Form 990 for tax year 2024
Filed by LURLEEN B WALLACE COMMUNITY COLLEGE.
Totals
- Total revenue
- $1,184,572
- Total expenses
- $436,169
- Contributions and grants received
- $299,939
- Grants paid
- $360,367
- Program service revenue
- $0
- Investment income
- $884,633
- Other revenue
- $0
- Total assets, end of year
- $7,957,859
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $7,957,859
- Program services expenses (Part IX)
- $361,068
- Management and general expenses
- $63,577
- Fundraising expenses
- $11,524
- Program service expenses (Part III)
- $361,068
Program services were 82.8% 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
$299,939
-
3 · Investment income
total $884,633 · related or exempt $884,633
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $360,367 · program services $360,367
-
11c · Fees: accounting
total $6,600 · management and general $6,600
-
11g · Fees: other
total $67,556 · management and general $56,032 · fundraising $11,524
-
13 · Office expenses
total $1,403 · program services $701 · management and general $702
-
22 · Depreciation, depletion and amortization
total $243 · management and general $243
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $188,658 · end of year $128,167
-
2 · Savings and temporary cash investments
beginning of year $41,737 · end of year $68,494
-
3 · Pledges and grants receivable
beginning of year $50,400 · end of year $25,200
-
10a · Land, buildings and equipment: cost or other basis
$1,213
-
10b · Land, buildings and equipment: accumulated depreciation
$1,213
-
10c · Land, buildings and equipment, net
beginning of year $244
-
11 · Investments: publicly traded securities
beginning of year $6,928,417 · end of year $7,735,998
-
27 · Net assets without donor restrictions
beginning of year $4,232,777 · end of year $4,965,898
-
28 · Net assets with donor restrictions
beginning of year $2,976,679 · end of year $2,991,961
Mission and programs · 2024
Mission
Promote the study and teaching of all subjects that may be offered at LBW Community College, to receive contributions and funds which provide gifts of scholarships to the college for students who have been selected by the colleges committee(s).
-
As set forth in the Mission of the Foundation, its purposes are - generally - to facilitate the education opportunities of students of LBW Community College, through the provision of scholarship funds. This was accomplished during the report year through fund-raising activities, investment activities, and through the funding of scholarships, classroom grants, and institutional development funds.
Expenses $361,068
As filed on the 2024 return.
Listed in Part VII
-
Johnny Autrey
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Brock Kelley
Ex-Officio member
- Total calculated
- $0
- Hours/week
- 1
-
Corey Bryan
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Glenn Cooper
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Colin Holloway
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Baynard Ward
Director
- Total calculated
- $0
- Hours/week
- 2
-
Carolyn Graham
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
David Anthony
Ex-Officio member
- Total calculated
- $0
- Hours/week
- 0.5
-
Allen Burgess
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Libby Cotter
Ex-Officio member
- Total calculated
- $0
- Hours/week
- 0.5
-
Eddie Cook
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Betsy Walker
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Billy Bergfeld
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Michelle Gerlach
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Shon McClung
Ex-Officio member
- Total calculated
- $0
- Hours/week
- 1
-
Ashley Hataway
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Jean Thompson
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Sam Starr
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Kyle Gantt
Ex-Officio
- Total calculated
- $0
- Hours/week
- 0.5
-
Reid Taylor
President
- Total calculated
- $0
- Hours/week
- 0.5
-
Mirela Elliott
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Anna Till
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Chrissie Duffy
Executive Director
- Total calculated
- $0
- Hours/week
- 10
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
-
LBW Community College
no cash amount reported
to further the academic mission of LBW
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523219349325732
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