Pellissippi State Community College Foundation
- Assets
- $22.7m
- Revenue
- $1.1m
- Investments
- $20.9m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 03/1983
- Data as of
- 06/2023
- EIN
- 58-1493050
Organization Overview
Pellissippi State Community College Foundation is located in Knoxville, TN. The organization was established in 1983. 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. Pellissippi 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 06/2023, Pellissippi State Community College Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 12.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO PROVIDE EQUIPMENT, SUPPLIES, SCHOLARSHIPS AND ALLOCATIONS TO PELLISSIPPI STATE COMMUNITY COLLEGE FOR STUDENTS AND TEACHERS. THE FOUNDATION WRITES GRANTS FOR THE COLLEGE, WHICH RESULTED IN $1,139,589 IN GRANTS FOR THE COLLEGE DURING THE FISCAL YEAR ENDED JUNE 30, 2023.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND AWARDS TO STUDENTS AND FACULTY
EQUIPMENT AND SUPPLIES TO PELLISSIPPI STATE COMMUNITY COLLEGE
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 |
|---|---|---|---|
Heather Beck Trustee | Trustee | 1 | $0 |
Rosa M Mar Trustee | Trustee | 1 | $0 |
Anne Lezotte Trustee | Trustee | 1 | $0 |
Paul Sponcia Trustee | Trustee | 1 | $0 |
Butch Peccolo Trustee | Trustee | 1 | $0 |
Jeremy Cook Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $79,745 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $662,991 |
| Noncash contributions included in lines 1a–1f | $96,508 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $742,736 |
| Total Program Service Revenue | $0 |
| Investment income | $328,461 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,534 |
| Net Income from Fundraising Events | $5,449 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,095,180 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $735,563 |
| Grants and other assistance to domestic individuals. | $256,150 |
| 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 | $200 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,269 |
| 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 | $1,233 |
| All other expenses | $7,570 |
| Total functional expenses | $1,134,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,584 |
| Savings and temporary cash investments | $960,027 |
| Pledges and grants receivable | $591,516 |
| 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 | $1,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,910,389 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,707,016 |
| Accounts payable and accrued expenses | $1,039 |
| 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 | $1,039 |
| Net assets without donor restrictions | $2,279,832 |
| Net assets with donor restrictions | $20,426,144 |
| 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 | $22,707,016 |