JUDGE DON AND DEBORAH HIGGINBOTHAM EDUCATIONAL FOUNDATION INC

EIN: 823659244 501(c)(3) Education

GEORGETOWN, TX

Total Revenue
$67,067
Total Expenses
$89,259
Total Assets
$1,895,904
Net Assets
$1,895,904
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
TX
Principal Officer
DR LEE OGBURN-RUSSELL
Phone
5128181800
Tax Period
2023-01-01 to 2023-12-31

JUDGE DON AND DEBORAH HIGGINBOTHAM EDUCATIONAL FOUNDATION INC, founded in 2017, is a micro nonprofit in the Education sector that reported $67K in total revenue in fiscal year 2023. Expenses of $89K exceeded revenue, resulting in a 33% operating deficit.

Mission

PROVIDE EDUCATIONAL BENEFITS TO VETERANS, THEIR SPOUSES AND THEIR CHILDREN TO ATTEND A HIGHER EDUCATIONAL INSTITUTION OR VOCATIONAL SCHOOL IN TEXAS THROUGH EITHER DIRECT SCHOLARSHIPS OR GRANTS TO HIGHER EDUCATIONAL INSTITUTIONS AND VOCATIONAL SCHOOLS.

Program Service Accomplishments

Program 1
Expenses: $78,598

THE ORGANIZATION AWARDED SEVEN 10,000 SCHOLARSHIPS TO STUDENTS AT TEXAS UNIVERSITIES. THE ORGANIZATION ALSO MADE A DONATION OF 5,000 TO THE MARINE MILITARY ACADEMY IN HARLINGEN, TEXAS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,160
Program Service Revenue $0
Investment Income $55,907
Other Revenue $0
TOTAL REVENUE $67,067

Expense Breakdown

Grants Paid $70,000
Salaries & Benefits $3,598
Fundraising Expenses $0
Program Expenses $78,598
Other Expenses $15,661
TOTAL EXPENSES $89,259

Year-over-Year Comparison

2023 2022 Change
Revenue $67,067 $-78,383 -1.9%
Expenses $89,259 $65,954 +0.4%
Net Income $-22,192 $-144,337 -0.8%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR STEPHEN BENOLD TREASURER 2.00
Officer Director
$0 $0 $0
DAN A GATTIS DIRECTOR 2.00
Director
$0 $0 $0
DAN M GATTIS DIRECTOR 2.00
Director
$0 $0 $0
SHANA GATTIS DIRECTOR 2.00
Director
$0 $0 $0
DR LEE OGBURN-RUSSELL PRESIDENT 2.00
Officer Director
$0 $0 $0
KERRY RUSSELL SECRETARY 2.00
Officer Director
$0 $0 $0
JUDGE BILLY RAY STUBBLEFIELD VICE-PRESIDE 2.00
Officer 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
2024 No data No data No data No data
2023 $67,067 $89,259 $1,895,904 $-22,192
2022 $-78,383 $65,954 $1,844,081 $-144,337
2021 $74,832 $54,127 $2,125,572 $20,705
2020 $100,578 $12,207 $2,119,998 $88,371
2019 $905,403 $809,423 $2,050,645 $95,980
2018 $2,059,904 $105,680 $1,954,224 $1,954,224
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