Civic Intelligence

Jefferson Community and Technical College Foundation Inc.

990 • Fiscal year 2017 • EIN 23-7035648

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 26, 2018

109 East Broadway No 302ALouisville, KY 40202

(502) 584-0181

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.02x

Higher debt load relative to revenue than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

1st percentile

-402%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

95th percentile

$326,192

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 198.4% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

3rd percentile

-33%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-89%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$3,438,332

Down $1,662,043 (-33%) from 2016

Net Assets

Down

$3,435,215

Down $639,038 (-16%) from 2016

Liabilities

Down

$3,117

Down $1,023,005 (-100%) from 2016

Revenue

Down

$164,372

Down $1,269,838 (-89%) from 2016

Expenses

Down

$825,110

Down $297,843 (-27%) from 2016

Net Income

Down

-$660,738

Down $971,995 (-312%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2013: $4,719,037Liabilities 2013: $1,818,629Net Assets 2013: $2,900,4082013Assets 2014: $4,859,823Liabilities 2014: $1,368,709Net Assets 2014: $3,491,1142014Assets 2015: $4,964,635Liabilities 2015: $1,197,650Net Assets 2015: $3,766,9852015Assets 2016: $5,100,375Liabilities 2016: $1,026,122Net Assets 2016: $4,074,2532016Assets 2017: $3,438,332Liabilities 2017: $3,117Net Assets 2017: $3,435,2152017Assets 2018: $6,918,010Liabilities 2018: $54,807Net Assets 2018: $6,863,2032018Assets 2019: $4,944,012Liabilities 2019: $35,209Net Assets 2019: $4,908,8032019Assets 2020: $6,301,309Liabilities 2020: $402,897Net Assets 2020: $5,898,4122020Assets 2021: $6,580,706Liabilities 2021: $98,524Net Assets 2021: $6,482,1822021Assets 2022: $6,063,573Liabilities 2022: $27,520Net Assets 2022: $6,036,0532022Assets 2023: $6,686,287Liabilities 2023: $2,876Net Assets 2023: $6,683,4112023Assets 2024: $8,819,647Liabilities 2024: $76,227Net Assets 2024: $8,743,4202024Assets 2025: $10,626,131Liabilities 2025: $28,210Net Assets 2025: $10,597,9212025

Highlighted filing

2017

Assets$3,438,332
Liabilities$3,117
Net Assets$3,435,215

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2013: $1,074,2442013Revenue 2014: $1,416,191Expenses 2014: $851,340Net Income 2014: $564,8512014Revenue 2015: $1,453,909Expenses 2015: $1,182,523Net Income 2015: $271,3862015Revenue 2016: $1,434,210Expenses 2016: $1,122,953Net Income 2016: $311,2572016Revenue 2017: $164,372Expenses 2017: $825,110Net Income 2017: -$660,7382017Revenue 2018: $3,834,049Expenses 2018: $421,044Net Income 2018: $3,413,0052018Revenue 2019: $2,130,434Expenses 2019: $4,065,101Net Income 2019: -$1,934,6672019Revenue 2020: $1,977,555Expenses 2020: $1,007,368Net Income 2020: $970,1872020Revenue 2021: $1,176,353Expenses 2021: $682,423Net Income 2021: $493,9302021Revenue 2022: $637,456Expenses 2022: $902,094Net Income 2022: -$264,6382022Revenue 2023: $1,404,166Expenses 2023: $918,828Net Income 2023: $485,3382023Revenue 2024: $3,451,560Expenses 2024: $873,825Net Income 2024: $2,577,7352024Revenue 2025: $2,354,664Expenses 2025: $720,145Net Income 2025: $1,634,5192025

Highlighted filing

2017

Revenue$164,372
Expenses$825,110
Net Income-$660,738
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 26, 2018
Return Version
2016v3.0
Gross Receipts
$3,697,861
Mission and Program Overview

Mission

The mission of the jefferson community & technical college foundation, inc. Is to develop strategic alliances with private and public resources and to pursue external funding sources that benefit jefferson community & technical college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,549,460--
Savings and Temporary Cash Investments$1,263,560$2,189,580▲ $926,020
Investments Other Securities$170,772$188,318▲ $17,546
Accounts Receivable$4,571$5,258▲ $687
Prepaid Expenses and Deferred Charges$5,706$3,385▼ $2,321
Pledges and Grants Receivable$103,043$2,333▼ $100,710
Cash and Non-Interest-Bearing Accounts$100$100→ $0
Total Assets$5,100,375$3,438,332▼ $1,662,043
Other Assets Total$3,163$1,049,358▲ $1,046,195
Liabilities
Tax Exempt Bond Liabilities$605,805--
Mortgage Notes Payable Secured by Investment Property$347,747--
Deferred Revenue$3,145--
Accounts Payable and Accrued Expenses$69,425$3,117▼ $66,308
Total Liabilities$1,026,122$3,117▼ $1,023,005
Net Assets / Fund Balance
Unrestricted Net Assets$2,853,730$2,711,129▼ $142,601
Temporarily Rstr Net Assets$1,095,196$598,759▼ $496,437
Permanently Rstr Net Assets$125,327$125,327→ $0
Total Net Assets Fund Balance$4,074,253$3,435,215▼ $639,038
Total Liabilities and Net Assets / Fund Balance$5,100,375$3,438,332▼ $1,662,043

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,049,358--
Other Securities$188,318--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$150,847$144--$150,991
2015$148,847$2,000--$150,847
2014$145,036$3,811--$148,847
2013$143,682$1,355-$1$145,036
2012$210,474$1,029-$67,821$143,682
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Don SchiemanEx Officio - Executive DirectorPT$121,796$121,796

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$237,643
Program Service Revenue
$227,008
Investment Income
$-304,093
Other Revenue
$3,814
All Other Contributions
$225,643
Change in Net Assets
$-660,738

Audited Revenue Reconciliation

Revenue per Audited Statements
$164,372
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$58,966
Total Revenue per Audited Statements
$223,338
Total Revenue per Form 990
$164,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$766,225
Grants and Similar Amounts Paid$58,885
Total Fundraising Expense$1,216
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$430,260--$430,260
Occupancy$241,788--$241,788
Grants to Domestic Individuals$58,885--$58,885
Fees for Services Accounting-$7,600-$7,600
Other Expenses$19,483-$1,216$1,216
Total Functional Expenses$816,294$7,600$1,216$825,110

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$862,376
Expenses per Audited Statements$825,110
Total Expenses per Form 990$825,110
Expenses Not Reported on Form 990$37,266
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,556
Fundraising Gross Income$3,479
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Jubilee$15,479$3,479$10,232$-6,753
Total Events$15,479$3,479$10,772$-7,293
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 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 finance committee of the jctc foundation, which is chaired by the treasurer, reviews the 990 prior to authorizing the executive director to sign and file the 990.

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

The conflict of interest polisy is reviewed annually by the full governing board. Each member is asked to sign the policy to ensure compliance.

Form 990, Part VI, Section C, line 19

Documents are made to the public upon request.

Filing and Contact Details

Filer

Filer Name
Jefferson Community Technical College
EIN
23-7035648
Phone
5025840181
Address
109 East Broadway No 302A, Louisville, KY 40202

Signing Officer

Name
Don Schieman
Title
Executive Director
Phone
5025840181
Signed
2018-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Schieman
Formed
1968
Legal Domicile
Ky
Voting Board Members
21
Independent Board Members
19
Employees
0
Volunteers
50

Preparer

Firm
Blue & Co LLC
Address
2650 Eastpoint Pkwy Suite 300, Louisville, KY 40223
Preparer
Greg Jackson CPA
Phone
5029923500
Supplemental Narrative

Additional Explanations

Parat XII Line 2C

The organization has a finance committee which has the responsibility of providing oversight of the audit and selection of the audit firm.

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

Rental expenses 27,710. Fundraising expenses 9,556.

Part XII, Line 2D - Other Adjustments:

Rental expenses 27,710. Fundraising expenses 9,556.

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IRS990/Form990PartVIISectionAGrp/TitleTxt20EX OFFICIO - PRESIDENT
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IRS990/MissionDesc0THE MISSION OF THE JEFFERSON COMMUNITY & TECHNICAL COLLEGE FOUNDATION, INC. IS TO DEVELOP STRATEGIC ALLIANCES WITH PRIVATE AND PUBLIC RESOURCES AND TO PURSUE EXTERNAL FUNDING SOURCES THAT BENEFIT JEFFERSON COMMUNITY & TECHNICAL COLLEGE.
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