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← BLUEGRASS COMMUNITY & TECHNICAL COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by BLUEGRASS COMMUNITY & TECHNICAL COLLEGE FOUNDATION INC.

Totals

Total revenue
$828,537
Total expenses
$406,371
Contributions and grants received
$800,972
Grants paid
$269,800
Program service revenue
$1,381
Investment income
$26,184
Other revenue
$0
Total assets, end of year
$2,320,209
Total liabilities, end of year
$60,331
Net assets or fund balances, end of year
$2,259,878
Program services expenses (Part IX)
$391,419
Management and general expenses
$10,295
Fundraising expenses
$4,657
Program service expenses (Part III)
$391,419

Program services were 96.3% 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.

  • 1e · Government grants (contributions)

    $50,183

  • 1f · All other contributions, gifts and grants

    $750,789

  • 2a · Program service revenue: THEATER INCOME

    total $1,381 · related or exempt $1,381

  • 3 · Investment income

    total $18,109 · excluded $18,109

  • 7a · Gross sales of assets other than inventory

    securities $691,024

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

    securities $682,949

  • 7c · Gain or loss

    securities $8,075

  • 7d · Net gain or loss

    total $8,075 · excluded $8,075

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $138,274 · program services $138,274

  • 2 · Grants to domestic individuals

    total $131,526 · program services $131,526

  • 12 · Advertising and promotion

    total $5,823 · program services $5,823

  • 13 · Office expenses

    total $960 · management and general $960

  • 16 · Occupancy

    total $10,025 · program services $10,025

  • 17 · Travel

    total $23,177 · program services $22,353 · management and general $282 · fundraising $542

  • 23 · Insurance

    total $2,249 · management and general $2,249

  • 24a · Other expenses: SUPPLIES

    total $43,983 · program services $42,003 · management and general $1,182 · fundraising $798

  • 24b · Other expenses: CONTRACT SERVICES

    total $24,305 · program services $24,305

  • 24c · Other expenses: MEALS

    total $11,630 · program services $8,989 · management and general $1,324 · fundraising $1,317

  • 24d · Other expenses: FEES

    total $6,711 · program services $4,696 · management and general $15 · fundraising $2,000

  • 24e · All other expenses

    total $7,708 · program services $3,425 · management and general $4,283

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $675,688 · end of year $744,237

  • 3 · Pledges and grants receivable

    beginning of year $1,702 · end of year $5,030

  • 4 · Accounts receivable

    beginning of year $7,624 · end of year $10,465

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,739 · end of year $5,705

  • 11 · Investments: publicly traded securities

    beginning of year $1,058,308 · end of year $1,554,772

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,515 · end of year $60,331

  • 27 · Net assets without donor restrictions

    beginning of year $73,571 · end of year $46,555

  • 28 · Net assets with donor restrictions

    beginning of year $1,637,975 · end of year $2,213,323

Mission and programs · 2022

Mission

TO SUPPORT THE MISSION OF THE BLUEGRASS COMMUNITY AND TECHNICAL COLLEGE BY STIMULATING VOLUNTARY FINANCIAL SUPPORT.

  • WINCHESTER/CLARK COUNTY DUAL CREDIT SCHOLARSHIPS - TO ENSURE THAT EVERY STUDENT REGARDLESS OF MEANS CAN TAKE ADVANTAGE OF DUAL CREDIT CLASSES WHILE IN HIGH SCHOOL, SCHOLARSHIPS ARE OFFERED TO MAKE THE CLASSES FREE. THIS ALLOWS HIGH SCHOOL STUDENTS TO GRADUATE WITH A TWO YEAR DEGREE SEVERAL WEEKS BEFORE RECEIVING THEIR HIGH SCHOOL DIPLOMA. BECAUSE OF THIS PROGRAM, STUDENTS ENTER A FOUR YEAR UNIVERSITY AS A JUNIOR AND CAN SAVE UP TO $40,000.

    Expenses $116,572 · Grants $116,572

  • THE OPERATION READ PROGRAM ALLOWS VOLUNTEERS TO TEACH INDIVIDUALS HOW TO SPEAK, READ, AND WRITE FLUENT ENGLISH. FUNDS PROVIDE VOLUNTEER SUPPORT IN THE FORM OF TRAINING AND MATERIALS TO USE WITH STUDENTS. CURRENT PARTICIPANTS ARE FROM ALL OVER THE WORLD AND MANY ARE REFUGEES FROM DEMOCRATIC REPUBLIC OF CONGO, BHUTAN, OR IRAQ.

    Expenses $39,933

  • THE LATINX FUND PROVIDES SUPPORT TO BCTC'S NATIONALLY RECOGNIZED LATINX AND IMMIGRANT SERVICES OFFICE TO PROVIDE SUMMER PROGRAMMING AND STUDENT SUPPORT FOR THE LAITNX LEADERSHIP AND COLLEGE EXPERIENCE CAMP. THE LLCEC PROVIDES AN IMMERSIVE COLLEGE EXPERIENCE PROGRAM THAT FOCUSES ON COLLEGE AND CAREER PLANNING, LEADERSHIP DEVELOPMENT, PROBLEM SOLVING, AND ARTS AND STEM EDUCATION THAT FOCUSES ON SOCIAL ISSUES IMPORTANT TO THE STUDENTS SERVED. THE LLCEC ALSO PROVIDE PARTICIPANTS WITH ONLINE WORKSHOPS AND MENTORING, SCHOLARSHIP PLANNING AND SUPPORT, AND REFERRALS TO LOCAL LEADERSHIP OPPORTUNITIES.

    Expenses $21,869

  • VARIOUS PROGRAMS OPERATED TO SUPPORT THE EXEMPT MISSION OF BLUEGRASS COMMUNITY AND TECHNICAL COLLEGE.

    Expenses $213,045 · Grants $153,228 · Revenue $1,381

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brenda Considine

    DEVELOPMENT

    Total calculated
    $0
    Hours/week
    1
  • Christian Hockensmith

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Claudia Goggin

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Connie Harvey

    CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    1
  • David Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Koffi Akakpo

    BCTC PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Florence Huffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jacobus Ockers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joe Arnold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Albright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Katy Neyhouse

    GOVERNANCE

    Total calculated
    $0
    Hours/week
    1
  • Mara Baybry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nancy Fulks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Richard Webb

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Ron L Walker Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ronald Fentress

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Suniti Mujumdar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • William Simpson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • W Mark Manuel

    EXECUTIVE DIRECTOR

    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

  • BLUEGRASS COMMUNITY AND TECHNICAL COLLEGE

    $138,274

    CONTINUED OPERATIONS OF COLLEGE

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • BLUEGRASS COMMUNITY AND TECHNICAL C

    501(C)(3) · COLLEGE · KY

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2024
IRS schema version
2022v5.0
Source object
202411229349302806

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