Columbia State Community College Foundation
- Assets
- $20.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, TN
- Founding
- 10/1971
- Data as of
- 06/2023
- EIN
- 23-7106327
Organization Overview
Columbia State Community College Foundation is located in Columbia, TN. The organization was established in 1971. 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. Columbia State 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 06/2023, Columbia State Community College Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $720.6k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGES IMPROVEMENT OF EDUCATION AT OUR COLLEGE AND MAKING HIGHER EDUCATION ACCESSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO COLUMBIA STATE COMMUNITY COLLEGE STUDENTS. 513 STUDENTS BENEFITED FROM SCHOLARSHIP OR FINANCIAL ASSISTANCE.
ADMINISTRATIVE OPERATIONS & GENERAL EXPENSES
PROVIDE SUPPORT FOR THE ATHLETIC BOOSTER CLUBS FOR BASEBALL, SOFTBALL, WOMEN'S SOCCER, AND MEN'S AND WOMEN'S BASKETBALL PROGRAMS.
PROVIDE SUPPORT FOR ACADEMIC DEPARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Janet F Smith Trustee (college President | OfficerTrustee | 5 | $0 |
Mike Alexander Chair/president | OfficerTrustee | 1 | $0 |
Mike Keny Vice Chair/ Vice President | OfficerTrustee | 0.5 | $0 |
Nancy Conway Trustee | Trustee | 0.25 | $0 |
Clint Evers Trustee | Trustee | 0.25 | $0 |
Byron Davis Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $57,522 |
| Related organizations | $0 |
| Government grants | $3,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $639,800 |
| Noncash contributions included in lines 1a–1f | $13,335 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $700,822 |
| Total Program Service Revenue | $0 |
| Investment income | $434,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $365,875 |
| Net Income from Fundraising Events | -$53,689 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,447,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $222,040 |
| Grants and other assistance to domestic individuals. | $392,176 |
| 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 | $33,042 |
| Fees for services: Legal | $2,450 |
| 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 | $1,976 |
| Office expenses | $49,690 |
| Information technology | $0 |
| 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 | $13,329 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,266 |
| All other expenses | $612 |
| Total functional expenses | $720,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,638,013 |
| Pledges and grants receivable | $616,979 |
| Accounts receivable, net | $28,576 |
| 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 | $16,417,601 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,701,169 |
| Accounts payable and accrued expenses | $123,647 |
| 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 | $123,647 |
| Net assets without donor restrictions | $2,929,417 |
| Net assets with donor restrictions | $17,648,105 |
| 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 | $20,701,169 |
Grants Awarded
Over the last fiscal year, Columbia State Community College Foundation has awarded $677,670 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA STATE COMMUNITY COLLEGE PURPOSE: SUPPORT OF ACADEMIC PROGRAMS, COLLEGE ATHLETIC PROGRAMS, AND FACILITY IMPROVEMENTS | $527,670 |
LAWRENCE COUNTY HIGHER EDUCATION COMMISSION PURPOSE: SUPPORT FOR NEW CAMPUS IN LAWRENCE COUNTY | $150,000 |