Form 990 for tax year 2023
Filed by CLEVELAND COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $1,675,406
- Total expenses
- $723,914
- Contributions and grants received
- $1,535,320
- Grants paid
- $160,676
- Program service revenue
- $0
- Investment income
- $123,925
- Other revenue
- $16,161
- Total assets, end of year
- $4,687,873
- Total liabilities, end of year
- $1,152,448
- Net assets or fund balances, end of year
- $3,535,425
- Program services expenses (Part IX)
- $508,592
- Management and general expenses
- $178,577
- Fundraising expenses
- $36,745
- Program service expenses (Part III)
- $508,592
Program services were 70.3% 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.
-
1c · Fundraising events
$21,048
-
1f · All other contributions, gifts and grants
$1,514,272
-
1g · Noncash contributions included above
$40,342
-
3 · Investment income
total $123,925 · excluded $123,925
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$35,848
-
8a · Fundraising events: contributions included on line 1c
$21,048
-
8b · Fundraising events: direct expenses
$21,047
-
8c · Net income from fundraising events
total $14,801
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Income
total $1,360 · related or exempt $1,360
-
11e · Other revenue, total
$1,360
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $160,676 · program services $160,676
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $27,636 · management and general $27,636
-
11g · Fees: other
total $29,992 · management and general $29,992
-
12 · Advertising and promotion
total $13,440 · fundraising $13,440
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $599 · fundraising $599
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,632 · management and general $3,632
-
23 · Insurance
total $4,846 · management and general $4,846
-
24a · Other expenses: College - Grant Expenses
total $332,165 · program services $332,165
-
24b · Other expenses: All Other Expenses
total $84,989 · program services $4,522 · management and general $80,467
-
24c · Other expenses: Software
total $30,592 · management and general $15,296 · fundraising $15,296
-
24d · Other expenses: Printing and Publications
total $15,940 · program services $4,908 · management and general $3,622 · fundraising $7,410
-
24e · All other expenses
total $19,407 · program services $6,321 · management and general $13,086
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $378,212 · end of year $390,251
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $48,776 · end of year $74,783
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$165,775
-
10b · Land, buildings and equipment: accumulated depreciation
$3,632
-
10c · Land, buildings and equipment, net
beginning of year $165,775 · end of year $162,143
-
11 · Investments: publicly traded securities
beginning of year $3,110,541 · end of year $4,060,696
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $7,899 · end of year $1,266
-
23 · Secured mortgages and notes payable
beginning of year $380,000 · end of year $190,000
-
25 · Other liabilities
beginning of year $878,919 · end of year $961,182
-
27 · Net assets without donor restrictions
beginning of year $674,175 · end of year $654,964
-
28 · Net assets with donor restrictions
beginning of year $1,762,311 · end of year $2,880,461
Mission and programs · 2023
Mission
A conduit for public contributions and other fund-raising activities which benefit programs at Cleveland Community College
-
The Cleveland Community College Foundation serves as a conduit for public contributions and other fund-raising activities which benefit programs at Cleveland Community College.
Expenses $508,592 · Grants $160,676 · Revenue $2,030,337
As filed on the 2023 return.
Listed in Part VII
-
Steve Padgett
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Chad Beam
Director
- Total calculated
- $0
- Hours/week
- 1
-
Earl Lutz
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lauren Massey-Williams DDS
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Jamey Davis
Director
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Greene
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marie Brinkley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Myra McGinnis
Director
- Total calculated
- $0
- Hours/week
- 1
-
Heather Stevens
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brad Cornwell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tony Fogleman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jackson Martin
Director
- Total calculated
- $0
- Hours/week
- 1
-
April Corder
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Bill Turpish
Ex-Officio
- Total calculated
- $0
- Hours/week
- 1
-
Stephen Matheny
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Dr Jason Hurst
Ex-Officio
- Total calculated
- $0
- Hours/week
- 1
-
Mary Carlson
Executive Dir.
- Total calculated
- $0
- Hours/week
- 40
-
Bruce Cole
Treasurer
- Total calculated
- $0
- Hours/week
- 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.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443239349300429
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