Garden City Community Junior College Endowment Assn
- Assets
- $6.9m
- Revenue
- $997.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Garden City, KS
- Founding
- 03/1968
- Data as of
- 06/2022
- EIN
- 48-6140456
Organization Overview
Garden City Community Junior College Endowment Assn is located in Garden City, KS. The organization was established in 1968. 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. Garden City Community Junior College Endowment Assn 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, Garden City Community Junior College Endowment Assn generated $997.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $719.7k 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
AWARDS SCHOLARSHIPS TO INDIVIDUALS SO THEY MAY CONTINUE THEIR COLLEGE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SCHOLARSHIPS
EQUIPMENT FOR VARIOUS DEPARTMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Gigot Executive Director | Trustee | 40 | $63,162 |
Laura Mangels Treasurer | OfficerTrustee | 1 | $0 |
Paula Alexander President | OfficerTrustee | 1 | $0 |
Kim Harp Secretary | OfficerTrustee | 1 | $0 |
Amy Gillen Vice President | OfficerTrustee | 1 | $0 |
Hailey Knoll Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $108,528 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $611,996 |
| Noncash contributions included in lines 1a–1f | $97,296 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $720,524 |
| Total Program Service Revenue | $0 |
| Investment income | $140,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,686 |
| Net Rental Income | $12,616 |
| Net Gain/Loss on Asset Sales | $115,369 |
| Net Income from Fundraising Events | -$6,146 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $997,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $380,709 |
| 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. | $60,396 |
| Compensation of current officers, directors, key employees. | $15,099 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,389 |
| Payroll taxes | $23,847 |
| 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 | $14,042 |
| Office expenses | $47,625 |
| 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 | $8,666 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $779 |
| Insurance | $211 |
| All other expenses | $0 |
| Total functional expenses | $719,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,580 |
| Savings and temporary cash investments | $806,368 |
| Pledges and grants receivable | $0 |
| 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 | $65,799 |
| Investments—publicly traded securities | $5,998,348 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,933,095 |
| Accounts payable and accrued expenses | $9,847 |
| 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 | $9,847 |
| Net assets without donor restrictions | -$191,429 |
| Net assets with donor restrictions | $7,114,677 |
| 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 | $6,933,095 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Garden City Community Junior College Endowment Assn has recieved totaling $92,275.
| Awarding Organization | Amount |
|---|---|
Western Kansas Community Foundation Garden City, KS PURPOSE: Operating Support | $79,741 |
Finnup Foundation Garden City, KS PURPOSE: Musical instrument program support | $8,000 |
Commerce Foundation Kansas City, MO PURPOSE: SCHOLARSHIPS | $4,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
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 |