Form 990 for tax year 2022

Filed by STARK STATE COLLEGE FOUNDATION.

Totals

Total revenue: $3,046,085
Total expenses: $1,946,817
Contributions and grants received: $2,792,501
Grants paid: $1,885,542
Program service revenue: $0
Investment income: $253,584
Other revenue: $0
Total assets, end of year: $12,399,634
Total liabilities, end of year: $1,209,099
Net assets or fund balances, end of year: $11,190,535
Program services expenses (Part IX): $1,885,542
Management and general expenses: $61,275
Fundraising expenses: $0
Program service expenses (Part III): $1,885,542

Program services were 96.9% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$1,204,572
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$1,587,929
1g · Noncash contributions included above

$44,074
3 · Investment income

total $253,584 · related or exempt $253,584 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: contributions included on line 1c

$0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $1,885,542 · program services $1,885,542
3 · Grants to foreign organizations and individuals

total $0 · program services $0
12 · Advertising and promotion

total $9,759 · program services $0 · management and general $9,759 · fundraising $0
24e · All other expenses

total $51,516 · program services $0 · management and general $51,516 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $112,120 · end of year $310,536
2 · Savings and temporary cash investments

beginning of year $1,822,436 · end of year $2,443,071
3 · Pledges and grants receivable

beginning of year $27,623 · end of year $126,708
4 · Accounts receivable

beginning of year $0
5 · Loans and receivables from officers and key people

beginning of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0
7 · Other notes and loans receivable

beginning of year $0
8 · Inventories for sale or use

beginning of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0
11 · Investments: publicly traded securities

beginning of year $8,703,194 · end of year $9,519,319
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0
15 · Other assets

beginning of year $0
17 · Accounts payable and accrued expenses

beginning of year $1,286,901 · end of year $1,209,099
18 · Grants payable

beginning of year $0
19 · Deferred revenue

beginning of year $0
20 · Tax-exempt bond liabilities

beginning of year $0
21 · Escrow or custodial account liability

beginning of year $0
22 · Loans and payables to officers and key people

beginning of year $0
23 · Secured mortgages and notes payable

beginning of year $0
24 · Unsecured notes and loans payable

beginning of year $0
27 · Net assets without donor restrictions

beginning of year $183,794 · end of year $320,269
28 · Net assets with donor restrictions

beginning of year $9,194,678 · end of year $10,870,266

Mission and programs · 2022

Mission

The mission of the Foundation is to open doors to relationships and resources that supportthe success of our students, partners and communities.

Activities or mission (Part I)

Create relationships with students, partners and communities to fund the resources that support the success of the students, partners and communities.

Students pursuit of higher education was enabled by scholarship grant to the college for student and student services.

Expenses $1,713,798 · Revenue $2,452,369
Academic departments were enhanced through grants for equipment and supplies which improved service to students. Instructional departments receive funding which assist students at the college.

Expenses $70,161
Support of student services and organizations set up for student services

Expenses $57,115 · Revenue $213,058
Campus Imporovements

Expenses $44,468 · Revenue $60,900

As filed on the 2022 return.

Listed in Part VII

Para Jones Ph D

President, Stark State College

Total calculated

$446,397

From this org

$0

From related orgs

$331,465

Other

$114,932

Hours/week

2 + 38 related

Schedule J breakdown matched by us

Base

$0 + $284,425 related

Bonus

$0 + $47,041 related

Other

$0 + $4,682 related

Deferred

$0 + $86,835 related

Nontaxable benefits

$0 + $23,415 related

Filer's total

$0 + $446,398 related
Patrick Roberts Phd

Vice President, Advancement

Total calculated

$133,231

From this org

$0

From related orgs

$103,160

Other

$30,071

Hours/week

15 + 25 related

Schedule J breakdown matched by us

Base

$0 + $103,161 related

Bonus

$0

Other

$0 + $14,442 related

Deferred

$0

Nontaxable benefits

$0 + $15,629 related

Filer's total

$0 + $133,232 related
Alexander J Shannon

President, SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Katherine Gessner

SSC Foundation Board of Trustees Vice President

Total calculated

$0

Hours/week

1
Mary Jo Shannon Slick Esq

SSC Foundation Board of Trustees Secretary

Total calculated

$0

Hours/week

1
Randy Kreinbrink

SSC Foundation Board of Trustees Treasurer

Total calculated

$0

Hours/week

1
Thomas Chiappini

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Ken Decker

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Sally Efremoff Esq

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Betsy Engels

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Stephanie Flowers

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Monica Gwin

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
William F Hoover

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Dan Kessler

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Cleo Lucas

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
John McGrath Ed D

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Pat Miller

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Ahmed Sabe MD

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Tony Snyder

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Michael Thomas DDS

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Patty Wackerly

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Janet Kendall White

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Ronald Wilkoff

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Bruce Alexander

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Kalee Boyd

SSC Foundation Board of Trustees

Total calculated

$0

Hours/week

1
Nicole Russ

Board of Directors

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. 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)

Schedule J, Part I, Line 4: President of Stark State College receives compensation in excess of $150,000 from the college. This is not pay from the Foundation, but she does some work with the Foundation.

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

Stark State College

$1,885,542

Student Scholarships, Equipment and Supplies to support student learning objectives

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.

Stark State College

115 · Higher Education · OH

Provenance

Return type: form_990
Tax year: 2022
Filed: 2 January 2024
IRS schema version: 2022v5.0
Source object: 202400369349300920

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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