LAMAR INSTITUTE OF TECHNOLOGY FOUNDATION Charity Report

Public IRS 990 nonprofit record

LAMAR INSTITUTE OF TECHNOLOGY FOUNDATION

EIN 76-0588576 · Education (B420)

What they do

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 TECHNOLOGYS PLANS and PROVIDE THEM WITH SUGGESTIONS ON HOW to IMPROVE THE TRAINING THEY PROVIDE IN THIS REGION

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $71.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders34 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

23.57%of revenue went to mission work71.4% of expenses · Program services

0.11%of revenue went to fundraising0.3% of expenses

$33.03spent for every $100 of revenueRevenue covered expenses this year.

9.35%of revenue went to management and office costs28.3% of expenses

$18.41in assets for every $1 spent this yearSome assets cannot be spent right away.

65.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,572,706

Mission workProgram services$370,74923.57% of revenue71.4% of expenses

ManagementOffice and general costs$147,0519.35% of revenue28.3% of expenses

FundraisingAsking for donations$1,6570.11% of revenue0.3% of expenses

Revenue left after expensesReported annual surplus$1,053,24966.97% of revenueShown in gray on the chart

Total expenses$519,45733.03% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 71.4% mission · 28.3% management · 0.3% fundraisingTotal expenses: 33.03% of revenue

2023Expense mix: 93.5% mission · 6.5% management · 0.0% fundraisingTotal expenses: 136.15% of revenue

2022Expense mix: 65.1% mission · 34.9% management · 0.0% fundraisingTotal expenses: 66.22% of revenue

2021Expense mix: 58.6% mission · 41.2% management · 0.2% fundraisingTotal expenses: 14.28% of revenue

2020Expense mix: 77.6% mission · 21.2% management · 1.1% fundraisingTotal expenses: 77.77% of revenue

2019Expense mix: 91.0% mission · 9.0% management · 0.0% fundraisingTotal expenses: 33.72% of revenue

2018Expense mix: 88.5% mission · 11.5% management · 0.0% fundraisingTotal expenses: 56.70% of revenue

2017Expense mix: 88.0% mission · 12.0% management · 0.0% fundraisingTotal expenses: 39.01% of revenue

Money in and money out

Revenue$1,572,706

Expenses$519,457

Annual surplus $1,053,249 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$370,749 · 71.4% of expenses

Management and office costs$147,051 · 28.3% of expenses

Fundraising$1,657 · 0.3% of expenses

See all reported dollar amounts

Revenue$1,572,706

Expenses$519,457

Assets$9,563,348

Income$2,386,042

Contributions$1,023,870

Mission work (program services)$370,749

Fundraising$1,657

Grants given$3,619,142

Average grant$402,127

Management and general$147,051

Stocks and bonds$9,129,141

Accounting fees$23,885

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (34)

PAUL BLACKBURNDIRECTOR

JERRY VANDERVOORTPRESIDENT

JESSICA TUBBSDIRECTOR

JOHN BILBODIRECTOR

JUDY HONEYCUTTMEMBER

KATHLEEN JACKSONDIRECTOR

KRISTA L HUNTEREXECUTIVE DI

MARY ANN REIDTREASURER

MIKE KUNSTDIRECTOR

JERRY STUMBODIRECTOR

RAYMOND POLKDIRECTOR

RICKEY SIMMONSDIRECTOR

ROD CARROLLAUDIT CHAIRM

RYAN VICKDIRECTOR

SCOTT SCHWARTZDIRECTOR

SLATE BABINEAUXDIRECTOR

ZACH JOHNSONDEVELOPMENT

EVA GEERSECRETARY

ANTHONY TOUPSDIRECTOR

BARRY MITCHAELDIRECTOR

BILL HARRINGTONDIRECTOR

CLINT WILSONDIRECTOR

DARYL GILBERT SRDIRECTOR

DAVE STEPHENSDIRECTOR

DAVID THORNHILLVICE PRESIDE

EDDIE ARNOLDDIRECTOR

A B BERNARDDIRECTOR

GARY PARSLEYINVESTMENT C

GISELA HOUSEMANDIRECTOR

HERSCHEL STAGNER JRDIRECTOR CHA

J PEACOCKDIRECTOR

JAKE TORTORICEDIRECTOR

JEAN MCFADDINDIRECTOR

JEREMY LITTLEDIRECTOR

About this charity

Recognized since: January 2000
Location: PO BOX 10085, BEAUMONT, TX 77710-0085
County: Jefferson
In care of: % JOANNE BROWN
Primary officer: KRISTA L HUNTER, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailrecruit@lit.edu Phone(409) 839-2956

Filing and classification

Latest tax year: 2024
Tax period began: September 1, 2024
Return type: 990
Tax preparer: THEOBALD DEMAHY & CO PC
NTEE classification: Education (B420)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes