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← COMMUNITY & TECHNICAL COLLEGE FOUNDATION OF ASHLAND INC

Form 990 for tax year 2023

Filed by COMMUNITY & TECHNICAL COLLEGE FOUNDATION OF ASHLAND INC.

Totals

Total revenue
$432,079
Total expenses
$684,912
Contributions and grants received
$342,474
Grants paid
$302,598
Program service revenue
$0
Investment income
$45,641
Other revenue
$43,964
Total assets, end of year
$11,214,845
Total liabilities, end of year
$313,405
Net assets or fund balances, end of year
$10,901,440
Program services expenses (Part IX)
$548,923
Management and general expenses
$135,989
Fundraising expenses
$0
Program service expenses (Part III)
$548,923

Program services were 80.1% 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

    $342,474

  • 3 · Investment income

    total $39,662 · excluded $39,662

  • 6a · Gross rents

    real property $22,800

  • 6c · Rental income or loss

    real property $22,800

  • 6d · Net rental income or loss

    total $22,800 · related or exempt $22,800

  • 7a · Gross sales of assets other than inventory

    securities $308,818

  • 7b · Less cost or other basis and sales expenses

    securities $302,839

  • 7c · Gain or loss

    securities $5,979

  • 7d · Net gain or loss

    total $5,979 · excluded $5,979

  • 11a · Other revenue: OTHER REVENUE

    total $21,164 · related or exempt $21,164

  • 11e · Other revenue, total

    $21,164

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $302,598 · program services $302,598

  • 11c · Fees: accounting

    total $9,000 · management and general $9,000

  • 16 · Occupancy

    total $67,084 · management and general $67,084

  • 22 · Depreciation, depletion and amortization

    total $30,800 · management and general $30,800

  • 24a · Other expenses: OTHER COLLEGE SUPPORT

    total $246,325 · program services $246,325

  • 24b · Other expenses: OTHER

    total $15,047 · management and general $15,047

  • 24c · Other expenses: HILLCREST EXPENSE

    total $14,058 · management and general $14,058

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $680,637 · end of year $717,551

  • 3 · Pledges and grants receivable

    beginning of year $5,067 · end of year $3,523

  • 4 · Accounts receivable

    beginning of year $1,933 · end of year $5,578

  • 10a · Land, buildings and equipment: cost or other basis

    $923,992

  • 10b · Land, buildings and equipment: accumulated depreciation

    $402,563

  • 10c · Land, buildings and equipment, net

    beginning of year $552,229 · end of year $521,429

  • 12 · Investments: other securities

    beginning of year $8,782,476 · end of year $9,966,764

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,017 · end of year $62,386

  • 23 · Secured mortgages and notes payable

    beginning of year $263,562 · end of year $251,019

  • 27 · Net assets without donor restrictions

    beginning of year $65,947 · end of year $53,181

  • 28 · Net assets with donor restrictions

    beginning of year $9,628,816 · end of year $10,848,259

Mission and programs · 2023

Mission

THE PURPOSE OF THE FOUNDATION IS TO SUPPORT THE EDUCATIONAL PROGRAMS AND SERVICES OF THE ASHLAND COMMUNITY AND TECHNICAL SOLLEGE AND TO PROMOTE AWARENESS OF THE COLLEGE FOR THE BENEFIT OF ITS STUDENT BODY AND ALUMNI.

Activities or mission (Part I)

TO SUPPORT THE EDUCATIONAL PROGRAMS AND SERVICES OF THE ASHLAND COMMUNITY AND TECHNICAL COLLEGE AND TO PROMOTE AWARENESS OF THE COLLEGE.

  • ASHLAND COMMUNITY AND TECHNICAL COLLEGE SCHOLARSHIPS AND SUPPORT OF EDUCATIONAL PROGRAMS.

    Expenses $548,923 · Grants $302,598

As filed on the 2023 return.

Listed in Part VII

  • JENNIFER ALLEN

    ACTC STAFF R

    Total calculated
    $0

  • TERRY FYFFE

    TREASURER

    Total calculated
    $0

  • DR LARRY FERGUSON

    DIRECTOR

    Total calculated
    $0

  • MARY CAT FLATH

    ACTC FACULTY

    Total calculated
    $0

  • MICHAEL HOBBS

    SECRETARY

    Total calculated
    $0

  • ANDREW JONES

    DIRECTOR

    Total calculated
    $0

  • JOHN STEWART JR

    PRESIDENT

    Total calculated
    $0

  • CAROL KELLEY

    DIRECTOR

    Total calculated
    $0

  • LANCE MCCOMIS

    DIRECTOR

    Total calculated
    $0

  • PAMELA H POTTER

    DIRECTOR

    Total calculated
    $0

  • ANN PERKINS

    VICE PRESIDE

    Total calculated
    $0

  • MARY KAY MCGINNIS RUARK

    DIRECTOR

    Total calculated
    $0

  • BROOKE SEASOR

    DIRECTOR

    Total calculated
    $0

  • BRUCE SHAFFER

    DIRECTOR

    Total calculated
    $0

  • KIM MINNEHAN

    RESOURCE DEV

    Total calculated
    $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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
31 December 2024
IRS schema version
2023v6.0
Source object
202510169349301231

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