Collin County Community College District Foundation
- Assets
- $19.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Mckinney, TX
- Founding
- 10/1988
- Data as of
- 08/2022
- EIN
- 75-2235755
Organization Overview
Collin County Community College District Foundation, operating under the name Collin College Foundation, is located in Mckinney, TX. The organization was established in 1988. According to its NTEE Classification (B41) the organization is classified as: Two-Year 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. Collin College 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 08/2022, Collin College Foundation generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $1.9m during the year ending 08/2022. While expenses have increased by 16.0% 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
IT IS THE MISSION OF THE COLLIN COLLEGE FOUNDATION TO SUPPORT AND ENHANCE THE CCCCD THROUGH PHILANTHROPIC SUPPORT FOR STUDENT SCHOLARSHIPS, FACULTY ENRICHMENT, CRITICAL NEEDS, AND PROGRAMS OF EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MADE 904 AWARDS FOR SCHOLARSHIPS TO ASSIST STUDENTS WITH THE PAYMENT OF COLLEGE TUITION, FEES, AND BOOKS.
THE FOUNDATION HAD PROGRAM ENHANCEMENTS PLUS TWO SCHOLARSHIP RECEPTIONS AND SPECIAL EVENTS IN FURTHERANCE OF THE COLLEGE MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Smith Past Chair | OfficerTrustee | 1 | $0 |
Tammy F Mcswain Director | OfficerTrustee | 1 | $0 |
Craig Overstreet Audit Chair | OfficerTrustee | 1 | $0 |
Matthew D Ford Treasurer & | OfficerTrustee | 1 | $0 |
David L Downs Chair | Trustee | 1 | $0 |
Rudolph G Andrea Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,909,524 |
| Noncash contributions included in lines 1a–1f | $579,055 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,913,024 |
| Total Program Service Revenue | $0 |
| Investment income | $411,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$134,086 |
| Net Income from Fundraising Events | $155,986 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,346,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $129,087 |
| Grants and other assistance to domestic individuals. | $1,107,723 |
| 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 | $28,302 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $91,254 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $2,058 |
| All other expenses | $5,693 |
| Total functional expenses | $1,946,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,574,807 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,162,994 |
| Accounts receivable, net | $62,705 |
| 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 | $85,944 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,690,174 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,576,624 |
| Accounts payable and accrued expenses | $18,820 |
| 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 | $18,820 |
| Net assets without donor restrictions | $1,236,673 |
| Net assets with donor restrictions | $18,321,131 |
| 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 | $19,576,624 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Collin County Community College District Foundation has recieved totaling $355,589.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $107,500 |
State Farm Companies Foundation Bloomington, IL PURPOSE: EDUCATION AWARD | $105,000 |
State Farm Companies Foundation Bloomington, IL PURPOSE: EDUCATION AWARD | $105,000 |
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $15,000 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 03/09/21 | $10,000 |
Texas Health Presbyterian Hospital Allen Allen, TX PURPOSE: SPONSORSHIP | $7,500 |
Endowment Analysis
| Beg. Balance | $17,018,044 |
| Earnings | -$2,295,436 |
| Net Contributions | $1,186,230 |
| Grants | -$392,233 |
| Ending Balance | $15,516,605 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bacone Baptist Church Muskogee, OK | $8,262,001 | $7,873,102 |
Tulsa Community College Foundation Tulsa, OK | $22,351,433 | $4,013,088 |
Shorter College North Little Rock, AR | $8,338,765 | $8,311,177 |
Dallas County Community College District Foundation Inc Dallas, TX | $68,087,017 | $10,311,935 |
Jacksonville College Jacksonville, TX | $5,355,399 | $5,417,972 |
Crowleys Ridge College Paragould, AR | $5,358,943 | $3,865,992 |
North Harris Montgomery Community College District Foundation The Woodlands, TX | $39,494,296 | $6,076,044 |
Southwestern Christian College Terrell, TX | $4,746,786 | $3,502,099 |
Northwest Arkansas Community College Foundation Inc Bentonville, AR | $44,091,991 | $5,872,868 |
Collin County Community College District Foundation Mckinney, TX | $19,576,624 | $3,346,139 |
Arkansas Community Colleges Foundation Little Rock, AR | $1,653,213 | $1,652,722 |
Seminole State College Educational Foundation Inc Seminole, OK | $13,840,348 | $1,498,225 |