Form 990 for tax year 2022
Filed by LANIER TECHNICAL COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $314,724
- Total expenses
- $207,988
- Contributions and grants received
- $255,686
- Grants paid
- $190,867
- Program service revenue
- $0
- Investment income
- $50,833
- Other revenue
- $8,205
- Total assets, end of year
- $4,999,325
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $4,999,325
- Program services expenses (Part IX)
- $191,845
- Management and general expenses
- $16,143
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $191,845
Program services were 92.2% 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.
-
1f · All other contributions, gifts and grants
$255,686
-
1g · Noncash contributions included above
$33,704
-
3 · Investment income
total $20,940 · excluded $20,940
-
7a · Gross sales of assets other than inventory
securities $189,893
-
7b · Less cost or other basis and sales expenses
securities $160,000
-
7c · Gain or loss
securities $29,893
-
7d · Net gain or loss
total $29,893 · related or exempt $29,893
-
8a · Fundraising events: gross income
$8,205
-
8c · Net income from fundraising events
total $8,205
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $45,376 · program services $45,376
-
2 · Grants to domestic individuals
total $145,491 · program services $145,491
-
11c · Fees: accounting
total $5,600 · management and general $5,600
-
13 · Office expenses
total $3,861 · management and general $3,861
-
19 · Conferences, conventions and meetings
total $101 · management and general $101
-
24a · Other expenses: TAX AND LICENSE
total $3,156 · management and general $3,156
-
24b · Other expenses: SUPPLIES
total $1,780 · management and general $1,780
-
24c · Other expenses: BANK AND CREDIT CARD FEES
total $1,645 · management and general $1,645
-
24d · Other expenses: FACULTY AND STAFF ENCHANC
total $978 · program services $978
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,415,334 · end of year $2,728,261
-
2 · Savings and temporary cash investments
beginning of year $2,037,547 · end of year $2,098,375
-
3 · Pledges and grants receivable
beginning of year $272,764 · end of year $170,084
-
4 · Accounts receivable
beginning of year $1,528 · end of year $1,528
-
9 · Prepaid expenses and deferred charges
beginning of year $1,077 · end of year $1,077
-
15 · Other assets
beginning of year $158
-
27 · Net assets without donor restrictions
beginning of year $541,962 · end of year $667,956
-
28 · Net assets with donor restrictions
beginning of year $4,186,446 · end of year $4,331,369
Mission and programs · 2022
Mission
TO SUPPORT LANIER TECHNICAL COLLEGE BY ENHANCING ITS IMAGE AND EXPANDING AWARENESS AND OPPORTUNITIES OF THE COLLEGE AS A WORKFORCE DEVELOPMENT RESOURCE
-
ADULT LITERACY - TO SOLICIT FUNDING IN SUPPORT OF AN ADULT EDUCATION PROGRAM THAT PROVIDES INSTRUCTION FOR STUDENTS TO ATTAIN A GED CREDENTIAL, PURSUE A POST-SECONDARY EDUCATION, SUCCESSFULLY ENTER THE WORKFORCE AND/OR IMPROVE THEIR ENGLISH LANGUAGE SKILLS.
-
INSTITUTIONAL ADVANCEMENT - TO SOLICIT FUNDING IN SUPPORT OF THE COLLEGE'S STRATEGIC PLANS FOR FUTURE GROWTH BY UPGRADING OR EXPANDING PRESENT PHYSICAL FACILITIES TO BE THE PREMIER WORKFORCE DEVELOPMENT AND TRAINING INSTITUTION IN NORTHEAST GEORGIA.
Expenses $179,195 · Grants $179,195
-
INSTRUCTIONAL PROGRAMS - TO SOLICIT FUNDING AND IN-KIND DONATIONS THAT SUPPORT AND IMPROVE INSTRUCTIONAL TRAINING PROGRAMS, WHICH ALIGN WITH COMMUNITY WORKFORCE NEEDS, AND TO PROCURE INSTRUCTIONAL EQUIPMENT FOR TECHNICAL TRAINING.
Expenses $11,672
-
SCHOLARSHIPS - TO SOLICIT FUNDING IN SUPPORT OF SCHOLARSHIP OPPORTUNITIES THAT PROVIDE FINANCIAL ASSISTANCE TO STUDENTS SEEKING A POST-SECONDARY CREDENTIAL IN TECHNICAL TRAINING PROGRAMS WITH TUITION, BOOKS AND/OR FEES.
Expenses $978
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brett BertoBRETT BERTO
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Chuck CarterCHUCK CARTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brad DayBRAD DAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Blake HouseBLAKE HOUSE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas JenningsTHOMAS JENNINGS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Joe LeonardoJOE LEONARDO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tommy SandersTOMMY SANDERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lauren Armour TalleyLAUREN ARMOUR TALLEY
EXECUTIVE DI
- Total calculated
- $0
- Hours/week
- 40
-
Kevin TannerKEVIN TANNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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
-
$11,672
EDUCATIONAL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420259349301262
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