Civic Intelligence

Wallace State Community College Future Foundation Inc.

990 • Fiscal year 2020 • EIN 20-1438564

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization ProfileN/A
801 Main Street NWHanceville, AL 35077

(256) 352-8144

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

83rd percentile

32%

Higher net margin than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

34th percentile

0.4%

Faster asset growth than 34% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

18%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$4,393,519

Up $18,989 (+0.4%) from 2019

Net Assets

Up

$4,393,519

Up $159,689 (+3.8%) from 2019

Liabilities

Down

$0

Down $140,700 (-100%) from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin83rd percentile

Revenue

Up

$1,068,359

Up $165,090 (+18%) from 2019

Expenses

Up

$722,363

Up $126,979 (+21%) from 2019

Net Income

Up

$345,996

Up $38,111 (+12%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $1,751,604Liabilities 2011: $134Net Assets 2011: $1,751,4702011Assets 2012: $2,034,486Liabilities 2012: $21,938Net Assets 2012: $2,012,5482012Assets 2013: $2,104,827Liabilities 2013: $0Net Assets 2013: $2,104,8272013Assets 2014: $2,228,758Liabilities 2014: $0Net Assets 2014: $2,228,7582014Assets 2015: $2,393,803Liabilities 2015: $1,705Net Assets 2015: $2,392,0982015Assets 2016: $2,414,125Liabilities 2016: $0Net Assets 2016: $2,414,1252016Assets 2017: $2,832,725Liabilities 2017: $0Net Assets 2017: $2,832,7252017Assets 2018: $3,895,453Liabilities 2018: $0Net Assets 2018: $3,895,4532018Assets 2019: $4,374,530Liabilities 2019: $140,700Net Assets 2019: $4,233,8302019Assets 2020: $4,393,519Liabilities 2020: $0Net Assets 2020: $4,393,5192020Assets 2021: $5,796,616Liabilities 2021: $0Net Assets 2021: $5,796,6162021Assets 2022: $6,234,798Liabilities 2022: $4,093Net Assets 2022: $6,230,7052022Assets 2023: $7,458,931Liabilities 2023: $0Net Assets 2023: $7,458,9312023Assets 2024: $8,175,254Liabilities 2024: $0Net Assets 2024: $8,175,2542024

Highlighted filing

2020

Assets$4,393,519
Liabilities$0
Net Assets$4,393,519
Open 2020 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0Revenue 2011: $257,740Expenses 2011: $157,530Net Income 2011: $100,2102011Revenue 2012: $552,167Expenses 2012: $291,089Net Income 2012: $261,0782012Expenses 2013: $267,3062013Revenue 2014: $306,873Expenses 2014: $253,201Net Income 2014: $53,6722014Revenue 2015: $549,875Expenses 2015: $356,534Net Income 2015: $193,3412015Revenue 2016: $355,632Expenses 2016: $353,903Net Income 2016: $1,7292016Revenue 2017: $741,306Expenses 2017: $437,257Net Income 2017: $304,0492017Revenue 2018: $1,503,642Expenses 2018: $458,960Net Income 2018: $1,044,6822018Revenue 2019: $903,269Expenses 2019: $595,384Net Income 2019: $307,8852019Revenue 2020: $1,068,359Expenses 2020: $722,363Net Income 2020: $345,9962020Revenue 2021: $953,473Expenses 2021: $471,478Net Income 2021: $481,9952021Revenue 2022: $2,491,571Expenses 2022: $703,009Net Income 2022: $1,788,5622022Revenue 2023: $1,193,175Expenses 2023: $741,091Net Income 2023: $452,0842023Revenue 2024: $1,119,177Expenses 2024: $789,080Net Income 2024: $330,0972024

Highlighted filing

2020

Revenue$1,068,359
Expenses$722,363
Net Income$345,996
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$1,161,684
Mission and Program Overview

Mission

The foundation is a not-for-profit corporation that assists wallace state community college, a public institution of higher education, in fulfilling and performing its educational purposes

To benefit the educational objectives of wallace state community college

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,374,607$3,640,696▲ $266,089
Cash and Non-Interest-Bearing Accounts$429,033$339,620▼ $89,413
Pledges and Grants Receivable$442,348$284,661▼ $157,687
Prepaid Expenses and Deferred Charges$699$699→ $0
Accounts Receivable$443$443→ $0
Total Assets$4,374,530$4,393,519▲ $18,989
Other Assets Total$127,400$127,400→ $0
Liabilities
Accounts Payable and Accrued Expenses$140,700$0▼ $140,700
Total Liabilities$140,700$0▼ $140,700
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,118,748$4,323,413▲ $204,665
Net Assets Without Donor Restrictions$115,082$70,106▼ $44,976
Total Net Assets Fund Balance$4,233,830$4,393,519▲ $159,689
Total Liabilities and Net Assets / Fund Balance$4,374,530$4,393,519▲ $18,989

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$2,537,344$277,976--$2,815,320
2018$2,494,305$43,039--$2,537,344
2017$1,631,677$862,628--$2,494,305
2016$1,404,444$227,233--$1,631,677
2015$1,345,216$59,228--$1,404,444
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Jason SpannPast President
Tim ComptonPresident
Lisa WeeksVice President
Billy JacksonBoard Member
Cheryl BaileyBoard Member
Dale GreerBoard Member
Donna GuthrieBoard Member
Jim DavisBoard Member
John RileyBoard Member
Retha TinneyBoard Member
Richard PhillipsBoard Member
Robbie McalpineBoard Member
Scotty HooperBoard Member
Shirley QuattlebaumBoard Member
Tomesa SmithBoard Member
Will HardingBoard Member
Jason WhiteAlumni Rep
Betty Leeth HaynesEmeritus
Fred CespedesEmeritus
Vicki KarolewicsEx-officio
Bill St JohnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$907,564
Program Service Revenue
$0
Investment Income
$174,904
Other Revenue
$-14,109
All Other Contributions
$786,493
Change in Net Assets
$345,996

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,052,824
Revenue Not Reported on Financial Statements
$15,535
Revenue Not Reported on Form 990
$-172,198
Other Revenue Adjustments
$15,535
Total Revenue per Audited Statements
$880,626
Total Revenue per Form 990
$1,068,359
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$417,156
Other Expenses$305,207
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$417,156--$417,156
Fees for Service Investment Mgmnt Fees-$15,535-$15,535
Fees for Services Accounting$4,475$4,475-$8,950
All Other Expenses$4,065$1,744-$5,809
Other Expenses$7,195$5,227-$5,227
Office Expenses$1,092$728-$1,820
Insurance-$1,340-$1,340
Conferences and Meetings$641--$641
Total Functional Expenses$642,300$80,063$0$722,363

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$722,363
Total Expenses per Audited Statements$720,937
Expenses per Audited Statements$706,828
Expenses Not Reported on Financial Statements$15,535
Other Expense Adjustments$15,535
Expenses Not Reported on Form 990$14,109
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$14,109
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Foundation/alumni Events$107,299-$14,109-
Total Events$107,299-$14,109$-14,109
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The board and officers provide all supporting documents for preparation of the information return and the board reviews the form 990 prior to filing”

Form 990, Part VI, Section B, Line 12C

“There is no formal process set forth to monitor compliance with this policy. It is expressly known by all directors and officers that conflicts of interest are not allowed.”

Form 990, Part VI, Section C, Line 19

“All governing documents, conflict of interest policy, financial statements and form 990 are available for public inspection at the office of the organization at 801 main street nw, hanceville, al 35077.”

Filing and Contact Details

Filer

Filer Name
Wallace State Community College Future
EIN
20-1438564
Phone
2563528144
Address
801 MAIN STREET NW, HANCEVILLE, AL 35077

Signing Officer

Name
Tim Compton
Title
President
Phone
2563528144
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Compton
Formed
2004
Legal Domicile
Al
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
83

Preparer

Firm
Dipiazza Larocca Heeter & Co LLC
Address
P O BOX 530095, BIRMINGHAM, AL 35253-0095
Preparer
Monty S Waites CPA
Phone
2058719973
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The organization intends to hold the principal amount of the endowments in perpetuity”

PART X, LINE 2:

“The foundation follows the provisions of financial accounting standards board (fasb) asc topic 740, accounting for uncertainty in income taxes. As of june 30, 2020, the foundation had no uncertain tax positions that qualify for disclosure in the financial statements. The foundation files an annual form 990 with the irs and its tax returns for previous open tax years may be subject to examination by taxing authorities.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 14,109.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“INVESTMENT FEES 15,535.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 14,109.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“INVESTMENT FEES 15,535.”

Raw XML AppendixShowing 400 of 554 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0140700
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/AccountsReceivableGrp/BOYAmt0443
IRS990/AccountsReceivableGrp/EOYAmt0443
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO BENEFIT THE EDUCATIONAL OBJECTIVES OF WALLACE STATE COMMUNITY COLLEGE
IRS990/AllOtherContributionsAmt0786493
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01744
IRS990/AllOtherExpensesGrp/ProgramServicesAmt04065
IRS990/AllOtherExpensesGrp/TotalAmt05809
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SUZANNE HARBIN
IRS990/BooksInCareOfDetail/PhoneNum02563528144
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0801 MAIN STREET NW
IRS990/BooksInCareOfDetail/USAddress/CityNm0HANCEVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd035077
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0429033
IRS990/CashNonInterestBearingGrp/EOYAmt0339620
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0641
IRS990/ConferencesMeetingsGrp/TotalAmt0641
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt0107299
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0907564
IRS990/CYGrantsAndSimilarPaidAmt0417156
IRS990/CYInvestmentIncomeAmt0174904
IRS990/CYOtherExpensesAmt0305207
IRS990/CYOtherRevenueAmt0-14109
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0345996
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0722363
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01068359
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE ORGANIZATION HAS ADVANCED THE EDUCATIONAL OBJECTIVES OF THE COLLEGE THROUGH THE SUBSIDATION OF STUDENTS AND FACULTY BY PROVIDING SCHOLARSHIPS, STIPENDS, AND MINI-GRANTS FOR EDUCATIONALLY-RELATED PROJECTS
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt04118748
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt04323413
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0642300
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04475
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt04475
IRS990/FeesForServicesAccountingGrp/TotalAmt08950
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt015535
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt015535
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt181.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt191.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt201.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/PersonNm0FRED CESPEDES
IRS990/Form990PartVIISectionAGrp/PersonNm1DALE GREER
IRS990/Form990PartVIISectionAGrp/PersonNm2DONNA GUTHRIE
IRS990/Form990PartVIISectionAGrp/PersonNm3SCOTTY HOOPER
IRS990/Form990PartVIISectionAGrp/PersonNm4BILLY JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm5SHIRLEY QUATTLEBAUM
IRS990/Form990PartVIISectionAGrp/PersonNm6RETHA TINNEY
IRS990/Form990PartVIISectionAGrp/PersonNm7VICKI KAROLEWICS
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN RILEY
IRS990/Form990PartVIISectionAGrp/PersonNm9BETTY LEETH HAYNES
IRS990/Form990PartVIISectionAGrp/PersonNm10JIM DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm11CHERYL BAILEY
IRS990/Form990PartVIISectionAGrp/PersonNm12JASON WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm13WILL HARDING
IRS990/Form990PartVIISectionAGrp/PersonNm14ROBBIE MCALPINE
IRS990/Form990PartVIISectionAGrp/PersonNm15RICHARD PHILLIPS
IRS990/Form990PartVIISectionAGrp/PersonNm16TOMESA SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm17TIM COMPTON
IRS990/Form990PartVIISectionAGrp/PersonNm18LISA WEEKS
IRS990/Form990PartVIISectionAGrp/PersonNm19JASON SPANN
IRS990/Form990PartVIISectionAGrp/PersonNm20BILL ST JOHN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12ALUMNI REP
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0107299
IRS990/FundraisingDirectExpensesAmt014109
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt05720
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantAmt0417156
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0417156
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0417156
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt084936
IRS990/GrossReceiptsAmt01161684
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01340
IRS990/InsuranceGrp/TotalAmt01340
IRS990/InvestmentIncomeGrp/ExclusionAmt0169184
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0169184
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0AL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt079216
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt013772
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION THAT ASSISTS WALLACE STATE COMMUNITY COLLEGE, A PUBLIC INSTITUTION OF HIGHER EDUCATION, IN FULFILLING AND PERFORMING ITS EDUCATIONAL PURPOSES
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04233830
IRS990/NetAssetsOrFundBalancesEOYAmt04393519
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt05720
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05720
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-14109
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-14109
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-186307
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0115082
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt070106
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0728
IRS990/OfficeExpensesGrp/ProgramServicesAmt01092
IRS990/OfficeExpensesGrp/TotalAmt01820
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0127400
IRS990/OtherAssetsTotalGrp/EOYAmt0127400
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ALUMNI EXPENSE
IRS990/OtherExpensesGrp/Desc1SPECIAL PROJECT AND EVE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018424
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt132590
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25227
IRS990/OtherExpensesGrp/ProgramServicesAmt0133979
IRS990/OtherExpensesGrp/ProgramServicesAmt173697
IRS990/OtherExpensesGrp/ProgramServicesAmt27195
IRS990/OtherExpensesGrp/TotalAmt0133979
IRS990/OtherExpensesGrp/TotalAmt192121
IRS990/OtherExpensesGrp/TotalAmt239785
IRS990/OtherExpensesGrp/TotalAmt35227
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0442348
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0284661
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0699
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0699
IRS990/PrincipalOfficerNm0TIM COMPTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0702486
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0333105
IRS990/PYInvestmentIncomeAmt0211752
IRS990/PYOtherExpensesAmt0262279
IRS990/PYOtherRevenueAmt0-10969
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0307885
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0595384
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0903269
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0345996
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03374607
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03640696
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0907564
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0702486
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01427608
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0717455
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0396932
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04152045
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0169184
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0189292
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt082741
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt032371
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt020797
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0494385
IRS990ScheduleA/PublicSupportCY170Pct00.89360
IRS990ScheduleA/PublicSupportPY170Pct00.91130
IRS990ScheduleA/PublicSupportTotal170Amt04152045
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0907564
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0702486
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01427608
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0717455
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0396932
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04152045
IRS990ScheduleA/TotalSupportAmt04646430
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02537344
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0277976
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02815320
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02494305
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt043039
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02537344
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01631677
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0862628
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02494305
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01404444
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0227233
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01631677
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01345216
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt059228
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01404444
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt014109
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt015535
IRS990ScheduleD/ExpensesSubtotalAmt0706828
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-186307

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,393,519
Liabilities
$0
Net assets
$4,393,519
Revenue
$1,068,359
Expenses
$722,363
Net income
$345,996
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.18$0.00$8.18$1.12$0.79$0.33
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.46$0.00$7.46$1.19$0.74$0.45
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.23$0.00$6.23$2.49$0.70$1.79
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.80$0.00$5.80$0.95$0.47$0.48
2020Detailed filing. Detailed filing data is available for this year.$4.39$0.00$4.39$1.07$0.72$0.35
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.37$0.14$4.23$0.90$0.60$0.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.90$0.00$3.90$1.50$0.46$1.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$0.00$2.83$0.74$0.44$0.30
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.41$0.00$2.41$0.36$0.35$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.39$0.00$2.39$0.55$0.36$0.19
2014Detailed filing. Detailed filing data is available for this year.$2.23$0.00$2.23$0.31$0.25$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.00$2.10$0.27
2012Summary only. Only limited summary data is available for this year.$2.03$0.02$2.01$0.55$0.29$0.26
2011Summary only. Only limited summary data is available for this year.$1.75$0.00$1.75$0.26$0.16$0.10