Stark State College Foundation
- Assets
- $10.7m
- Revenue
- $935.8k
- Investments
- $0.0
- Employees
- 0
- Location
- North Canton, OH
- Founding
- 08/1986
- Data as of
- 06/2022
- EIN
- 34-1577595
Organization Overview
Stark State College Foundation is located in North Canton, OH. The organization was established in 1986. 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. Stark State 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 06/2022, Stark State College Foundation generated $935.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE RELATIONSHIPS WITH STUDENTS, PARTNERS AND COMMUNITIES TO FUND THE RESOURCES THAT SUPPORT THE SUCCESS OF THE STUDENTS, PARTNERS AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS PURSUIT OF HIGHER EDUCATION WAS ENABLED BY SCHOLARSHIP GRANT TO THE COLLEGE FOR STUDENT AND STUDENT SERVICES.
ACADEMIC DEPARTMENTS WERE ENHANCED THROUGH GRANTS FOR EQUIPMENT AND SUPPLIES WHICH IMPROVED SERVICE TO STUDENTS. INSTRUCTIONAL DEPARTMENTS RECEIVE FUNDING WHICH ASSIST STUDENTS AT THE COLLEGE.
COLLEGE FACULTY AND STAFF WERE GRANTED ENHANCED LEARNING OPPORTUNITIES THROUGH PROFESSIONAL DEVELOPMENT AND PUBLIC SERVICE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander J Shannon President, Ssc Foundation Board Of Trustees | OfficerTrustee | 1 | $0 |
Katherine Gessner Ssc Foundation Board Of Trustees Vice President | OfficerTrustee | 1 | $0 |
Mary Jo Shannon Slick ESQ Ssc Foundation Board Of Trustees Secretary | OfficerTrustee | 1 | $0 |
Randy Kreinbrink Ssc Foundation Board Of Trustees Treasurer | OfficerTrustee | 1 | $0 |
Brenda Griffith Advancement Services And Foundation Finance Administrator | Officer | 40 | $0 |
Marissa Rohn Director, Stark State College Foundation | Officer | 40 | $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 | $935,831 |
| Noncash contributions included in lines 1a–1f | $70,949 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $935,831 |
| 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 | $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 | $935,831 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,016,259 |
| 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 | $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 | $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 | $8,295 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $2,508 |
| Total functional expenses | $1,027,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,120 |
| Savings and temporary cash investments | $1,822,436 |
| Pledges and grants receivable | $27,623 |
| 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 | $0 |
| Investments—publicly traded securities | $8,703,194 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,665,373 |
| Accounts payable and accrued expenses | $1,286,901 |
| 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 | $1,286,901 |
| Net assets without donor restrictions | $183,794 |
| Net assets with donor restrictions | $9,194,678 |
| 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 | $10,665,373 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Stark State College Foundation has recieved totaling $41,329.
| Awarding Organization | Amount |
|---|---|
Stark Community Foundation Inc Canton, OH PURPOSE: GENERAL SUPPORT | $33,829 |
The@mary Renkert Wendling Foundation Brooklyn, OH PURPOSE: GENERAL OPERATING | $5,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: SUPPORTING CRITICAL NEEDS OF STARK STATE COLLEGE STUDENTS | $2,500 |
Endowment Analysis
| Beg. Balance | $6,241,773 |
| Earnings | -$322,646 |
| Net Contributions | $232,894 |
| Ending Balance | $6,152,021 |
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 |