Volunteer State College Foundation

Organization Overview

Volunteer State College Foundation is located in Gallatin, TN. The organization was established in 1989. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Volunteer State 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, Volunteer State College Foundation generated $867.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $633.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Volunteer State College Foundation has awarded 20 individual grants totaling $3,979,795. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE AND ADMINISTER FUNDS TO SUPPORT THE EDUCATIONAL OBJECTIVES OF VOLUNTEER STATE COMMUNITY COLLEGE AND SOLICIT THE ACTIVE INVOLVEMENT OF ALL COMMUNITIES WITHIN OUR SERVICE AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

A PRIMARY FUNCTION OF VOLUNTEER STATE COLLEGE FOUNDATION IS TO INCREASE THE LEVEL OF EDUCATIONAL ATTAINMENT BY THE CITIZENS OF NORTHERN MIDDLE TENNESSEE. TO THIS END, THE FOUNDATION SEEKS FUNDS FOR CAPITAL PROJECTS, ACADEMIC PROGRAM SUPPORT, NECESSARY OPERATIONAL EXPENSES NOT COVERED BY STATE OR FEDERAL FUNDING, AND TO PROVIDE SCHOLARSHIPS. CURRENTLY, THE FOUNDATION OFFERS MORE THAN 175 DIFFERENT ANNUAL AND ENDOWED SCHOLARSHIPS.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Orthinia Montague
College Pres
$0
Dr Jerry Faulkner
Past College
$0
Daisy Casey
Board Chair
$0
Steven Parker
Campaign Cha
$0
David Gregory
Vice Chair
$0
Karen Mitchell
Executive Di
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$56,839
Related organizations$61,484
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$279,688
Noncash contributions included in lines 1a–1f $7,900
Total Revenue from Contributions, Gifts, Grants & Similar$398,011
Total Program Service Revenue$67,244
Investment income $205,629
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $112,841
Net Income from Fundraising Events $83,743
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $867,468

Grants Awarded

Over the last fiscal year, Volunteer State College Foundation has awarded $1,962,252 in support to 9 organizations.

Grant RecipientAmount

VOLUNTEER STATE COMMUNITY COLLEGE

PURPOSE: ANNUAL CAMPAIGN

$488,187

VOLUNTEER STATE COMMUNITY COLLEGE

PURPOSE: ANNUAL CAMPAIGN

$488,187

VOLUNTEER STATE COMMUNITY COLLEGE

PURPOSE: ANNUAL CAMPAIGN

$488,187

VOLUNTEER STATE COMMUNITY COLLEGE

PURPOSE: SCHOLARSHIPS

$143,016

VOLUNTEER STATE COMMUNITY COLLEGE

PURPOSE: SCHOLARSHIPS

$143,016

VOLUNTEER STATE COMMUNITY COLLEGE

PURPOSE: SCHOLARSHIPS

$143,016
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Volunteer State College Foundation has recieved totaling $12,198.

Awarding OrganizationAmount
Dodson Family Charitable Foundation Inc

Gallatin, TN

PURPOSE: FOR ITS GENERAL PURPOSES

$10,000
Edward R And Ruby J@lea Charitable Trust B

Carthage, TN

PURPOSE: EDUCATION SCHOLARSHIP FOR STUDENTS

$1,000
Lincoln Financial Foundation Inc

Radnor, PA

PURPOSE: MATCHING GIFT

$500
Lpl Financial Foundation Inc

Boston, MA

PURPOSE: OPERATIONAL SUPPORT

$400
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$298
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,007,358
Earnings-$1,273,498
Net Contributions$13,062
Other Expense$12,679
Grants$106,275
Ending Balance$6,627,967

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