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← ALEXANDRIA TECHNICAL & COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by ALEXANDRIA TECHNICAL & COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$6,601,772
Total expenses
$2,609,101
Contributions and grants received
$5,566,840
Grants paid
$1,494,573
Program service revenue
$0
Investment income
$72,495
Other revenue
$962,437
Total assets, end of year
$17,651,230
Total liabilities, end of year
$5,689,857
Net assets or fund balances, end of year
$11,961,373
Program services expenses (Part IX)
$2,313,697
Management and general expenses
$284,882
Fundraising expenses
$10,522
Program service expenses (Part III)
$2,313,697

Program services were 88.7% 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.

  • 1c · Fundraising events

    $854,934

  • 1e · Government grants (contributions)

    $17,196

  • 1f · All other contributions, gifts and grants

    $4,694,710

  • 1g · Noncash contributions included above

    $1,030,609

  • 3 · Investment income

    total $152,498 · excluded $152,498

  • 6a · Gross rents

    real property $960,512

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $960,512

  • 6d · Net rental income or loss

    total $960,512 · excluded $960,512

  • 7a · Gross sales of assets other than inventory

    securities $5,451,333

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

    securities $5,531,261 · other assets $75

  • 7c · Gain or loss

    securities -$79,928 · other assets -$75

  • 7d · Net gain or loss

    total -$80,003 · excluded -$80,003

  • 8a · Fundraising events: gross income

    $48,752

  • 8a · Fundraising events: contributions included on line 1c

    $854,934

  • 8b · Fundraising events: direct expenses

    $46,827

  • 8c · Net income from fundraising events

    total $1,925 · excluded $1,925

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,494,573 · program services $1,494,573

  • 7 · Other salaries and wages

    total $302,189 · program services $131,519 · management and general $170,670

  • 10 · Payroll taxes

    total $36,751 · program services $13,745 · management and general $23,006

  • 11b · Fees: legal

    total $774 · management and general $774

  • 11c · Fees: accounting

    total $22,036 · management and general $22,036

  • 11f · Fees: investment management

    total $27,599 · management and general $27,599

  • 11g · Fees: other

    total $18,081 · management and general $18,081

  • 12 · Advertising and promotion

    total $13,990 · management and general $12,502 · fundraising $1,488

  • 13 · Office expenses

    total $69,743 · program services $56,007 · management and general $4,702 · fundraising $9,034

  • 16 · Occupancy

    total $182,393 · program services $182,393

  • 17 · Travel

    total $7,174 · program services $7,161 · management and general $13

  • 19 · Conferences, conventions and meetings

    total $891 · management and general $891

  • 20 · Interest

    total $163,606 · program services $163,606

  • 22 · Depreciation, depletion and amortization

    total $209,226 · program services $208,483 · management and general $743

  • 23 · Insurance

    total $57,641 · program services $55,751 · management and general $1,890

  • 24a · Other expenses: MISCELLANEOUS

    total $2,434 · program services $459 · management and general $1,975

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $280 · end of year $321

  • 2 · Savings and temporary cash investments

    beginning of year $2,431,305 · end of year $3,191,289

  • 3 · Pledges and grants receivable

    beginning of year $64,843 · end of year $1,530,754

  • 4 · Accounts receivable

    beginning of year $2,623 · end of year $2,553

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,337 · end of year $55,958

  • 10a · Land, buildings and equipment: cost or other basis

    $10,251,965

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,556,845

  • 10c · Land, buildings and equipment, net

    beginning of year $5,798,280 · end of year $7,695,120

  • 11 · Investments: publicly traded securities

    beginning of year $4,898,524 · end of year $5,150,962

  • 15 · Other assets

    beginning of year $21,392 · end of year $24,273

  • 17 · Accounts payable and accrued expenses

    beginning of year $199,534 · end of year $878,593

  • 20 · Tax-exempt bond liabilities

    beginning of year $5,529,358 · end of year $4,811,264

  • 27 · Net assets without donor restrictions

    beginning of year $2,952,408 · end of year $3,073,516

  • 28 · Net assets with donor restrictions

    beginning of year $4,537,284 · end of year $8,887,857

Mission and programs · 2022

Mission

THE ATCC FOUNDATION EXISTS TO SUPPORT THE MISSION OF THE COLLEGE.

Activities or mission (Part I)

TO SUPPORT THE MISSION OF THE COLLEGE.

  • INKIND DONATION - DONATIONS OF PHYSICAL ITEMS SUCH AS ENGINES, MACHINES, TOOLS, SOFTWARE SYSTEMS, PARTS, MODULES, METALS, VEHICLES FROM VARIOUS BUSINESSES AND INDIVIDUALS TO BE USED FOR THE VARIOUS COLLEGE PROGRAMS GIVING STUDENTS HANDS-ON TRAINING.

    Expenses $440,609 · Grants $440,609

  • STUDENT SUPPORT - DONATIONS FROM VARIOUS BUSINESSES AND INDIVIDUALS FOR SCHOLARSHIPS AND TRUST DISBURSEMENTS TO BE USED TOWARD A VARIETY OF STUDENT EXPENSES SUCH AS PRINTING, TUITION, FEES, AND BOOKS.

    Expenses $701,881 · Grants $394,940

  • COLLEGE PROGRAM SUPPORT - DONATIONS FROM VARIOUS BUSINESSES AND INDIVIDUALS FOR SCHOLARSHIPS AND TRUST DISBURSEMENTS TO BE USED TO HELP FUND SPECIFIC COLLEGE PROGRAMS AND RELATED PROGRAM EXPENSES SUCH AS TRUCK DRIVING, BUSINESS MANAGEMENT, AND MECHANICS.

    Expenses $1,171,207 · Grants $659,024

As filed on the 2022 return.

Listed in Part VII

  • Erin Berns

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Shari Laven

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mike Cass

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Stuart Henrickson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Paul Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Barse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shannon Berns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Fernholz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carmon Watkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Wild

    EXECUTIVE DIRECTOR

    Total calculated
    $179,423
    From this org
    $133,233
    From related orgs
    $0
    Other
    $46,190
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $133,233
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $46,190
    Filer's total
    $179,423

  • Frank Starke

    EX-OFFICIO

    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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract

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)

PART I, LINE 1A
THE EXECUTIVE DIRECTOR IS REIMBURSED FOR FOUNDATION-RELATED TRAVEL EXPENSE.
SCHEDULE J, PART I:
THE ORGANIZATION'S EXECUTIVE DIRECTOR IS PAID BY AN UNRELATED ORGANIZATION - ALEXANDRIA TECHNICAL & COMMUNITY COLLEGE. THE AMOUNT REPORTED ON THE 990 PART VII, LINE 1A, REPRESENTS THE COMPENSATION FOR THEIR SERVICE AT THE REPORTING ORGANIZATION WHICH IS PART OF THE DONATED SERVICES AMOUNT PAID BY THE COLLEGE.

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

  • ALEXANDRIA TECHNICAL & COMMUNITY COLLEGE

    $1,053,964

    PROVIDE FUNDING FOR COLLEGE PROGRAMS AND STUDENT SCHOLARSHIPS

  • ALEXANDRIA TECHNICAL & COMMUNITY COLLEGE

    $0

    TO ASSIST STUDENTS IN LEARNING NEW SKILLS

Provenance

Return type
form_990
Tax year
2022
Filed
18 October 2023
IRS schema version
2022v5.0
Source object
202303009349301800

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