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Nonprofiteer
← LANIER TECHNICAL COLLEGE FOUNDATION INC

Form 990 for tax year 2024

Filed by LANIER TECHNICAL COLLEGE FOUNDATION INC.

Totals

Total revenue
$500,764
Total expenses
$372,855
Contributions and grants received
$371,355
Grants paid
$221,705
Program service revenue
$0
Investment income
$128,774
Other revenue
$635
Total assets, end of year
$5,833,969
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,833,969
Program services expenses (Part IX)
$327,727
Management and general expenses
$45,128
Fundraising expenses
$0
Program service expenses (Part III)
$327,727

Program services were 87.9% 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.

  • 1f · All other contributions, gifts and grants

    $371,355

  • 1g · Noncash contributions included above

    $109,173

  • 3 · Investment income

    total $97,734 · excluded $97,734

  • 7a · Gross sales of assets other than inventory

    securities $66,263

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

    securities $35,223

  • 7c · Gain or loss

    securities $31,040

  • 7d · Net gain or loss

    total $31,040 · related or exempt $31,040

  • 8a · Fundraising events: gross income

    $635

  • 8c · Net income from fundraising events

    total $635

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $109,173 · program services $109,173

  • 2 · Grants to domestic individuals

    total $112,532 · program services $112,532

  • 11c · Fees: accounting

    total $14,250 · management and general $14,250

  • 13 · Office expenses

    total $3,996 · management and general $3,996

  • 24a · Other expenses: PROGRAM EXPENSES

    total $97,866 · program services $97,866

  • 24b · Other expenses: SUPPLIES

    total $22,031 · management and general $22,031

  • 24c · Other expenses: FACULTY AND STAFF ENCHANC

    total $8,156 · program services $8,156

  • 24d · Other expenses: BANK AND CREDIT CARD FEES

    total $2,725 · management and general $2,725

  • 24e · All other expenses

    total $2,126 · management and general $2,126

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,867,310 · end of year $3,001,268

  • 2 · Savings and temporary cash investments

    beginning of year $2,460,797 · end of year $2,747,289

  • 3 · Pledges and grants receivable

    beginning of year $125,659 · end of year $82,579

  • 4 · Accounts receivable

    beginning of year $9,943 · end of year $1,528

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,459 · end of year $1,305

  • 27 · Net assets without donor restrictions

    beginning of year $879,354 · end of year $1,108,680

  • 28 · Net assets with donor restrictions

    beginning of year $4,585,814 · end of year $4,725,289

Mission and programs · 2024

Mission

TO SUPPORT LANIER TECHNICAL COLLEGE BY ENHANCING ITS IMAGE AND EXPANDING AWARENESS AND OPPORTUNITIES OF THE COLLEGE AS A WORKFORCE DEVELOPMENT RESOURCE

  • INSTRUCTIONAL PROGRAMS - TO SOLICIT FUNDING AND IN-KIND DONATIONS THAT SUPPORT AND IMPROVE INSTRUCTIONAL TRAINING PROGRAMS, WHICH ALIGN WITH COMMUNITY WORKFORCE NEEDS, AND TO PROCURE INSTRUCTIONAL EQUIPMENT FOR TECHNICAL TRAINING.

    Expenses $134,948 · Grants $109,173

  • SCHOLARSHIPS - TO SOLICIT FUNDING IN SUPPORT OF SCHOLARSHIP OPPORTUNITIES THAT PROVIDE FINANCIAL ASSISTANCE TO STUDENTS SEEKING A POST-SECONDARY CREDENTIAL IN TECHNICAL TRAINING PROGRAMS WITH TUITION, BOOKS AND/OR FEES.

    Expenses $112,532 · Grants $112,532

  • INSTITUTIONAL ADVANCEMENT - TO SOLICIT FUNDING IN SUPPORT OF THE COLLEGE'S STRATEGIC PLANS FOR FUTURE GROWTH BY UPGRADING OR EXPANDING PRESENT PHYSICAL FACILITIES TO BE THE PREMIER WORKFORCE DEVELOPMENT AND TRAINING INSTITUTION IN NORTHEAST GEORGIA.

    Expenses $80,247

  • ADULT LITERACY - TO SOLICIT FUNDING IN SUPPORT OF AN ADULT EDUCATION PROGRAM THAT PROVIDES INSTRUCTION FOR STUDENTS TO ATTAIN A GED CREDENTIAL, PURSUE A POST-SECONDARY EDUCATION, SUCCESSFULLY ENTER THE WORKFORCE AND/OR IMPROVE THEIR ENGLISH LANGUAGE SKILLS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRETT BERTO

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHUCK CARTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRAD DAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BLAKE HOUSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS JENNINGS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOE LEONARDO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TOMMY SANDERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LAUREN ARMOUR TALLEY

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40

  • KEVIN TANNER

    TRUSTEE

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.0
Source object
202543219349306669

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