Southern Regional Technical College Foundation Inc
- Assets
- $2.7m
- Revenue
- $1.3m
- Investments
- $178.4k
- Employees
- 0
- Location
- Thomasville, GA
- Founding
- 12/1991
- Data as of
- 06/2021
- EIN
- 58-1899079
Organization Overview
Southern Regional Technical College Foundation Inc is located in Thomasville, GA. The organization was established in 1991. 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. Southern Regional Technical College Foundation Inc 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 06/2021, Southern Regional Technical College Foundation Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 36.0% each year . All expenses for the organization totaled $709.5k during the year ending 06/2021. While expenses have increased by 18.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE CAUSE OF HIGHER EDUCATION AND EXPAND EDUCATIONAL OPPORTUNITIES TO THE STUDENTS OF SOUTHERN REGIONAL TECHNICAL COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNDESIGNATED FUNDING INCLUDING ENDOWMENTS PROVIDES A MEANS TO FUND OTHER EXPENDITURES NOT ELIGIBLE FOR STATE FUNDING, WHICH ALLOWS THE TECHNICAL COLLEGE TO ENHANCE THE PROGRAMS AND SERVICES AVAILABLE TO STUDENTS, INCLUDING: EQUIPMENT AND TECHNOLOGY NEEDS, LIBRARY PURCHASES, STUDENT SUCCESS PROGRAMS AND SERVICES, AND MANY OTHER AREAS OF NEED.
THE FOUNDATION A.S.N. PROGRAM PROVIDES SIGNIFICANT SUPPORT TO THE COLLEGE'S A.S.N. PROGRAM. THE FOUNDATION'S A.S.N. PROGRAM PROVIDES NECESSARY EDUCATIONAL RESOURCES AND TRAINING FOR STUDENTS WHO SEEK TO BECOME NURSES.
SCHOLARSHIP DEVELOPMENT PROVIDES ELIGIBLE STUDENTS FINANCIAL AID IN ORDER TO COMPLETE THEIR EDUCATIONAL GOALS, CREATING SCHOLARSHIP OPPORTUNITIES TO ATTRACT NEW STUDENTS, RETAIN EXISTING STUDENTS,AND REWARD THOSE WHO EXCEL IN THEIR PROGRAMS OF STUDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Watson Secretary | OfficerTrustee | 1 | $0 |
Bob Swadel Vice Chairman | OfficerTrustee | 1 | $0 |
Mark A Cobb Treasurer | OfficerTrustee | 1 | $0 |
Bo Rosser Trustee | Trustee | 1 | $0 |
Jason Harpe Trustee | Trustee | 1 | $0 |
Tim Smith Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $290,793 |
| All other contributions, gifts, grants, and similar amounts not included above | $888,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,178,863 |
| Total Program Service Revenue | $0 |
| Investment income | $158,097 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,336,960 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $494,820 |
| Grants and other assistance to domestic individuals. | $132,703 |
| 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 | $12,384 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,004 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,307 |
| Office expenses | $1,611 |
| Information technology | $15,929 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,985 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,632 |
| Insurance | $1,264 |
| All other expenses | $0 |
| Total functional expenses | $709,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $477,494 |
| Savings and temporary cash investments | $106,684 |
| Pledges and grants receivable | $35,024 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,055,053 |
| Investments—publicly traded securities | $874,444 |
| Investments—other securities | $178,375 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,727,074 |
| 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 | $560,613 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,898 |
| Total liabilities | $610,511 |
| Net assets without donor restrictions | $573,639 |
| Net assets with donor restrictions | $1,542,924 |
| 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 | $2,727,074 |
Grants Awarded
Over the last fiscal year, Southern Regional Technical College Foundation Inc has awarded $494,820 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN REGIONAL TECHICAL CO PURPOSE: Provide support for SRTC Programs | $291,837 |
SOUTHERN REGIONAL TECHICAL CO PURPOSE: RN Program Development | $202,983 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southern Regional Technical College Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Colquitt Regional Medical Foundation Inc Moultrie, GA PURPOSE: FACULTY & SCHOLARSHP | $50,000 |
Endowment Analysis
| Beg. Balance | $957,667 |
| Earnings | $158,097 |
| Admin Expense | $4,004 |
| Net Contributions | $180,150 |
| Other Expense | $239,091 |
| Ending Balance | $1,052,819 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of South Florida Foundation Inc Tampa, FL | $929,677,670 | $144,887,499 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
Florida State University Foundation Inc Tallahassee, FL | $730,089,060 | $57,370,131 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
University Of South Carolina Educational Foundation Columbia, SC | $607,523,681 | $89,201,263 |
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |
Florida International University Foundation Inc Miami, FL | $475,743,772 | $154,605,877 |