Jefferson State Community College Foundation Inc-Jefferson County
- Assets
- $3.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 04/1973
- Data as of
- 09/2023
- EIN
- 23-7230697
Organization Overview
Jefferson State Community College Foundation Inc-Jefferson County is located in Birmingham, AL. The organization was established in 1973. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Jefferson State Community College Foundation Inc-Jefferson County 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 09/2023, Jefferson State Community College Foundation Inc-Jefferson County generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 69.9% each year . All expenses for the organization totaled $296.9k during the year ending 09/2023. While expenses have increased by 3.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES SUPPORT AND ENHANCES THE ACTIVITIES OF JEFFERSON STATE COMMUNITY COLLEGE. THE FOUNDATION PROVIDES SUPPORT THROUGH STUDENT SCHOLARSHIPS, PROFESSIONAL DEVELOPMENT, AND COLLEGE-COMMUNITY PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES ARE FOR THE EXPLICIT PURPOSE OF ADVANCING THE EDUCATIONAL SERVICES FOR JEFFERSON STATE COMMUNITY COLLEGE. PARTICIPATION IN THESE ACTIVITIES BENEFITS A LARGE POPULATION OF SUTDENTS, FACULTY, AND STAFF. THE ORGANIZATION PROVIDES SUPPORT THROUGH STUDENT SCHOLARSHIPS, SELECTED FACULTY AND STAFF PROFESSIONAL DEVELOPMENT ACTIVITIES AND COLLEGE-COMMUNITY PARTNERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stan Batemon Board Member | Trustee | 1 | $0 |
Frank Brocato Board Member | Trustee | 1 | $0 |
Ann Florie Board Member | Trustee | 1 | $0 |
Bill Hereford Board Member | Trustee | 1 | $0 |
John O Hudson III Board Member | Trustee | 1 | $0 |
Paul Rogers Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $817,774 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $792,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,609,918 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,746 |
| Net Income from Fundraising Events | -$21,315 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,600,349 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,130 |
| Grants and other assistance to domestic individuals. | $25,375 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,346 |
| Advertising and promotion | $0 |
| Office expenses | $5,070 |
| Information technology | $11,790 |
| 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 | $6,320 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,266 |
| Insurance | $1,016 |
| All other expenses | $2,621 |
| Total functional expenses | $296,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,132,492 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $797,508 |
| 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 | $16,815 |
| Net Land, buildings, and equipment | $208,018 |
| Investments—publicly traded securities | $69,327 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,224,160 |
| Accounts payable and accrued expenses | $138,164 |
| 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 | $138,164 |
| Net assets without donor restrictions | $1,999,647 |
| Net assets with donor restrictions | $1,086,349 |
| 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 | $3,224,160 |