Hopkinsville Community College Foundation Inc
- Assets
- $6.0m
- Revenue
- -$726.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Hopkinsville, KY
- Founding
- 08/1991
- Data as of
- 06/2022
- EIN
- 61-6042265
Organization Overview
Hopkinsville Community College Foundation Inc is located in Hopkinsville, KY. 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. Hopkinsville Community 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR PROGRAMS OF HIGHER EDUCATION FOR THE HOPKINSVILLE COMMMUNITY COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROTARY OF HOPKINSVILLE - THE FOUNDATION HOLDS AN ENDOWMENT FOR THE ROTARY CLUB OF HOPKINSVILLE AND FUNDS ARE USED TO PAY TUITION FOR ANY STUDENT WHO GRADUATES FROM CHRISTIAN COUNTY
TEXTBOOK SCHOLARSHIP - THE FOUNDATION HOLDS AN ENDOWMENT FROM WHICH FUNDS ARE AWARDED TO STUDENTS TO ASSIST IN PAYING FOR TEXTBOOKS
OTHER PROGRAMS TO SERVE THE MISSION OF THE FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Hancock Treasurer | OfficerTrustee | 2 | $0 |
Nancy Bullard President | Officer | 2 | $0 |
Jackie Jones Vice President | Officer | 2 | $0 |
Frank J Thomas III Director | Trustee | 2 | $0 |
Hon Jim Adams Director | Trustee | 2 | $0 |
Sharon Butts Director | Trustee | 2 | $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 | $33,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,716 |
| Total Program Service Revenue | $0 |
| Investment income | $301 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$781,236 |
| Net Income from Fundraising Events | $20,725 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$726,494 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $16,823 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,721 |
| Fees for services: Other | $173 |
| Advertising and promotion | $0 |
| Office expenses | $13,750 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $2,297 |
| All other expenses | $4,782 |
| Total functional expenses | $230,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $443,478 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $143,519 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,462,924 |
| Total assets | $6,049,921 |
| Accounts payable and accrued expenses | $6,416 |
| 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 | $0 |
| Total liabilities | $6,416 |
| Net assets without donor restrictions | $759,787 |
| Net assets with donor restrictions | $5,283,718 |
| 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 | $6,049,921 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hopkinsville Community College Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Ashbritt Foundation Inc Deerfield Beach, FL PURPOSE: CHARITABLE | $15,000 |
Endowment Analysis
| Beg. Balance | $6,491,235 |
| Earnings | -$781,236 |
| Admin Expense | $6,124 |
| Grants | $240,951 |
| Ending Balance | $5,462,924 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
University Health Services Inc Richmond, VA | $34,736,696 | $16,366,834 |
Medical College Of Virginia Foundation Richmond, VA | $645,911,510 | $54,318,573 |
University Of Memphis Foundation Memphis, TN | $175,396,802 | $38,710,840 |
Virginia Commonwealth University College Of Engineering Foundation Richmond, VA | $131,974,636 | $12,076,889 |