Civic Intelligence

Somerset Community College Foundation Inc.

990 • Fiscal year 2018 • EIN 27-0137175

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 14, 2018

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

34th percentile

0.00x

Higher debt load relative to assets than 34% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

51st percentile

0.03x

Higher debt load relative to revenue than 51% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

94th percentile

61%

Higher net margin than 94% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

65th percentile

8.3%

Faster asset growth than 65% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

83rd percentile

39%

Faster revenue growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$853,587

Up $65,498 (+8.3%) from 2017

Net Assets

Up

$849,987

Up $65,510 (+8.4%) from 2017

Liabilities

Down

$3,600

Down $12 (-0.3%) from 2017

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin94th percentile

Revenue

Up

$107,149

Up $30,163 (+39%) from 2017

Expenses

Down

$41,639

Down $104,627 (-72%) from 2017

Net Income

Up

$65,510

Up $134,790 (+195%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth65th 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

2018

Assets$853,587
Liabilities$3,600
Net Assets$849,987
Open 2018 Filing

Operations Trend

Revenue Growth83rd 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

2018

Revenue$107,149
Expenses$41,639
Net Income$65,510
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 14, 2018
Return Version
2017v2.2
Gross Receipts
$107,149
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$786,465$848,808▲ $62,343
Pledges and Grants Receivable$1,210$3,865▲ $2,655
Other Notes and Loans Receivable, Net-$500-
Prepaid Expenses and Deferred Charges$414$414→ $0
Savings and Temporary Cash Investments-$0-
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$788,089$853,587▲ $65,498
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$3,612$3,600▼ $12
Total Liabilities$3,612$3,600▼ $12
Net Assets / Fund Balance
Temporarily Rstr Net Assets$489,085$549,610▲ $60,525
Unrestricted Net Assets$295,392$300,377▲ $4,985
Total Net Assets Fund Balance$784,477$849,987▲ $65,510
Total Liabilities and Net Assets / Fund Balance$788,089$853,587▲ $65,498
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Christie AdamsChairman
Mark WolfordVice Chair
Martin HatfieldVice Chair
Charlene HarrisDirector
Danny FordDirector
Deanna HerrmannDirector
Donald BloomerDirector
Mike ChandlerDirector
Mike TarterDirector
Rodney CasadaDirector
Timothy BessDirector
Cindy ClouseExecutive Director
Dr Jo MarshallEx-Officio
Tiffany FinleySec/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$99,134
Program Service Revenue
$0
Investment Income
$8,015
Other Revenue
$0
All Other Contributions
$99,134
Change in Net Assets
$65,510

Audited Revenue Reconciliation

Revenue per Audited Statements
$107,149
Total Revenue per Audited Statements
$107,149
Total Revenue per Form 990
$107,149
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,639
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
Fees for Services Accounting-$3,650-$3,650
Other Expenses$1,000--$1,000
Insurance-$889-$889
All Other Expenses-$631-$631
Total Functional Expenses$36,469$5,170$0$41,639

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$41,639
Total Expenses per Audited Statements$41,639
Total Expenses per Form 990$41,639
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
No
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
2018-11-14
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
15

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: Other program expenses are amounts used to support Somerset Community College in a variety of general ways.”

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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Scholarship programs
IRS990/OtherExpensesGrp/Desc1Other program expenses
IRS990/OtherExpensesGrp/Desc2Academic programs
IRS990/OtherExpensesGrp/Desc3Contribution to SCC
IRS990/OtherExpensesGrp/ProgramServicesAmt017335
IRS990/OtherExpensesGrp/ProgramServicesAmt110997
IRS990/OtherExpensesGrp/ProgramServicesAmt27137
IRS990/OtherExpensesGrp/ProgramServicesAmt31000
IRS990/OtherExpensesGrp/TotalAmt017335
IRS990/OtherExpensesGrp/TotalAmt110997
IRS990/OtherExpensesGrp/TotalAmt27137
IRS990/OtherExpensesGrp/TotalAmt31000
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0500
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01210
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03865
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0414
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0414
IRS990/PrincipalOfficerNm0Cindy Clouse
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Other program expenses are amounts used to support Somerset Community College in a variety of general ways.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt010997
IRS990/ProgSrvcAccomActy3Grp/Desc0Community Workforce and Economic Development (CWED) and other academic programs is used to provide training to business and industries and continuing education programs for the community as needed.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt07137
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt068341
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt08645
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0146266
IRS990/PYRevenuesLessExpensesAmt0-69280
IRS990/PYTotalExpensesAmt0146266
IRS990/PYTotalRevenueAmt076986
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt065510
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt099134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt068341
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0101315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0167249
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0289736
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0725775
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08645
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt08126
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07632
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05899
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt038317
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.94990
IRS990ScheduleA/PublicSupportPY170Pct00.96360
IRS990ScheduleA/PublicSupportTotal170Amt0725775
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt099134
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt068341
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0101315
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0167249
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0289736
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0725775
IRS990ScheduleA/TotalSupportAmt0764092
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt041639
IRS990ScheduleD/RevenueSubtotalAmt0107149
IRS990ScheduleD/TotalExpensesPerForm990Amt041639
IRS990ScheduleD/TotalRevenuePerForm990Amt0107149
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0107149
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt041639
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: Other program expenses are amounts used to support Somerset Community College in a variety of general ways.
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/BOYAmt0489085
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0549610
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0788089
IRS990/TotalAssetsEOYAmt0853587
IRS990/TotalAssetsGrp/BOYAmt0788089
IRS990/TotalAssetsGrp/EOYAmt0853587
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt099134
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05170
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt036469
IRS990/TotalFunctionalExpensesGrp/TotalAmt041639
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03612
IRS990/TotalLiabilitiesEOYAmt03600
IRS990/TotalLiabilitiesGrp/BOYAmt03612

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$853,587
Liabilities
$3,600
Net assets
$849,987
Revenue
$107,149
Expenses
$41,639
Net income
$65,510
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
2018Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

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