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Nonprofiteer
← COPIAH-LINCOLN JUNIOR COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by COPIAH-LINCOLN JUNIOR COLLEGE FOUNDATION INC.

Totals

Total revenue
$1,839,537
Total expenses
$1,050,814
Contributions and grants received
$1,072,614
Grants paid
$0
Program service revenue
$0
Investment income
$766,923
Other revenue
$0
Total assets, end of year
$10,529,158
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,529,158
Program services expenses (Part IX)
$1,003,580
Management and general expenses
$47,234
Fundraising expenses
$0
Program service expenses (Part III)
$1,003,580

Program services were 95.5% 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

    $1,072,614

  • 1g · Noncash contributions included above

    $3,464

  • 3 · Investment income

    total $766,923 · related or exempt $766,923

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $9,286 · management and general $9,286

  • 11c · Fees: accounting

    total $11,600 · management and general $11,600

  • 12 · Advertising and promotion

    total $6,941 · program services $6,941

  • 13 · Office expenses

    total $20,445 · program services $5,107 · management and general $15,338

  • 17 · Travel

    total $1,827 · management and general $1,827

  • 19 · Conferences, conventions and meetings

    total $5,389 · management and general $5,389

  • 23 · Insurance

    total $3,794 · management and general $3,794

  • 24a · Other expenses: SCHOLARSHIPS

    total $471,239 · program services $471,239

  • 24b · Other expenses: ATHLETIC DEPT EXPENSES

    total $268,291 · program services $268,291

  • 24c · Other expenses: DIRECT SUPPORT TO COLLEGE

    total $158,366 · program services $158,366

  • 24d · Other expenses: SPECIAL EVENTS

    total $79,581 · program services $79,581

  • 24e · All other expenses

    total $14,055 · program services $14,055

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $457,979 · end of year $962,344

  • 3 · Pledges and grants receivable

    beginning of year $216,562 · end of year $216,559

  • 11 · Investments: publicly traded securities

    beginning of year $9,065,894 · end of year $9,350,255

  • 27 · Net assets without donor restrictions

    beginning of year $9,740,435 · end of year $10,529,158

Mission and programs · 2023

Mission

THE PURPOSE OF THE FOUNDATION IS TO OPERATE EXCLUSIVELY FOR EDUCATIONAL AND SCIENTIFIC PURPOSES AND TO PROMOTE AND ASSIST ALL FORMS OF EDUCATION AND RESEARCH AT COPIAH- LINCOLN COMMUNITY COLLEGE. THE FOUNDATION IS AN AUXILIARY ORGANIZATION OF THE COLLEGE WHICH ADMINISTERS SCHOLARSHIPS TO BOTH STUDENTS AND FACULTY MEMBERS AND RAISES FUNDS TO SUPPLEMENT DIFFERENT AREAS OF THE ENTIRE COLLEGE.

  • SCHOLARSHIPS TO STUDENTS AND FACULTY MEMBERS

    Expenses $564,875

  • DIRECT SUPPORT TO COLLEGE

    Expenses $426,657

  • OTHER

    Expenses $12,048

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles Hart

    TREASURER

    Total calculated
    $0
  • Sarah Johnson

    SECRETARY

    Total calculated
    $0
  • Angela Furr

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40
  • Lauren Adkins

    PRESIDENT

    Total calculated
    $0
  • Brad Jones

    VICE PRESIDE

    Total calculated
    $0

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
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521339349308527

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