THE KILGORE COLLEGE FOUNDATION

EIN: 752599820 501(c)(3) Education

KILGORE, TX

Total Revenue
$6,323,263
Total Expenses
$1,537,167
Total Assets
$33,301,588
Net Assets
$33,301,588
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
TX
Principal Officer
MICHAEL CLEMENTS
Phone
9069838205
Tax Period
2024-09-01 to 2025-08-31

THE KILGORE COLLEGE FOUNDATION, founded in 1996, is a community nonprofit in the Education sector that reported $6.3M in total revenue in fiscal year 2024. The organization ran a surplus of $4.8M, a strong 76% operating margin.

Mission

ACCEPTS DONATIONS FOR THE BENEFIT OF KILGORE JUNIOR COLLEGE DISTRICT, AS PROVIDED UNDER SECTION 170(b).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,990,861
Program Service Revenue $0
Investment Income $3,332,402
Other Revenue $0
TOTAL REVENUE $6,323,263

Expense Breakdown

Grants Paid $1,459,138
Salaries & Benefits $0
Fundraising Expenses $51,327
Program Expenses $1,485,840
Other Expenses $78,029
TOTAL EXPENSES $1,537,167

Year-over-Year Comparison

2024 2023 Change
Revenue $6,323,263 $6,601,985 0.0%
Expenses $1,537,167 $2,599,591 -0.4%
Net Income $4,786,096 $4,002,394 +0.2%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
27
Independent Members
27
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL CLEMENTS PRESIDENT 0.00
Officer Director
$0 $0 $0
WOODIE TIPPS VICE PRESIDENT & CHAIR 0.00
Officer Director
$0 $0 $0
CLAUDIA MORGAN-GRAY SECRETARY 0.00
Officer Director
$0 $0 $0
SALLY MORTON BEANE BOARD MEMBER 0.00
Director
$0 $0 $0
RACHEL EARLES BRIAN BOARD MEMBER 0.00
Director
$0 $0 $0
TIM BRYAN BOARD MEMBER 0.00
Director
$0 $0 $0
RICKEY CLARK BOARD MEMBER 0.00
Director
$0 $0 $0
JAY DEAN BOARD MEMBER 0.00
Director
$0 $0 $0
BRANDON DODD BOARD MEMBER 0.00
Director
$0 $0 $0
DENNY EBY BOARD MEMBER 0.00
Director
$0 $0 $0
AL HORANEY BOARD MEMBER 0.00
Director
$0 $0 $0
EILEEN KOSNIK BOARD MEMBER 0.00
Director
$0 $0 $0
MELISSA MARCOTT BOARD MEMBER 0.00
Director
$0 $0 $0
TONY MCCULLOUGH BOARD MEMBER 0.00
Director
$0 $0 $0
REECE NICHOLS BOARD MEMBER 0.00
Director
$0 $0 $0
JOHN NUSTAD BOARD MEMBER 0.00
Director
$0 $0 $0
MELINDA RANDALL BOARD MEMBER 0.00
Director
$0 $0 $0
KEN RANEY BOARD MEMBER 0.00
Director
$0 $0 $0
MOLLY RILEY BOARD MEMBER 0.00
Director
$0 $0 $0
JOSEPH STEPHENS BOARD MEMBER 0.00
Director
$0 $0 $0
JANIE TERRELL BOARD MEMBER 0.00
Director
$0 $0 $0
CYNDI WALKER BOARD MEMBER 0.00
Director
$0 $0 $0
MASON WELCH BOARD MEMBER 0.00
Director
$0 $0 $0
JAN WYLIE BOARD MEMBER 0.00
Director
$0 $0 $0
DARRYL AUTRY BOARD MEMBER 0.00
Director
$0 $0 $0
JESSE GALLEGOS BOARD MEMBER 0.00
Director
$0 $0 $0
REECE NICHOLS BOARD MEMBER 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $6,323,263 $1,537,167 $33,301,588 $4,786,096
2024 $6,601,985 $2,599,591 $28,563,046 $4,002,394
2023 $2,414,786 $1,021,287 $24,515,282 $1,393,499
2022 $2,456,669 $3,271,374 $21,898,658 $-814,705
2021 $6,300,801 $732,853 $27,613,356 $5,567,948
2020 $14,079,805 $2,110,634 $22,046,408 $11,969,171
2019 $4,561,330 $2,485,240 $10,076,237 $2,076,090
2018 $1,292,970 $772,620 $8,000,147 $520,350
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