Bacone College Development Corporation

Organization Overview

Bacone College Development Corporation is located in Muskogee, OK. The organization was established in 1987. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, 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. Bacone College Development Corporation 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 07/2021, Bacone College Development Corporation generated $540.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (66.2%) each year.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE AND MAINTAIN A FUND OR FUNDS EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND/OR EDUCATIONAL PURPOSES BY THE APPLICATION THEREOF FOR THE BENEFIT OF BACONE COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ENTITY HOLDS TITLE TO PROPERTY WITH ALL INCOME GOING TO BACONE COLLEGE FOR ITS EXEMPT PURPOSES.


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Board, Officers & Key Employees

Name (title)Compensation
Quinton Roman Nose
Chair
$0
Joseph Garcia
Treasurer
$0
W Richard West Jr
Vice Chair
$0
Lahoma Schultz
Secretary
$0
Leroy Thompson
VP Of Academic Affairs
$0
Ferlin Clark
President
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $540
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $540

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Bacone College Development Corporation has recieved totaling $40,000.

Awarding OrganizationAmount
Greater Kansas City Community Foundation

Kansas City, MO

PURPOSE: Education

$40,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,818,641
Ending Balance$5,818,641

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