Chattanooga State Community College Foundation
- Assets
- $9.7m
- Revenue
- $1.1m
- Investments
- $7.9m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 04/1978
- Data as of
- 06/2022
- EIN
- 58-1311669
Organization Overview
Chattanooga State Community College Foundation is located in Chattanooga, TN. The organization was established in 1978. 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. Chattanooga State 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 06/2022, Chattanooga State Community College Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 2.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND ADVANCE THE GOALS IN SUPPORT OF THE MISSION OF CHATTANOOGA STATE COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
PROVIDE FUNDING TO MEET THE NEEDS OF APPROXIMATELY 15 DEPARTMENTS/PROGRAMS AT CHATTANOOGA STATE COMMUNITY COLLEGE. ITEMS TYPICALLY PROVIDED INCLUDE SUPPLIES AND/OR EQUIPMENT.
PROVIDE SCHOLARSHIPS FOR APPROXIMATELY 270 STUDENTS OF CHATTANOOGA STATE COMMUNITY COLLEGE.
PROVIDE FUNDING FOR 6 FACULTY/STAFF EXCELLENCE AWARDS, AND FUNDING FOR OTHER FACULTY/STAFF DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edna Varner Chairman | OfficerTrustee | 1 | $0 |
Stefanie Crowe Secretary | OfficerTrustee | 0.5 | $0 |
John F Germ Treasurer | OfficerTrustee | 0.5 | $0 |
C Duffy Frank Jr Board Member | Trustee | 0.5 | $0 |
Tom White Board Member | Trustee | 0.5 | $0 |
Maricela Rodriguez DDS Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $79,135 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $583,849 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $662,984 |
| Total Program Service Revenue | $0 |
| Investment income | $141,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $318,102 |
| Net Income from Fundraising Events | -$11,090 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,112,258 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $966,458 |
| 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 | $5,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,447 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $454 |
| 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 | $1,073 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,124 |
| Total functional expenses | $1,047,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $939,194 |
| Pledges and grants receivable | $811,853 |
| Accounts receivable, net | $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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,939,101 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,690,248 |
| Accounts payable and accrued expenses | $18,654 |
| 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 | $18,654 |
| Net assets without donor restrictions | $1,099,471 |
| Net assets with donor restrictions | $8,572,123 |
| 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 | $9,690,248 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Chattanooga State Community College Foundation has recieved totaling $723,622.
| Awarding Organization | Amount |
|---|---|
Beacon Foundation Charitable Tr Kennesaw, GA PURPOSE: "GLOBAL SCHOLARS" PROGRAM - PROVIDE UNIQUE LEARNING AND EXPLORATORY EXPERIENCES NOT TYPICALLY AVAILABLE TO STUDENTS | $100,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $76,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $76,000 |
American Association Of Community Colleges Washington, DC PURPOSE: SKILLS TO SUCCEED | $60,364 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: DUAL ENROLLMENT OPPORTUNITY SCHOLARSHIP | $55,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: DUAL ENROLLMENT OPPORTUNITY SCHOLARSHIP | $55,000 |
Endowment Analysis
| Beg. Balance | $7,270,066 |
| Earnings | -$987,540 |
| Admin Expense | $411,926 |
| Net Contributions | $57,250 |
| Ending Balance | $5,927,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Investment Management Company Charlottesville, VA | $10,038,884,501 | $457,345,731 |
The Lord Foundation Of North Carolina Durham, NC | $23,094,681 | $641,441 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of North Carolina At Greensboro Investment Fund Inc Greensboro, NC | $369,290,686 | $22,759,163 |
Appalachian State University Foundation Inc Boone, NC | $159,413,962 | $18,404,104 |
University Of North Carolina Chapel Hill Arts And Sciences Foundation Chapel Hill, NC | $518,992,807 | $33,231,064 |
Old Dominion University Educational Foundation Norfolk, VA | $390,141,589 | $33,517,872 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |
Georgia Tech Facilities Inc Atlanta, GA | $407,064,936 | $14,504,049 |
University Of Southern Mississippi Foundation Hattiesburg, MS | $151,472,857 | $19,113,544 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |