NonprofitsPanhandle-Plains Higher Education Foundation

Education

Panhandle-Plains Higher Education Foundation

CANYON, TX

Total revenue

$8.8M

Total expenses

$7.0M

Net assets

$174.6M

Grants received

EIN

237025386

Tax year

2024

Mission

The foundation's primary purpose is to provide scholarships to qualified individuals for eligible educational expenses consisting of tuition and fees, books and supplies, room and board and incidental expenses related to attendance at an accredited educational institution in the state of texas offering an academic degree program of at least two years school attendance.

Programs

2 programs

The foundation provides services to public and non-profit institutions of higher education, including loan billing, analysis of student loan default rates and providing state mandated student loan debt disclosure notices to students concerning their outstanding federal and/or state student loan debt.

Expenses: $80K

The foundation promotes educational opportunities and educational assistance for residents in the state of texas. Educational opportunities consists primarily of providing outreach to students and parents concerning financial aid opportunities to assist with the cost of attending college. Educational assistance consists primarily of providing information to students and parents about financial aid opportunities that may be available at the federal or state level, how and when to apply, and assistance in completing the free application for federal student aid (fafsa). The foundation also provides loan borrowers assistance with repayment options that may be available to them to mitigate delinquencies/defaults.

Expenses: $86K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$28K
Investment income$8.7M
Other revenue
Total revenue$8.8M

Expenses

Grants paid$3.9M
Salaries & benefits$1.7M
Fundraising
Other expenses$1.5M
Total expenses$7.0M
Total assets$174.8M
Net assets$174.6M

People

7 listed

NameRoleCompensation

JIMMY PARKER

PRESIDENT/CE

Board

$242K

40 hrs/wk

ZACH BELL

CFO

Board

$153K

40 hrs/wk

RITA CRADDOCK

BOARD CHAIR

Board

2 hrs/wk

TAMMY ROARK

VICE CHAIR

Board

2 hrs/wk

LYNDA TINSLEY

BOARD SECRET

Board

2 hrs/wk

MICHAEL P RYAN

DIRECTOR

Board

2 hrs/wk

JAN BENTON

DIRECTOR

Board

2 hrs/wk

Independent contractors

BLONKVIST IG RBC WEALTH MANAGEMENT

INVESTMENT MGT

$529K

JP MORGAN CHASE & CO

INVESTMENT MGT

$187K

Details

EIN237025386
NTEE codeB82Z
Subsection03
Ruling date1981-02
Formed1979
Employees12
PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION — Mission, Financials & Grants Received | Grantivo