Cash Balances
As of 6/20/14
TAHB
$37,771 - Cash
$800,331 - Scholarship
Endowment
TAMC
$59,292
(most used for rush and
summer overhead)
TAEF
$1,683,457 - Investments
$150,000 - Cash/ CDs
None of the boards have any debt. TAMC and TAHB are cash flow positive,
and operate above break-even.
We have a professional bookkeeper that, alongside of officers from each board,
supplies financial information to Blazek & Vettering accounting firm in Houston, TX.
We are current with all tax filings.
TAEF Scholarships/educational distributions in fiscal year 2013 totaled approximately $76,079.
Estimated TAEF scholarships/educational distributions in fiscal year 2014
to distribute are more than $85,000.
TAHB is designated by Phi Kappa Psi Endowment as administrator
of all nationally based endowment funds.
Estimated scholarship distributions for fiscal year 2014 are approximately $40,000.
