Paducah Junior College Corp
- Assets
- $43.7m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Paducah, KY
- Founding
- 10/1945
- Data as of
- 06/2022
- EIN
- 61-6001156
Organization Overview
Paducah Junior College Corp is located in Paducah, KY. The organization was established in 1945. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Paducah Junior College Corp 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, Paducah Junior College Corp generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $4.3m during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 7 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
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE EDUCATIONAL PROPERTIES AND PROVIDE ADDITIONAL EDUCATIONAL OPPORTUNITIES BEYOND THOSE PROVIDED BY THE KENTUCKY COMMUNITY AND TECHNICAL COLLEGE SYSTEM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Emmons Executive Director | Trustee | 1 | $87,550 |
Lorraine Schramke Secretary | OfficerTrustee | 1 | $0 |
Chris Black Chairman | OfficerTrustee | 1 | $0 |
Guthrie Allen At-Large | OfficerTrustee | 1 | $0 |
Susan Ybarzabal Treasurer | OfficerTrustee | 1 | $0 |
Teresa Spann Vice Chair | OfficerTrustee | 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 | $1,685,644 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,685,644 |
| Total Program Service Revenue | $456,099 |
| Investment income | $909,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $710,862 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,781,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,175,414 |
| 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 | $381,235 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,884 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $298 |
| Fees for services: Accounting | $16,425 |
| 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 | $80,000 |
| Travel | $11,939 |
| 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 | $514,366 |
| Insurance | $21,945 |
| All other expenses | $0 |
| Total functional expenses | $4,324,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $1,165,383 |
| Pledges and grants receivable | $382,130 |
| Accounts receivable, net | $17,710 |
| 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 | $8,716,143 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $32,668,005 |
| Intangible assets | $0 |
| Other assets | $757,000 |
| Total assets | $43,706,372 |
| Accounts payable and accrued expenses | $147,158 |
| Grants payable | $0 |
| Deferred revenue | $1,147,982 |
| 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 | $15,331 |
| Total liabilities | $1,310,471 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $17,546,209 |
| Paid-in or capital surplus, or land, building, or equipment fund | $8,716,143 |
| Retained earnings, endowment, accumulated income, or other funds | $16,133,549 |
| Total liabilities and net assets/fund balances | $43,706,372 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Paducah Junior College Corp has recieved totaling $42,637.
| Awarding Organization | Amount |
|---|---|
Beiderwell Foundation Milwaukee, WI PURPOSE: GENERAL OPERATING | $42,122 |
Edward D Jones & Company Foundation St Louis, MO PURPOSE: EDUCATION | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Endowment Analysis
| Beg. Balance | $17,969,896 |
| Earnings | -$2,470,456 |
| Admin Expense | $49,567 |
| Net Contributions | $1,617,180 |
| Other Expense | $35,000 |
| Grants | $898,504 |
| Ending Balance | $16,133,549 |
Peer Organizations
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|---|---|---|
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Accelerate Great Schools Cincinnati, OH | $48,959,993 | $4,700,984 |
Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Read Foundation Memphis, TN | $15,946,000 | $13,611,845 |
Strategic Capacity Group Inc Mclean, VA | $1,824,045 | $10,738,430 |