College Foundation Inc.

“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.”

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

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

“The college foundation, inc. Provides support for student scholarships at henderson community college. The foundation now provides financial support for twenty scholarship programs for the college. The awards range from 120 to 750 per semester to assist in the cost of tuition, books and fees; with 25 students receiving financial support through the foundation during the fiscal year ended june 30, 2019. 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 (continued on schedule o) 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.”

“Form 3115 cash to accrual conversion 1,705”

“Audited financial statements prepared in accordance with gaap on the accrual basis of accounting, while form 990 years prior to 2018 were prepared on the cash basis of accounting. Effective tax year 2018 form 990 will be prepared on same basis as audited financial statements - accrual.”