Hocking College Foundation Inc
- Assets
- $2.7m
- Revenue
- $590.3k
- Investments
- $1.7m
- Employees
- 0
- Location
- Nelsonville, OH
- Founding
- 07/1993
- Data as of
- 06/2021
- EIN
- 31-1368278
Organization Overview
Hocking College Foundation Inc is located in Nelsonville, OH. The organization was established in 1993. According to its NTEE Classification (B42) the organization is classified as: Undergraduate 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. Hocking College Foundation 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 06/2021, Hocking College Foundation Inc generated $590.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $328.7k during the year ending 06/2021. 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
HOCKING TECHNICAL COLLEGE A STATE INSTITUTION OF HIGHER LEARNING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS RECEIVED SEVERAL SCHOLARSHIPS AND MAKES AWARDS THROUGHOUT THE YEAR. THE FOUNDATION IS THE FUNDREAISING ARM FOR THE COLLEGE AND PROVIDES ASSISTANCE FOR FUNDRAISING AND ALUMNI DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Betty Young Member | 0.33 | $301,662 | |
Mark Fuller Treasurer | OfficerTrustee | 0.33 | $90,450 |
Doug Wells Director | Officer | 40 | $55,466 |
Jim Rogers Member Chair | OfficerTrustee | 0.33 | $0 |
William Rinehart Member Secretary | OfficerTrustee | 0.33 | $0 |
Richard Bancroft Member Vice Chair | OfficerTrustee | 0.33 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,700 |
| Total Program Service Revenue | $0 |
| Investment income | $289,479 |
| 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 | $590,332 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,740 |
| 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 | $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 | $0 |
| Office expenses | $969 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $493 |
| 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 | $262,495 |
| Total functional expenses | $328,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $640,336 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $273,572 |
| 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 | $78,880 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,717,946 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,710,734 |
| Accounts payable and accrued expenses | $313,125 |
| 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 | $313,125 |
| Net assets without donor restrictions | $2,397,609 |
| 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 | $2,710,734 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Hocking College Foundation Inc has recieved totaling $121,043.
| Awarding Organization | Amount |
|---|---|
Donald Morris Charitable Trust Lowell, OH PURPOSE: DONATION TO PURCHASE NEW EQUIPMENT FOR STUDENTS. | $100,000 |
Park National Bank Foundation Park National Bank Newark, OH PURPOSE: SUPPORT | $10,000 |
Park National Bank Foundation Park National Bank Newark, OH PURPOSE: SUPPORT | $6,000 |
Peoples Bank Foundation Inc Marietta, OH PURPOSE: FOR PROGRAM SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Endowment Analysis
| Beg. Balance | $875,899 |
| Earnings | $261,630 |
| Net Contributions | $28,705 |
| Ending Balance | $1,166,234 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seton Hill University Greensburg, PA | $189,465,294 | $99,847,300 |
Wittenberg College Board Of Directors Springfield, OH | $198,135,859 | $89,178,248 |
Juniata College Huntingdon, PA | $246,892,473 | $100,031,718 |
Washington And Jefferson College Washington, PA | $317,857,588 | $82,152,318 |
University Of Mount Union Alliance, OH | $316,310,745 | $109,042,625 |
Elizabethtown College Elizabethtown, PA | $232,746,641 | $88,467,618 |
Saint Vincent College Latrobe, PA | $298,895,974 | $111,303,783 |
Adrian College Adrian, MI | $148,979,647 | $94,047,786 |
Chatham University Pittsburgh, PA | $217,171,716 | $86,845,252 |
Alma College Alma, MI | $267,015,717 | $86,854,101 |
College For Creative Studies Detroit, MI | $255,607,237 | $81,212,922 |
Grove City College Grove City, PA | $365,541,622 | $83,257,741 |