Sinclair Community College Foundation
- Assets
- $47.0m
- Revenue
- $5.1m
- Investments
- $189.2k
- Employees
- 0
- Location
- Dayton, OH
- Founding
- 09/1969
- Data as of
- 06/2021
- EIN
- 23-7032312
Organization Overview
Sinclair Community College Foundation is located in Dayton, OH. The organization was established in 1969. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sinclair Community College Foundation 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 06/2021, Sinclair Community College Foundation generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sinclair Community College Foundation has awarded 11 individual grants totaling $3,619,324. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO KEEP HIGHER EDUCATION ACCESSIBLE TO THE REGION'S RESIDENTS THROUGH STUDENT SCHOLARSHIPS AND PROGRAM SUPPORT AND TO HELP SINCLAIR COMMUNITY COLLEGE REMAIN AMONG THE NATION'S LEADING COMMUNITY COLLEGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP MONIES ARE AWARDS MADE UNDER VARIOUS SINCLAIR COMMUNITY COLLEGE SCHOLARSHIP PROGRAMS. THE AWARDS ARE USED BY STUDENTS FOR TUITION FEES AND BOOKS BASED ON NEED AND ACADEMIC ACHIEVEMENT.
THIS PROGRAM PROVIDES COLLEGE AND CAREER READINESS FOR MONTGOMERY COUNTY OHIO HIGH SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Steven Johnson Secretary | OfficerTrustee | 3 | $0 |
Thomas Burkhardt Chair | OfficerTrustee | 2 | $0 |
Linda Parenti Vice Chair | OfficerTrustee | 1 | $0 |
William Boudouris Treasurer | OfficerTrustee | 1 | $0 |
Judy Cook Trustee | Trustee | 1 | $0 |
Eric Horstman Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $255,689 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,708,526 |
| Noncash contributions included in lines 1a–1f | $281,776 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,020,415 |
| Total Program Service Revenue | $0 |
| Investment income | $784,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $605,011 |
| Net Gain/Loss on Asset Sales | $695,268 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,105,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,378,144 |
| Grants and other assistance to domestic individuals. | $1,335,437 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $95,725 |
| Fees for services: Legal | $13,791 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,676 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,460 |
| Office expenses | $0 |
| Information technology | $26,970 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,181,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,709 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $445,423 |
| 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 | $5,088,126 |
| Investments—publicly traded securities | $40,766,149 |
| Investments—other securities | $189,159 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $282,922 |
| Total assets | $46,955,488 |
| Accounts payable and accrued expenses | $75,664 |
| 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 | $0 |
| Total liabilities | $75,664 |
| Net assets without donor restrictions | $31,860,636 |
| Net assets with donor restrictions | $15,019,188 |
| 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 | $46,955,488 |
Grants Awarded
Over the last fiscal year, Sinclair Community College Foundation has awarded $1,378,144 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Dayton, OH PURPOSE: Program Support | $931,297 |
Dayton, OH PURPOSE: Classroom equipment | $281,776 |
Dayton, OH PURPOSE: Program support | $165,071 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sinclair Community College Foundation has recieved totaling $92,616.
| Awarding Organization | Amount |
|---|---|
Fleck Scholarship Fund Lebanon, OH PURPOSE: SCHOLARSHIPS | $75,000 |
Robert C Neff Sinclair Tr Fbo Ymca 38j229005 Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $17,616 |
Endowment Analysis
| Beg. Balance | $12,217,643 |
| Earnings | $2,996,112 |
| Admin Expense | $105,445 |
| Net Contributions | $2,588,845 |
| Other Expense | $972,400 |
| Grants | $781,486 |
| Ending Balance | $15,943,269 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |
Marshall University Foundation Incorporated Huntington, WV | $365,151,220 | $39,444,191 |
Friends Of Breakthrough Schools Cleveland, OH | $75,617,435 | $14,315,646 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Ers Strategic Properties Inc Rootstown, OH | $122,229,530 | $11,683,070 |
Employee Benefit Trust Of Northampton Co Area Community Coll Bethlehem, PA | $1,194,772 | $10,407,527 |