Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $454,806

• 1f · All other contributions, gifts and grants

  $2,075,784

• 3 · Investment income

  total $255,635 · excluded $255,635

• 7a · Gross sales of assets other than inventory

  securities $736,020

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

  securities $905,586

• 7c · Gain or loss

  securities -$169,566

• 7d · Net gain or loss

  total -$169,566 · excluded -$169,566

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $496,573 · program services $496,573

• 2 · Grants to domestic individuals

  total $152,022 · program services $152,022

• 11e · Fees: professional fundraising services

  total $415 · fundraising $415

• 11g · Fees: other

  total $37,297 · fundraising $37,297

• 12 · Advertising and promotion

  total $7,939 · management and general $7,939

• 13 · Office expenses

  total $25,419 · management and general $25,419

• 14 · Information technology

  total $1,801 · management and general $1,801

• 17 · Travel

  total $699 · management and general $699

• 24a · Other expenses: SHARED SERVICES

  total $454,806 · management and general $454,806

• 24b · Other expenses: STUDENT SUPPORT

  total $112,868 · program services $112,868

• 24c · Other expenses: INSTRUCTIONAL EQUIPMENT

  total $54,366 · program services $54,366

• 24d · Other expenses: MEMBERSHIPS

  total $16,930 · management and general $16,930

• 24e · All other expenses

  total $25,443 · management and general $25,443

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $3,684,779 · end of year $2,821,191

• 3 · Pledges and grants receivable

  beginning of year $246,367 · end of year $363,934

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,636 · end of year $7,163

• 11 · Investments: publicly traded securities

  beginning of year $4,874,505 · end of year $7,063,080

• 25 · Other liabilities

  beginning of year $1,084,626 · end of year $1,059,999

• 27 · Net assets without donor restrictions

  beginning of year $1,171,253 · end of year $2,247,781

• 28 · Net assets with donor restrictions

  beginning of year $6,552,408 · end of year $6,947,588

The filer's explanations (Part III)

PART I, LINE 3

ALL COMPENSATION FOR THE WESTMORELAND COUNTY COMMUNITY COLLEGE EDUCATION FOUNDATION, INC. EXECUTIVE DIRECTOR, COORDINATOR AND SECRETARY IS ESTABLISHED AND PAID BY THE WESTMORELAND COUNTY COMMUNITY COLLEGE. THE COMPENSATION FOR THESE POSITIONS REQUIRES BOARD APPROVAL ON AN ANNUAL BASIS. THE COMPENSATION FOR DR. KRISTY BISHOP, PRESIDENT OF THE WESTMORELAND COUNTY COMMUNITY COLLEGE (WCCC), WHO LEFT THE COLLEGE IN JANUARY 2025, IS SET BY THE WCCC BOARD OF TRUSTEES. IT IS BASED ON A SURVEY OF PRESIDENTS SALARIES AT LIKE INSTITUTIONS. THE SALARY IS A COMPONENT ALONG WITH THE VALUE OF WCCC'S BENEFITS TO PROVIDE A COMPETITIVE TOTAL COMPENSATION PACKAGE.