Civic Intelligence

College Foundation Inc

EIN 61-6035281 • 501(c)3 • Henderson, KY

Profile

Fundraising arm for henderson community college to provide support and scholarships as needed.

2260 S Green StreetHenderson, KY 42420

www.henderson.kctcs.edu/GIVING/FOUNDAT

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

97th percentile

84%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Revenue Growth

62nd percentile

15%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$3,234,192

Up $344,228 (+12%) from 2024

Liabilities

Up

$2,187

Up $712 (+48%) from 2024

Net Assets

Up

$3,232,005

Up $343,516 (+12%) from 2024

Operations
Liabilities / Revenue25th percentileNet Margin97th percentile

Revenue

Down

$409,337

Down $143,362 (-26%) from 2024

Expenses

Down

$65,821

Down $139,684 (-68%) from 2024

Net Income

Down

$343,516

Down $3,678 (-1.1%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth69th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $1,318,081Liabilities 2012: $0Net Assets 2012: $1,318,0812012Assets 2013: $1,977,432Liabilities 2013: $0Net Assets 2013: $1,977,4322013Assets 2014: $2,562,553Liabilities 2014: $0Net Assets 2014: $2,562,5532014Assets 2015: $2,826,529Liabilities 2015: $10,000Net Assets 2015: $2,816,5292015Assets 2016: $2,629,270Liabilities 2016: $0Net Assets 2016: $2,629,2702016Assets 2017: $2,440,417Liabilities 2017: $0Net Assets 2017: $2,440,4172017Assets 2018: $2,237,645Liabilities 2018: $0Net Assets 2018: $2,237,6452018Assets 2019: $2,241,069Liabilities 2019: $14,896Net Assets 2019: $2,226,1732019Assets 2020: $2,195,504Liabilities 2020: $8,406Net Assets 2020: $2,187,0982020Assets 2021: $2,652,409Liabilities 2021: $270Net Assets 2021: $2,652,1392021Assets 2022: $2,287,467Liabilities 2022: $514Net Assets 2022: $2,286,9532022Assets 2023: $2,542,074Liabilities 2023: $779Net Assets 2023: $2,541,2952023Assets 2024: $2,889,964Liabilities 2024: $1,475Net Assets 2024: $2,888,4892024Assets 2025: $3,234,192Liabilities 2025: $2,187Net Assets 2025: $3,232,0052025

Highlighted filing

2025

Assets$3,234,192
Liabilities$2,187
Net Assets$3,232,005
Open 2025 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2012: $431,3852012Revenue 2013: $847,479Expenses 2013: $188,128Net Income 2013: $659,3512013Revenue 2014: $906,977Expenses 2014: $321,856Net Income 2014: $585,1212014Revenue 2015: $608,786Expenses 2015: $312,230Net Income 2015: $296,5562015Revenue 2016: $221,141Expenses 2016: $378,558Net Income 2016: -$157,4172016Revenue 2017: $744,584Expenses 2017: $1,096,465Net Income 2017: -$351,8812017Revenue 2018: $286,369Expenses 2018: $647,545Net Income 2018: -$361,1762018Revenue 2019: $294,839Expenses 2019: $308,016Net Income 2019: -$13,1772019Revenue 2020: $274,372Expenses 2020: $313,447Net Income 2020: -$39,0752020Revenue 2021: $851,483Expenses 2021: $386,442Net Income 2021: $465,0412021Revenue 2022: $271,645Expenses 2022: $636,831Net Income 2022: -$365,1862022Revenue 2023: $399,795Expenses 2023: $145,453Net Income 2023: $254,3422023Revenue 2024: $552,699Expenses 2024: $205,505Net Income 2024: $347,1942024Revenue 2025: $409,337Expenses 2025: $65,821Net Income 2025: $343,5162025

Highlighted filing

2025

Revenue$409,337
Expenses$65,821
Net Income$343,516
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,234,192
Liabilities
$2,187
Net assets
$3,232,005
Revenue
$409,337
Expenses
$65,821
Net income
$343,516
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.23$0.00$3.23$0.41$0.07$0.34
2024Detailed filing. Detailed filing data is available for this year.$2.89$0.00$2.89$0.55$0.21$0.35
2023Detailed filing. Detailed filing data is available for this year.$2.54$0.00$2.54$0.40$0.15$0.25
2022Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$0.27$0.64$0.37
2021Detailed filing. Detailed filing data is available for this year.$2.65$0.00$2.65$0.85$0.39$0.47
2020Detailed filing. Detailed filing data is available for this year.$2.20$0.01$2.19$0.27$0.31$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.24$0.01$2.23$0.29$0.31$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$0.29$0.65$0.36
2017Detailed filing. Detailed filing data is available for this year.$2.44$0.00$2.44$0.74$1.10$0.35
2016Detailed filing. Detailed filing data is available for this year.$2.63$0.00$2.63$0.22$0.38$0.16
2015Detailed filing. Detailed filing data is available for this year.$2.83$0.01$2.82$0.61$0.31$0.30
2014Detailed filing. Detailed filing data is available for this year.$2.56$0.00$2.56$0.91$0.32$0.59
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.00$1.98$0.85$0.19$0.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.00$1.32$0.43
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 3, 2025
Return Version
2024v5.0
Gross Receipts
$409,337
Mission and Program Overview

Mission

Fundraising arm for henderson community college to provide support and scholarships as needed.

The college foundation, inc. Was founded to support the mission of henderson community college by raising funds and awareness throughout the community. It is a separate not-for-profit 501(c)(3) organization, led by an independent board of directors. The primary purposes of the foundation include advancing the vision, mission, goals, and objectives of hcc and: catalyst, leadership, and coordination for the private-sector resource development programs and activities of henderson community college. Raise private funds for college-wide initiatives and needs. Provide oversight and guidance for the management and investment of private funds. Friend-raiser and advocate for henderson community college. Advisor to henderson community college president.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,706,444$2,945,061▲ $238,617
Savings and Temporary Cash Investments$140,115$245,310▲ $105,195
Land, Buildings, and Equipment, Net$42,000$42,000→ $0
Accounts Receivable$1,000--
Total Assets$2,889,964$3,234,192▲ $344,228
Other Assets Total$405$1,821▲ $1,416
Liabilities
Accounts Payable and Accrued Expenses$1,475$2,187▲ $712
Total Liabilities$1,475$2,187▲ $712
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,774,047$1,937,845▲ $163,798
Net Assets Without Donor Restrictions$1,114,442$1,294,160▲ $179,718
Total Net Assets Fund Balance$2,888,489$3,232,005▲ $343,516
Total Liabilities and Net Assets / Fund Balance$2,889,964$3,234,192▲ $344,228

Asset Categories

AssetBook ValueDepreciationBasis
Land$42,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2025$1,419,658$16,441▲ $68,152-$1,513,556
2024$1,316,857$51,553▲ $60,748-$1,419,658
2023$1,235,596$51,205▲ $40,820-$1,316,857
2022$1,168,189$25,000▲ $45,322-$1,235,596
2021$1,059,683-▲ $113,436-$1,168,189
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Jinger CarterChair
Charles JohnsonVice-chair
Becky CarrollDirector
Bill GentryDirector
Bobbie JarrettDirector
Brian HawkesDirector
Brian NewmanDirector
Doris Razzano-marshallDirector
Jason WarrenDirector
Linda WhiteDirector
Lindsay DurbinDirector
Meredith PowellDirector
Pam CornettDirector
Sandy FreeburgerDirector
Steve ArnettDirector
Susie WatkinsDirector
Tamika JohnsonDirector
Whitney FloydDirector
Jennifer PrestonExecutive Di
Cooper LillySecretary/tr
Judge Rene WilliamsSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$144,963
Program Service Revenue
$0
Investment Income
$254,839
Other Revenue
$9,535
All Other Contributions
$144,963
Change in Net Assets
$343,516

Audited Revenue Reconciliation

Revenue per Audited Statements
$409,337
Total Revenue per Audited Statements
$409,337
Total Revenue per Form 990
$409,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$46,630
Other Expenses$19,191
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$30,270--$30,270
Grants to Domestic Individuals$16,360--$16,360
Fees for Services Accounting-$13,006-$13,006
Insurance-$3,784-$3,784
Other Expenses-$1,514-$1,514
Office Expenses-$481-$481
Conferences and Meetings-$406-$406
Total Functional Expenses$46,630$19,191$0$65,821

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$65,821
Total Expenses per Audited Statements$65,821
Total Expenses per Form 990$65,821
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Henderson Community CollegeHenderson, KYGovSee Part Iv$30,270
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
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, Page 6, Part VI, Line 11B

“Form 990 information is compiled by foundation management and return is prepared by an independent third party certified public accounting firm familiar with the foundation's operations, policies, and committee/board actions. Final return is reviewed and approved by foundation executive director. Board of directors are notified that form 990 is available in it's entirety for their review.”

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

“Executive director reviews policy and required annual disclosure statement with board members annually.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents available to the public upon request at 2660 south green street, henderson, ky.”

Filing and Contact Details

Filer

Filer Name
College Foundation Inc
EIN
61-6035281
Phone
2708319805
Address
2260 S GREEN STREET, HENDERSON, KY 42420

Signing Officer

Name
Jennifer Preston
Title
Executive Director
Phone
2708319805
Signed
2025-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jinger Carter
Formed
1957
Legal Domicile
Ky
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
25

Preparer

Firm
Kemper CPA Group Llp
Address
101 E MAIN STREET, MORGANFIELD, KY 42437
Preparer
Robert P Baird
Phone
2703891239
Supplemental Narrative

Additional Explanations

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

“The college foundation, inc. Provides support for student scholarships at henderson community college. The foundation now provides financial support for approx. Twenty scholarship programs for the college. The awards range from 120 to 750 per semester to assist in the cost of tuition and books/fees. Additional financial support was provided to assist high school students in obtaining college credit through ap courses provided at their local high schools. The foundation provides financial support for the rotary colonels to college and braves to college programs which provides scholarships (administered by the college) to eligble students of henderson and union counties, respectively, who meet specific criteria to continue their education at henderson community college. Funds for these programs are remitted annually to the college's common fund where matching funds are awarded by the state of kentucky.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Endowment funds are used solely to fund individually named scholarship programs for eligible students of henderson community college as directed by donor endowment agreements. Investment returns are allocated and distributions are determined in accordance with donor stipulations.”

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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/ActivityOrMissionDesc0THE COLLEGE FOUNDATION, INC. WAS FOUNDED TO SUPPORT THE MISSION OF HENDERSON COMMUNITY COLLEGE BY RAISING FUNDS AND AWARENESS THROUGHOUT THE COMMUNITY. IT IS A SEPARATE NOT-FOR-PROFIT 501(C)(3) ORGANIZATION, LED BY AN INDEPENDENT BOARD OF DIRECTORS. THE PRIMARY PURPOSES OF THE FOUNDATION INCLUDE ADVANCING THE VISION, MISSION, GOALS, AND OBJECTIVES OF HCC AND: CATALYST, LEADERSHIP, AND COORDINATION FOR THE PRIVATE-SECTOR RESOURCE DEVELOPMENT PROGRAMS AND ACTIVITIES OF HENDERSON COMMUNITY COLLEGE. RAISE PRIVATE FUNDS FOR COLLEGE-WIDE INITIATIVES AND NEEDS. PROVIDE OVERSIGHT AND GUIDANCE FOR THE MANAGEMENT AND INVESTMENT OF PRIVATE FUNDS. FRIEND-RAISER AND ADVOCATE FOR HENDERSON COMMUNITY COLLEGE. ADVISOR TO HENDERSON COMMUNITY COLLEGE PRESIDENT.
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE COLLEGE FOUNDATION, INC. PROVIDES FINANCIAL SUPPORT TO THE FACULTY AND STAFF OF HENDERSON COMMUNITY COLLEGE TO MAINTAIN QUALITY PROGRAMS, TO PROVIDE FOR STUDENT ACADEMIC ACTIVITIES, AND ASSIST IN PUBLIC RELATIONS, PROFESSIONAL DEVELOPMENT AND RECRUITING. THESE FUNDS ALLOW THE PRESIDENT TO RESPOND TO THE NEEDS AND OPPORTUNITES TO ENHANCE THE EXPERIENCE OF STUDENTS AT THE HENDERSON CAMPUS.
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