Nonprofit · EIN 23-7272448
PORT ARTHUR HIGHER EDUCATION FOUNDATION INC
Also known as PHARES BANKER TTEE
Tax-exempt · PORT ARTHUR, TX 77641
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,106,058 | $464,002 | $642,056 | $10,181,963 | $1,901 | $10,180,062 |
| December 31, 2024 | 990 | $1,276,232 | $349,229 | $927,003 | $8,814,197 | $4,401 | $8,809,796 |
| December 31, 2023 | 990 | $297,755 | $341,106 | -$43,351 | $8,042,871 | $13,688 | $8,029,183 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $709,173
- Program service revenue
- $0
- Investment income
- $338,093
- Net gain from sales of assets
- $141,026
- Other revenue
- $58,792
Expenses
- Grants and similar amounts paid
- $413,825
- Other salaries and wages
- $21,000
- Salaries, compensation and benefits (total)
- $22,606
- Professional fundraising fees
- $0
- Accounting fees
- $22,490
- Program services (functional)
- $413,825
- Management and general (functional)
- $50,177
Balance sheet and other
- Total assets, start of year
- $8,814,197
- Total assets, end of year
- $10,181,963
- Total liabilities, end of year
- $1,901
- Net assets, end of year
- $10,180,062
- Publicly traded securities
- $9,849,755
- Net assets without donor restrictions
- $1,277,148
- Net assets with donor restrictions
- $8,902,914
- Gross receipts
- $2,005,420
- Employees
- 1
- Volunteers
- 18
- Year formed
- 1973
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| A MORRIS ALBRIGHT | DIRECTOR Trustee or director | – | $0 |
| SAM MONROE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ED BOONE | CHAIRMAN OF Trustee or director, Officer | 0.25 | $0 |
| ELIZABETH CRAVENS | DIRECTOR Trustee or director | – | $0 |
| LEONARD GABRIEL JR | DIRECTOR Trustee or director | – | $0 |
| JEFF HAYES | DIRECTOR Trustee or director | – | $0 |
| JAMES MOORE SR | DIRECTOR Trustee or director | – | $0 |
| GEORGE TAYLOR | DIRECTOR Trustee or director | – | $0 |
| BILL WORSHAM | DIRECTOR Trustee or director | – | $0 |
| VERNA RUTHERFORD | VICE CHAIRMA Trustee or director, Officer | 0.1 | $0 |
| SHEILA UMPHREY | DIRECTOR Trustee or director | – | $0 |
| MARTIN BLITCH | DIRECTOR Trustee or director | – | $0 |
| RON BURTON | DIRECTOR Trustee or director | – | $0 |
| MARY ANN REID | DIRECTOR Trustee or director | – | $0 |
| ALLISON VERRET WRIGHT | DIRECTOR Trustee or director | – | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY PARSLEY | DIRECTOR Trustee or director | – | $0 |
| JOHN COMEAUX | SECRETARY/TR Trustee or director, Officer | 0.5 | $0 |
| STUART SALTER | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| A MORRIS ALBRIGHT | DIRECTOR Trustee or director | – | $0 |
| SAM MONROE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ED BOONE | CHAIRMAN OF Trustee or director, Officer | 0.25 | $0 |
| JOHN COMEAUX | SECRETARY/TR Trustee or director, Officer | 0.5 | $0 |
| ELIZABETH CRAVENS | DIRECTOR Trustee or director | – | $0 |
| LEONARD GABRIEL JR | DIRECTOR Trustee or director | – | $0 |
| JEFF HAYES | DIRECTOR Trustee or director | – | $0 |
| JAMES MOORE SR | DIRECTOR Trustee or director | – | $0 |
| GEORGE TAYLOR | DIRECTOR Trustee or director | – | $0 |
| BILL WORSHAM | DIRECTOR Trustee or director | – | $0 |
| VERNA RUTHERFORD | VICE CHAIRMA Trustee or director, Officer | 0.1 | $0 |
| SHEILA UMPHREY | DIRECTOR Trustee or director | – | $0 |
| MARTIN BLITCH | DIRECTOR Trustee or director | – | $0 |
| RON BURTON | DIRECTOR Trustee or director | – | $0 |
| MARY ANN REID | DIRECTOR Trustee or director | – | $0 |
| ALLISON VERRET WRIGHT | DIRECTOR Trustee or director | – | $0 |
| GARY PARSLEY | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| A MORRIS ALBRIGHT | DIRECTOR Trustee or director | – | $0 |
| SAM MONROE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ED BOONE | CHAIRMAN OF Trustee or director, Officer | 0.25 | $0 |
| JOHN COMEAUX | SECRETARY/TR Trustee or director, Officer | 0.5 | $0 |
| ELIZABETH CRAVENS | DIRECTOR Trustee or director | – | $0 |
| LEONARD GABRIEL JR | DIRECTOR Trustee or director | – | $0 |
| JEFF HAYES | DIRECTOR Trustee or director | – | $0 |
| JAMES MOORE SR | DIRECTOR Trustee or director | – | $0 |
| HONORABLE CARL A PARKER | DIRECTOR Trustee or director | – | $0 |
| GEORGE TAYLOR | DIRECTOR Trustee or director | – | $0 |
| BILL WORSHAM | DIRECTOR Trustee or director | – | $0 |
| VERNA RUTHERFORD | VICE CHAIRMA Trustee or director, Officer | 0.1 | $0 |
| SHEILA UMPHREY | DIRECTOR Trustee or director | – | $0 |
| BETTY J REYNARD | DIRECTOR Trustee or director | – | $0 |
| MARTIN BLITCH | DIRECTOR Trustee or director | – | $0 |
| RON BURTON | DIRECTOR Trustee or director | – | $0 |
| MARY ANN REID | DIRECTOR Trustee or director | – | $0 |
| ALLISON VERRET WRIGHT | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1446, PORT ARTHUR, TX 77641-1446
- Principal officer (990 for 2025)
- SAM MONROE, 4400 MARKWOOD COURT, PORT ARTHUR, TX 77642
- Signed the 990
- SAM MONROE, PRESIDENT
- Phone
- (409) 984-6114
- Return prepared by
- MAZUR & VERNON CPA'S
Mission
TO PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT LAMAR STATE COLLEGE - PORT ARTHUR
Program accomplishments
- PROVIDING TO LAMAR STATE COLLEGE - PORT ARTHUR BY AWARDING SCHOLARSHIPS TO STUDENTS.Expenses $406,825 · grants $406,825
- PROVIDING GRANTS AND OTHER ASSISTANCE TO ORGANIZATIONS.Expenses $7,000 · grants $7,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7272448
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B40I)
- Assets (IRS master file)
- $10,181,963
- Income (IRS master file)
- $2,005,420
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,106,058 | $464,002 | $10,181,963 | XML |
| 990 | December 2024 | $1,276,232 | $349,229 | $8,814,197 | XML |
| 990 | December 2023 | $297,755 | $341,106 | $8,042,871 | XML |
| 990 | December 2022 | $589,567 | $372,734 | $7,844,591 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7272448).
Questions about PORT ARTHUR HIGHER EDUCATION FOUNDATION INC
- What is the EIN of PORT ARTHUR HIGHER EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of PORT ARTHUR HIGHER EDUCATION FOUNDATION INC is 23-7272448.
- Is PORT ARTHUR HIGHER EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to PORT ARTHUR HIGHER EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PORT ARTHUR HIGHER EDUCATION FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PORT ARTHUR HIGHER EDUCATION FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PORT ARTHUR HIGHER EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PORT ARTHUR HIGHER EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names SAM MONROE.
- Who are the officers and directors of PORT ARTHUR HIGHER EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 18 people; 0 received compensation from the organization.
- How much revenue does PORT ARTHUR HIGHER EDUCATION FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,106,058, expenses of $464,002 and total assets of $10,181,963 at year end.
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- PORT ARTHUR EDUCATION FOUNDATION INC EIN 47-4585087 · last filed 990 for 2025
- JAMAAL CHARLES YOUTH MATTERS FAMILY FOUNDATION EIN 27-2795460 · last filed 990-N for 2024
- PTA TEXAS CONGRESS EIN 30-0922244 · last filed 990-N for 2025
- FRIENDS OF THE PORT ARTHUR PUBLIC LIBRARY EIN 23-7339540 · last filed 990-N for 2025
- SEEKING EXCELLENCE IN EDUCATION AND KNOWLEDGE EIN 47-2745068 · last filed 990-N for 2025
- LAW ACADEMY INC EIN 55-0883029 · last filed 990-N for 2025
- PTA TEXAS CONGRESS EIN 80-0796838 · last filed 990-N for 2024