Form 990 for tax year 2023
Filed by LURLEEN B WALLACE COMMUNITY COLLEGE.
Totals
- Total revenue
- $1,046,992
- Total expenses
- $477,886
- Contributions and grants received
- $334,545
- Grants paid
- $393,630
- Program service revenue
- $0
- Investment income
- $712,447
- Other revenue
- $0
- Total assets, end of year
- $7,209,456
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $7,209,456
- Program services expenses (Part IX)
- $393,630
- Management and general expenses
- $69,914
- Fundraising expenses
- $14,342
- Program service expenses (Part III)
- $393,630
Program services were 82.4% 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.
-
1c · Fundraising events
$36,012
-
1f · All other contributions, gifts and grants
$298,533
-
3 · Investment income
total $712,447 · related or exempt $712,447
-
8a · Fundraising events: contributions included on line 1c
$36,012
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $393,630 · program services $393,630
-
11c · Fees: accounting
total $6,450 · management and general $6,450
-
11g · Fees: other
total $77,564 · management and general $63,222 · fundraising $14,342
-
22 · Depreciation, depletion and amortization
total $242 · management and general $242
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $184,612 · end of year $188,658
-
2 · Savings and temporary cash investments
beginning of year $31,597 · end of year $41,737
-
3 · Pledges and grants receivable
beginning of year $84,600 · end of year $50,400
-
10a · Land, buildings and equipment: cost or other basis
$1,213
-
10b · Land, buildings and equipment: accumulated depreciation
$969
-
10c · Land, buildings and equipment, net
beginning of year $486 · end of year $244
-
11 · Investments: publicly traded securities
beginning of year $6,344,605 · end of year $6,928,417
-
17 · Accounts payable and accrued expenses
beginning of year $5,550
-
27 · Net assets without donor restrictions
beginning of year $3,788,592 · end of year $4,232,777
-
28 · Net assets with donor restrictions
beginning of year $2,851,758 · end of year $2,976,679
Mission and programs · 2023
Mission
Promote the study and teaching of all subjects that may be offered at LBW Community College, to receive contributions and funds which provide gifts of scholarships to the college for students who have been selected by the colleges committee(s).
-
As set forth in the Mission of the Foundation, its purposes are - generally - to facilitate the education opportunities of students of LBW Community College, through the provision of scholarship funds. This was accomplished during the report year through fund-raising activities, investment activities, and through the funding of scholarships, classroom grants, and institutional development funds.
Expenses $393,630 · Grants $179,626
As filed on the 2023 return.
Listed in Part VII
-
Donna Youmans
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Danielle Baker
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Kathy Presley
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Melinda Hall
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Michelle Gerlach
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Greg White
Ex-Officio member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Jean Thompson
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Glenn Cooper
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Melissa King
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Anna Till
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Reid Taylor
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Matt Herring
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Kevin Wilburn
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Justin Sightler
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Shannon Jackson
Immed Past President
- Total calculated
- $0
- Hours/week
- 0.5
-
Bert Champion
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Brock Kelley
Ex-Officio member
- Total calculated
- $0
- Hours/week
- 1
-
Corey Bryan
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Libby Cotter
Ex-Officio member
- Total calculated
- $0
- Hours/week
- 0.5
-
Wanda Woods
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
James Krudop
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Dave Crenshaw
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
David Anthony
Ex-Officio member
- Total calculated
- $0
- Hours/week
- 0.5
-
Evelyn Causey
President
- Total calculated
- $0
- Hours/week
- 2
-
Chrissie Duffy
Executive Director
- Total calculated
- $0
- Hours/week
- 10
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 cash amount reported
to further the academic mission of LBW
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413199349316151
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