Civic Intelligence

Clark Technical College Scholarship Foundation

990 • Fiscal year 2022 • EIN 31-0937036

Jul 01, 2021 to Jun 30, 2022 • Filed on May 12, 2023

Organization ProfileWWW.CLARKSTATE.EDU
570 East Leffel LaneSpringfield, OH 45505

(937) 325-6003

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

5th percentile

0.00x

Higher debt load relative to revenue than 5% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

98th percentile

95%

Higher net margin than 98% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

51st percentile

$254,895

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

36th percentile

-3.7%

Faster asset growth than 36% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

1551%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets7th percentile

Assets

Down

$26,506,282

Down $1,023,894 (-3.7%) from 2021

Net Assets

Down

$26,444,326

Down $1,076,753 (-3.9%) from 2021

Liabilities

Up

$61,956

Up $52,859 (+581%) from 2021

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin98th percentile

Revenue

Up

$14,057,417

Up $13,206,212 (+1551%) from 2021

Expenses

Up

$699,506

Up $1,438 (+0.2%) from 2021

Net Income

Up

$13,357,911

Up $13,204,774 (+8623%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$40M$30M$20M$10M$0Assets 2010: $15,164,940Liabilities 2010: $3,481Net Assets 2010: $15,161,4592010Assets 2011: $16,266,887Liabilities 2011: $4,618Net Assets 2011: $16,262,2692011Assets 2012: $14,948,538Liabilities 2012: $172,180Net Assets 2012: $14,776,3582012Assets 2013: $16,211,871Liabilities 2013: $41,430Net Assets 2013: $16,170,4412013Assets 2014: $18,190,464Liabilities 2014: $5,377Net Assets 2014: $18,185,0872014Assets 2015: $18,359,511Liabilities 2015: $1,403Net Assets 2015: $18,358,1082015Assets 2016: $18,124,218Liabilities 2016: $9,102Net Assets 2016: $18,115,1162016Assets 2017: $20,213,468Liabilities 2017: $224,992Net Assets 2017: $19,988,4762017Assets 2018: $21,447,358Liabilities 2018: $8,346Net Assets 2018: $21,439,0122018Assets 2020: $22,715,110Liabilities 2020: $17,686Net Assets 2020: $22,697,4242020Assets 2021: $27,530,176Liabilities 2021: $9,097Net Assets 2021: $27,521,0792021Assets 2022: $26,506,282Liabilities 2022: $61,956Net Assets 2022: $26,444,3262022Assets 2023: $27,393,467Liabilities 2023: $4,935Net Assets 2023: $27,388,5322023Assets 2024: $30,213,121Liabilities 2024: $188,082Net Assets 2024: $30,025,0392024

Highlighted filing

2022

Assets$26,506,282
Liabilities$61,956
Net Assets$26,444,326
Open 2022 Filing

Operations Trend

Revenue Growth99th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,188,5242010Expenses 2011: $2,217,9692011Expenses 2012: $2,286,7952012Expenses 2013: $876,6282013Revenue 2014: $881,280Expenses 2014: $779,510Net Income 2014: $101,7702014Revenue 2015: $952,722Expenses 2015: $959,886Net Income 2015: -$7,1642015Revenue 2016: $833,036Expenses 2016: $832,823Net Income 2016: $2132016Revenue 2017: $1,686,130Expenses 2017: $1,206,787Net Income 2017: $479,3432017Revenue 2018: $1,446,794Expenses 2018: $913,472Net Income 2018: $533,3222018Revenue 2020: $723,489Expenses 2020: $883,519Net Income 2020: -$160,0302020Revenue 2021: $851,205Expenses 2021: $698,068Net Income 2021: $153,1372021Revenue 2022: $14,057,417Expenses 2022: $699,506Net Income 2022: $13,357,9112022Revenue 2023: $1,184,680Expenses 2023: $1,089,289Net Income 2023: $95,3912023Revenue 2024: $1,526,554Expenses 2024: $1,377,820Net Income 2024: $148,7342024

Highlighted filing

2022

Revenue$14,057,417
Expenses$699,506
Net Income$13,357,911
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.1
Gross Receipts
$24,243,368
Mission and Program Overview

Mission

The clark state foundation creates and maintains community awareness, and partners with donors to receive, manage and disburse gifts that initiate and support educational and cultural programs for clark state community college and its constituents.

The foundation aids and promotes education at clark state college and provides scholarships and loans to its students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$27,115,736$26,130,255▼ $985,481
Cash and Non-Interest-Bearing Accounts$180,303$277,592▲ $97,289
Accounts Receivable$18,529$57,099▲ $38,570
Pledges and Grants Receivable$201,874$30,431▼ $171,443
Prepaid Expenses and Deferred Charges$13,126$10,871▼ $2,255
Savings and Temporary Cash Investments$594$0▼ $594
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$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$27,530,176$26,506,282▼ $1,023,894
Other Assets Total$14$34▲ $20
Liabilities
Accounts Payable and Accrued Expenses$9,097$61,596▲ $52,499
Deferred Revenue-$360-
Total Liabilities$9,097$61,956▲ $52,859
Net Assets / Fund Balance
Net Assets With Donor Restrictions$26,688,048$25,612,802▼ $1,075,246
Net Assets Without Donor Restrictions$833,031$831,524▼ $1,507
Total Net Assets Fund Balance$27,521,079$26,444,326▼ $1,076,753
Total Liabilities and Net Assets / Fund Balance$27,530,176$26,506,282▼ $1,023,894

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$25,459,522$191,329▼ $1,794,898$130,724$23,690,707
2020$20,775,037$67,244▲ $5,193,953$503,746$25,459,522
2019$20,492,276$52,444▲ $688,899$391,775$20,775,037
2018$19,129,502$138,847▲ $1,628,999$342,534$20,492,276
2017$17,761,491$434,149▲ $1,404,517$410,447$19,129,502
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Patti PhillipsChair
Mitch HurstImm. Past Chair
Katherine HoptryVice Chair
Cindy BarnettDirector
Daragh PorterDirector
Dr Robert HillDirector
Jo Ann RiganoDirector
John a BrownDirector
Kerry Lee PedrazaDirector
Nettie Carter-smithDirector
Sarah MaysDirector
Sashi ChadhaDirector
Sharon DoyleDirector
Sue EvansDirector
Tera ThorntonDirector
Dr Jo Alice BlondinCollege Pres.
Peggy NoonanLiaison to Coll
Bill BrougherSecretary-treas
Revenue and Support

Revenue Composition

Contributions and Grants
$485,636
Program Service Revenue
$0
Investment Income
$13,463,517
Other Revenue
$108,264
All Other Contributions
$482,505
Change in Net Assets
$13,357,911

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,057,417
Revenue Not Reported on Form 990
$-14,434,664
Total Revenue per Audited Statements
$-377,247
Total Revenue per Form 990
$14,057,417
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$391,920
Salaries, Compensation, and Employee Benefits$170,665
Other Expenses$136,921
Total Fundraising Expense$14,444
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$251,288--$251,288
Grants to Domestic Individuals$140,632--$140,632
Other Salaries and Wages$85,512$41,353$7,262$134,127
Occupancy$26,487--$26,487
Other Expenses$9,022$9,955$411$19,388
Pension Plan Contributions$12,285$5,615$1,106$19,006
Information Technology$860$16,014-$16,874
Office Expenses$10,325$3,837$1,571$15,733
Other Employee Benefits$10,065$5,497-$15,562
Fees for Services Management$1,000$10,875-$11,875
Travel$4,171$790$3,893$8,854
Advertising-$6,212-$6,212
Conferences and Meetings-$5,493-$5,493
Payroll Taxes$1,183$586$201$1,970
Total Functional Expenses$578,835$106,227$14,444$699,506

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$699,506
Total Expenses per Audited Statements$699,506
Total Expenses per Form 990$699,506
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Clark State CollegeSpringfield, OH170 (c) (1)Raised on Behalf of Clark S College$251,288
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
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
Yes
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

“Form 990, part vi, section b, line 11b:the 990 is reviewed by the finance/audit committee and made available tothe board before submission.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Form 990, part vi, section b, line 15a:the foundation follows the compensation policies of clark state college.the compensation of the executive director is determined by the board ofdirectors. Their decisions are documented in a written evaluation and ispresented to the executive director every year. The salary of the executivedirector is compared to the salary ranges of other community colleges inthe area for the similar position. Additionally, a cost of livingadjustment is given to the executive director.”

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

“Form 990, part vi, section c, line 19:the governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Clark State College Foundation
EIN
31-0937036
Phone
9373256003
Address
570 EAST LEFFEL LANE, SPRINGFIELD, OH 45505

Signing Officer

Name
Charles William Brougher
Title
Secretary-treas
Signed
2023-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia Phillips
Formed
1968
Legal Domicile
Oh
Voting Board Members
16
Independent Board Members
16
Employees
5
Volunteers
26

Preparer

Firm
Plattenburg & Associates Inc
Address
8230 Montgomery Rd Suite 150, Cincinnati, OH 45236
Preparer
James J Herbers
Phone
5138912722
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Prior year market gain on current year realized sales = -$12871945”

Part XI reconciliation of net assets

“Realized investment losses were substantial for this year. Net investment loss amount is included in other expenses, rather than reducing revenue and resulting in a negative revenue figure.”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“PART V LINE 4:THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, OPERATIONS AND FACILITY UPKEEP OF THE PERFORMING ARTS CENTER, TECHNOLOGY AND RETENTION ACTIVITIES.PART X, LINE 2:THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501 (c) (3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION'S REPORTING RETURNS ARE SUBJECT TO AUDIT BY FEDERAL AND STATE TAXING AUTHORITIES. NO INCOME TAX PROVISION HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS AS THE FOUNDATION HAS DETERMINED IT DOES NOT HAVE UNRELATED BUSINESS INCOME SUBJECT TO TAXATION.”

Raw XML AppendixShowing 400 of 649 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0College Pres.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13LIAISON TO COLL
IRS990/Form990PartVIISectionAGrp/TitleTxt14Imm. Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt15Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY-TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE CHAIR
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IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS AND LOANS - CLARK STATE'S TUITION IS VERY LOW,APPROXIMATELY $4,800 PER YEAR. BUT FOR MANY STUDENTS, THAT IS STILL OUTOF REACH. EACH YEAR THE FOUNDATION HELPS APPROXIMATELY 173 STUDENTSWITH AWARDS TOTALING APPROXIMATELY $200,000. GIFTS TO OUR SCHOLARHIPFUNDS CAN HELP TRANSFORM LIVES THROUGH THE POWER OF EDUCATION ANDPROVIDES OUR COMMUNITY WITH VARIOUS PROFESSIONALS. AN INVESTMENT IN OURSTUDENTS IS AN EXCELLENT INVESTMENT IN CLARK COUNTY'S ECONOMICDEVELOPMENT, AS 85% OF CLARK STATE GRADUATES STAY IN OUR COMMUNITY. INADDITION TO SCHOLARSHIPS, THE FOUNDATION ALSO MAKES SHORT-TERM LOANSFOR TUITION AND BOOKS TO STUDENTS WHO ARE WAITING FOR FINANCIAL AID.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE CLARK STATE SCHOLARS PROGRAM INCLUDES STUDENTS FROM FIVE SCHOOLDISTRICTS IN CLARK AND CHAMPAIGN COUNTIES. THE PROGRAM SELECTS 40EIGHTH GRADE STUDENTS IN SPRINGFIELD, 20 EIGHTH GRADE STUDENTS FROMADDITIONAL CLARK COUNTY PARTNER SCHOOLS, AND 20 EIGHTH GRADE STUDENTSFROM CHAMPAIGN COUNTY PARTNER SCHOOLS ANNUALLY TO PARTICIPATE.EACH SCHOLAR IS PARTNERED WITH A VOLUNTEER MENTOR WHOM THEY MEET WITHMONTHLY. SCHOLARS ALSO ATTEND RETREATS, AFTER SCHOOL ACTIVITY DAYS, ANDFIELD TRIPS THAT PROVIDE CAREER AND COLLEGE READINESS ACTIVITIESTHROUGHOUT THE SCHOOL YEAR, ALIGNING THIS PROGRAM WITH THE SPRINGFIELDFOUNDATION'S GOAL TO INCREASE THE COLLEGE AND CAREER READINESS FORCLARK COUNTY RESIDENTS. UPON SUCCESSFUL COMPLETION OF THE PROGRAM ANDGRADUATION FROM THEIR HIGH SCHOOL, THE SCHOLARS RECEIVE THREE YEARS OF FREE TUITION, FEES, AND BOOKS AT CLARK STATE, WHERE THEY CONTINUE TO RECEIVE ACADEMIC AND SOCIAL SUPPORT. THE PROGRAM SERVED 265 PARTICIPANTS IN 2022.
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Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,506,282
Liabilities
$61,956
Net assets
$26,444,326
Revenue
$14,057,417
Expenses
$699,506
Net income
$13,357,911
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$30.2$0.19$30.0$1.53$1.38$0.15
2023Detailed filing. Detailed filing data is available for this year.$27.4$0.00$27.4$1.18$1.09$0.10
2022Detailed filing. Detailed filing data is available for this year.$26.5$0.06$26.4$14.1$0.70$13.4
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.5$0.01$27.5$0.85$0.70$0.15
2020Detailed filing. Detailed filing data is available for this year.$22.7$0.02$22.7$0.72$0.88$0.16
2018Detailed filing. Detailed filing data is available for this year.$21.4$0.01$21.4$1.45$0.91$0.53
2017Detailed filing. Detailed filing data is available for this year.$20.2$0.22$20.0$1.69$1.21$0.48
2016Detailed filing. Detailed filing data is available for this year.$18.1$0.01$18.1$0.83$0.83$0.00
2015Detailed filing. Detailed filing data is available for this year.$18.4$0.00$18.4$0.95$0.96$0.01
2014Detailed filing. Detailed filing data is available for this year.$18.2$0.01$18.2$0.88$0.78$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.2$0.04$16.2$0.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$0.17$14.8$2.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$0.00$16.3$2.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$0.00$15.2$1.19