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← HAZARD INDEPENDENT COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by HAZARD INDEPENDENT COLLEGE FOUNDATION.

Totals

Total revenue
$1,081,824
Total expenses
$518,576
Contributions and grants received
$1,068,140
Grants paid
$514,818
Program service revenue
$0
Investment income
$1,961
Other revenue
$11,723
Total assets, end of year
$1,001,015
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,001,015
Program services expenses (Part IX)
$518,576
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$518,576

Program services were 100.0% 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

    $1,068,140

  • 3 · Investment income

    total $1,961 · related or exempt $1,961

  • 8a · Fundraising events: gross income

    $22,450

  • 8b · Fundraising events: direct expenses

    $11,186

  • 8c · Net income from fundraising events

    total $11,264 · excluded $11,264

  • 11a · Other revenue: MISC REVENUE

    total $459 · related or exempt $459

  • 11e · Other revenue, total

    $459

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $504,814 · program services $504,814

  • 2 · Grants to domestic individuals

    total $10,004 · program services $10,004

  • 11c · Fees: accounting

    total $625 · program services $625

  • 13 · Office expenses

    total $382 · program services $382

  • 20 · Interest

    total $7 · program services $7

  • 24a · Other expenses: BOARD MEETING EXPENSE

    total $608 · program services $608

  • 24b · Other expenses: SUPPLIES

    total $2,038 · program services $2,038

  • 24e · All other expenses

    total $98 · program services $98

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $300,069 · end of year $863,318

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

    $56,850

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

    $56,849

  • 10c · Land, buildings and equipment, net

    end of year $1

  • 11 · Investments: publicly traded securities

    beginning of year $124,256 · end of year $137,696

  • 27 · Net assets without donor restrictions

    beginning of year $424,325 · end of year $1,001,015

Mission and programs · 2023

Mission

PROVIDING FUNDING TO SUPPORT HAZARD COMMUNITY COLLEGE

  • PROVIDE FUNDING TO SUPPORT HAZARD COMMUNITY COLLEGE

    Expenses $518,576

As filed on the 2023 return.

Listed in Part VII

  • Derrick Bowling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Fred Brashear

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Charlene Miller

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Scott Alexander

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Betsy Clemons

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Mike Lasslo

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Carla Seals

    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 itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349311658

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