Form 990 for tax year 2024
Filed by HOWARD COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC.
Totals
- Total revenue
- $6,722,043
- Total expenses
- $2,729,547
- Contributions and grants received
- $5,513,229
- Grants paid
- $2,575,240
- Program service revenue
- $0
- Investment income
- $1,324,992
- Other revenue
- -$116,178
- Total assets, end of year
- $25,881,221
- Total liabilities, end of year
- $728,185
- Net assets or fund balances, end of year
- $25,153,036
- Program services expenses (Part IX)
- $2,575,240
- Management and general expenses
- $154,307
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,575,240
Program services were 94.3% 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
$479,229
-
1f · All other contributions, gifts and grants
$5,034,000
-
1g · Noncash contributions included above
$189,170
-
3 · Investment income
total $545,889 · excluded $545,889
-
7a · Gross sales of assets other than inventory
securities $4,743,028
-
7b · Less cost or other basis and sales expenses
securities $3,963,925
-
7c · Gain or loss
securities $779,103
-
7d · Net gain or loss
total $779,103 · excluded $779,103
-
8a · Fundraising events: gross income
$56,655
-
8a · Fundraising events: contributions included on line 1c
$479,229
-
8b · Fundraising events: direct expenses
$172,833
-
8c · Net income from fundraising events
total -$116,178 · excluded -$116,178
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,575,240 · program services $2,575,240
-
11f · Fees: investment management
total $92,686 · management and general $92,686
-
11g · Fees: other
total $33,616 · management and general $33,616
-
12 · Advertising and promotion
total $11 · management and general $11
-
13 · Office expenses
total $2,864 · management and general $2,864
-
19 · Conferences, conventions and meetings
total $2,105 · management and general $2,105
-
23 · Insurance
total $3,365 · management and general $3,365
-
24a · Other expenses: BANK & CREDIT CARD FEES
total $9,660 · management and general $9,660
-
24b · Other expenses: BAD DEBT EXPENSE
total $9,000 · management and general $9,000
-
24e · All other expenses
total $1,000 · management and general $1,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $92,150 · end of year $290,393
-
2 · Savings and temporary cash investments
beginning of year $1,339,585 · end of year $1,594,876
-
3 · Pledges and grants receivable
beginning of year $1,651,087 · end of year $1,285,472
-
9 · Prepaid expenses and deferred charges
beginning of year $27,050 · end of year $38,246
-
11 · Investments: publicly traded securities
beginning of year $17,021,857 · end of year $22,510,609
-
12 · Investments: other securities
beginning of year $147,625 · end of year $161,625
-
17 · Accounts payable and accrued expenses
beginning of year $1,071 · end of year $21,748
-
19 · Deferred revenue
beginning of year $99,451 · end of year $60,745
-
25 · Other liabilities
beginning of year $120,283 · end of year $645,692
-
27 · Net assets without donor restrictions
beginning of year $1,620,508 · end of year $1,916,693
-
28 · Net assets with donor restrictions
beginning of year $18,438,041 · end of year $23,236,343
Mission and programs · 2024
Mission
THE MISSION OF THE HOWARD COMMUNITY COLLEGE EDUCATION FOUNDATION, INC. IS TO IMPROVE LIVES AND CREATE OPPORTUNITIES BY FUNDING PATHWAYS TO STUDENT SUCCESS AT HOWARD COMMUNITY COLLEGE. AS COMPARATIVELY AFFORDABLE AS HOWARD COMMUNITY COLLEGE IS, NEARLY HALF OF ALL STUDENTS RECEIVE SOME FORM OF FINANCIAL ASSISTANCE. SCHOLARSHIPS ALONG WITH FINANCIAL SUPPORT FOR PROGRAMS ALLOW STUDENTS TO REACH THEIR EDUCATIONAL GOALS.
Activities or mission (Part I)
SUPPORTING STUDENT SUCCESS AT HOWARD COMMUNITY COLLEGE. SEE SCHEDULE O.SUPPORTING STUDENT SUCCESS AT HOWARD COMMUNITY COLLEGE BY CREATING OPPORTUNITIES FOR STUDENTS BY FUNDING PATHWAYS TO SUCCESS. EDUCATION CAN BE THE KEY TO A BETTER CAREER AND A BRIGHTER FUTURE, BUT NEARLY HALF OF ALL STUDENTS AT HOWARD COMMUNITY COLLEGE NEED SOME FORM OF FINANCIAL ASSESTANCE. THROUGH COMMUNITY PARTNERSHIPS AND INDIVIDUAL SUPPORT, THE HOWARD COMMUNITY COLLEGE EDUCATIONAL FOUNDATION PROVIDES CRITICALLY IMPORTANT SCHOLARSHIPS AND SERVICE TO HELP STUDENTS REALIZE THEIR EDUCATIONAL GOALS. ALL DONATIONS TO THE HOWARD COMMUNITY COLLEGE EDUCATIONAL FOUNDATION GO DIRECTLY TOWARD STUDENT SCHOLARSHIPS, ACADEMIC PROGRAMS, OR ESSENTIAL STUDENT SERVICES.
-
EACH YEAR THE FOUNDATION FUNDS PROGRAMS FOR THE BENEFIT OF HOWARD COMMUNITY COLLEGE AND ITS FACULTY AND STUDENTS.
Expenses $1,475,690 · Grants $1,475,690
-
EACH YEAR THE FOUNDATION FUNDS SCHOLARSHIPS AWARDED BY HOWARD COMMUNITY COLLEGE.
Expenses $1,099,550 · Grants $1,099,550
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
BOYD RUTHERFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DR CARL PERKINS
TRUST LIAISON
- Total calculated
- $0
- Hours/week
- 1
-
LISA OLIVIERI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
YVONNE MRHA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MI JI KIM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
NICK BARRICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
TIM BANKS
FACULTY LIAISON
- Total calculated
- $0
- Hours/week
- 1
-
ANGELA WILLIAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
TOM TUCKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CLARICE SOMERSALL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
TRISH SCHNEIDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ERIC REGELIN
BOARD MEMBER - ACTIVE UNTIL 11/20/24
- Total calculated
- $0
- Hours/week
- 1
-
CASSANDRA OKECHUKWU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
LISA NUGENT
BOARD MEMBER - ACTIVE UNTIL 12/24/24
- Total calculated
- $0
- Hours/week
- 1
-
DAVID KAY
BOARD MEMBER - ACTIVE UNTIL 7/31/24
- Total calculated
- $0
- Hours/week
- 1
-
ERIC HENLON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CHRIS GALLANT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ELYSE DEVRIES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
U MICHAEL CURRIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
GULNAZ ANWAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SEAN HOUGH
TREASURER-FINANCE
- Total calculated
- $0
- Hours/week
- 1
-
BOB HOGUE
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
PAUL GLEICHAUF
IMMEDIATE PAST CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
ALISON CANNING
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
GINA SIMOWITZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BEN VAUGHN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ANNE JOHNSON
EXECUTIVE DIRECTOR
- Total calculated
- $218,978
- From this org
- $0
- From related orgs
- $171,492
- Other
- $47,486
- Hours/week
- 40 + 20 related
Schedule J breakdown matched by us
- Base
- $0 + $171,492 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $23,750 related
- Nontaxable benefits
- $0 + $23,736 related
- Filer's total
- $0 + $218,978 related
-
DARIA WILLIS
SECRETARY
- Total calculated
- $405,568
- From this org
- $0
- From related orgs
- $353,832
- Other
- $51,736
- Hours/week
- 10 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $353,832 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $22,300 related
- Nontaxable benefits
- $0 + $29,436 related
- Filer's total
- $0 + $405,568 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
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
-
$2,575,240
PROGRAM AND SCHOLARSHIP SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 22 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202610269349301461
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