Pellissippi State Community College Foundation
- Assets
- $20.8m
- Revenue
- $1.0m
- Investments
- $18.6m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 03/1983
- Data as of
- 06/2022
- 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 06/2022, Pellissippi State Community College Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $4.9m 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
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 $2,526,504 IN GRANTS FOR THE COLLEGE DURING THE FISCAL YEAR ENDED JUNE 30, 2022.
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L Anthony Wise Jr President | OfficerTrustee | 5 | $0 |
Aneisa L Rolen Executive Director | Officer | 30 | $0 |
Rosa M Mar Trustee | Trustee | 1 | $0 |
Paul Sponcia Trustee | Trustee | 1 | $0 |
Jonathan Hayes Trustee | Trustee | 1 | $0 |
Darris Upton Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $92,628 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $790,416 |
| Noncash contributions included in lines 1a–1f | $50,901 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $883,044 |
| Total Program Service Revenue | $0 |
| Investment income | $206,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$52,652 |
| Net Income from Fundraising Events | $5,606 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,042,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,515,330 |
| Grants and other assistance to domestic individuals. | $272,577 |
| 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 | $2,850 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,620 |
| Travel | $1,617 |
| 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 | $11,496 |
| Total functional expenses | $4,917,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,166 |
| Savings and temporary cash investments | $621,737 |
| Pledges and grants receivable | $1,206,265 |
| 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 | $1,233 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $18,601,026 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,765,427 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,758,485 |
| Net assets with donor restrictions | $19,006,942 |
| 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 | $20,765,427 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Pellissippi State Community College Foundation has recieved totaling $271,457.
| Awarding Organization | Amount |
|---|---|
Care Institute Group Inc Indianapolis, IN PURPOSE: CAPITAL CAMPAIGN | $100,000 |
East Tennessee Foundation Knoxville, TN PURPOSE: PROGRAM DEVELOPMENT | $81,100 |
Care Institute Group Inc Indianapolis, IN PURPOSE: CAPITAL CAMPAIGN | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $30,200 |
Covenant Health Knoxville, TN PURPOSE: Support for education center | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $157 |
Endowment Analysis
| Beg. Balance | $15,474,052 |
| Earnings | -$2,181,279 |
| Net Contributions | $112,221 |
| Other Expense | $133,466 |
| Ending Balance | $13,271,528 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Marys School Raleigh, NC | $74,590,364 | $23,129,284 |
Andrew College Cuthbert, GA | $29,741,190 | $11,623,662 |
Shorter College North Little Rock, AR | $8,338,765 | $8,311,177 |
The Metropolitan Community College Foundation Kansas City, MO | $16,663,239 | $3,405,477 |
Pellissippi State Community College Foundation Knoxville, TN | $20,765,427 | $1,042,268 |
Wilkes Community College Foundation Inc Wilkesboro, NC | $12,311,546 | $8,211,087 |
Crowleys Ridge College Paragould, AR | $5,358,943 | $3,865,992 |
Wake Technical Community College Foundation Inc Raleigh, NC | $24,851,874 | $5,743,743 |
Walters State Community College Foundation Morristown, TN | $27,157,062 | $3,646,836 |
Northwest Arkansas Community College Foundation Inc Bentonville, AR | $44,091,991 | $5,872,868 |
Abraham Baldwin Agricultural College Foundation Inc Tifton, GA | $42,241,656 | $6,873,276 |
Virginia Western Community College Educational Founation Inc Roanoke, VA | $30,928,944 | $10,106,195 |