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Nonprofiteer
← COLUMBUS TECHNICAL INSTITUTE FOUNDATION INC

Form 990 for tax year 2024

Filed by COLUMBUS TECHNICAL INSTITUTE FOUNDATION INC.

Totals

Total revenue
$7,910,233
Total expenses
$602,086
Contributions and grants received
$7,515,874
Grants paid
$271,509
Program service revenue
$0
Investment income
$212,718
Other revenue
$181,641
Total assets, end of year
$14,397,301
Total liabilities, end of year
$1,067,462
Net assets or fund balances, end of year
$13,329,839
Program services expenses (Part IX)
$375,117
Management and general expenses
$210,943
Fundraising expenses
$16,026
Program service expenses (Part III)
$375,117

Program services were 62.3% 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

    $7,515,874

  • 1g · Noncash contributions included above

    $3,440,432

  • 3 · Investment income

    total $128,326 · excluded $128,326

  • 7a · Gross sales of assets other than inventory

    securities $84,392

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

    securities $0

  • 7c · Gain or loss

    securities $84,392

  • 7d · Net gain or loss

    total $84,392 · related or exempt $84,392

  • 11a · Other revenue: LEASE INCOME

    total $172,091 · related or exempt $172,091

  • 11b · Other revenue: ADVERTISING INCOME

    total $9,550 · related or exempt $9,550

  • 11e · Other revenue, total

    $181,641

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $222,097 · program services $222,097

  • 2 · Grants to domestic individuals

    total $49,412 · program services $49,412

  • 11f · Fees: investment management

    total $7,683 · management and general $7,683

  • 11g · Fees: other

    total $78,063 · management and general $66,063 · fundraising $12,000

  • 13 · Office expenses

    total $775 · management and general $755 · fundraising $20

  • 16 · Occupancy

    total $35,906 · management and general $35,906

  • 17 · Travel

    total $2,311 · management and general $2,311

  • 20 · Interest

    total $38,055 · management and general $38,055

  • 22 · Depreciation, depletion and amortization

    total $17,433 · management and general $17,433

  • 23 · Insurance

    total $14,293 · management and general $14,293

  • 24a · Other expenses: STUDENT ASSISTANCE

    total $50,273 · program services $50,273

  • 24b · Other expenses: ADULT EDUCATION

    total $45,728 · program services $45,728

  • 24c · Other expenses: MISCELLANEOUS

    total $27,786 · program services $165 · management and general $23,615 · fundraising $4,006

  • 24d · Other expenses: FACULTY AND STAFF DEVEL

    total $4,549 · program services $4,549

  • 24e · All other expenses

    total $7,722 · program services $2,893 · management and general $4,829

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,127 · end of year $145,295

  • 2 · Savings and temporary cash investments

    beginning of year $2,117,123 · end of year $4,564,335

  • 3 · Pledges and grants receivable

    beginning of year $1,533,653 · end of year $4,237,990

  • 4 · Accounts receivable

    beginning of year $1,800 · end of year $6,847

  • 7 · Other notes and loans receivable

    beginning of year $818

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

    $4,904,870

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

    $116,662

  • 10c · Land, buildings and equipment, net

    beginning of year $1,099,767 · end of year $4,788,208

  • 11 · Investments: publicly traded securities

    beginning of year $2,159,166 · end of year $654,626

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,747 · end of year $132,514

  • 19 · Deferred revenue

    beginning of year $14,308 · end of year $16,647

  • 23 · Secured mortgages and notes payable

    beginning of year $940,558 · end of year $906,301

  • 25 · Other liabilities

    beginning of year $12,000 · end of year $12,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,036,100 · end of year $4,991,673

  • 28 · Net assets with donor restrictions

    beginning of year $4,919,741 · end of year $8,338,166

Mission and programs · 2024

Mission

THE FOUNDATION PROVIDES SUPPORT AND ADVOCATES FOR THE EDUCATIONAL EXPERIENCE AND EXPANSION OF EDUCATIONAL OPPORTUNITIES OF COLUMBUS TECHNICAL COLLEGE BY MEANS OF VOLUNTEER LEADERSHIP AND ASSISTANCE IN DEVELOPMENT AND FUNDRAISING ACTIVITIES, ASSUMES FIDUCIARY CARE OF THE FOUNDATION'S ASSETS FOR THE LONG-TERM BENEFIT AND ENHANCEMENT OF COLUMBUS TECHNICAL COLLEGE, AND PROVIDES BROAD ADVICE, CONSULTATION AND SUPPORT TO THE PRESIDENT OF COLUMBUS TECHNICAL COLLEGE.

Activities or mission (Part I)

THE FOUNDATION'S MISSION IS TO PROVIDE SUPPORT AND TO ADVOCATE FOR THE EDUCATIONAL EXPERIENCE AND EXPANSION OF EDUCATIONAL OPPORTUNITIES OF COLUMBUS TECHNICAL COLLEGE BY MEANS OF VOLUNTEER LEADERSHIP AND ASSISTANCE IN DEVELOPMENT AND FUNDRAISING ACTIVITIES, TO ASSUME FIDUCIARY CARE OF THE FOUNDATION'S ASSETS FOR THE LONG-TERM BENEFIT AND ENHANCEMENT OF COLUMBUS TECHNICAL COLLEGE, AND TO PROVIDE BROAD ADVICE, CONSULTATION AND SUPPORT TO THE PRESIDENT OF COLUMBUS TECHNICAL COLLEGE.

  • PROVIDED SUPPORT AND ADVOCATED FOR THE EDUCATIONAL EXCELLENCE AND EXPANSION OF THE EDUCATIONAL OPPORTUNITIES OF COLUMBUS TECHNICAL COLLEGE BY MEANS OF VOLUNTEER LEADERSHIP AND ASSISTANCE IN DEVELOPMENT AND FUNDRAISING ACTIVITIES; EXERCISED FIDUCIARY CARE OF THE FOUNDATION'S ASSETS FOR THE LONG-TERM BENEFIT AND ENHANCEMENT OF COLUMBUS TECHNICAL COLLEGE; PROVIDED BROAD ADVICE, CONSULTATION AND SUPPORT TO THE PRESIDENT OF COLUMBUS TECHNICAL COLLEGE.

    Expenses $375,117 · Grants $271,509

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

Listed in Part VII

  • Janeen Tucker

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jack Tinkler IV

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Shaun Roberts

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ashley H Chapman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Aline F Lasseter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Suzanne F McClusky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jack Hayes III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Greg Paul

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kai W Gary

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kim Weaver

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Jeff Wells

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Malon Wickham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • J Barrington Vaught

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Twila Kirkland

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Alfred Blackmar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brian McCluskey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas Lindblad

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Poydasheff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cj Tinney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Barbara Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christina Vogler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Susan Sealy

    EXECUTIVE DIRECTOR

    Total calculated
    $77,790
    From this org
    $0
    From related orgs
    $77,790
    Other
    $0
    Hours/week
    40

  • Martha Todd

    PRESIDENT, CTC

    Total calculated
    $207,263
    From this org
    $0
    From related orgs
    $207,263
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $207,263 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $207,263 related

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

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

  • COLUMBUS TECHNICAL COLLEGE

    $222,097

    SCHOLARSHIPS, STUDENT ASSISTANCE, MOBILE LAB INSTRUCTOR, AND GENERAL USE OF DONEE

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.

  • COLUMBUS TECHNICAL COLLEGE

    501(C)(3) · STATE TECHNICAL COLLEGE · GA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CTCF HOLDINGS LLC

    REAL ESTATE MANAGEMENT · GA

  • COLUMBUS TECH PROPERTIES LLC

    REAL ESTATE MANAGEMENT · GA

Provenance

Return type
form_990
Tax year
2024
Filed
20 November 2025
IRS schema version
2024v5.2
Source object
202523249349300717

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