Community & Technical College Foundation Of Ashland Inc
- Assets
- $9.2m
- Revenue
- $359.6k
- Investments
- $7.9m
- Employees
- 0
- Location
- Ashland, KY
- Founding
- 03/1995
- Data as of
- 06/2022
- EIN
- 61-1274401
Organization Overview
Community & Technical College Foundation Of Ashland Inc is located in Ashland, KY. The organization was established in 1995. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. Community & Technical College Foundation Of Ashland 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 06/2022, Community & Technical College Foundation Of Ashland Inc generated $359.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $513.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. 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 SUPPORT THE EDUCATIONAL PROGRAMS AND SERVICES OF ASHLAND COMMUNITY COLLEGE AND TO PROMOTE AWARENESS OF THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASHLAND COMMUNITY AND TECHNICAL COLLEGE SCHOLARSHIPS AND SUPPORT OF EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Stewart Jr President | OfficerTrustee | $0 | |
Terry Fyffe Treasurer | OfficerTrustee | $0 | |
Ann Perkins Vice Preside | OfficerTrustee | $0 | |
Michael Hobbs Secretary | OfficerTrustee | $0 | |
Andrew Jones Director | Trustee | $0 | |
Lance Mccomis Director | Trustee | $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 | $254,481 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,481 |
| Total Program Service Revenue | $0 |
| Investment income | $68,813 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,800 |
| 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 | $359,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $286,566 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,913 |
| 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 | $30,800 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $513,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $707,607 |
| Pledges and grants receivable | $2,668 |
| Accounts receivable, net | $1,933 |
| 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 | $2,792 |
| Net Land, buildings, and equipment | $583,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,910,559 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,208,587 |
| Accounts payable and accrued expenses | $73,055 |
| 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 | $275,558 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $348,613 |
| Net assets without donor restrictions | $25,341 |
| Net assets with donor restrictions | $8,834,633 |
| 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 | $9,208,587 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community & Technical College Foundation Of Ashland Inc has recieved totaling $27,231.
| Awarding Organization | Amount |
|---|---|
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $27,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Guidance Chicago, IL | $53,420,050 | $58,990,353 |
After School Matters Inc Chicago, IL | $60,145,273 | $31,888,769 |
Roadtrip Nation Ltd Indianapolis, IN | $0 | $5,778,608 |
Tennessee State Collaborative On Reforming Education Nashville, TN | $23,375,202 | $18,088,323 |
Ulh Inc Louisville, KY | $43,242,391 | $8,714,119 |
St Richards Episcopal School Inc Indianapolis, IN | $7,903,240 | $8,220,248 |
Cameron Foundation Petersburg, VA | $170,387,931 | $14,350,568 |
Green River Regional Education Cooperative Inc Bowling Green, KY | $8,161,400 | $7,463,495 |
Chicago Scholars Foundation Chicago, IL | $9,876,556 | $6,079,355 |
Ross-Ade Foundation West Lafayette, IN | $185,779,035 | $4,230,686 |
Little Buns Inc Carmel, IN | $470,846 | $4,308,621 |
Complete College America Inc Indianapolis, IN | $10,589,853 | $9,838,948 |