Southeast Community College Educational Fdn
- Assets
- $34.9m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 10/1975
- Data as of
- 06/2022
- EIN
- 51-0168407
Organization Overview
Southeast Community College Educational Fdn is located in Lincoln, NE. The organization was established in 1975. 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. Southeast Community College Educational Fdn 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, Southeast Community College Educational Fdn generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $5.0m during the year ending 06/2022. While expenses have increased by 15.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION ACTS PRIMARILY AS A FUNDRAISING ORGANIZATION TO PROVIDE SUPPORT OF THE COLLEGE. IT PROVIDES SCHOLARSHIPS AND DEVELOPS AND EXTENDS THE FACILITIES AND SERVICES OF THE SOUTHEAST COMMUNITY COLLEGE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS FOR STUDENTS AT SOUTHEAST COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Kiser President | OfficerTrustee | 1 | $0 |
Amy Jorgens Treasurer | OfficerTrustee | 3 | $0 |
Jack Huck Ex Director, | OfficerTrustee | 15 | $0 |
Doris Robertson Vice Preside | OfficerTrustee | 1 | $0 |
Holly Ostergard Secretary | OfficerTrustee | 1 | $0 |
Michelle Birkel Ex Director, | Officer | 15 | $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 | $4,521,971 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,521,971 |
| Total Program Service Revenue | $0 |
| Investment income | $999,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100,000 |
| Net Gain/Loss on Asset Sales | $1,854,162 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,534,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,780,596 |
| 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 | $104,769 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,589 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $109,980 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,117 |
| Information technology | $11,546 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $760 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,041,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,502 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $255,106 |
| Accounts receivable, net | $59,064 |
| 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 | $719,529 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $33,662,673 |
| Intangible assets | $0 |
| Other assets | $83,046 |
| Total assets | $34,869,920 |
| Accounts payable and accrued expenses | $16,430 |
| 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 | $26,933 |
| Total liabilities | $43,363 |
| Net assets without donor restrictions | $1,799,436 |
| Net assets with donor restrictions | $33,027,121 |
| 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 | $34,869,920 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Southeast Community College Educational Fdn has recieved totaling $39,185.
| Awarding Organization | Amount |
|---|---|
J A Woollam Foundation Lincoln, NE PURPOSE: SCHOLARSHIP FUND | $24,000 |
Lincoln Community Foundation Inc Lincoln, NE PURPOSE: SCHOLARSHIPS, GENERAL SUPPORT | $12,696 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $2,471 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Endowment Analysis
| Beg. Balance | $9,661,744 |
| Earnings | -$2,925 |
| Net Contributions | $320,296 |
| Other Expense | $354,076 |
| Ending Balance | $9,625,039 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Community College Foundation Omaha, NE | $18,326,887 | $11,124,448 |
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 |
Kirkwood Community College Foundation Cedar Rapids, IA | $43,540,342 | $11,748,704 |
Southeastern Community College Foundation West Burlington, IA | $16,375,654 | $3,936,639 |
Labette Community College Foundation Parsons, KS | $3,484,837 | $749,910 |
Indian Hills Community College Foundation Ottumwa, IA | $33,459,627 | $8,575,991 |
Pikes Peak Communtiy College Foundation Inc Colorado Springs, CO | $5,356,337 | $1,290,429 |
Frontier School Of The Bible Lagrange, WY | $3,501,922 | $1,802,336 |
Pueblo Community College Foundation Pueblo, CO | $15,005,245 | $6,507,429 |