Pratt Community College Foundation
- Assets
- $6.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Pratt, KS
- Founding
- 10/1973
- Data as of
- 06/2021
- EIN
- 23-7315077
Organization Overview
Pratt Community College Foundation is located in Pratt, KS. 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. Pratt 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, Pratt Community College Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $504.5k during the year ending 06/2021. While expenses have increased by 9.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ACCESS TO HIGHER EDUCATION IN SOUTH CENTRAL KANSAS AND TO ADVANCE INSTITUTIONAL EXCELLENCE THROUGH FINANCIAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS TO 111 STUDENTS IN ALL AREAS OF STUDY AT PRATT COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Fisher Secretary | OfficerTrustee | 2 | $0 |
Gregg Lesh President | OfficerTrustee | 2 | $0 |
Kent Adams Treasurer | OfficerTrustee | 2 | $0 |
William Wade Vice President | OfficerTrustee | 2 | $0 |
Eric Bronson Director | Trustee | 1 | $0 |
Richard Kerschen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $174,261 |
| Related organizations | $147,326 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $651,313 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $972,900 |
| Total Program Service Revenue | $0 |
| Investment income | $69,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $90,901 |
| Net Income from Fundraising Events | -$55,712 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,095,142 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $253,418 |
| 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 | $143,940 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $48,000 |
| Fees for services: Investment Management | $25,941 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,675 |
| Office expenses | $150 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9 |
| All other expenses | $387 |
| Total functional expenses | $504,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,432,900 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,100 |
| 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 | $165,452 |
| Investments—publicly traded securities | $3,987,874 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $626,905 |
| Total assets | $6,231,231 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $4,848,605 |
| Net assets with donor restrictions | $1,382,626 |
| 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 | $6,231,231 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Pratt Community College Foundation has recieved totaling $66,077.
| Awarding Organization | Amount |
|---|---|
South Central Community Foundation Pratt, KS PURPOSE: General Support | $57,677 |
Pete Henry Foundation Colby, KS PURPOSE: SCHOLARSHIPS | $3,900 |
David And Mary P Rush Educational Trust Hays, KS PURPOSE: SELECTED SCHOLARSHIP RECIPIENT AWARD | $3,000 |
Rose Spurrier Scholarship Fund Kingman, KS PURPOSE: SCHOLARSHIP | $1,000 |
Alfred R And Velma Kvasnicka Declaration Of Tr Mcpherson, KS PURPOSE: SCHOLARSHIPS FOR STUDENT TUITION | $500 |
Endowment Analysis
| Beg. Balance | $729,930 |
| Earnings | $150,877 |
| Admin Expense | $31,840 |
| Net Contributions | $68,000 |
| Ending Balance | $916,967 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ranken Technical College St Louis, MO | $130,223,439 | $47,100,026 |
Cottey College Nevada, MO | $140,381,856 | $25,014,106 |
Metropolitan Community College Foundation Omaha, NE | $18,326,887 | $11,124,448 |
Bacone Baptist Church Muskogee, OK | $8,262,001 | $7,873,102 |
Tulsa Community College Foundation Tulsa, OK | $22,351,433 | $4,013,088 |
Central Community College Foundation Inc Hastings, NE | $18,731,696 | $3,222,811 |
The Metropolitan Community College Foundation Kansas City, MO | $16,663,239 | $3,405,477 |
Southeast Community College Educational Fdn Lincoln, NE | $34,869,920 | $7,534,713 |
Westside Community Schools Foundation Inc Omaha, NE | $4,889,901 | $5,389,514 |
Labette Community College Foundation Parsons, KS | $3,484,837 | $749,910 |
Pikes Peak Communtiy College Foundation Inc Colorado Springs, CO | $5,356,337 | $1,290,429 |
Pueblo Community College Foundation Pueblo, CO | $15,005,245 | $6,507,429 |