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Nonprofiteer
← DALTON STATE COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by DALTON STATE COLLEGE FOUNDATION INC.

Totals

Total revenue
$2,637,524
Total expenses
$1,505,799
Contributions and grants received
$1,231,066
Grants paid
$0
Program service revenue
$0
Investment income
$1,530,461
Other revenue
-$124,003
Total assets, end of year
$43,857,222
Total liabilities, end of year
$87,654
Net assets or fund balances, end of year
$43,769,568
Program services expenses (Part IX)
$1,346,927
Management and general expenses
$98,500
Fundraising expenses
$60,372
Program service expenses (Part III)
$1,346,927

Program services were 89.4% 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

    $1,231,066

  • 3 · Investment income

    total $1,038,593 · related or exempt $1,038,593

  • 6a · Gross rents

    real property $28,500

  • 6b · Less rental expenses

    real property $152,503

  • 6c · Rental income or loss

    real property -$124,003

  • 6d · Net rental income or loss

    total -$124,003 · related or exempt -$124,003

  • 7a · Gross sales of assets other than inventory

    securities $3,066,678

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

    securities $2,574,810

  • 7c · Gain or loss

    securities $491,868

  • 7d · Net gain or loss

    total $491,868 · related or exempt $491,868

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $46,631 · management and general $45,731 · fundraising $900

  • 19 · Conferences, conventions and meetings

    total $1,437 · management and general $746 · fundraising $691

  • 22 · Depreciation, depletion and amortization

    total $754 · management and general $754

  • 23 · Insurance

    total $14,459 · management and general $14,459

  • 24a · Other expenses: SCHOLARSHIPS & AWARDS

    total $569,771 · program services $569,771

  • 24b · Other expenses: CAPITAL PROJECTS

    total $191,729 · program services $191,729

  • 24c · Other expenses: SALARY SUPPLEMENTS

    total $161,620 · program services $82,451 · management and general $30,202 · fundraising $48,967

  • 24d · Other expenses: FACULTY SUPPORT

    total $127,905 · program services $127,905

  • 24e · All other expenses

    total $391,493 · program services $375,071 · management and general $6,608 · fundraising $9,814

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $819,502 · end of year $1,012,441

  • 3 · Pledges and grants receivable

    beginning of year $4,151,151 · end of year $2,921,874

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,529 · end of year $24,606

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

    $4,787,009

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

    $637,200

  • 10c · Land, buildings and equipment, net

    beginning of year $4,198,618 · end of year $4,149,809

  • 11 · Investments: publicly traded securities

    beginning of year $31,604,397 · end of year $28,089,983

  • 12 · Investments: other securities

    beginning of year $6,757,150 · end of year $7,658,509

  • 17 · Accounts payable and accrued expenses

    beginning of year $56,488 · end of year $87,654

  • 27 · Net assets without donor restrictions

    beginning of year $17,783,111 · end of year $15,580,187

  • 28 · Net assets with donor restrictions

    beginning of year $29,716,748 · end of year $28,189,381

Mission and programs · 2022

Mission

TO PROVIDE INDIVIDUAL GRANTS, SCHOLARSHIPS AND EDUCATIONAL PROGRAMS FOR ELIGIBLE FACULTY AND RESIDENTS OF THE NORTH GEORGIA AREA

  • PROVIDE DIRECT FINANCIAL SUPPORT IN THE FORM OF SCHOLARSHIPS AND AWARDS TO STUDENTS ATTENDING DALTON STATE COLLEGE.

    Expenses $569,771

  • PROVIDE FINANCIAL SUPPORT TO FACULTY AND ACADEMIC PROGRAMS AT DALTON STATE COLLEGE

    Expenses $283,559

  • PROGRAM SUPPORT SERVICE FOCUSED ON THE ADVANCEMENT OF DALTON STATE COLLEGE

    Expenses $493,597

As filed on the 2022 return.

Listed in Part VII

  • Margaret Venable

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Frederick H Howalt III

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • Murray Bandy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Barry Blevins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • G Robert Buchanan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Dan Combs

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • R Lynette Laughter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Sara C Pierce

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • John Shaheen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • C Kenneth White

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Mitch Sanford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Jamie Connors

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Jeff Clements

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • David Pennington IV

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • David Elrod

    EX-OFFICO TREASURER

    Total calculated
    $0
    Hours/week
    40

  • Josh Wilson

    EX-OFFICO SECRETARY

    Total calculated
    $0
    Hours/week
    40

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
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202333149349300613

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