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Nonprofiteer
← SHELTON STATE COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by SHELTON STATE COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$766,203
Total expenses
$811,965
Contributions and grants received
$244,668
Grants paid
$406,362
Program service revenue
$0
Investment income
$196,928
Other revenue
$324,607
Total assets, end of year
$3,903,960
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,903,960
Program services expenses (Part IX)
$406,362
Management and general expenses
$55,117
Fundraising expenses
$350,486
Program service expenses (Part III)
$406,362

Program services were 50.0% 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

    $244,668

  • 1g · Noncash contributions included above

    $18,400

  • 3 · Investment income

    total $139,964 · excluded $139,964

  • 5 · Royalties

    total $5,798 · excluded $5,798

  • 7a · Gross sales of assets other than inventory

    securities $300,064

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

    securities $243,100

  • 7c · Gain or loss

    securities $56,964

  • 7d · Net gain or loss

    total $56,964 · related or exempt -$2,076 · excluded $59,040

  • 8a · Fundraising events: gross income

    $318,809

  • 8c · Net income from fundraising events

    total $318,809

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $406,362 · program services $406,362

  • 11b · Fees: legal

    total $15,500 · management and general $15,500

  • 11f · Fees: investment management

    total $25,250 · management and general $25,250

  • 11g · Fees: other

    total $2,288 · management and general $2,288

  • 12 · Advertising and promotion

    total $350,486 · fundraising $350,486

  • 13 · Office expenses

    total $8,627 · management and general $8,627

  • 19 · Conferences, conventions and meetings

    total $2,116 · management and general $2,116

  • 23 · Insurance

    total $1,336 · management and general $1,336

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $201,595 · end of year $168,253

  • 2 · Savings and temporary cash investments

    beginning of year $32,736 · end of year $32,755

  • 11 · Investments: publicly traded securities

    beginning of year $3,505,358 · end of year $3,702,952

  • 27 · Net assets without donor restrictions

    beginning of year $425,476 · end of year $210,985

  • 28 · Net assets with donor restrictions

    beginning of year $3,314,213 · end of year $3,692,975

Mission and programs · 2023

Mission

THE SHELTON STATE COMMUNITY COLLEGE FOUNDATION, INC. (FOUNDATION), WAS ORGANIZED AND INCORPORATED IN 1984 FOR THE PURPOSE OF STIMULATING VOLUNTARY PRIVATE SUPPORT FROM ALUMNI, PARENTS, FRIENDS, CORPORATIONS, FOUNDATIONS, AND OTHERS FOR THE BENEFIT OF THE COLLEGE. THE FOUNDATION EXISTS TO RAISE AND MANAGE PRIVATE RESOURCES SUPPORTING THE MISSION AND PRIORITIES OF THE COLLEGE, AND PROVIDE OPPORTUNITIES FOR STUDENTS AND A MARGIN OF INSTITUTIONAL EXCELLENCE NOT ACHIEVABLE WITH INSTITUTIONAL FUNDS ALONE.

Activities or mission (Part I)

PROMOTE ACADEMICS AT SHELTON STATE COMMUNITY COLLEGE

  • PROVIDE SUPPORT TO SHELTON STATE COMMUNITY COLLEGE BY FUNDING SCHOLARSHIPS, EQUIPMENT, AND SPECIAL EVENTS.

    Expenses $406,362 · Grants $406,362

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jennifer Anderson

    BOARD MEMBER

    Total calculated
    $0
  • Chris Cox

    FORMER PRESI

    Total calculated
    $0
  • Steve Fair

    BOARD MEMBER

    Total calculated
    $0
  • Jheovanny Gomez

    BOARD MEMBER

    Total calculated
    $0
  • Susie Harris

    BOARD MEMBER

    Total calculated
    $0
  • Lance Hocutt

    BOARD MEMBER

    Total calculated
    $0
  • Mary Catherine Houston

    BOARD MEMBER

    Total calculated
    $0
  • Legrand Hutchinson

    BOARD MEMBER

    Total calculated
    $0
  • Robert T Burns Jr

    SECRETARY/TR

    Total calculated
    $0
  • Tony Junkin

    PRESIDENT

    Total calculated
    $0
  • Brandi Lester

    BOARD MEMBER

    Total calculated
    $0
  • Drew Linn

    THIRD VICE P

    Total calculated
    $0
  • Shawn McDaniel

    BOARD MEMBER

    Total calculated
    $0
  • Charles Morgan

    BOARD MEMBER

    Total calculated
    $0
  • Gary Nichols

    BOARD MEMBER

    Total calculated
    $0
  • Laura Beth Oliver-Agee

    BOARD MEMBER

    Total calculated
    $0
  • Gary Phillips

    BOARD MEMBER

    Total calculated
    $0
  • Howell Poole

    BOARD MEMBER

    Total calculated
    $0
  • Paula Quarles

    BOARD MEMBER

    Total calculated
    $0
  • W C Ramsey

    SECOND VICEP

    Total calculated
    $0
  • Sontonia Stephens

    BOARD MEMBER

    Total calculated
    $0
  • Ken Swindle

    BOARD MEMBER

    Total calculated
    $0
  • Sammy Watson

    FIRST VICE P

    Total calculated
    $0

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

No itemized grants to organizations 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
2023
Filed
5 November 2024
IRS schema version
2023v5.0
Source object
202433169349300248

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