 2755567 0 0 0 1 0 0 PART III ACCOUNTING METHOD: 0 BAPTIST COMMUNITY SERVICES 701 PARK PLACE 2ND FLOOR AMARILLO TX 79101 752206268 501(C)(3) 14043 0 EDUCATIONAL PROGRAM AMARILLO JUNIOR COLLEGE DISTRICT PO BOX 79178 AMARILLO TX 79178 756000031 GOV 480068 0 COLLEGE EDUCATION 2 ACADEMIC SCHOLARSHIPS 1240 1798324 PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ANNUAL REPORTING IS REQUIRED FOR RECEIPIENT ORGANIZATION. 0 0 0 0 0 0 0 0 0 DR RUSSELL LOWERY-HART DIR. / AC PRESIDENT 0 403397 0 0 0 0 0 26058 0 23403 0 452858 0 0 JOE BILL SHERROD VP INST. ADVANCEMENT 0 172977 0 0 0 0 0 10936 0 10362 0 194275 0 0 CHRIS SHARP TREASURER 0 163092 0 0 0 0 0 10421 0 14285 0 187798 0 0 PART I, LINE 3 - RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION THE EXECUTIVE DIRECTORS' COMPENSATION PURSUANT TO A WRITTEN CONTRACT IS SUBJECT TO APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. THE AMARILLO COLLEGE FOUNDATION PAYS ITS RELATED ORGANIZATION, AMARILLO JUNIOR COLLEGE DISTRICT, A REIMBURSEMENT FEE FOR ITS EXECUTIVE DIRECTOR'S COMPENSATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS OF THIS ORGANIZATION IS COMPOSED OF NO MORE THAN 33 DIRECTORS INCLUDING THREE MEMBERS OF THE AMARILLO COLLEGE BOARD OF REGENTS, THE PRESIDENT AND THE VICE PRESIDENT OF BUSINESS AFFAIRS OF AMARILLO COLLEGE AND OTHER SELECTED MEMBERS OF THE FOUNDATION WHO ARE NOT DIRECTLY AFFILIATED WITH AMARILLO COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 FOR THIS COMPANY WAS PREPARED BY AN OUTSIDE CPA FIRM, AND REVIEWED BY AUDIT COMMITTEE PRIOR TO SIGNING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY WAS DISTRIBUTED TO EACH DIRECTOR. THE DIRECTORS WERE ASKED TO COMPLETE AND RETURN TO THE ORGANIZATION TO BE REVIEWED AND KEPT ON FILE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE FORM 990. AMARILLO JUNIOR COLLEGE DISTRICT PO BOX 79178 AMARILLO TX 79178 756000031 COLLEGE EDUCATION TX GOV 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 AMARILLO JUNIOR COLLEGE DISTRICT B 480068 CASH AMARILLO JUNIOR COLLEGE DISTRICT E 365766 CASH