Lurleen B Wallace Community College

Organization Overview

Lurleen B Wallace Community College is located in Andalusia, AL. The organization was established in 1978. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Lurleen B Wallace Community College 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 12/2021, Lurleen B Wallace Community College generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.5% each year . All expenses for the organization totaled $527.9k during the year ending 12/2021. While expenses have increased by 34.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE THE STUDY AND TEACHING OF ALL SUBJECTS THAT MAY BE OFFERED AT LBW COMMUNITY COLLEGE, TO RECEIVE CONTRIBUTIONS AND FUNDS WHICH PROVIDE GIFTS OF SCHOLARSHIPS TO THE COLLEGE FOR STUDENTS WHO HAVE BEEN SELECTED BY THE COLLEGES COMMITTEE(S).

Describe the Organization's Program Activity:

Part 3 - Line 4a

AS SET FORTH IN THE MISSION OF THE FOUNDATION, ITS PURPOSES ARE - GENERALLY - TO FACILITATE THE EDUCATION OPPORTUNITIES OF STUDENTS OF LBW COMMUNITY COLLEGE, THROUGH THE PROVISION OF SCHOLARSHIP FUNDS. THIS WAS ACCOMPLISHED DURING THE REPORT YEAR THROUGH FUND-RAISING ACTIVITIES, INVESTMENT ACTIVITIES, AND THROUGH THE FUNDING OF SCHOLARSHIPS, CLASSROOM GRANTS, AND INSTITUTIONAL DEVELOPMENT FUNDS.


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Board, Officers & Key Employees

Name (title)Compensation
Jessie Self
Immediate Past President
$0
Carol Carter
Secretarytreasurer
$0
Shannon Jackson
President
$0
Michelle Gerlach
Director
$0
Chrissie Duffy
Executive Director
$0
Wanda Woods
Director
$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$223,227
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$223,227
Total Program Service Revenue$0
Investment income $478,811
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $159,481
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,350,983

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lurleen B Wallace Community College has recieved totaling $15,500.

Awarding OrganizationAmount
Mabel Amos Memorial Fund

Montgomery, AL

PURPOSE: SCHOLARSHIPS

$15,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,983,893
Ending Balance$1,983,893

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