Form 990 for tax year 2024

Filed by HINDS COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue: $16,620,212
Total expenses: $2,684,895
Contributions and grants received: $16,310,147
Grants paid: $1,830,191
Program service revenue: $0
Investment income: $545,315
Other revenue: -$235,250
Total assets, end of year: $37,754,329
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $37,754,329
Program services expenses (Part IX): $2,413,033
Management and general expenses: $221,811
Fundraising expenses: $50,051
Program service expenses (Part III): $2,413,033

Program services were 89.9% 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

$16,310,147
1g · Noncash contributions included above

$30,392
3 · Investment income

total $1,142,436 · excluded $1,142,436
6a · Gross rents

real property $715,927
6b · Less rental expenses

real property $951,177
6c · Rental income or loss

real property -$235,250
6d · Net rental income or loss

total -$235,250 · excluded -$235,250
7a · Gross sales of assets other than inventory

securities $5,420,819
7b · Less cost or other basis and sales expenses

securities $5,177,731 · other assets $840,209
7c · Gain or loss

securities $243,088 · other assets -$840,209
7d · Net gain or loss

total -$597,121 · related or exempt -$597,121

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $1,830,191 · program services $1,830,191
7 · Other salaries and wages

total $202 · management and general $202
11c · Fees: accounting

total $39,435 · management and general $39,435
11f · Fees: investment management

total $104,944 · program services $104,944
11g · Fees: other

total $120,803 · management and general $120,803
24a · Other expenses: ATHLETICS

total $302,007 · program services $302,007
24b · Other expenses: COLLEGE DEPARTMENTS & ORG

total $96,747 · program services $78,731 · fundraising $18,016
24c · Other expenses: MISCELLANEOUS

total $60,709 · management and general $60,574 · fundraising $135
24d · Other expenses: FACULTY & STAFF DEVELOPME

total $44,961 · program services $44,961
24e · All other expenses

total $84,896 · program services $52,199 · management and general $797 · fundraising $31,900

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $5,650,918 · end of year $4,570,805
4 · Accounts receivable

beginning of year $158,106
7 · Other notes and loans receivable

end of year $30,000
10a · Land, buildings and equipment: cost or other basis

$13,122,914
10b · Land, buildings and equipment: accumulated depreciation

$3,856,317
10c · Land, buildings and equipment, net

beginning of year $9,899,770 · end of year $9,266,597
12 · Investments: other securities

beginning of year $19,286,406 · end of year $23,886,927
14 · Intangible assets

beginning of year $871,645
23 · Secured mortgages and notes payable

beginning of year $13,880,000
27 · Net assets without donor restrictions

beginning of year $971,337 · end of year $1,239,085
28 · Net assets with donor restrictions

beginning of year $21,015,508 · end of year $36,515,244

Mission and programs · 2024

Mission

PROVIDES SCHOLARSHIPS AND GRANTS TO DESERVING STUDENTS FOR THE PURPOSES OF HIGHER EDUCATION AT HINDS COMMUNITY COLLEGE.

Activities or mission (Part I)

THE FOUNDATION RECEIVES FUNDS TO PROVIDE THE FOLLOWING: (1) SCHOLARSHIPS, (2) FACULTY/STAFF DEVELOPMENT, AND (3) NEW LEARNING OPPORTUNITIES.

SCHOLARSHIPS TO STUDENTS

Expenses $1,902,287 · Grants $1,797,343
ALLOCATION FOR GRANTS

Expenses $32,848 · Grants $32,848
ALLOCATIONS FOR COLLEGE ORGANIZATIONS AND DEPARTMENTS

Expenses $78,731
OTHER

Expenses $399,167

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Brad BanesBRAD BANES

VICE CHAIRMA

Total calculated

$0
Russell BozemanRUSSELL BOZEMAN

BOARD MEMBER

Total calculated

$0
Clint BriggsCLINT BRIGGS

BOARD MEMBER

Total calculated

$0
Brad BurlesonBRAD BURLESON

BOARD MEMBER

Total calculated

$0
Ken CoomesKEN COOMES

BOARD MEMBER

Total calculated

$0
Landon CorkrenLANDON CORKREN

BOARD MEMBER

Total calculated

$0
Pate DemuthPATE DEMUTH

BOARD MEMBER

Total calculated

$0
Greg DurrellGREG DURRELL

BOARD MEMBER

Total calculated

$0
Jane FlowersJANE FLOWERS

BOARD MEMBER

Total calculated

$0
Rep Stephanie FosterREP STEPHANIE FOSTER

BOARD MEMBER

Total calculated

$0
Dr Lauren FreemanDR LAUREN FREEMAN

BOARD MEMBER

Total calculated

$0
Kendall GarrawayKENDALL GARRAWAY

BOARD MEMBER

Total calculated

$0
Randall HarrisRANDALL HARRIS

BOARD MEMBER

Total calculated

$0
Matthew JonesMATTHEW JONES

EXECUTIVE DI

Total calculated

$0
Dr Ryn LasterDR RYN LASTER

BOARD MEMBER

Total calculated

$0
Dr Billy MoreheadDR BILLY MOREHEAD

BOARD MEMBER

Total calculated

$0
Misti MunroeMISTI MUNROE

SECRETARY/TR

Total calculated

$0
Nick OlierNICK OLIER

BOARD MEMBER

Total calculated

$0
Victor ParkerVICTOR PARKER

COLLEGE VP O

Total calculated

$0
Ben PiazzaBEN PIAZZA

BOARD MEMBER

Total calculated

$0
John RobinsonJOHN ROBINSON

BOARD MEMBER

Total calculated

$0
Mitsi TigrettMITSI TIGRETT

BOARD MEMBER

Total calculated

$0
Dr Stephen VacikDR STEPHEN VACIK

COLLEGE PRES

Total calculated

$0
Rick WhiteRICK WHITE

CHAIRMAN

Total calculated

$0
Tim WilliamsTIM WILLIAMS

BOARD MEMBER

Total calculated

$0
Kristen WindhamKRISTEN WINDHAM

BOARD MEMBER

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

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2024
Filed: 15 May 2025
IRS schema version: 2024v5.0
Source object: 202501609349300340

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