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Nonprofiteer
← GERMANNA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2022

Filed by GERMANNA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$4,528,368
Total expenses
$3,365,969
Contributions and grants received
$3,997,647
Grants paid
$2,905,060
Program service revenue
$0
Investment income
$440,789
Other revenue
$89,932
Total assets, end of year
$12,141,929
Total liabilities, end of year
$55,299
Net assets or fund balances, end of year
$12,086,630
Program services expenses (Part IX)
$2,925,851
Management and general expenses
$312,142
Fundraising expenses
$127,976
Program service expenses (Part III)
$2,925,851

Program services were 86.9% 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.

  • 1c · Fundraising events

    $130,472

  • 1f · All other contributions, gifts and grants

    $3,867,175

  • 3 · Investment income

    total $234,089 · excluded $234,089

  • 7a · Gross sales of assets other than inventory

    securities $5,328,866

  • 7b · Less cost or other basis and sales expenses

    securities $5,119,931 · other assets $2,235

  • 7c · Gain or loss

    securities $208,935 · other assets -$2,235

  • 7d · Net gain or loss

    total $206,700 · excluded $206,700

  • 8a · Fundraising events: gross income

    $37,050

  • 8a · Fundraising events: contributions included on line 1c

    $130,472

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $37,050 · excluded $37,050

  • 11a · Other revenue: OTHER INCOME

    total $52,882 · related or exempt $52,882

  • 11e · Other revenue, total

    $52,882

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,835,438 · program services $1,835,438

  • 2 · Grants to domestic individuals

    total $1,069,622 · program services $1,069,622

  • 11b · Fees: legal

    total $475 · management and general $475

  • 11c · Fees: accounting

    total $19,000 · management and general $19,000

  • 11f · Fees: investment management

    total $142,836 · management and general $142,836

  • 11g · Fees: other

    total $62,611 · management and general $1,011 · fundraising $61,600

  • 12 · Advertising and promotion

    total $28,105 · program services $2,341 · management and general $11,007 · fundraising $14,757

  • 13 · Office expenses

    total $10,657 · management and general $8,369 · fundraising $2,288

  • 14 · Information technology

    total $37,056 · management and general $37,056

  • 16 · Occupancy

    total $58,503 · management and general $52,424 · fundraising $6,079

  • 23 · Insurance

    total $11,546 · management and general $11,546

  • 24a · Other expenses: FOOD, BEVERAGES, AND EN

    total $42,242 · program services $12,473 · management and general $2,129 · fundraising $27,640

  • 24b · Other expenses: OTHER EXPENSES

    total $15,523 · program services $3,377 · management and general $11,758 · fundraising $388

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $14,932 · program services $2,600 · management and general $10,566 · fundraising $1,766

  • 24d · Other expenses: PRINTING

    total $13,458 · fundraising $13,458

  • 24e · All other expenses

    total $3,965 · management and general $3,965

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $701,788 · end of year $673,554

  • 3 · Pledges and grants receivable

    beginning of year $150,000 · end of year $850,000

  • 4 · Accounts receivable

    beginning of year $28,287 · end of year $3,850

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,500 · end of year $4,500

  • 10a · Land, buildings and equipment: cost or other basis

    $5,440

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,440

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $12,114,530 · end of year $9,453,547

  • 15 · Other assets

    beginning of year $224,207 · end of year $1,156,478

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,299 · end of year $23,712

  • 25 · Other liabilities

    beginning of year $0 · end of year $31,587

  • 27 · Net assets without donor restrictions

    beginning of year $1,918,583 · end of year $1,332,778

  • 28 · Net assets with donor restrictions

    beginning of year $11,208,430 · end of year $10,753,852

Mission and programs · 2022

Mission

THE GERMANNA COMMUNITY COLLEGE EDUCATION FOUNDATION, INC. WAS ESTABLISHED TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND WELL-BEING OF THE COLLEGE AND ITS STUDENTS OUR PURPOSE IS TO RAISE FUNDS TO SUPPORT THE MISSION OF THE COLLEGE A CONTINUING PRIORITY IS TO ENSURE THAT ALL STUDENTS, INCLUDING THOSE WITH FINANCIAL NEED HAVE AN OPPORTUNITY TO RECEIVE AN EDUCATION.

  • STUDENT SCHOLARSHIP AWARDED BASED ON NEED AND MERIT.

    Expenses $2,925,851 · Grants $2,758,201

  • CONTRIBUTIONS TO AND FOR VARIOUS PROGRAMS OF GERMANNA COMMUNITY COLLEGE FOR THE ADVANCEMENT OF ITS MISSION.

    Grants $146,859 · Revenue $52,882

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TODD GILLINGHAM

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • WENDELL ANDERSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DR JANET GULLICKSON

    SECRETARY

    Total calculated
    $235,391
    From this org
    $0
    From related orgs
    $235,391
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,391 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $235,391 related

  • DARLA K BURTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EDWARD C DALRYMPLE JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH R DANIEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KENNY L DOTSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RHONDA CARY-FRIED

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAMELA S GLASCOCK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOEL GRIFFIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARQUE LEDUEX

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PETER RICE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DONNA STATON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JACK ROWLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EDWIN WATSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DONNA WAUGH-ROBINSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRIAN WHETZEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EILEEN L DOHMANN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BROOKE MILLER

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • TERI MCNALLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANGEL PIONTEK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MANYA RAYNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CLARENCE ROBINSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WENONAH PETERSEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FAFA BAKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHIRLEY EYE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SAM KESSLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRUCE DAVIS

    SPECIAL ASSISTANT TO THE P

    Total calculated
    $124,434
    From this org
    $0
    From related orgs
    $124,434
    Other
    $0
    Hours/week
    14 + 26 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 5
CFO

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2023
IRS schema version
2022v5.0
Source object
202311239349300806

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