Form 990 for tax year 2022
Filed by COLUMBUS TECHNICAL INSTITUTE FOUNDATION INC.
Totals
- Total revenue
- $1,982,172
- Total expenses
- $688,075
- Contributions and grants received
- $1,878,760
- Grants paid
- $47,618
- Program service revenue
- $0
- Investment income
- $27,827
- Other revenue
- $75,585
- Total assets, end of year
- $5,433,473
- Total liabilities, end of year
- $981,874
- Net assets or fund balances, end of year
- $4,451,599
- Program services expenses (Part IX)
- $486,860
- Management and general expenses
- $187,404
- Fundraising expenses
- $13,811
- Program service expenses (Part III)
- $486,860
Program services were 70.8% 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
$1,878,760
-
1g · Noncash contributions included above
$285,572
-
3 · Investment income
total $75,740 · excluded $75,740
-
7b · Less cost or other basis and sales expenses
securities $47,913
-
7c · Gain or loss
securities -$47,913
-
7d · Net gain or loss
total -$47,913 · related or exempt -$47,913
-
11a · Other revenue: LEASE INCOME
total $69,010 · related or exempt $69,010
-
11b · Other revenue: ADVERTISING INCOME
total $6,575 · related or exempt $6,575
-
11e · Other revenue, total
$75,585
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $47,618 · program services $47,618
-
11f · Fees: investment management
total $8,005 · management and general $8,005
-
11g · Fees: other
total $63,681 · program services $13,000 · management and general $44,528 · fundraising $6,153
-
13 · Office expenses
total $630 · management and general $630
-
16 · Occupancy
total $46,841 · management and general $46,841
-
17 · Travel
total $1,309 · management and general $1,309
-
20 · Interest
total $37,283 · management and general $37,283
-
22 · Depreciation, depletion and amortization
total $17,247 · management and general $17,247
-
23 · Insurance
total $11,925 · management and general $11,925
-
24a · Other expenses: STUDENT ASSISTANCE
total $199,532 · program services $199,532
-
24b · Other expenses: CULINARY ARTS PROGRAM
total $147,837 · program services $147,837
-
24c · Other expenses: MISCELLANEOUS
total $60,555 · program services $35,949 · management and general $16,948 · fundraising $7,658
-
24d · Other expenses: GED TESTING
total $32,882 · program services $32,882
-
24e · All other expenses
total $12,730 · program services $10,042 · management and general $2,688
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $3,818
-
2 · Savings and temporary cash investments
beginning of year $346,608 · end of year $942,612
-
3 · Pledges and grants receivable
beginning of year $77,679 · end of year $1,237,867
-
7 · Other notes and loans receivable
beginning of year $1,706 · end of year $1,706
-
10a · Land, buildings and equipment: cost or other basis
$1,198,996
-
10b · Land, buildings and equipment: accumulated depreciation
$81,982
-
10c · Land, buildings and equipment, net
beginning of year $1,134,261 · end of year $1,117,014
-
11 · Investments: publicly traded securities
beginning of year $2,399,819 · end of year $2,130,456
-
12 · Investments: other securities
beginning of year $5,000
-
17 · Accounts payable and accrued expenses
beginning of year $9,310 · end of year $8,543
-
19 · Deferred revenue
beginning of year $5,976
-
23 · Secured mortgages and notes payable
beginning of year $986,754 · end of year $973,331
-
25 · Other liabilities
beginning of year $5,000 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $858,871 · end of year $966,090
-
28 · Net assets with donor restrictions
beginning of year $2,099,162 · end of year $3,485,509
Mission and programs · 2022
Mission
THE FOUNDATION PROVIDES SUPPORT AND ADVOCATES FOR THE EDUCATIONAL EXPERIENCE AND EXPANSION OF EDUCATIONAL OPPORTUNITIES OF COLUMBUS TECHNICAL COLLEGE BY MEANS OF VOLUNTEER LEADERSHIP AND ASSISTANCE IN DEVELOPMENT AND FUNDRAISING ACTIVITIES, ASSUMES FIDUCIARY CARE OF THE FOUNDATION'S ASSETS FOR THE LONG-TERM BENEFIT AND ENHANCEMENT OF COLUMBUS TECHNICAL COLLEGE, AND PROVIDES BROAD ADVICE, CONSULTATION AND SUPPORT TO THE PRESIDENT OF COLUMBUS TECHNICAL COLLEGE.
Activities or mission (Part I)
THE FOUNDATION'S MISSION IS TO PROVIDE SUPPORT AND TO ADVOCATE FOR THE EDUCATIONAL EXPERIENCE AND EXPANSION OF EDUCATIONAL OPPORTUNITIES OF COLUMBUS TECHNICAL COLLEGE BY MEANS OF VOLUNTEER LEADERSHIP AND ASSISTANCE IN DEVELOPMENT AND FUNDRAISING ACTIVITIES, TO ASSUME FIDUCIARY CARE OF THE FOUNDATION'S ASSETS FOR THE LONG-TERM BENEFIT AND ENHANCEMENT OF COLUMBUS TECHNICAL COLLEGE, AND TO PROVIDE BROAD ADVICE, CONSULTATION AND SUPPORT TO THE PRESIDENT OF COLUMBUS TECHNICAL COLLEGE.
-
PROVIDED SUPPORT AND ADVOCATED FOR THE EDUCATIONAL EXCELLENCE AND EXPANSION OF THE EDUCATIONAL OPPORTUNITIES OF COLUMBUS TECHNICAL COLLEGE BY MEANS OF VOLUNTEER LEADERSHIP AND ASSISTANCE IN DEVELOPMENT AND FUNDRAISING ACTIVITIES; EXERCISED FIDUCIARY CARE OF THE FOUNDATION'S ASSETS FOR THE LON-TERM BENEFIT AND ENHANCEMENT OF COLUMBUS TECHNICAL COLLEGE; PROVIDED BROAD ADVICE, CONSULTATION AND SUPPORT TO THE PRESIDENT OF COLUMBUS TECHNICAL COLLEGE.
Expenses $486,860 · Grants $47,618 · Revenue $27,672
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Janeen TuckerJANEEN TUCKER
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Jack Tinkler IVJACK TINKLER IV
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Shaun RobertsSHAUN ROBERTS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Don MorganDON MORGAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Will BarnesWILL BARNES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ashley H ChapmanASHLEY H CHAPMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Aline F LasseterALINE F LASSETER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne F McCluskySUZANNE F MCCLUSKY
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Monte GalbraithMONTE GALBRAITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jack Hayes IIIJACK HAYES III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jamie HerndonJAMIE HERNDON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Greg PaulGREG PAUL
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kai W GaryKAI W GARY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mike GunterMIKE GUNTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kim WeaverKIM WEAVER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeff WellsJEFF WELLS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Malon WickhamMALON WICKHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Susan SealySUSAN SEALY
EXECUTIVE DIRECTOR
- Total calculated
- $75,359
- From this org
- $0
- From related orgs
- $75,359
- Other
- $0
- Hours/week
- 40
-
Martha ToddMARTHA TODD
PRESIDENT, CTC
- Total calculated
- $188,734
- From this org
- $0
- From related orgs
- $188,734
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $188,734 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $188,734 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
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
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.
-
COLUMBUS TECHNICAL COLLEGE
501(C)(3) · STATE TECHNICAL COLLEGE · GA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
CTCF HOLDINGS LLC
REAL ESTATE MANAGEMENT · GA
-
COLUMBUS TECH PROPERTIES LLC
REAL ESTATE MANAGEMENT · GA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441369349306194
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