Civic Intelligence

Somerset Community College Foundation Inc.

990 • Fiscal year 2015 • EIN 27-0137175

Jul 01, 2014 to Jun 30, 2015 • Filed on Sep 08, 2015

Organization ProfileN/A
808 Monticello StreetSomerset, KY 42501

(606) 451-6618

Siviq Scores

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

Liabilities / Assets

41st percentile

0.02x

Higher debt load relative to assets than 41% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

60th percentile

0.08x

Higher debt load relative to revenue than 60% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

3rd percentile

-121%

Higher net margin than 3% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

8th percentile

-21%

Faster asset growth than 8% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

8th percentile

-40%

Faster revenue growth than 8% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$811,048

Down $213,369 (-21%) from 2014

Net Assets

Down

$796,254

Down $224,663 (-22%) from 2014

Liabilities

Up

$14,794

Up $11,294 (+323%) from 2014

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin3rd percentile

Revenue

Down

$185,428

Down $122,207 (-40%) from 2014

Expenses

Up

$410,091

Up $368,783 (+893%) from 2014

Net Income

Down

-$224,663

Down $490,990 (-184%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$1.5M$1.0M$500K$0Assets 2012: $445,918Liabilities 2012: $3,450Net Assets 2012: $442,4682012Assets 2013: $758,633Liabilities 2013: $4,043Net Assets 2013: $754,5902013Assets 2014: $1,024,417Liabilities 2014: $3,500Net Assets 2014: $1,020,9172014Assets 2015: $811,048Liabilities 2015: $14,794Net Assets 2015: $796,2542015Assets 2017: $788,089Liabilities 2017: $3,612Net Assets 2017: $784,4772017Assets 2018: $853,587Liabilities 2018: $3,600Net Assets 2018: $849,9872018Assets 2019: $914,672Liabilities 2019: $3,600Net Assets 2019: $911,0722019Assets 2020: $1,012,429Liabilities 2020: $3,600Net Assets 2020: $1,008,8292020Assets 2021: $922,170Liabilities 2021: $3,600Net Assets 2021: $918,5702021Assets 2022: $1,018,619Liabilities 2022: $3,750Net Assets 2022: $1,014,8692022Assets 2023: $889,002Liabilities 2023: $4,438Net Assets 2023: $884,5642023

Highlighted filing

2015

Assets$811,048
Liabilities$14,794
Net Assets$796,254
Open 2015 Filing

Operations Trend

Revenue Growth8th percentile

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

$600K$400K$200K$0-$200K-$400KRevenue 2012: $20,206Expenses 2012: $17,268Net Income 2012: $2,9382012Expenses 2013: $17,8212013Revenue 2014: $307,635Expenses 2014: $41,308Net Income 2014: $266,3272014Revenue 2015: $185,428Expenses 2015: $410,091Net Income 2015: -$224,6632015Revenue 2017: $76,986Expenses 2017: $146,266Net Income 2017: -$69,2802017Revenue 2018: $107,149Expenses 2018: $41,639Net Income 2018: $65,5102018Revenue 2019: $101,782Expenses 2019: $40,697Net Income 2019: $61,0852019Revenue 2020: $322,261Expenses 2020: $224,504Net Income 2020: $97,7572020Revenue 2021: $120,129Expenses 2021: $210,388Net Income 2021: -$90,2592021Revenue 2022: $358,169Expenses 2022: $261,870Net Income 2022: $96,2992022Revenue 2023: $329,399Expenses 2023: $459,704Net Income 2023: -$130,3052023

Highlighted filing

2015

Revenue$185,428
Expenses$410,091
Net Income-$224,663
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Sep 8, 2015
Return Version
2014v5.0
Gross Receipts
$310,881
Mission and Program Overview

Mission

To conduct and carry on work, not for profit, but exclusively for charitable, scientific, literary or educational purposes and to stimulate voluntary financial support for Somerset Community College.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$760,958$652,056▼ $108,902
Savings and Temporary Cash Investments$219,285$0▼ $219,285
Other Notes and Loans Receivable, Net$2,393$137,347▲ $134,954
Pledges and Grants Receivable$40,954$20,935▼ $20,019
Prepaid Expenses and Deferred Charges$827$710▼ $117
Accounts Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,024,417$811,048▼ $213,369
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$3,500$14,794▲ $11,294
Total Liabilities$3,500$14,794▲ $11,294
Net Assets / Fund Balance
Temporarily Rstr Net Assets$448,377$450,841▲ $2,464
Unrestricted Net Assets$353,255$345,413▼ $7,842
Permanently Rstr Net Assets$219,285--
Total Net Assets Fund Balance$1,020,917$796,254▼ $224,663
Total Liabilities and Net Assets / Fund Balance$1,024,417$811,048▼ $213,369
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Steve MorganChairman
Teresa HailVice-Chair
Cindy ClouseExecutive Director
Charlene HarrisEx-Officio
Dr Jo MarshallEx-Officio
Chris GirdlerMember
Christie AdamsMember
Danny FordMember
Deanna HerrmanMember
Martin HatfieldMember
Tiffany BourneMember
Kandy SuttonSecretary
Mike TarterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$167,249
Program Service Revenue
$0
Investment Income
$18,179
Other Revenue
$0
All Other Contributions
$147,249
Change in Net Assets
$-224,663

Audited Revenue Reconciliation

Revenue per Audited Statements
$185,428
Total Revenue per Audited Statements
$185,428
Total Revenue per Form 990
$185,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$410,091
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$20,000--$20,000
All Other Expenses$9,811$7,199-$17,010
Occupancy-$5,429-$5,429
Fees for Services Accounting-$3,500-$3,500
Insurance-$2,028-$2,028
Total Functional Expenses$391,935$18,156$0$410,091

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$410,091
Total Expenses per Audited Statements$410,091
Total Expenses per Form 990$410,091
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Line 11B: Form 990 Review Process

“Reviewed with Executive Director”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Available at Foundation office upon request.”

Filing and Contact Details

Filer

Filer Name
Somerset Community College
EIN
27-0137175
Phone
6064516618
Address
808 Monticello Street, Somerset, KY 42501

Signing Officer

Name
Cindy Clouse
Title
Executive Director
Signed
2015-09-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Clouse
Legal Domicile
Ky
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
13

Preparer

Firm
Randall D Turpin CPA Pllc
Address
225 PARKERS MILL ROAD, SOMERSET, KY 42501
Preparer
Randall D Turpin
Phone
6064511550
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

“OTHER PROGRAM SERVICES 4: Transfers to gifts received to College to support activities at the college as well as leverage matching funds. OTHER PROGRAM SERVICES 5: Improvements to tennis courts to enhance the overall college experience of students and make SCC a more attractive college option. OTHER PROGRAM SERVICES 6: College activities support provides needed funding to ongoing activities at the college that may not fall in the academic category but contribute to the overall student experience.”

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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Transfers to College
IRS990/OtherExpensesGrp/Desc1Scholarship programs
IRS990/OtherExpensesGrp/Desc2Academic programs
IRS990/OtherExpensesGrp/Desc3Tennis Court Improvements
IRS990/OtherExpensesGrp/ProgramServicesAmt0319285
IRS990/OtherExpensesGrp/ProgramServicesAmt122117
IRS990/OtherExpensesGrp/ProgramServicesAmt220722
IRS990/OtherExpensesGrp/ProgramServicesAmt320000
IRS990/OtherExpensesGrp/TotalAmt0319285
IRS990/OtherExpensesGrp/TotalAmt122117
IRS990/OtherExpensesGrp/TotalAmt220722
IRS990/OtherExpensesGrp/TotalAmt320000
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02393
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0137347
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0219285
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt040954
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt020935
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0827
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0710
IRS990/PrincipalOfficerNm0Cindy Clouse
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Scholarship program is used to provide scholarships to students who might not otherwise have the opportunity to further their education or who have exhibited characteristics and achievements in their educational process that is deemed fitting of recognition and reward.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt022117
IRS990/ProgSrvcAccomActy3Grp/Desc0Community Workforce and Economic Development (CWED) and other academic programs is to provide training to business and industries and continuing education programs for the community as needed.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt020722
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0258028
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt017899
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt041308
IRS990/PYOtherRevenueAmt031708
IRS990/PYRevenuesLessExpensesAmt0266327
IRS990/PYTotalExpensesAmt041308
IRS990/PYTotalRevenueAmt0307635
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-224663
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0219285
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0167249
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0289736
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0324320
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt018080
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt026926
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0826311
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07632
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05899
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05624
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02126
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0577
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt021858
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt010547
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt012000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt022547
IRS990ScheduleA/PublicSupportCY170Pct00.94900
IRS990ScheduleA/PublicSupportPY170Pct00.81730
IRS990ScheduleA/PublicSupportTotal170Amt0826311
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0167249
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0289736
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0324320
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt018080
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt026926
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0826311
IRS990ScheduleA/TotalSupportAmt0870716
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0410091
IRS990ScheduleD/RevenueSubtotalAmt0185428
IRS990ScheduleD/TotalExpensesPerForm990Amt0410091
IRS990ScheduleD/TotalRevenuePerForm990Amt0185428
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0185428
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0410091
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: Transfers to gifts received to College to support activities at the college as well as leverage matching funds. OTHER PROGRAM SERVICES 5: Improvements to tennis courts to enhance the overall college experience of students and make SCC a more attractive college option. OTHER PROGRAM SERVICES 6: College activities support provides needed funding to ongoing activities at the college that may not fall in the academic category but contribute to the overall student experience.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Reviewed with Executive Director
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Available at Foundation office upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0448377
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0450841
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01024417
IRS990/TotalAssetsEOYAmt0811048
IRS990/TotalAssetsGrp/BOYAmt01024417
IRS990/TotalAssetsGrp/EOYAmt0811048
IRS990/TotalCompGreaterThan150KInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$811,048
Liabilities
$14,794
Net assets
$796,254
Revenue
$185,428
Expenses
$410,091
Net income
-$224,663
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.00$0.88$0.33$0.46$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.00$1.01$0.36$0.26$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.00$0.92$0.12$0.21$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.00$1.01$0.32$0.22$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.00$0.91$0.10$0.04$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.00$0.85$0.11$0.04$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.00$0.78$0.08$0.15$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.81$0.01$0.80$0.19$0.41$0.22
2014Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.31$0.04$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.00$0.75$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.00$0.44$0.02$0.02$0.00