College Heights Foundation Inc
- Assets
- $105.5m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Bowling Green, KY
- Founding
- 04/1942
- Data as of
- 12/2022
- EIN
- 61-0459494
Organization Overview
College Heights Foundation Inc is located in Bowling Green, KY. The organization was established in 1942. 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. College Heights 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 12/2022, College Heights Foundation Inc generated $11.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $9.1m during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE AND ENCOURAGEMENT TO DESERVING STUDENTS ATTENDING WESTERN KENTUCKY UNIVERSITY THROUGH THE ADMINISTRATION OF SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SCHOLARSHIPS AND OTHER ASSISTANCE TO STUDENTS OF WESTERN KENTUCKY UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Caboni Director | Trustee | 1 | $0 |
Donald Smith President | Officer | 20 | $0 |
Cynthia Wilkerson Treasurer | Officer | 20 | $0 |
Jessica Carver Vice Preside | Officer | 40 | $0 |
Sue Miller Secretary | Officer | 8 | $0 |
Dan Cherry Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,371,686 |
| Noncash contributions included in lines 1a–1f | $400,678 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,371,686 |
| Total Program Service Revenue | $0 |
| Investment income | $2,027,250 |
| 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 | $11,398,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,881,143 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $360,034 |
| Compensation of current officers, directors, key employees. | $360,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $357,628 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,375 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $366,952 |
| Fees for services: Other | $2,573 |
| Advertising and promotion | $0 |
| Office expenses | $42,617 |
| Information technology | $11,770 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,173 |
| 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 | $41,953 |
| Insurance | $18,378 |
| All other expenses | $28,501 |
| Total functional expenses | $9,111,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,084,761 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $757,274 |
| Accounts receivable, net | $6,500 |
| 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 | $955,180 |
| Investments—publicly traded securities | $90,947,534 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,791,279 |
| Total assets | $105,542,528 |
| Accounts payable and accrued expenses | $1,551 |
| 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 | $5,940,596 |
| Total liabilities | $5,942,147 |
| Net assets without donor restrictions | $3,011,231 |
| Net assets with donor restrictions | $96,589,150 |
| 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 | $105,542,528 |