Wallace Community College Selma Foundation
- Assets
- $435.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Selma, AL
- Founding
- 04/1986
- Data as of
- 09/2022
- EIN
- 63-0920650
Organization Overview
Wallace Community College Selma Foundation is located in Selma, AL. The organization was established in 1986. 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. Wallace Community College Selma Foundation 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 09/2022, Wallace Community College Selma Foundation generated $49.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $39.0k during the year ending 09/2022. While expenses have increased by 2.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED FINANCIAL ASSISTANCE TO WALLACE COMMUNITY COLLEGE SELMA THROUGH ACADEMIC SCHOLARHIPS, AND SUPPORT VARIOUS COLLEGE PRGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Mceachern Co Chair | 1 | $0 | |
Randall Miller Director | 1 | $0 | |
Darrell Steward Co Chair | 1 | $0 | |
Forrest Hatfield Director | 1 | $0 | |
Caseby Jones Director | 1 | $0 | |
Ralph Hobbs Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,896 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $757 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,348 |
| Other Revenue | $0 |
| Total Revenue | $49,305 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,455 |
| Total expenses | $38,955 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $435,438 |
| Other assets | $0 |
| Total assets | $435,438 |
| Total liabilities | $0 |
| Net assets or fund balances | $435,438 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wallace Community College Selma Foundation has recieved totaling $300.
| Awarding Organization | Amount |
|---|---|
Maynard Cooper & Gale Charitable Foundation Birmingham, AL PURPOSE: SPONSOR WINE DOWN WITH WCCS | $300 |
Endowment Analysis
| Beg. Balance | $367,310 |
| Earnings | $3,757 |
| Net Contributions | $53,345 |
| Grants | $13,238 |
| Ending Balance | $411,174 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jacksonville State University Foundation Jacksonville, AL | $99,989,549 | $15,547,897 |
Florida Medical Practice Plan Inc Tallahassee, FL | $6,356,277 | $9,443,720 |
Alabama High School Athletic Association Montgomery, AL | $12,167,526 | $9,029,142 |
River City Education Organization Inc Jacksonville, FL | $21,815,598 | $7,864,021 |
Georgia Gwinnett College Foundationinc Lawrenceville, GA | $177,329,540 | $11,526,847 |
Augusta University Foundation Inc Augusta, GA | $77,382,154 | $9,045,973 |
Hudsonalpha Foundation Huntsville, AL | $65,481,044 | $7,640,212 |
University Of North Florida Financing Corporation Jacksonville, FL | $185,430,007 | $11,542,145 |
Auxiliary Services Foundation Memphis, TN | $24,476,321 | $9,276,607 |
Georgia College & State University Foundation Inc Milledgeville, GA | $66,057,685 | $10,177,448 |
Highlands Day School Foundation Birmingham, AL | $18,906,069 | $7,689,613 |
Georgia Southern University Foundation Inc Statesboro, GA | $119,816,237 | $13,421,593 |