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CHARITY REVIEW
Issued: October 2023 Expires: October 2025

Lone Star College Foundation

Accredited Charity
Accredited Charity

Meets Standards
(832) 813-6637
5000 Research Forest Dr
The Woodlands, TX, 77381-4356
https://www.lonestar.edu/giving/
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Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Lone Star College Foundation meets the 20 Standards for Charity Accountability.

Stated Purpose:
The Lone Star College Foundation’s mission is to change lives through student scholarships and quality educational programs achieved by excellence in relationship building, fundraising, and investment management.

Year, State Incorporated:
1991, TX

The LSC Foundation raises funds to support students, faculty, staff, and special programs at the six campuses of Lone Star College. These donations are received during special events, such as the StarGala and Golf Tournament, as well as in the form of direct gifts from individuals, businesses and private foundations. Contributions are dedicated to building endowed scholarships, maintaining named scholarships, and sustaining special programs.

For the year ended August 31, 2022, Lone Star College Foundation's program expenses were:

Program services $2,886,038
Total Program Expenses $2,886,038

Chief Executive
Nicole Robinson Gauthier, CFRE, Executive Director

Chair of the Board
Mr. James Harrison, III, Principal

Chair's Profession / Business Affiliation
Harrison Kornberg Architects

Board Size
Not disclosed

Paid Staff Size
6

Method(s) Used:
Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Lone Star College Foundation's audited financial statements for the year ended August 31, 2022.

Source of Funds
Donations $2,756,940
In-kind revenue $687,917
Interest and dividends, net of investment fees $651,666
Net realized and unrealized loss on investments $-4,738,350
Total Income $-641,827

Programs: 78% Fundraising: 14% Administrative: 8%

Total Income $-641,827
Total expenses: $3,690,972
  Program expenses $2,886,038
  Fundraising expenses $526,136
  Administrative expenses $278,798
  Other expenses $0
Income in Excess of Expenses $-4,332,799
Beginning Net Assets $39,470,596
Other Changes In Net Assets $0
Ending Net Assets $35,137,797
Total Liabilities $233,949
Total Assets $35,371,746

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB of Greater Houston and South Texas