Form 990 for tax year 2024
Filed by SOWELA TECHNICAL COMMUNITY COLLEGE FOUNDATION.
Totals
- Total revenue
- $3,616,603
- Total expenses
- $2,986,080
- Contributions and grants received
- $3,197,996
- Grants paid
- $2,769,316
- Program service revenue
- $0
- Investment income
- $176,439
- Other revenue
- $242,168
- Total assets, end of year
- $6,834,717
- Total liabilities, end of year
- $3,087,367
- Net assets or fund balances, end of year
- $3,747,350
- Program services expenses (Part IX)
- $2,804,621
- Management and general expenses
- $180,922
- Fundraising expenses
- $537
- Program service expenses (Part III)
- $2,804,621
Program services were 93.9% 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
$3,197,996
-
3 · Investment income
total $176,439 · related or exempt $176,439
-
8a · Fundraising events: gross income
$120,252
-
8b · Fundraising events: direct expenses
$34,192
-
8c · Net income from fundraising events
total $86,060
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $156,108 · related or exempt $156,108
-
11e · Other revenue, total
$156,108
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,769,316 · program services $2,769,316
-
11c · Fees: accounting
total $13,200 · management and general $13,200
-
11f · Fees: investment management
total $2,031 · management and general $2,031
-
13 · Office expenses
total $146,422 · management and general $146,422
-
14 · Information technology
total $17,403 · management and general $17,403
-
19 · Conferences, conventions and meetings
total $1,866 · management and general $1,866
-
24a · Other expenses: GENERAL COLLEGE SUPPORT
total $35,305 · program services $35,305
-
24b · Other expenses: FUNDRAISING
total $537 · fundraising $537
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,127,663 · end of year $2,548,056
-
3 · Pledges and grants receivable
beginning of year $76,134 · end of year $50,710
-
4 · Accounts receivable
beginning of year -$4,656 · end of year $7,048
-
9 · Prepaid expenses and deferred charges
beginning of year $14,319 · end of year $23,188
-
10a · Land, buildings and equipment: cost or other basis
$92,554
-
10b · Land, buildings and equipment: accumulated depreciation
$92,554
-
11 · Investments: publicly traded securities
beginning of year $3,874,013 · end of year $4,205,715
-
17 · Accounts payable and accrued expenses
beginning of year $5,123 · end of year $7,430
-
21 · Escrow or custodial account liability
beginning of year $1,838,312 · end of year $2,057,828
-
25 · Other liabilities
beginning of year $127,211 · end of year $1,022,109
-
27 · Net assets without donor restrictions
beginning of year $301,975 · end of year $452,442
-
28 · Net assets with donor restrictions
beginning of year $2,814,852 · end of year $3,294,908
Mission and programs · 2024
Mission
ENSURING EDUCATIONAL EXCELLENCE AT SOWELA TECHNICAL COMMUNITY COLLEGE BY PROVIDING SCHOLARSHIPS, ACTIVITIES IN RESEARCH, OR OTHER DESIGNATED BENEFITS FOR THE COLLEGE AND ITS FACULTY, STAFF, AND STUDENTS.
-
THE GRANTS PROVIDE RESOURCES TO THE SOWELA TECHNICAL COMMUNITY COLLEGE FOR STUDENT SCHOLARSHIPS, FACULTY AND PROGRAM SUPPORT, AND CAPITAL PROJECTS.
Expenses $2,804,621 · Grants $2,769,316
-
THE GRANTS PROVIDE RESOURCES TO THE SOWELA TECHNICAL COMMUNITY COLLEGE FOR STUDENT SCHOLARSHIPS, FACULTY AND PROGRAM SUPPORT, AND CAPITAL PROJECTS.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Daniel FrickDANIEL FRICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Todd ClemonsTODD CLEMONS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Elizabeth McLaughlinELIZABETH MCLAUGHLIN
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Taylor Finchum AlexanderTAYLOR FINCHUM ALEXANDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michelle GuidryMICHELLE GUIDRY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Hardtner KlumppHARDTNER KLUMPP
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Rebecca BoniolREBECCA BONIOL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kevin McCarthyKEVIN MCCARTHY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Barry BrownBARRY BROWN
BAORD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kyle EdmistonKYLE EDMISTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Daniel HallDANIEL HALL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Field LamotteFIELD LAMOTTE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ronald RichardRONALD RICHARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Karen Hardy McReynoldsKAREN HARDY MCREYNOLDS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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
-
SOWELA TECHNICAL COMMUNITY COLLEGE
$2,769,316
COLLEGE SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202543179349310739
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