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Nonprofiteer
← JACKSON COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by JACKSON COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$560,780
Total expenses
$712,245
Contributions and grants received
$316,925
Grants paid
$326,410
Program service revenue
$0
Investment income
-$91,321
Other revenue
$335,176
Total assets, end of year
$20,158,541
Total liabilities, end of year
$1,138,465
Net assets or fund balances, end of year
$19,020,076
Program services expenses (Part IX)
$326,410
Management and general expenses
$289,404
Fundraising expenses
$96,431
Program service expenses (Part III)
$326,410

Program services were 45.8% 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.

  • 1c · Fundraising events

    $13,063

  • 1f · All other contributions, gifts and grants

    $303,862

  • 3 · Investment income

    total $387,059 · excluded $387,059

  • 6a · Gross rents

    real property $206,250

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $206,250

  • 6d · Net rental income or loss

    total $206,250 · related or exempt $206,250

  • 7a · Gross sales of assets other than inventory

    securities $9,071,751

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

    securities $9,311,638 · other assets $238,493

  • 7c · Gain or loss

    securities -$239,887 · other assets -$238,493

  • 7d · Net gain or loss

    total -$478,380 · related or exempt -$238,493 · excluded -$239,887

  • 8a · Fundraising events: gross income

    $80,567

  • 8a · Fundraising events: contributions included on line 1c

    $13,063

  • 8b · Fundraising events: direct expenses

    $45,825

  • 8c · Net income from fundraising events

    total $34,742 · excluded $34,742

  • 11a · Other revenue: MISCELLANEOUS

    total $94,184 · related or exempt $94,184

  • 11e · Other revenue, total

    $94,184

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $326,410 · program services $326,410

  • 11c · Fees: accounting

    total $6,200 · management and general $6,200

  • 11f · Fees: investment management

    total $88,016 · management and general $66,012 · fundraising $22,004

  • 11g · Fees: other

    total $85,811 · management and general $64,358 · fundraising $21,453

  • 13 · Office expenses

    total $18,098 · management and general $13,574 · fundraising $4,524

  • 17 · Travel

    total $4,336 · management and general $3,252 · fundraising $1,084

  • 23 · Insurance

    total $2,033 · management and general $1,525 · fundraising $508

  • 24a · Other expenses: MISCELLANEOUS

    total $119,992 · management and general $89,994 · fundraising $29,998

  • 24b · Other expenses: STAFF PROFESSIONAL DEVE

    total $36,593 · management and general $27,446 · fundraising $9,147

  • 24c · Other expenses: BUILDING MAINTENANCE

    total $10,080 · management and general $7,560 · fundraising $2,520

  • 24d · Other expenses: DUES & SUSCRIPTIONS

    total $5,011 · management and general $3,758 · fundraising $1,253

  • 24e · All other expenses

    total $9,665 · management and general $5,725 · fundraising $3,940

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $827,295 · end of year $4,151,101

  • 4 · Accounts receivable

    beginning of year $56,439 · end of year $94,300

  • 11 · Investments: publicly traded securities

    beginning of year $11,209,958 · end of year $12,668,279

  • 12 · Investments: other securities

    beginning of year $5,699,007 · end of year $2,100,126

  • 15 · Other assets

    beginning of year $1,111,003 · end of year $1,144,735

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,722 · end of year $20,047

  • 25 · Other liabilities

    beginning of year $1,093,826 · end of year $1,118,418

  • 27 · Net assets without donor restrictions

    beginning of year $4,850,973 · end of year $5,514,025

  • 28 · Net assets with donor restrictions

    beginning of year $12,869,181 · end of year $13,506,051

Mission and programs · 2022

Mission

TO SUPPORT THE COMPREHENSIVE MISSION OF JACKSON COLLEGE BY PROVIDING THE ADDITIONAL RESOURCES NECESSARY TO ENSURE SUCCESS. THE FOUNDATION WILL ENHANCE THE COLLEGE'S IMAGE WITHIN THE COMMUNITY, BROADEN ITS BASE OF SUPPORT, COMMUNICATE TO THE PUBLIC ITS RESPONSIVENESS TO LOCAL NEEDS AND PROVIDE THE COLLEGE WITH A MEASURE OF EXCELLENCE FOR ITS EDUCATIONAL PROGRAMS AND SERVICES. JACKSON COLLEGE IS AN INSTITUTION OF HIGHER EDUCATION WHOSE MISSION IS TO ASSIST LEARNERS IN IDENTIFYING AND REACHING THEIR EDUCATIONAL GOALS.

Activities or mission (Part I)

THE FOUNDATION IS ORGANIZED FOR THE BENEFIT OF THE EDUCATIONAL, LITERARY AND SCIENTIFIC ACTIVITIES OF JACKSON COLLEGE.

  • THE FOUNDATION ALLOCATES FUNDS TO JACKSON COLLEGE FOR THE PURPOSE OF AWARDING SCHOLARSHIPS AND FURTHERING ITS EDUCATIONAL PURPOSE

    Expenses $292,210 · Grants $292,210

  • DISTRIBUTION OF ENDOWMENT TO DAHLEM CONSERVANCY

    Expenses $34,200 · Grants $34,200

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

Listed in Part VII

  • KAREN HAWLEY

    CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    1

  • GEORGE PAGE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARTHA PETRY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JASON VALENTE

    PRESIDENT (END DEC 2023)

    Total calculated
    $206,587
    From this org
    $0
    From related orgs
    $149,459
    Other
    $57,128
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,459 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,149 related
    Nontaxable benefits
    $0 + $33,979 related
    Filer's total
    $0 + $206,587 related

  • TONY BAKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES BIRNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DALE ROBERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER SIMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DONNA LAKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHEILA PATTERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ORLANDO WILLIS-HAMPTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASON COVALLE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DANIEL PHELAN

    DIRECTOR

    Total calculated
    $413,927
    From this org
    $0
    From related orgs
    $274,257
    Other
    $139,670
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,257 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $102,860 related
    Nontaxable benefits
    $0 + $36,810 related
    Filer's total
    $0 + $413,927 related

  • RICHARD DODGE

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • GEORGE POTTER

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • ZOE WILCOX

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • LELAND BASSETT

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • RICK MARTOIA

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • JOHN GLOBOKER

    ASSISTANT TREASURER (BEG SEP 2022)

    Total calculated
    $51,341
    From this org
    $0
    From related orgs
    $36,724
    Other
    $14,617
    Hours/week
    1 + 40 related

  • JULIE HAND

    CHIEF ADVANCEMENT OFFICER (BEG JAN 2023)

    Total calculated
    $0
    Hours/week
    40 + 1 related

  • DARRELL NORRIS

    ASSISTANT TREASURER (END JUL 2022)

    Total calculated
    $121,328
    From this org
    $0
    From related orgs
    $89,311
    Other
    $32,017
    Hours/week
    1 + 40 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401359349306140

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