Civic Intelligence

Highland Community College Foundation

990 • Fiscal year 2019 • EIN 48-1067637

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 03, 2020

606 W MainHighland, KS 66035-0068

(785) 442-3236

Siviq Scores

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

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

44th percentile

0.06x

Higher debt load relative to revenue than 44% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

86th percentile

35%

Higher net margin than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

65th percentile

9.0%

Faster asset growth than 65% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

12th percentile

-25%

Faster revenue growth than 12% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$4,171,407

Up $343,074 (+9.0%) from 2018

Net Assets

Up

$4,130,479

Up $302,146 (+7.9%) from 2018

Liabilities

Up

$40,928

Up $40,928 from 2018

Revenue

Down

$635,688

Down $206,686 (-25%) from 2018

Expenses

Down

$414,168

Down $319,215 (-44%) from 2018

Net Income

Up

$221,520

Up $112,529 (+103%) from 2018

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,159,944Liabilities 2010: $18,620Net Assets 2010: $2,141,3242010Assets 2011: $2,301,472Liabilities 2011: $40,180Net Assets 2011: $2,261,2922011Assets 2012: $2,996,438Liabilities 2012: $614,526Net Assets 2012: $2,381,9122012Assets 2013: $2,922,320Liabilities 2013: $50,540Net Assets 2013: $2,871,7802013Assets 2014: $3,424,844Liabilities 2014: $312,878Net Assets 2014: $3,111,9662014Assets 2015: $3,524,627Liabilities 2015: $304,140Net Assets 2015: $3,220,4872015Assets 2016: $3,551,542Liabilities 2016: $189,351Net Assets 2016: $3,362,1912016Assets 2017: $3,900,301Liabilities 2017: $180,959Net Assets 2017: $3,719,3422017Assets 2018: $3,828,333Liabilities 2018: $0Net Assets 2018: $3,828,3332018Assets 2019: $4,171,407Liabilities 2019: $40,928Net Assets 2019: $4,130,4792019Assets 2020: $4,992,261Liabilities 2020: $20,054Net Assets 2020: $4,972,2072020Assets 2023: $6,143,937Liabilities 2023: $22,200Net Assets 2023: $6,121,7372023Assets 2024: $6,642,444Liabilities 2024: $34,563Net Assets 2024: $6,607,8812024

Highlighted filing

2019

Assets$4,171,407
Liabilities$40,928
Net Assets$4,130,479

Operations Trend

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

$1.5M$1.0M$500K$0Expenses 2010: $91,1462010Expenses 2011: $111,8372011Expenses 2012: $117,7152012Expenses 2013: $476,7822013Revenue 2014: $381,285Expenses 2014: $141,099Net Income 2014: $240,1862014Revenue 2015: $463,768Expenses 2015: $305,624Net Income 2015: $158,1442015Revenue 2016: $364,066Expenses 2016: $170,586Net Income 2016: $193,4802016Revenue 2017: $400,151Expenses 2017: $209,813Net Income 2017: $190,3382017Revenue 2018: $842,374Expenses 2018: $733,383Net Income 2018: $108,9912018Revenue 2019: $635,688Expenses 2019: $414,168Net Income 2019: $221,5202019Revenue 2020: $1,135,765Expenses 2020: $418,455Net Income 2020: $717,3102020Revenue 2023: $925,274Expenses 2023: $597,373Net Income 2023: $327,9012023Revenue 2024: $532,727Expenses 2024: $528,619Net Income 2024: $4,1082024

Highlighted filing

2019

Revenue$635,688
Expenses$414,168
Net Income$221,520
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 3, 2020
Return Version
2018v3.2
Gross Receipts
$635,790
Mission and Program Overview

Mission

The highland community college foundation was established in 1987 to assist the college in performing its mission; to receive and administer private gifts, bequests, and donations to benefit highland's students; and to enhance the quality of teaching and learning at the college. Gifts to the foundation support programs and activities not funded through performing its mission; to receive and administer private gifts, bequests, and donations to benefit highland's students; and to enhance the quality of teaching and learning at the college. Gifts to the foundation support programs and activities not funded through traditional sources. At the same time, foundation provides assistance to donors through a comprehensive program of tax-wise gift alternatives through planned giving.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,991,967$3,385,672▲ $393,705
Land, Buildings, and Equipment, Net$662,920$662,920→ $0
Cash and Non-Interest-Bearing Accounts$148,446$82,269▼ $66,177
Total Assets$3,828,333$4,171,407▲ $343,074
Other Assets Total$25,000$40,546▲ $15,546
Liabilities
Accounts Payable and Accrued Expenses-$40,928-
Total Liabilities$0$40,928▲ $40,928
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,489,519$2,476,719▼ $12,800
Temporarily Rstr Net Assets$1,562,415$1,308,334▼ $254,081
Unrestricted Net Assets$-223,601$345,426▲ $569,027
Total Net Assets Fund Balance$3,828,333$4,130,479▲ $302,146
Total Liabilities and Net Assets / Fund Balance$3,828,333$4,171,407▲ $343,074

Asset Categories

AssetBook ValueDepreciationBasis
Land$662,920-$662,920

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$4,051,934$392,576▲ $224,486$247,018$4,172,865
2017$3,882,886$453,812▲ $388,562$450,043$4,051,934
2016$3,461,682$180,974▲ $355,295$28,787$3,882,886
2015$3,388,718$15,000▲ $13,267$59,330$3,461,677
2014$2,415,671$5,100▲ $76,920$51,689$3,888,718
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gene BauerPresident
Brian WozniakBoard Member
Cynthia JacobsonBoard Member
David HolthausBoard Member
Ed WebbBoard Member
Kim Gormley WhiteBoard Member
Lisa WardBoard Member
Mike HundleyBoard Member
Shawn LoydBoard Member
Tom SmithTrustee Lias
Paul CrawfordAlumni Liaso
Keith JalomaExecutive Di
Ted CollinsSecretary/tr
Steven ReichleVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$392,576
Program Service Revenue
$0
Investment Income
$154,964
Other Revenue
$88,148
All Other Contributions
$392,576
Change in Net Assets
$221,520

Audited Revenue Reconciliation

Revenue per Audited Statements
$635,688
Total Revenue per Audited Statements
$635,688
Total Revenue per Form 990
$635,688
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$287,868
Other Expenses$126,300
Total Fundraising Expense$17,424
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$247,018--$247,018
Fees for Services Management-$73,111-$73,111
Grants to Domestic Individuals$40,850--$40,850
Fees for Service Investment Mgmnt Fees-$19,092-$19,092
Fees for Services Other--$15,047$15,047
Fees for Services Accounting-$13,369-$13,369
Office Expenses-$2,554-$2,554
Travel--$2,377$2,377
Other Expenses-$750-$750
Total Functional Expenses$287,868$108,876$17,424$414,168

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$414,168
Total Expenses per Audited Statements$414,168
Total Expenses per Form 990$414,168
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Highland Community CollegeHighland, KS--$247,018
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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, Page 6, Part VI, Line 9

Gene bauer 3705 quail creed court lawrence, ks 6607 steven reichle 3735 sw wanamker rd topeka, ks 66610 ted collins 314 w main highland , ks 66035 david holthaus 3636 sw stonybrook drive topeka, ks 66614 mike hundley 3655 neosho rd cummings, ks 66016 cynthia jacobson 3955 hwy 73 atchison, ks 66016 shawn loyd 2252 linden rd hiawatha, ks 66044 lisa ward 103 s 4th street, ste 201 manhattan, ks 66502 ed webb po box 455 highland, ks 66035 kim gormley white 1905 crossgate drive lawrence, ks 66047 paul crawford 2610 nw 62nd street topeka, ks 66618 tom smith po box 151 highland, ks 66035

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepare by a cpa firm hired by the organization after the audited financial statements are completed by the same independent cpa firm. A draft of the form 990 is sent to the executive director and management for their review. Once all questions have been resolved, the form 8879 is signed by the executive director giving permission to e-file the return with the irs.

Form 990, Page 6, Part VI, Line 12C

The organization gives out the personnel policy to all employees, which includes the conflict of interest policy. The foundation staff are employed by hcc, the foundation follows the polices of the college. There is no formal monitoring process, however because of the size of the organization and the nature of the business. Governing body is also required to disclose andy relationships which require formal disclosure to another body such as the irs. Board reviews any potential transactions involving any member and determines if appropriate.

Form 990, Page 6, Part VI, Line 15A

No compensation. Wages paid by hcc with a portion allocated and paid by contract from foundation.

Form 990, Page 6, Part VI, Line 15B

Development director - split position with hcc and they pay all payroll. Hccf treast as a contract with hcc.

Form 990, Page 6, Part VI, Line 18

The form 990 is made public and available through an independent website, www.guidestar.com.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Highland Community College
EIN
48-1067637
Phone
7854423236
Address
606 W MAIN, HIGHLAND, KS 66035-0068

Signing Officer

Name
Keith Jaloma
Title
Executive Director
Phone
7854423236
Signed
2020-02-03

Organization Details

Principal Officer
Keith Jaloma
Formed
1987
Legal Domicile
Ks
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
1

Preparer

Firm
CUMMINS COFFMAN & SCHMIDTLEIN CPA'S PA
Address
3706 SW TOPEKA BLVD STE 302, TOPEKA, KS 66609-1239
Preparer
Terry N Cummins
Phone
7852672030
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The highland community college foundation was established in 1987 to assist the college in performing its mission; to receive and administer private gifts, bequests, and donations to benefit highland's students; and to enhance the quality of teaching and learning at the college. Gifts to the foundation support programs and activities not funded through performing its mission; to receive and administer private gifts, bequests, and donations to benefit highland's students; and to enhance the quality of teaching and learning at the college. Gifts to the foundation support programs and activities not funded through traditional sources. At the same time, foundation provides assistance to donors through a comprehensive program of tax-wise gift alternatives through planned giving.

Form 990, Page 2, Part III, Line 4D

To provide scholarships to hcc.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Scholarships and other assistance to hcc.

Schedule D, Page 4, Part XIII

Hccf was established for the purpose of supporting hcc. The foundation is managed by the board of directors who have appointed a hcc employee to be the executive director. The board has also appointed a person to be development director. Both are employed by the college and the foundation pays an agreed contract fee to the college for the use of the employees in managing day to day operations.

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IRS990/MissionDesc0THE HIGHLAND COMMUNITY COLLEGE FOUNDATION WAS ESTABLISHED IN 1987 TO ASSIST THE COLLEGE IN PERFORMING ITS MISSION; TO RECEIVE AND ADMINISTER PRIVATE GIFTS, BEQUESTS, AND DONATIONS TO BENEFIT HIGHLAND'S STUDENTS; AND TO ENHANCE THE QUALITY OF TEACHING AND LEARNING AT THE COLLEGE. GIFTS TO THE FOUNDATION SUPPORT PROGRAMS AND ACTIVITIES NOT FUNDED THROUGH PERFORMING ITS MISSION; TO RECEIVE AND ADMINISTER PRIVATE GIFTS, BEQUESTS, AND DONATIONS TO BENEFIT HIGHLAND'S STUDENTS; AND TO ENHANCE THE QUALITY OF TEACHING AND LEARNING AT THE COLLEGE. GIFTS TO THE FOUNDATION SUPPORT PROGRAMS AND ACTIVITIES NOT FUNDED THROUGH TRADITIONAL SOURCES. AT THE SAME TIME, FOUNDATION PROVIDES ASSISTANCE TO DONORS THROUGH A COMPREHENSIVE PROGRAM OF TAX-WISE GIFT ALTERNATIVES THROUGH PLANNED GIVING.
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IRS990/OtherWebsiteInd0X
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IRS990/PrincipalOfficerNm0KEITH JALOMA
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO PROVIDE SCHOLARSHIPS TO HCC.
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IRS990ScheduleA/TotalSupportAmt02240242
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0453812
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0388562
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0450043
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt046277
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03461682
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0180974
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03882886
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt040000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0355295
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt028787
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03388718
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt015000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03461677
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt038217
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013267
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt059330
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02415671
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt05100
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt060084
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt076920
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt051689
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0414168
IRS990ScheduleD/LandGrp/BookValueAmt0662920
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0662920
IRS990ScheduleD/RevenueSubtotalAmt0635688
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS AND OTHER ASSISTANCE TO HCC.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1HCCF WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING HCC. THE FOUNDATION IS MANAGED BY THE BOARD OF DIRECTORS WHO HAVE APPOINTED A HCC EMPLOYEE TO BE THE EXECUTIVE DIRECTOR. THE BOARD HAS ALSO APPOINTED A PERSON TO BE DEVELOPMENT DIRECTOR. BOTH ARE EMPLOYED BY THE COLLEGE AND THE FOUNDATION PAYS AN AGREED CONTRACT FEE TO THE COLLEGE FOR THE USE OF THE EMPLOYEES IN MANAGING DAY TO DAY OPERATIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0662920
IRS990ScheduleD/TotalExpensesPerForm990Amt0414168
IRS990ScheduleD/TotalRevenuePerForm990Amt0635688
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0635688
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0414168
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt040850
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0RESTRICTED SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/CashGrantAmt0247018
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HIGHLAND COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0486025822
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0600 MAIN
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HIGHLAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KS
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd066035
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS ARE APPROVED BY THE FOUNDATION AND BASED UPON THE DONOR STIPULATED RESTRICTIONS. THE SCHOLARSHIP IS GIVEN TO HCC WHO THEN PASSES TO THE RECIPIENT. SCHOLARSHIPS ARE PROVIDED TO STUDENTS AT HCC. CONTRIBUTED CAPITAL TO HCC IS TO PAY FOR DONOR RESTRICTED ASSETS TO FUND WELLNESS CENTER AND FARM IMPROVEMENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE HIGHLAND COMMUNITY COLLEGE FOUNDATION WAS ESTABLISHED IN 1987 TO ASSIST THE COLLEGE IN PERFORMING ITS MISSION; TO RECEIVE AND ADMINISTER PRIVATE GIFTS, BEQUESTS, AND DONATIONS TO BENEFIT HIGHLAND'S STUDENTS; AND TO ENHANCE THE QUALITY OF TEACHING AND LEARNING AT THE COLLEGE. GIFTS TO THE FOUNDATION SUPPORT PROGRAMS AND ACTIVITIES NOT FUNDED THROUGH PERFORMING ITS MISSION; TO RECEIVE AND ADMINISTER PRIVATE GIFTS, BEQUESTS, AND DONATIONS TO BENEFIT HIGHLAND'S STUDENTS; AND TO ENHANCE THE QUALITY OF TEACHING AND LEARNING AT THE COLLEGE. GIFTS TO THE FOUNDATION SUPPORT PROGRAMS AND ACTIVITIES NOT FUNDED THROUGH TRADITIONAL SOURCES. AT THE SAME TIME, FOUNDATION PROVIDES ASSISTANCE TO DONORS THROUGH A COMPREHENSIVE PROGRAM OF TAX-WISE GIFT ALTERNATIVES THROUGH PLANNED GIVING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO PROVIDE SCHOLARSHIPS TO HCC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GENE BAUER 3705 QUAIL CREED COURT LAWRENCE, KS 6607 STEVEN REICHLE 3735 SW WANAMKER RD TOPEKA, KS 66610 TED COLLINS 314 W MAIN HIGHLAND , KS 66035 DAVID HOLTHAUS 3636 SW STONYBROOK DRIVE TOPEKA, KS 66614 MIKE HUNDLEY 3655 NEOSHO RD CUMMINGS, KS 66016 CYNTHIA JACOBSON 3955 HWY 73 ATCHISON, KS 66016 SHAWN LOYD 2252 LINDEN RD HIAWATHA, KS 66044 LISA WARD 103 S 4TH STREET, STE 201 MANHATTAN, KS 66502 ED WEBB PO BOX 455 HIGHLAND, KS 66035 KIM GORMLEY WHITE 1905 CROSSGATE DRIVE LAWRENCE, KS 66047 PAUL CRAWFORD 2610 NW 62ND STREET TOPEKA, KS 66618 TOM SMITH PO BOX 151 HIGHLAND, KS 66035
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS PREPARE BY A CPA FIRM HIRED BY THE ORGANIZATION AFTER THE AUDITED FINANCIAL STATEMENTS ARE COMPLETED BY THE SAME INDEPENDENT CPA FIRM. A DRAFT OF THE FORM 990 IS SENT TO THE EXECUTIVE DIRECTOR AND MANAGEMENT FOR THEIR REVIEW. ONCE ALL QUESTIONS HAVE BEEN RESOLVED, THE FORM 8879 IS SIGNED BY THE EXECUTIVE DIRECTOR GIVING PERMISSION TO E-FILE THE RETURN WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION GIVES OUT THE PERSONNEL POLICY TO ALL EMPLOYEES, WHICH INCLUDES THE CONFLICT OF INTEREST POLICY. THE FOUNDATION STAFF ARE EMPLOYED BY HCC, THE FOUNDATION FOLLOWS THE POLICES OF THE COLLEGE. THERE IS NO FORMAL MONITORING PROCESS, HOWEVER BECAUSE OF THE SIZE OF THE ORGANIZATION AND THE NATURE OF THE BUSINESS. GOVERNING BODY IS ALSO REQUIRED TO DISCLOSE ANDY RELATIONSHIPS WHICH REQUIRE FORMAL DISCLOSURE TO ANOTHER BODY SUCH AS THE IRS. BOARD REVIEWS ANY POTENTIAL TRANSACTIONS INVOLVING ANY MEMBER AND DETERMINES IF APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO COMPENSATION. WAGES PAID BY HCC WITH A PORTION ALLOCATED AND PAID BY CONTRACT FROM FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DEVELOPMENT DIRECTOR - SPLIT POSITION WITH HCC AND THEY PAY ALL PAYROLL. HCCF TREAST AS A CONTRACT WITH HCC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FORM 990 IS MADE PUBLIC AND AVAILABLE THROUGH AN INDEPENDENT WEBSITE, WWW.GUIDESTAR.COM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt04171407
IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt017424
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0287868
IRS990/TotalFunctionalExpensesGrp/TotalAmt0414168

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.64$0.03$6.61$0.53$0.53$0.00
2023Summary only. Only limited summary data is available for this year.$6.14$0.02$6.12$0.93$0.60$0.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.99$0.02$4.97$1.14$0.42$0.72
2019Detailed filing. Detailed filing data is available for this year.$4.17$0.04$4.13$0.64$0.41$0.22
2018Summary only. Only limited summary data is available for this year.$3.83$0.00$3.83$0.84$0.73$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.90$0.18$3.72$0.40$0.21$0.19
2016Detailed filing. Detailed filing data is available for this year.$3.55$0.19$3.36$0.36$0.17$0.19
2015Detailed filing. Detailed filing data is available for this year.$3.52$0.30$3.22$0.46$0.31$0.16
2014Detailed filing. Detailed filing data is available for this year.$3.42$0.31$3.11$0.38$0.14$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.92$0.05$2.87$0.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.00$0.61$2.38$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.04$2.26$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.02$2.14$0.09