Civic Intelligence

Augusta Technical College Foundation Inc.

990 • Fiscal year 2022 • EIN 58-1750663

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 08, 2023

3200 Augusta Tech Drive Building 1Augusta, GA 30906

(706) 771-4006

Siviq Scores

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

Liabilities / Assets

50th percentile

0.17x

Higher debt load relative to assets than 50% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

64th percentile

0.40x

Higher debt load relative to revenue than 64% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

96th percentile

84%

Higher net margin than 96% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

94th percentile

83%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

627%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$10,537,458

Up $4,793,470 (+83%) from 2021

Net Assets

Up

$8,702,346

Up $2,982,122 (+52%) from 2021

Liabilities

Up

$1,835,112

Up $1,811,348 (+7622%) from 2021

Revenue

Up

$4,573,220

Up $3,944,465 (+627%) from 2021

Expenses

Up

$719,366

Up $488,209 (+211%) from 2021

Net Income

Up

$3,853,854

Up $3,456,256 (+869%) from 2021

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: $3,118,261Liabilities 2011: $0Net Assets 2011: $3,118,2612011Assets 2012: $4,337,860Liabilities 2012: $0Net Assets 2012: $4,337,8602012Assets 2013: $4,413,048Liabilities 2013: $0Net Assets 2013: $4,413,0482013Assets 2014: $4,207,056Liabilities 2014: $0Net Assets 2014: $4,207,0562014Assets 2015: $3,930,720Liabilities 2015: $0Net Assets 2015: $3,930,7202015Assets 2016: $4,234,675Liabilities 2016: $0Net Assets 2016: $4,234,6752016Assets 2017: $4,576,256Liabilities 2017: $0Net Assets 2017: $4,576,2562017Assets 2018: $4,485,652Liabilities 2018: $0Net Assets 2018: $4,485,6522018Assets 2019: $4,987,580Liabilities 2019: $0Net Assets 2019: $4,987,5802019Assets 2020: $5,186,195Liabilities 2020: $0Net Assets 2020: $5,186,1952020Assets 2021: $5,743,988Liabilities 2021: $23,764Net Assets 2021: $5,720,2242021Assets 2022: $10,537,458Liabilities 2022: $1,835,112Net Assets 2022: $8,702,3462022Assets 2023: $11,483,696Liabilities 2023: $1,153,095Net Assets 2023: $10,330,6012023Assets 2024: $13,944,451Liabilities 2024: $1,129,826Net Assets 2024: $12,814,6252024

Highlighted filing

2022

Assets$10,537,458
Liabilities$1,835,112
Net Assets$8,702,346

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2011: $301,969Expenses 2011: $163,302Net Income 2011: $138,6672011Expenses 2012: $332,4172012Revenue 2013: $310,141Expenses 2013: $231,998Net Income 2013: $78,1432013Revenue 2014: $375,414Expenses 2014: $214,009Net Income 2014: $161,4052014Revenue 2015: $311,355Expenses 2015: $260,709Net Income 2015: $50,6462015Revenue 2016: $346,075Expenses 2016: $313,380Net Income 2016: $32,6952016Revenue 2017: $281,552Expenses 2017: $177,729Net Income 2017: $103,8232017Revenue 2018: $430,103Expenses 2018: $188,134Net Income 2018: $241,9692018Revenue 2019: $363,600Expenses 2019: $202,504Net Income 2019: $161,0962019Revenue 2020: $512,396Expenses 2020: $231,795Net Income 2020: $280,6012020Revenue 2021: $628,755Expenses 2021: $231,157Net Income 2021: $397,5982021Revenue 2022: $4,573,220Expenses 2022: $719,366Net Income 2022: $3,853,8542022Revenue 2023: $2,287,712Expenses 2023: $709,740Net Income 2023: $1,577,9722023Revenue 2024: $3,141,011Expenses 2024: $695,617Net Income 2024: $2,445,3942024

Highlighted filing

2022

Revenue$4,573,220
Expenses$719,366
Net Income$3,853,854
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 8, 2023
Return Version
2022v5.0
Gross Receipts
$10,488,557
Mission and Program Overview

Mission

To raise and appropriate resources that will support augusta technical college in carrying out its mission of excellence in workforce education that leads to the career advancement of its students.

To raise and appropiate resources that will support augusta technical college in carrying out its mission of excellence in workforce education that leads to career advancement of its students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$579,886$6,266,378▲ $5,686,492
Investments in Publicly Traded Securities$4,929,028$3,403,628▼ $1,525,400
Pledges and Grants Receivable-$728,553-
Cash and Non-Interest-Bearing Accounts$228,259$98,047▼ $130,212
Accounts Receivable$3,831$37,868▲ $34,037
Prepaid Expenses and Deferred Charges$2,984$2,984→ $0
Total Assets$5,743,988$10,537,458▲ $4,793,470
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,800,000-
Accounts Payable and Accrued Expenses$23,764$35,112▲ $11,348
Total Liabilities$23,764$1,835,112▲ $1,811,348
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,254,910$6,279,293▲ $3,024,383
Net Assets With Donor Restrictions$2,465,314$2,423,053▼ $42,261
Total Net Assets Fund Balance$5,720,224$8,702,346▲ $2,982,122
Total Liabilities and Net Assets / Fund Balance$5,743,988$10,537,458▲ $4,793,470

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,018,542$5,088$4,023,630
Land$2,247,836-$2,247,836

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$1,181,161$11,813▼ $48,015-$1,142,109
2021$1,280,944$45,830▼ $139,863-$1,181,161
2020$1,264,109$33,295▼ $5,517-$1,280,944
2019$1,235,636$28,247▲ $1,726-$1,264,109
2018$1,195,515$47,686▼ $6,065-$1,235,636
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$4,222,337
Program Service Revenue
$0
Investment Income
$343,059
Other Revenue
$7,824
All Other Contributions
$4,222,337
Change in Net Assets
$3,853,854

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$1,605,630Fair Market Value
Total Noncash Contributions1$1,605,630-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,573,220
Revenue Not Reported on Form 990
$-755,283
Total Revenue per Audited Statements
$3,817,937
Total Revenue per Form 990
$4,573,220
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$609,351
Other Expenses$110,015
Total Fundraising Expense$17,603
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$500,667--$500,667
Grants to Domestic Individuals$108,684--$108,684
Fees for Services Accounting-$20,287$3,864$24,151
Fees for Service Investment Mgmnt Fees-$16,411$3,126$19,537
Conferences and Meetings-$13,743$2,618$16,361
All Other Expenses-$11,391$2,170$13,561
Information Technology-$9,490$1,808$11,298
Depreciation Depletion-$4,274$814$5,088
Insurance-$3,693$703$4,396
Occupancy-$1,928$367$2,295
Other Expenses-$819$156$975
Office Expenses-$564$108$672
Total Functional Expenses$609,351$92,412$17,603$719,366

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$835,815
Expenses per Audited Statements$719,366
Total Expenses per Form 990$719,366
Expenses Not Reported on Form 990$116,449
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Augusta Technical CollegeAugusta, GA115iSupport the Mission$500,667
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
Yes
Backup withholding compliance
No
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, Page 6, Part VI, Line 11B

A copy of the form 990 will be shared with the board for their review and approval prior to submission to the irs.

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

On an annual basis, the foundation director collects the data forms and reviews them for any possible conflict of interest. If a question arises about a potential conflict of interest, it is brought to the attention of the foundation board president to review and decide a course of action. That person with the potential conflict also will recuse themselves from all discussion and/or vote on the matter.

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

The foundation has no full time employees. Key personnel in support of the foundation are college employees and are subject to compensation, classification and all other personnel policies of the college. The college periodically reviews its classification and compensation structure.

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Augusta Technical College
EIN
58-1750663
Phone
7067714006
Address
3200 AUGUSTA TECH DRIVE BUILDING 1, AUGUSTA, GA 30906

Signing Officer

Name
Mrs Cheryl Ciucevich
Title
VP
Phone
7067714006
Signed
2023-09-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Randall Hatcher
Formed
1987
Legal Domicile
Ga
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
The Cleveland Group
Address
3740 EXECUTIVE CENTER DR STE 200, MARTINEZ, GA 30907-2360
Preparer
Adam Williams
Phone
7062882800
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The endowment funds were established to provide permanent funding opportunities for scholarships for students. With the exception of the thomas brooks and andrew jefferson endowments, which are not yet fully funded, the endowments are all for scholarships or equipment purchases. The intent of the funds is to use the interest earned from the funds to award scholarships to students. The minimum to establish an endowment fund is 10,000.

Schedule D, Page 3, Part X

The foundation is exempt from income taxes 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. In addition, the foundation qualifies for the charitable contribution deduction under section 170(b) (i)(a)(vi) and has been classified as a foundation other than a private foundation under section 509(a)(2). Therefore, no provision for income taxes is recorded by the foundation. The foundation is not aware of any uncertain tax positions as of december 31, 2022.

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IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt05999325
IRS990/GrossReceiptsAmt010488557
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01808
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt09490
IRS990/InformationTechnologyGrp/TotalAmt011298
IRS990/InsuranceGrp/FundraisingAmt0703
IRS990/InsuranceGrp/ManagementAndGeneralAmt03693
IRS990/InsuranceGrp/TotalAmt04396
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0259071
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0259071
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IRS990/InvestmentsPubTradedSecGrp/BOYAmt04929028
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03403628
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05088
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0579886
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06266378
IRS990/LandBldgEquipCostOrOtherBssAmt06271466
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt05915337
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO RAISE AND APPROPIATE RESOURCES THAT WILL SUPPORT AUGUSTA TECHNICAL COLLEGE IN CARRYING OUT ITS MISSION OF EXCELLENCE IN WORKFORCE EDUCATION THAT LEADS TO THE CAREER ADVANCEMENT OF ITS STUDENTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt083988
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IRS990/NetUnrlzdGainsLossesInvstAmt0-871732
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt01605630
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IRS990/OccupancyGrp/FundraisingAmt0367
IRS990/OccupancyGrp/ManagementAndGeneralAmt01928
IRS990/OccupancyGrp/TotalAmt02295
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IRS990/OfficeExpensesGrp/TotalAmt0672
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0DUES/SUBSCRIPTIONS/MEMBER
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2DONOR CULTIVATION
IRS990/OtherExpensesGrp/FundraisingAmt01581
IRS990/OtherExpensesGrp/FundraisingAmt1288
IRS990/OtherExpensesGrp/FundraisingAmt2156
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08300
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11512
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2819
IRS990/OtherExpensesGrp/TotalAmt09881
IRS990/OtherExpensesGrp/TotalAmt11800
IRS990/OtherExpensesGrp/TotalAmt2975
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07824
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IRS990/OtherRevenueTotalAmt07824
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0728553
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02984
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02984
IRS990/PrincipalOfficerNm0MR RANDALL HATCHER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDING SUPPORT TO AUGUSTA TECHNICAL COLLEGE AND ITS STUDENTS TO PROMOTE ITS MISSION OF EXCELLENCE IN WORKFORCE EDUCATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0500667
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0500667
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDING AWARDS AND INCENTIVES TO INSTRUCTORS FOR THEIR EXCELLENCE IN ADVANCING THEIR STUDENTS TOWARDS THEIR CAREER OBJECTIVES.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0307571
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt043107
IRS990/PYInvestmentIncomeAmt0315544
IRS990/PYOtherExpensesAmt0188050
IRS990/PYOtherRevenueAmt05640
IRS990/PYRevenuesLessExpensesAmt0397598
IRS990/PYTotalExpensesAmt0231157
IRS990/PYTotalRevenueAmt0628755
IRS990/ReconcilationRevenueExpnssAmt03853854
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt035,233
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04222337
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0307571
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0185614
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0152476
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0214181
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05082179
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0343059
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0315544
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0172115
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0158174
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0158977
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01147869
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0729867
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07824
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05640
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt04399
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt09724
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt07646
IRS990ScheduleA/OtherIncome170Grp/TotalAmt035233
IRS990ScheduleA/PublicSupportCY170Pct00.59980
IRS990ScheduleA/PublicSupportPY170Pct00.48840
IRS990ScheduleA/PublicSupportTotal170Amt03758097
IRS990ScheduleA/SubstantialContributorsTotAmt01324082
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04222337
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0307571
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0185614
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0152476
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0214181
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05082179
IRS990ScheduleA/TotalSupportAmt06265281
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/BuildingsGrp/BookValueAmt04018542
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05088
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04023630
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01181161
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt011813
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01142109
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt02850
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-48015
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01280944
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt045830
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01181161
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt05750
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-139863
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01264109
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt033295
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01280944
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt010943
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-5517
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01235636
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt028247
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01264109
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01726
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01195515
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt047686
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01235636
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt01500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-6065
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0116449
IRS990ScheduleD/DonatedServicesUseFcltsAmt0116449
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0116449
IRS990ScheduleD/ExpensesSubtotalAmt0719366
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02247836
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02247836
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-871732
IRS990ScheduleD/RevenueNotReportedAmt0-755283
IRS990ScheduleD/RevenueSubtotalAmt04573220
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS WERE ESTABLISHED TO PROVIDE PERMANENT FUNDING OPPORTUNITIES FOR SCHOLARSHIPS FOR STUDENTS. WITH THE EXCEPTION OF THE THOMAS BROOKS AND ANDREW JEFFERSON ENDOWMENTS, WHICH ARE NOT YET FULLY FUNDED, THE ENDOWMENTS ARE ALL FOR SCHOLARSHIPS OR EQUIPMENT PURCHASES. THE INTENT OF THE FUNDS IS TO USE THE INTEREST EARNED FROM THE FUNDS TO AWARD SCHOLARSHIPS TO STUDENTS. THE MINIMUM TO ESTABLISH AN ENDOWMENT FUND IS 10,000.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM INCOME TAXES 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. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B) (I)(A)(VI) AND HAS BEEN CLASSIFIED AS A FOUNDATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THEREFORE, NO PROVISION FOR INCOME TAXES IS RECORDED BY THE FOUNDATION. THE FOUNDATION IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06266378

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.9$1.13$12.8$3.14$0.70$2.45
2023Detailed filing. Detailed filing data is available for this year.$11.5$1.15$10.3$2.29$0.71$1.58
2022Detailed filing. Detailed filing data is available for this year.$10.5$1.84$8.70$4.57$0.72$3.85
2021Detailed filing. Detailed filing data is available for this year.$5.74$0.02$5.72$0.63$0.23$0.40
2020Detailed filing. Detailed filing data is available for this year.$5.19$0.00$5.19$0.51$0.23$0.28
2019Detailed filing. Detailed filing data is available for this year.$4.99$0.00$4.99$0.36$0.20$0.16
2018Detailed filing. Detailed filing data is available for this year.$4.49$0.00$4.49$0.43$0.19$0.24
2017Detailed filing. Detailed filing data is available for this year.$4.58$0.00$4.58$0.28$0.18$0.10
2016Detailed filing. Detailed filing data is available for this year.$4.23$0.00$4.23$0.35$0.31$0.03
2015Detailed filing. Detailed filing data is available for this year.$3.93$0.00$3.93$0.31$0.26$0.05
2014Detailed filing. Detailed filing data is available for this year.$4.21$0.00$4.21$0.38$0.21$0.16
2013Detailed filing. Detailed filing data is available for this year.$4.41$0.00$4.41$0.31$0.23$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.34$0.00$4.34$0.33
2011Summary only. Only limited summary data is available for this year.$3.12$0.00$3.12$0.30$0.16$0.14