Form 990 for tax year 2022
Filed by HAGERSTOWN COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $1,992,131
- Total expenses
- $1,252,400
- Contributions and grants received
- $1,248,901
- Grants paid
- $1,032,999
- Program service revenue
- $0
- Investment income
- $651,929
- Other revenue
- $91,301
- Total assets, end of year
- $23,794,295
- Total liabilities, end of year
- $111,127
- Net assets or fund balances, end of year
- $23,683,168
- Program services expenses (Part IX)
- $1,041,760
- Management and general expenses
- $197,152
- Fundraising expenses
- $13,488
- Program service expenses (Part III)
- $1,041,760
Program services were 83.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$14,790
-
1c · Fundraising events
$9,455
-
1f · All other contributions, gifts and grants
$1,224,656
-
1g · Noncash contributions included above
$44,650
-
3 · Investment income
total $300,401 · excluded $300,401
-
7a · Gross sales of assets other than inventory
securities $768,211
-
7b · Less cost or other basis and sales expenses
securities $416,683
-
7c · Gain or loss
securities $351,528
-
7d · Net gain or loss
total $351,528 · excluded $351,528
-
8a · Fundraising events: gross income
$138,775
-
8a · Fundraising events: contributions included on line 1c
$9,455
-
8b · Fundraising events: direct expenses
$51,821
-
8c · Net income from fundraising events
total $86,954 · excluded $86,954
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $4,347 · excluded $4,347
-
11e · Other revenue, total
$4,347
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $199,111 · program services $199,111
-
2 · Grants to domestic individuals
total $833,888 · program services $833,888
-
11b · Fees: legal
total $300 · management and general $33 · fundraising $267
-
11c · Fees: accounting
total $6,890 · management and general $6,890
-
11f · Fees: investment management
total $182,081 · management and general $182,081
-
12 · Advertising and promotion
total $3,720 · management and general $1,263 · fundraising $2,457
-
13 · Office expenses
total $2,243 · management and general $249 · fundraising $1,994
-
23 · Insurance
total $4,347 · management and general $4,347
-
24a · Other expenses: HOSPITALITY
total $9,605 · management and general $835 · fundraising $8,770
-
24b · Other expenses: ARBORETUM
total $8,761 · program services $8,761
-
24e · All other expenses
total $1,454 · management and general $1,454
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $287,811 · end of year $180,979
-
3 · Pledges and grants receivable
beginning of year $3,793,243 · end of year $2,950,363
-
9 · Prepaid expenses and deferred charges
beginning of year $2,212 · end of year $7,136
-
12 · Investments: other securities
beginning of year $18,482,503 · end of year $20,655,817
-
17 · Accounts payable and accrued expenses
beginning of year $17,970 · end of year $5,150
-
18 · Grants payable
beginning of year $72,312 · end of year $43,880
-
25 · Other liabilities
beginning of year $35,601 · end of year $62,097
-
27 · Net assets without donor restrictions
beginning of year $8,565,548 · end of year $5,147,570
-
28 · Net assets with donor restrictions
beginning of year $13,874,338 · end of year $18,535,598
Mission and programs · 2022
Mission
TO ASSIST HAGERSTOWN COMMUNITY COLLEGE IN IT'S MISSION OF BEING A COMPREHENSIVE OPEN DOOR EDUCATIONAL INSTITUTION BY PROVIDING A MEANS FOR INDIVIDUALS AND BUSINESSES TO INVEST IN THE FUTURE OF OUR CITIZENS.
Activities or mission (Part I)
THE ASSOCIATION'S ACTIVITIES AND PROJECTS SUPPORT HAGERSTOWN COMMUNITY COLLEGE AND ITS STUDENTS
-
DURING FY23, THE FOUNDATION PROVIDED SCHOLARSHIPS TO 876 ELIGIBLE INDIVIDUALS ATTENDING HAGERSTOWN COMMUNITY COLLEGE. THE FOUNDATION ALSO PROVIDED SUPPORT FOR THE NEEDS OF THE COLLEGE.
Expenses $1,041,760 · Grants $1,032,999
As filed on the 2022 return.
Listed in Part VII
-
David AbelesDAVID ABELES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Melinda WordenMELINDA WORDEN
SECRETARY, BOARD DEVELOPME
- Total calculated
- $0
- Hours/week
- 1
-
Mary HeizerMARY HEIZER
TREASURER, USMF LIAISON
- Total calculated
- $0
- Hours/week
- 1
-
Julie DonatJULIE DONAT
VP, RESOURCE DVLPT CMTE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
William Fritts IIWILLIAM FRITTS II
PAST-PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Brenda HassingerBRENDA HASSINGER
ALUMNI REP, SCHOLARSHIP CMTE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael GehrMICHAEL GEHR
BOOSTER REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 0.5
-
James PierneJAMES PIERNE
FACULTY REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 0.5
-
Brenton RohrerBRENTON ROHRER
SIODA REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 0.5
-
Paula LamptonPAULA LAMPTON
TRUSTEE LIAISON
- Total calculated
- $0
- Hours/week
- 0.5
-
John WilliamsonJOHN WILLIAMSON
TRUSTEE LIAISON
- Total calculated
- $0
- Hours/week
- 0.5
-
Jonny BarrJONNY BARR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jodi BlairJODI BLAIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Lieba CohenLIEBA COHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul Crampton IIIPAUL CRAMPTON III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Taylor DavisTAYLOR DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Linda EbersoleLINDA EBERSOLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ellen GerckeELLEN GERCKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Laura HerreraLAURA HERRERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Judith KofoetJUDITH KOFOET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John Latimer IVJOHN LATIMER IV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Alan LevinALAN LEVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Virginia LindsayVIRGINIA LINDSAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Carrol LourieCARROL LOURIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John MillerJOHN MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
George Newman IIIGEORGE NEWMAN III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
David RisserDAVID RISSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joan SchuppJOAN SCHUPP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dustin WatsonDUSTIN WATSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Ashley WhaleyDR ASHLEY WHALEY
SR DIR, COLLEGE ADVANCEMEN
- Total calculated
- $105,437
- From this org
- $0
- From related orgs
- $89,285
- Other
- $16,152
- Hours/week
- 37.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
HAGERSTOWN COMMUNITY COLLEGE
$199,111
CAPITAL CAMPAIGN AND OTHER ASSISTANCE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441359349311964
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