Civic Intelligence

Chattanooga State Community College Foundation

990 • Fiscal year 2021 • EIN 58-1311669

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 22, 2022

4501 Amnicola HighwayChattanooga, TN 37406-1097

(423) 697-4487

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

11th percentile

0.01x

Higher debt load relative to revenue than 11% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

86th percentile

50%

Higher net margin than 86% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

77th percentile

24%

Faster asset growth than 77% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

75th percentile

39%

Faster revenue growth than 75% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$11,197,647

Up $2,202,334 (+24%) from 2020

Net Assets

Up

$11,181,884

Up $2,197,633 (+24%) from 2020

Liabilities

Up

$15,763

Up $4,701 (+42%) from 2020

Revenue

Up

$1,178,369

Up $332,212 (+39%) from 2020

Expenses

Down

$586,496

Down $56,014 (-8.7%) from 2020

Net Income

Up

$591,873

Up $388,226 (+191%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $6,782,584Liabilities 2011: $23,787Net Assets 2011: $6,758,7972011Assets 2012: $6,391,097Liabilities 2012: $32,587Net Assets 2012: $6,358,5102012Assets 2013: $6,482,268Liabilities 2013: $37,405Net Assets 2013: $6,444,8632013Assets 2014: $6,949,078Liabilities 2014: $14,834Net Assets 2014: $6,934,2442014Assets 2015: $6,868,350Liabilities 2015: $47,001Net Assets 2015: $6,821,3492015Assets 2016: $6,447,720Liabilities 2016: $17,878Net Assets 2016: $6,429,8422016Assets 2017: $6,958,131Liabilities 2017: $7,011Net Assets 2017: $6,951,1202017Assets 2018: $8,934,004Liabilities 2018: $252,204Net Assets 2018: $8,681,8002018Assets 2019: $8,814,204Liabilities 2019: $59,238Net Assets 2019: $8,754,9662019Assets 2020: $8,995,313Liabilities 2020: $11,062Net Assets 2020: $8,984,2512020Assets 2021: $11,197,647Liabilities 2021: $15,763Net Assets 2021: $11,181,8842021Assets 2022: $9,690,248Liabilities 2022: $18,654Net Assets 2022: $9,671,5942022Assets 2023: $10,112,121Liabilities 2023: $57,978Net Assets 2023: $10,054,1432023Assets 2024: $11,033,138Liabilities 2024: $80,213Net Assets 2024: $10,952,9252024Assets 2025: $13,157,946Liabilities 2025: $68,722Net Assets 2025: $13,089,2242025

Highlighted filing

2021

Assets$11,197,647
Liabilities$15,763
Net Assets$11,181,884

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $363,727Expenses 2011: $602,150Net Income 2011: -$238,4232011Revenue 2012: $388,211Expenses 2012: $612,814Net Income 2012: -$224,6032012Revenue 2013: $555,939Expenses 2013: $737,413Net Income 2013: -$181,4742013Revenue 2014: $783,353Expenses 2014: $600,567Net Income 2014: $182,7862014Revenue 2015: $1,031,563Expenses 2015: $847,029Net Income 2015: $184,5342015Revenue 2016: $793,457Expenses 2016: $909,921Net Income 2016: -$116,4642016Revenue 2017: $823,893Expenses 2017: $612,530Net Income 2017: $211,3632017Revenue 2018: $2,470,805Expenses 2018: $1,012,309Net Income 2018: $1,458,4962018Revenue 2019: $1,091,139Expenses 2019: $944,402Net Income 2019: $146,7372019Revenue 2020: $846,157Expenses 2020: $642,510Net Income 2020: $203,6472020Revenue 2021: $1,178,369Expenses 2021: $586,496Net Income 2021: $591,8732021Revenue 2022: $1,112,258Expenses 2022: $1,047,906Net Income 2022: $64,3522022Revenue 2023: $969,082Expenses 2023: $1,043,330Net Income 2023: -$74,2482023Revenue 2024: $804,504Expenses 2024: $772,992Net Income 2024: $31,5122024Revenue 2025: $2,508,120Expenses 2025: $964,585Net Income 2025: $1,543,5352025

Highlighted filing

2021

Revenue$1,178,369
Expenses$586,496
Net Income$591,873
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 22, 2022
Return Version
2020v4.2
Gross Receipts
$1,283,369
Mission and Program Overview

Mission

To benefit and carry out the educational purposes of chattanooga state community college.

To support and advance the goals in support of the mission of chattanooga state community college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$6,901,436$9,167,842▲ $2,266,406
Savings and Temporary Cash Investments$950,173$1,060,941▲ $110,768
Pledges and Grants Receivable$1,038,704$967,881▼ $70,823
Accounts Receivable$105,000$0▼ $105,000
Prepaid Expenses and Deferred Charges$0$983▲ $983
Total Assets$8,995,313$11,197,647▲ $2,202,334
Liabilities
Accounts Payable and Accrued Expenses$11,062$15,763▲ $4,701
Total Liabilities$11,062$15,763▲ $4,701
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,841,298$9,877,420▲ $2,036,122
Net Assets Without Donor Restrictions$1,142,953$1,304,464▲ $161,511
Total Net Assets Fund Balance$8,984,251$11,181,884▲ $2,197,633
Total Liabilities and Net Assets / Fund Balance$8,995,313$11,197,647▲ $2,202,334

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$3,239,833--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$5,351,508$446,424▲ $1,631,517-$7,270,066
2019$5,057,813$221,486▲ $194,671-$5,351,508
2018$4,805,586$169,572▲ $304,254-$5,057,813
2017$4,397,167$149,210▲ $417,286-$4,805,586
2016$3,971,423$66,074▲ $538,432-$4,397,167
Compensation and Service Providers

Board Members and Trustees

NameTitle
Edna VarnerChairman
C Duffy Frank JrBoard Member
J Britton TaborBoard Member
Joe FergusonBoard Member
Julie DavisBoard Member
Larry ParksBoard Member
Maricela Rodriguez DdsBoard Member
Rowena BelcherBoard Member
Tom WhiteBoard Member
W Keith SanfordBoard Member
W Scott MatticeBoard Member
Wade HintonBoard Member
Stefanie CroweSecretary
John F GermTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$774,687
Program Service Revenue
$0
Investment Income
$383,682
Other Revenue
$20,000
All Other Contributions
$774,687
Change in Net Assets
$591,873
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$516,617
Other Expenses$69,879
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$516,617--$516,617
Fees for Service Investment Mgmnt Fees-$59,591-$59,591
Fees for Services Accounting-$4,950-$4,950
Conferences and Meetings-$3,155-$3,155
Other Expenses-$1,135-$1,135
Office Expenses-$1,048-$1,048
Total Functional Expenses$516,617$69,879$0$586,496
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Chattanooga State Community CollegeChattanooga, TN115iSupport for Scholarships, Supplies and Faculty$516,617
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
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
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 form 990 is provided to the board chair for review and signature, and it is made available to the entire board for inspection and review prior to filing.

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

Each member signs an annual acknowledgement and disclosure statement with regard to any potential conflicts of interest. If potential conflicts are revealed, those are given to the chairman for review by the board. Board members or officers who have declared or have been found to have a conflict of interest as defined herein, shall refrain from consideration of proposed transactions, unless for special reasons, the board or administration requests information or interpretation. Persons with conflicts shall not vote, participate in discussion or be present at the time of the vote. Any proposed transaction in which a conflict of interest has been declared or found to exist must be approved by a majority of the disinterested members of the board or the appropriate committee of the board after disclosure of the conflict of interest.

Form 990, Part VI, Section B, Line 15

The foundation does not have any employees. Instead, individuals who perform services for the foundation are employed by the college. The foundation pays a shared service agreement fee and reimburses the college for certain administrative expenses.

Form 990, Part VI, Section C, Line 19

Governing documents, the conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Chattanooga State Community
EIN
58-1311669
Phone
4236974487
Address
4501 AMNICOLA HIGHWAY, CHATTANOOGA, TN 37406-1097

Signing Officer

Name
Maricela Rodriguez
Title
Chairman
Phone
4236974487
Signed
2022-02-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edna Varner
Formed
1978
Legal Domicile
Tn
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
14

Preparer

Firm
Elliott Davis Llcpllc
Address
500 EAST MOREHEAD STREET SUITE 700, CHARLOTTE, NC 28202
Preparer
Janice a Ratica
Phone
7043338881
Raw XML AppendixShowing 400 of 480 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/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt020000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt020000
IRS990/OtherRevenueTotalAmt020000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01038704
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0967881
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0983
IRS990/PrincipalOfficerNm0EDNA VARNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE SCHOLARSHIPS FOR APPROXIMATELY 175 STUDENTS OF CHATTANOOGA STATE COMMUNITY COLLEGE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0281006
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0281006
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE FUNDING FOR 5 FACULTY/STAFF EXCELLENCE AWARDS, AND FUNDING FOR OTHER FACULTY/STAFF DEVELOPMENT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt03750
IRS990/ProgSrvcAccomActy3Grp/GrantAmt03750
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0590052
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0582179
IRS990/PYInvestmentIncomeAmt0269127
IRS990/PYOtherExpensesAmt060331
IRS990/PYOtherRevenueAmt0-13022
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0203647
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0642510
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0846157
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0591873
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0950173
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01060941
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0774687
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0590052
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0608441
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01994029
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0588438
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04555647
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0126048
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0163617
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0161062
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0133524
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0124907
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0709158
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt050570
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt020000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0153
IRS990ScheduleA/OtherIncome170Grp/TotalAmt020153
IRS990ScheduleA/PublicSupportCY170Pct00.75480
IRS990ScheduleA/PublicSupportPY170Pct00.76330
IRS990ScheduleA/PublicSupportTotal170Amt03989114
IRS990ScheduleA/SubstantialContributorsTotAmt0566533
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0774687
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0590052
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0608441
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01994029
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0588438
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04555647
IRS990ScheduleA/TotalSupportAmt05284958
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/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0159383
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt05351508
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0446424
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt07270066
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01631517
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0122462
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt05057813
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0221486
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt05351508
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0194671
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0221599
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04805586
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0169572
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt05057813
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0304254
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0158077
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04397167
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0149210
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04805586
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0417286
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0178762
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03971423
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt066074
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04397167
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0538432
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0850009
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1234247
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt22907863
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3214615
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt41721275
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt53239833
IRS990ScheduleD/OtherSecuritiesGrp/Desc0HEDGE FUND LIMITED PARTNERSHIP
IRS990ScheduleD/OtherSecuritiesGrp/Desc1US TREASURY
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CORPORATE STOCK
IRS990ScheduleD/OtherSecuritiesGrp/Desc3CORPORATE BONDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc4MUTUAL FUND BONDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc5MUTUAL EQUITY FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.57604
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.42397
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt09167842
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0516617
IRS990ScheduleI/RecipientTable/IRCSectionDesc0115I
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT FOR SCHOLARSHIPS, SUPPLIES AND FACULTY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHATTANOOGA STATE COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0620725362
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04501 AMNICOLA HIGHWAY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHATTANOOGA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd037406
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION MAINTAINS FILES OF APPROVED EXPENDITURE REQUEST FORMS. THESE FORMS SHOW THE PURPOSE/CRITERIA OF THE FUNDS AND THE EXPLANATION OF THE REQUEST. IT IS REVIEWED FOR ELIGIBILITY, APPROVED AND SIGNED. SCHOLARSHIPS ARE AWARDED AMONGST INDIVIDUALS WHO ATTEND THE COLLEGE AND SUBMIT A SCHOLARSHIP APPLICATION. THE APPLICANTS ARE REVIEWED BASED ON SELECTION CRITERIA, WHICH ARE DETAILED IN THE FOUNDATION SCHOLARSHIP POLICY. NO MONEY ACTUALLY GOES TO THE RECIPIENT - THE FUNDS ARE CREDITED TO THE STUDENTS ACCOUNT, THEN THE COLLEGE BILLS THE FOUNDATION FOR THE TOTAL AMOUNT CREDITED FOR THAT PARTICULAR SEMESTER FOR ALL STUDENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO THE BOARD CHAIR FOR REVIEW AND SIGNATURE, AND IT IS MADE AVAILABLE TO THE ENTIRE BOARD FOR INSPECTION AND REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER SIGNS AN ANNUAL ACKNOWLEDGEMENT AND DISCLOSURE STATEMENT WITH REGARD TO ANY POTENTIAL CONFLICTS OF INTEREST. IF POTENTIAL CONFLICTS ARE REVEALED, THOSE ARE GIVEN TO THE CHAIRMAN FOR REVIEW BY THE BOARD. BOARD MEMBERS OR OFFICERS WHO HAVE DECLARED OR HAVE BEEN FOUND TO HAVE A CONFLICT OF INTEREST AS DEFINED HEREIN, SHALL REFRAIN FROM CONSIDERATION OF PROPOSED TRANSACTIONS, UNLESS FOR SPECIAL REASONS, THE BOARD OR ADMINISTRATION REQUESTS INFORMATION OR INTERPRETATION. PERSONS WITH CONFLICTS SHALL NOT VOTE, PARTICIPATE IN DISCUSSION OR BE PRESENT AT THE TIME OF THE VOTE. ANY PROPOSED TRANSACTION IN WHICH A CONFLICT OF INTEREST HAS BEEN DECLARED OR FOUND TO EXIST MUST BE APPROVED BY A MAJORITY OF THE DISINTERESTED MEMBERS OF THE BOARD OR THE APPROPRIATE COMMITTEE OF THE BOARD AFTER DISCLOSURE OF THE CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES. INSTEAD, INDIVIDUALS WHO PERFORM SERVICES FOR THE FOUNDATION ARE EMPLOYED BY THE COLLEGE. THE FOUNDATION PAYS A SHARED SERVICE AGREEMENT FEE AND REIMBURSES THE COLLEGE FOR CERTAIN ADMINISTRATIVE EXPENSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$13.2$0.07$13.1$2.51$0.96$1.54
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$0.08$11.0$0.80$0.77$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$0.06$10.1$0.97$1.04$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.69$0.02$9.67$1.11$1.05$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$0.02$11.2$1.18$0.59$0.59
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.00$0.01$8.98$0.85$0.64$0.20
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.81$0.06$8.75$1.09$0.94$0.15
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.93$0.25$8.68$2.47$1.01$1.46
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.96$0.01$6.95$0.82$0.61$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.45$0.02$6.43$0.79$0.91$0.12
2015Detailed filing. Detailed filing data is available for this year.$6.87$0.05$6.82$1.03$0.85$0.18
2014Summary only. Only limited summary data is available for this year.$6.95$0.01$6.93$0.78$0.60$0.18
2013Summary only. Only limited summary data is available for this year.$6.48$0.04$6.44$0.56$0.74$0.18
2012Summary only. Only limited summary data is available for this year.$6.39$0.03$6.36$0.39$0.61$0.22
2011Summary only. Only limited summary data is available for this year.$6.78$0.02$6.76$0.36$0.60$0.24