Form 990 for tax year 2024
Filed by DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $1,276,821
- Total expenses
- $140,134
- Contributions and grants received
- $1,153,862
- Grants paid
- $47,779
- Program service revenue
- $0
- Investment income
- $11,207
- Other revenue
- $111,752
- Total assets, end of year
- $1,520,937
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,520,937
- Program services expenses (Part IX)
- $66,010
- Management and general expenses
- $74,124
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $66,010
Program services were 47.1% 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
$1,153,862
-
3 · Investment income
total $5,946 · excluded $5,946
-
7a · Gross sales of assets other than inventory
securities $5,261
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $5,261
-
7d · Net gain or loss
total $5,261 · excluded $5,261
-
8a · Fundraising events: gross income
$129,153
-
8b · Fundraising events: direct expenses
$17,401
-
8c · Net income from fundraising events
total $111,752 · excluded $111,752
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $47,779 · program services $47,779
-
6 · Compensation of disqualified persons
total $47,820 · management and general $47,820
-
11a · Fees: management
total $149 · management and general $149
-
11c · Fees: accounting
total $1,000 · management and general $1,000
-
11f · Fees: investment management
total $234 · management and general $234
-
13 · Office expenses
total $7,366 · management and general $7,366
-
24a · Other expenses: CELEBRATION OF SCHOLARS
total $15,666 · program services $15,666
-
24b · Other expenses: CONTRACT AND PROFESSION
total $14,399 · management and general $14,399
-
24c · Other expenses: OTHER EXPENSE
total $4,275 · program services $2,565 · management and general $1,710
-
24d · Other expenses: MEALS
total $1,057 · management and general $1,057
-
24e · All other expenses
total $389 · management and general $389
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $345,916 · end of year $1,249,204
-
15 · Other assets
beginning of year $38,334 · end of year $271,733
-
27 · Net assets without donor restrictions
beginning of year $384,250 · end of year $1,477,133
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $43,804
Mission and programs · 2024
Mission
THE FOUNDATION EXISTS TO RAISE AND MANAGE PRIVATE RESOURCES SUPPORTING THE MISSION AND PRIORITIES OF THE COLLEGE AND TO PROVIDE OPPORTUNITIES FOR STUDENTS AND A MARGIN OF INSTITUTIONAL EXCELLENCE NOT ACHIEVABLE WITH INSTITUTIONAL FUNDS ALONE. THE FOUNDATION IS DEDICATED TO ASSISTING THE COLLEGE IN THE BUILDING OF AN ENDOWMENT, AND IN ADDRESSING, THROUGH FINANCIAL SUPPORT, THE LONG-TERM ACADEMIC AND OTHER PRIORITIES OF THE COLLEGE.
Activities or mission (Part I)
TO SUPPORT THE ACTIVITIES OF DRAKE COMMUNITY COLLEGE BY RAISING AND MANAGING PRIVATE RESOURCES SUPPORTING THE COLLEGE'S MISSION & PRIORITIES AND PROVIDE OPPORTUNITIES FOR STUDENTS AND A MARGIN OF INSTITUTIONAL EXCELLENCE NOT ACHIEVABLE WITH INSTITUTIONAL FUNDS.
-
DRAKE STATE TECHNICAL COLLEGE FOUNDATION, INC. IS A NOT-FOR-PROFIT FOUNDATION INCORPORATED UNDER THE LAWS OF ALABAMA FOR THE PURPOSE OF STIMULATING VOLUNTARY PRIVATE SUPPORT FROM ALUMNI, PARENTS, FRIENDS, CORPORATIONS, FOUNDATIONS, AND OTHERS FOR THE BENEFIT OF DRAKE STATE COMMUNITY COLLEGE. IT EXISTS TO RAISE AND MANAGE PRIVATE RESOURCES SUPPORTING THE MISSION AND PRIORITIES OF THE COLLEGE AND TO PROVIDE OPPORTUNITIES FOR STUDENTS AND A MARGIN OF INSTITUTIONAL EXCELLENCE NOT ACHIEVABLE WITH INSTITUTIONAL FUNDS ALONE. THE FOUNDATION IS DEDICATED TO ASSISTING THE COLLEGE IN THE BUILDING OF AN ENDOWMENT AND IN ADDRESSING, THROUGH FINANCIAL SUPPORT, THE LONG TERM ACADEMIC AND OTHER PRIORTIES OF THE COLLEGE.
Expenses $66,010 · Grants $47,779 · Revenue $1,177,168
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
MONA MILLER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
BRAD BURNS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
SHAVONNE CAMMACK
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
ALEXIS TONEY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
PAMELA BASS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CHARLIE BURRUSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SARA COUEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
NANCY DOLLAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
TERESA FOLY-BATTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
LAURA HALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
LORI KING-TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JUDISE LANIER-OWENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOANN PEREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DAVID PERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ANNE MARIE REIDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KAROCKAS WATKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DON WESSELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PATRICIA SIMS
EX OFFICIO
- Total calculated
- $0
- Hours/week
- 0.5
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202521359349313192
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