Bluegrass Community & Technical College Foundation Inc
- Assets
- $1.8m
- Revenue
- $865.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 08/2007
- Data as of
- 06/2022
- EIN
- 76-0826082
Organization Overview
Bluegrass Community & Technical College Foundation Inc is located in Lexington, KY. The organization was established in 2007. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Bluegrass Community & Technical 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.
For the year ending 06/2022, Bluegrass Community & Technical College Foundation Inc generated $865.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $222.9k during the year ending 06/2022. 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
TO SUPPORT THE MISSION OF THE BLUEGRASS COMMUNITY AND TECHNICAL COLLEGE BY STIMULATING VOLUNTARY FINANCIAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LATINX FUND PROVIDES SUPPORT TO BCTC'S NATIONALLY RECOGNIZED LATINX AND IMMIGRANT SERVICES OFFICE TO PROVIDE SUMMER PROGRAMMING AND STUDENT SUPPORT FOR THE LAITNX LEADERSHIP AND COLLEGE EXPERIENCE CAMP. THE LLCEC PROVIDES AN IMMERSIVE COLLEGE EXPERIENCE PROGRAM THAT FOCUSES ON COLLEGE AND CAREER PLANNING, LEADERSHIP DEVELOPMENT, PROBLEM SOLVING, AND ARTS AND STEM EDUCATION THAT FOCUSES ON SOCIAL ISSUES IMPORTANT TO THE STUDENTS SERVED. THE LLCEC ALSO PROVIDE PARTICIPANTS WITH ONLINE WORKSHOPS AND MENTORING, SCHOLARSHIP PLANNING AND SUPPORT, AND REFERRALS TO LOCAL LEADERSHIP OPPORTUNITIES.
VARIOUS PROGRAMS OPERATED TO SUPPORT THE EXEMPT MISSION OF BLUEGRASS COMMUNITY AND TECHNICAL COLLEGE.
THE OPERATION READ PROGRAM ALLOWS VOLUNTEERS TO TEACH INDIVIDUALS HOW TO SPEAK, READ, AND WRITE FLUENT ENGLISH. FUNDS PROVIDE VOLUNTEER SUPPORT IN THE FORM OF TRAINING AND MATERIALS TO USE WITH STUDENTS. CURRENT PARTICIPANTS ARE FROM ALL OVER THE WORLD AND MANY ARE REFUGEES FROM DEMOCRATIC REPUBLIC OF CONGO, BHUTAN, OR IRAQ.
THE INFORMATICS PROGRAM WAS CREATED IN RESPONSE TO THE EXPANDING NEED FOR COMPUTER SCIENTISTS IN CENTRAL KENTUCKY AND THE LIMITED AVAILABILITY OF HIGHLY SKILLED WORKERS. BCTC FORMALIZED RELATIONSHIPS WITH SEVERAL AREA HIGH SCHOOLS, WITH DIVERSE STUDENT POPULATION, TO TRAIN STUDENTS, ASSIST WITH THEIR INTERACTION WITH BCTC, AND PARTICIPATE IN EXPERIENTIAL EDUCATIONAL OPPORTUNITIES WITH ACADEMIC AND COMMUNITY BUSINESS LEADERS IN THE FIELD OF COMPUTER AND INFORMATION TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Harvey Chairwoman | OfficerTrustee | 1 | $0 |
Suniti Mujumdar Director | Trustee | 1 | $0 |
Ron L Walker Jr Director | Trustee | 1 | $0 |
Richard Webb Vice Chairman | OfficerTrustee | 1 | $0 |
Katy Neyhouse Director | Trustee | 1 | $0 |
Dr Koffi Akakpo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $839,322 |
| Investment income | $5,471 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,678 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $865,234 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $89,779 |
| 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 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 | $9,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,954 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,066 |
| Office expenses | $1,116 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,755 |
| Travel | $3,656 |
| 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 | $2,400 |
| All other expenses | $0 |
| Total functional expenses | $222,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $675,688 |
| Pledges and grants receivable | $1,702 |
| Accounts receivable, net | $7,624 |
| 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 | $32,739 |
| Investments—publicly traded securities | $1,058,308 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,776,061 |
| Accounts payable and accrued expenses | $64,515 |
| 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 | $64,515 |
| Net assets without donor restrictions | $73,571 |
| Net assets with donor restrictions | $1,637,975 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,711,546 |
Grants Awarded
Over the last fiscal year, Bluegrass Community & Technical College Foundation Inc has awarded $359,541 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BLUEGRASS COMMUNITY AND TECHNICAL COLLEGE PURPOSE: TO PROVIDE CONTINUED SUPPORT FOR A VARIETY OF SPECIAL PROGRAMS AND INITIATIVES AT BLUEGRASS COMMUNITY AND TECHNICAL COLLEGE. | $15,548 |
BLUEGRASS COMMUNITY AND TECHNICAL COLLEGE PURPOSE: TO PROVIDE CONTINUED SUPPORT FOR A VARIETY OF SPECIAL PROGRAMS AND INITIATIVES AT BLUEGRASS COMMUNITY AND TECHNICAL COLLEGE. | $343,993 |