NonprofitsLamar Institute Of Technology Foundation

Education

Lamar Institute Of Technology Foundation

BEAUMONT, TX

Total revenue

$548K

Total expenses

$747K

Net assets

$8.1M

Grants received

$523K

15 grants

EIN

760588576

Tax year

2023

Mission

Management of the endowment funds which have been established to provide scholarships for students at lamar institute of technology. Serve as an advisory board for the institute, a sounding board and board of review. Listen to the lamar institute of technology's plans and provide them with suggestions on how to improve the training they provide in this region

Financials

FY 2023

Revenue

Contributions & grants$359K
Program service revenue
Investment income$356K
Other revenue
Total revenue$548K

Expenses

Grants paid$698K
Salaries & benefits
Fundraising
Other expenses$48K
Total expenses$747K
Total assets$8.4M
Net assets$8.1M

People

20 listed

NameRoleCompensation

JERRY VANDERVOORT

PRESIDENT

Board

DAVID THORNHILL

VICE PRESIDE

Board

MARY ANN REID

TREASURER

Board

EVA GEER

SECRETARY

Board

ROD CARROLL

AUDIT CHAIRM

Board

HERSCHEL STAGNER JR

DIRECTOR CHA

Board

GARY PARSLEY

INVESTMENT C

Board

EDDIE ARNOLD

DIRECTOR

Board

PAUL BLACKBURN

DIRECTOR

Board

JUDY HONEYCUTT

MEMBER

Board

GISELA HOUSEMAN

DIRECTOR

Board

JEAN MCFADDIN

DIRECTOR

Board

J PEACOCK

DIRECTOR

Board

RAYMOND POLK

DIRECTOR

Board

JERRY STUMBO

DIRECTOR

Board

JAKE TORTORICE

DIRECTOR

Board

ANTHONY TOUPS

DIRECTOR

Board

RYAN VICK

DIRECTOR

Board

ZACH JOHNSON

DEVELOPMENT

Board

KRISTA L HUNTER

EXECUTIVE DI

Board

Grants received

Showing 15 of 15

FromAmountPurposeYear
$3K
LIT AIR PRODUCTSANNUAL SCHOLARSHIP
2023
$10K
GENERAL SUPPORT
2022
$3K
LIT AIR PRODUCTS ANNUAL SCHOLARSHIP
2021
$3K
LIT AIR PRODUCTS ANNUAL SCHOLARSHIP
2020
$10K
COVID-19 EMERGENCY AID
2019
$3K
LIT AIR PRODUCTS ANNUAL SCHOLARSHIP
2019
$25K
THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT.
2017

Funded by

$523K from 7 funders · 15 grants · 2017–2024

Pvf Roundtable Charitable Foundation Inc

$263K · 5 grants · 2018–2024

Texas Community College Education

$200K · 2 grants · 2022–2023

Texas Higher Education Foundation

$10K · 1 grant · 2019

Air Products Foundation

$10K · 4 grants · 2019–2023

The Dallas Foundation

$10K · 1 grant · 2022

Details

EIN760588576
NTEE codeB420
Subsection03
Ruling date2000-01
Formed1998
Employees0
LAMAR INSTITUTE OF TECHNOLOGY FOUNDATION — Mission, Financials & Grants Received | Grantivo