Hendricks College Network Inc
- Assets
- $519.3k
- Revenue
- $294.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Plainfield, IN
- Founding
- 03/2003
- Data as of
- 12/2022
- EIN
- 14-1864323
Organization Overview
Hendricks College Network Inc is located in Plainfield, IN. The organization was established in 2003. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2022, Hendricks College Network Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hendricks College Network Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Hendricks College Network Inc generated $294.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $248.7k during the year ending 12/2022. While expenses have increased by 11.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HENDRICKS COLLGE NETWORK IS TO PROVIDE UNLIMITED POST SECONDARY EDUCATIONAL OPPORTUNITIES TO HENDRICKS COUNTY AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HENDRICKS COLLEGE NETWORK PROVIDED DIRECT ACCESS TO COLLEGE PROGRAMS, BUSINESS TRAININGS AND LIFELONG LEARNING OPPORTUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandy Perrill Non-Voting Executive Direc | Officer | 40 | $75,000 |
Marcia Lynch President | OfficerTrustee | 2 | $0 |
Steven Blacketer Treasurer | OfficerTrustee | 2 | $0 |
Greg Steuerwald Board Member | Trustee | 2 | $0 |
Angela Davis Board Member | Trustee | 2 | $0 |
Larry Scott Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $105,047 |
| All other contributions, gifts, grants, and similar amounts not included above | $182,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $287,472 |
| Total Program Service Revenue | $6,730 |
| Investment income | $575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,777 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,915 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,730 |
| Payroll taxes | $11,611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,000 |
| Office expenses | $2,841 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,512 |
| All other expenses | $3,552 |
| Total functional expenses | $248,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,484 |
| Savings and temporary cash investments | $312,849 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $519,333 |
| Accounts payable and accrued expenses | $362 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $393,956 |
| Total liabilities | $394,318 |
| Net assets without donor restrictions | $125,015 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $519,333 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hendricks College Network Inc has recieved totaling $11,750.
| Awarding Organization | Amount |
|---|---|
Hendricks County Community Foundation Inc Avon, IN PURPOSE: COVID RESPONSE | $11,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Guidance Chicago, IL | $53,420,050 | $58,990,353 |
After School Matters Inc Chicago, IL | $60,145,273 | $31,888,769 |
Roadtrip Nation Ltd Indianapolis, IN | $0 | $5,778,608 |
Ulh Inc Louisville, KY | $43,242,391 | $8,714,119 |
University Club Of Milwaukee Milwaukee, WI | $10,081,224 | $7,416,108 |
St Richards Episcopal School Inc Indianapolis, IN | $7,903,240 | $8,220,248 |
Green River Regional Education Cooperative Inc Bowling Green, KY | $8,161,400 | $7,463,495 |
Chicago Scholars Foundation Chicago, IL | $9,876,556 | $6,079,355 |
Ross-Ade Foundation West Lafayette, IN | $185,779,035 | $4,230,686 |
Little Buns Inc Carmel, IN | $470,846 | $4,308,621 |
Complete College America Inc Indianapolis, IN | $10,589,853 | $9,838,948 |
American Student Dental Association Chicago, IL | $5,865,827 | $3,123,417 |