Davis Technical College Foundation Inc
- Assets
- $2.0m
- Revenue
- $1.1m
- Investments
- $836.4k
- Employees
- 0
- Location
- Kaysville, UT
- Founding
- 05/1999
- Data as of
- 06/2022
- EIN
- 87-0623859
Organization Overview
Davis Technical College Foundation Inc is located in Kaysville, UT. The organization was established in 1999. 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. Davis 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, Davis Technical College Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $732.4k during the year ending 06/2022. While expenses have increased by 7.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATIONS MISSION IS TO PROVIDE ESSENTIAL SUPPORT TO DAVIS TECHNICAL COLLEGE, EMPOWERING ALL INDIVIDUALS TO CHANGE THEIR LIVES THROUGH ACCESSIBLE TECHNICAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED SCHOLARSHIPS, EQUIPMENT, AND FINANCIAL SUPPORT TO STUDENTS OF THE DAVIS TECHNICAL COLLEGE AS WELL AS DIRECTLY TO THE COLLEGE ITSELF FOR THE BENEFIT OF ALL STUDENTS. STUDENTS BENEFITED FROM REDUCED TUITION COSTS AND THE COMMUNITY WAS STRENGTHENED BY A MORE EDUCATED WORKFORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Watkins Chair | OfficerTrustee | 1 | $0 |
Clark Moss Treasurer | OfficerTrustee | 1 | $0 |
Barbara Smith Past Chair | OfficerTrustee | 1 | $0 |
Marie Martinez Member | OfficerTrustee | 1 | $0 |
Adam Toone Board Liaison | Trustee | 1 | $0 |
Rhonda Greenwood Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $56,055 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $949,976 |
| Noncash contributions included in lines 1a–1f | $362,443 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,006,031 |
| Total Program Service Revenue | $0 |
| Investment income | $4,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $70,013 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,928 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,077,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $401,536 |
| Grants and other assistance to domestic individuals. | $287,248 |
| 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 | $24,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,100 |
| Office expenses | $3,632 |
| 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 | $2,126 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $732,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $1,197,367 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,800 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $836,416 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,037,083 |
| Accounts payable and accrued expenses | $26,394 |
| 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 | $26,394 |
| Net assets without donor restrictions | $428,386 |
| Net assets with donor restrictions | $1,582,303 |
| 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 | $2,037,083 |
Grants Awarded
Over the last fiscal year, Davis Technical College Foundation Inc has awarded $401,536 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DAVIS TECHNICAL COLLEGE PURPOSE: Education Materials | $327,113 |
DAVIS TECHNICAL COLLEGE-OTHER PURPOSE: Education and Materials | $74,423 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Davis Technical College Foundation Inc has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
C Scott And Dorothy E Watkins Charitable Foundation West Jordan, UT PURPOSE: CHARITABLE USE | $12,000 |
Endowment Analysis
| Beg. Balance | $195,519 |
| Earnings | $2,945 |
| Ending Balance | $198,464 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
Colorado School Of Mines Foundation Golden, CO | $425,843,908 | $49,131,943 |
American Indian College Fund Denver, CO | $151,570,496 | $57,441,920 |
University Of Nevada Las Vegas Foundation Las Vegas, NV | $436,194,901 | $57,839,511 |
Lincoln Institute Of Land Policy Phoenix, AZ | $774,885,329 | $64,138,879 |
Asu Enterprise Partners Tempe, AZ | $381,094,670 | $23,987,399 |
Boise State University Foundation Inc Boise, ID | $181,429,408 | $23,699,772 |
University Of Idaho Foundation Inc Moscow, ID | $461,396,601 | $57,102,014 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |