Form 990 for tax year 2022
Filed by SOUTHERN REGIONAL TECHNICAL COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $940,552
- Total expenses
- $969,978
- Contributions and grants received
- $914,214
- Grants paid
- $826,458
- Program service revenue
- $0
- Investment income
- $26,338
- Other revenue
- $0
- Total assets, end of year
- $2,714,218
- Total liabilities, end of year
- $601,590
- Net assets or fund balances, end of year
- $2,112,628
- Program services expenses (Part IX)
- $831,150
- Management and general expenses
- $79,056
- Fundraising expenses
- $59,772
- Program service expenses (Part III)
- $831,150
Program services were 85.7% 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.
-
1e · Government grants (contributions)
$274,138
-
1f · All other contributions, gifts and grants
$640,076
-
3 · Investment income
total $26,338 · related or exempt $26,338
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $489,326 · program services $489,326
-
2 · Grants to domestic individuals
total $337,132 · program services $337,132
-
11c · Fees: accounting
total $8,670 · management and general $8,670
-
11f · Fees: investment management
total $4,692 · program services $4,692
-
11g · Fees: other
total $59,772 · fundraising $59,772
-
13 · Office expenses
total $1,544 · management and general $1,544
-
14 · Information technology
total $9,173 · management and general $9,173
-
17 · Travel
total $2,467 · management and general $2,467
-
20 · Interest
total $25,346 · management and general $25,346
-
22 · Depreciation, depletion and amortization
total $13,527 · management and general $13,527
-
23 · Insurance
total $1,272 · management and general $1,272
-
24a · Other expenses: INFO LUNCHES
total $7,899 · management and general $7,899
-
24b · Other expenses: DONATIONS
total $5,474 · management and general $5,474
-
24c · Other expenses: MISCELLANEOUS
total $3,407 · management and general $3,407
-
24d · Other expenses: BANK CHARGES
total $277 · management and general $277
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $466,027 · end of year $529,728
-
2 · Savings and temporary cash investments
beginning of year $106,816 · end of year $7,601
-
3 · Pledges and grants receivable
beginning of year $53,280 · end of year $58,514
-
10a · Land, buildings and equipment: cost or other basis
$1,127,820
-
10b · Land, buildings and equipment: accumulated depreciation
$100,684
-
10c · Land, buildings and equipment, net
beginning of year $1,040,662 · end of year $1,027,136
-
11 · Investments: publicly traded securities
beginning of year $852,579 · end of year $920,238
-
12 · Investments: other securities
beginning of year $159,221 · end of year $171,001
-
23 · Secured mortgages and notes payable
beginning of year $537,420 · end of year $517,621
-
25 · Other liabilities
beginning of year $58,041 · end of year $83,969
-
27 · Net assets without donor restrictions
beginning of year $550,354 · end of year $623,923
-
28 · Net assets with donor restrictions
beginning of year $1,532,770 · end of year $1,488,705
Mission and programs · 2022
Mission
THE SOUTHERN REGIONAL TECHNICAL COLLEGE FOUNDATION IS A NONPROFIT CORPORATION WHO STRIVES TO PROMOTE THE CAUSE OF HIGHER EDUCATION AND EXPAND EDUCATIONAL OPPORTUNITIES TO THE STUDENTS OF SOUTHERN REGIONAL TECHNICAL COLLEGE. THE FOUNDATION ENDEAVORS TO CREATE SCHOLARSHIPS AND ENDOWMENTS, ASSIST IN THE FINANCING OF CAPITAL IMPROVEMENTS AND PROMOTE PROGRAMS THAT PROVIDE THE STUDENTS OF SOUTH GEORGIA WITH STATE-OF-THE-ART EQUIPMENT AND FACILITIES.
Activities or mission (Part I)
TO PROMOTE THE CAUSE OF HIGHER EDUCATION AND EXPAND EDUCATIONAL OPPORTUNITIES TO THE STUDENTS OF SOUTHERN REGIONAL TECHNICAL COLLEGE.
-
UNDESIGNATED FUNDING INCLUDING ENDOWMENTS PROVIDES A MEANS TO FUND OTHER EXPENDITURES NOT ELIGIBLE FOR STATE FUNDING, WHICH ALLOWS THE TECHNICAL COLLEGE TO ENHANCE THE PROGRAMS AND SERVICES AVAILABLE TO STUDENTS, INCLUDING: EQUIPMENT AND TECHNOLOGY NEEDS, LIBRARY PURCHASES, STUDENT SUCCESS PROGRAMS AND SERVICES, AND MANY OTHER AREAS OF NEED.
Expenses $274,326 · Grants $274,326
-
SCHOLARSHIP DEVELOPMENT PROVIDES ELIGIBLE STUDENTS FINANCIAL AID IN ORDER TO COMPLETE THEIR EDUCATIONAL GOALS, CREATING SCHOLARSHIP OPPORTUNITIES TO ATTRACT NEW STUDENTS, RETAIN EXISTING STUDENTS,AND REWARD THOSE WHO EXCEL IN THEIR PROGRAMS OF STUDY.
Expenses $341,824 · Grants $337,132
-
THE FOUNDATION A.S.N. PROGRAM PROVIDES SIGNIFICANT SUPPORT TO THE COLLEGE'S A.S.N. PROGRAM. THE FOUNDATION'S A.S.N. PROGRAM PROVIDES NECESSARY EDUCATIONAL RESOURCES AND TRAINING FOR STUDENTS WHO SEEK TO BECOME NURSES.
Expenses $215,000 · Grants $215,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rebecca ClineREBECCA CLINE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark CobbMARK COBB
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jason HarpeJASON HARPE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Janet LilesJANET LILES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tommy PatelTOMMY PATEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robby PittsROBBY PITTS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Bo RosserBO ROSSER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tim SmithTIM SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joel DuqueJOEL DUQUE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bob SwadelBOB SWADEL
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Emily WatsonEMILY WATSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jim GlassJIM GLASS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0 + 40 related
-
Amy MaisonAMY MAISON
VP INSTITUTIONAL ADVANCEMENT
- Total calculated
- $0
- Hours/week
- 0 + 40 related
-
Christina ReneauCHRISTINA RENEAU
DIRECTOR INSTITUTIONAL ADVANCEMENT
- Total calculated
- $0
- Hours/week
- 0 + 40 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.
Grants on this return
-
SOUTHERN REGIONAL TECHICAL COLLEGE
$274,138
PROVIDE SUPPORT FOR SRTC PROGRAMS
-
SOUTHERN REGIONAL TECHICAL COLLEGE
$215,000
RN PROGRAM DEVELOPMENT
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.
-
SOUTHERN REGIONAL TECHNICAL COLLEGE
170(B)(1)(A) · TECHNICAL EDUCATION · GA
Directly controlled by TECHNICAL COLLEGE SYSTEM OF GEORGIA (TCSG)
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 June 2025
- IRS schema version
- 2022v5.0
- Source object
- 202531539349300708
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