Form 990 for tax year 2023

Filed by DALTON STATE COLLEGE FOUNDATION INC.

Totals

Total revenue: $2,106,777
Total expenses: $1,432,842
Contributions and grants received: $717,219
Grants paid: $0
Program service revenue: $0
Investment income: $1,475,122
Other revenue: -$85,564
Total assets, end of year: $48,117,343
Total liabilities, end of year: $472,953
Net assets or fund balances, end of year: $47,644,390
Program services expenses (Part IX): $1,335,848
Management and general expenses: $72,544
Fundraising expenses: $24,450
Program service expenses (Part III): $1,335,848

Program services were 93.2% 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

$717,219
3 · Investment income

total $840,855 · related or exempt $840,855
6a · Gross rents

real property $31,500
6b · Less rental expenses

real property $117,064
6c · Rental income or loss

real property -$85,564
6d · Net rental income or loss

total -$85,564 · related or exempt -$85,564
7a · Gross sales of assets other than inventory

securities $3,686,886
7b · Less cost or other basis and sales expenses

securities $3,052,619
7c · Gain or loss

securities $634,267
7d · Net gain or loss

total $634,267 · related or exempt $634,267

Functional expenses

Part IX, the statement of functional expenses.

11c · Fees: accounting

total $42,576 · management and general $42,576
19 · Conferences, conventions and meetings

total $1,532 · management and general $1,483 · fundraising $49
22 · Depreciation, depletion and amortization

total $388 · management and general $388
23 · Insurance

total $1,737 · management and general $1,737
24a · Other expenses: SCHOLARSHIPS & AWARDS

total $609,513 · program services $609,513
24b · Other expenses: CAPITAL PROJECTS

total $182,526 · program services $182,526
24c · Other expenses: FACULTY SUPPORT

total $148,638 · program services $148,638
24d · Other expenses: BUILDINGS AND GROUNDS

total $93,144 · program services $93,144
24e · All other expenses

total $352,788 · program services $302,027 · management and general $26,360 · fundraising $24,401

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $1,012,441 · end of year $998,529
3 · Pledges and grants receivable

beginning of year $2,921,874 · end of year $179,026
9 · Prepaid expenses and deferred charges

beginning of year $24,606 · end of year $16,663
10a · Land, buildings and equipment: cost or other basis

$4,823,046
10b · Land, buildings and equipment: accumulated depreciation

$706,424
10c · Land, buildings and equipment, net

beginning of year $4,149,809 · end of year $4,116,622
11 · Investments: publicly traded securities

beginning of year $28,089,983 · end of year $34,628,246
12 · Investments: other securities

beginning of year $7,658,509 · end of year $8,178,257
17 · Accounts payable and accrued expenses

beginning of year $87,654 · end of year $472,953
27 · Net assets without donor restrictions

beginning of year $15,580,187 · end of year $17,183,976
28 · Net assets with donor restrictions

beginning of year $28,189,381 · end of year $30,460,414

Mission and programs · 2023

Mission

TO PROVIDE INDIVIDUAL GRANTS, SCHOLARSHIPS AND EDUCATIONAL PROGRAMS FOR ELIGIBLE FACULTY AND RESIDENTS OF THE NORTH GEORGIA AREA

PROVIDE DIRECT FINANCIAL SUPPORT IN THE FORM OF SCHOLARSHIPS AND AWARDS TO STUDENTS ATTENDING DALTON STATE COLLEGE.

Expenses $609,513
PROVIDE FINANCIAL SUPPORT TO FACULTY AND ACADEMIC PROGRAMS AT DALTON STATE COLLEGE

Expenses $323,663
PROGRAM SUPPORT SERVICE FOCUSED ON THE ADVANCEMENT OF DALTON STATE COLLEGE

Expenses $402,672

As filed on the 2023 return.

Listed in Part VII

John M Fuchko IIIJOHN M FUCHKO III

EX-OFFICIO TRUSTEE

Total calculated

$0

Hours/week

0
Frederick H Howalt IIIFREDERICK H HOWALT III

CHAIRMAN

Total calculated

$0

Hours/week

0
Murray W BandyMURRAY W BANDY

TRUSTEE

Total calculated

$0

Hours/week

0
Barry M BlevinsBARRY M BLEVINS

TRUSTEE

Total calculated

$0

Hours/week

0
G Robert BuchananG ROBERT BUCHANAN

TRUSTEE

Total calculated

$0

Hours/week

0
Dan CombsDAN COMBS

TRUSTEE

Total calculated

$0

Hours/week

0
R Lynette LaughterR LYNETTE LAUGHTER

TRUSTEE

Total calculated

$0

Hours/week

0
Sara C PierceSARA C PIERCE

TRUSTEE

Total calculated

$0

Hours/week

0
John ShaheenJOHN SHAHEEN

TRUSTEE

Total calculated

$0

Hours/week

0
C Kenneth WhiteC KENNETH WHITE

TRUSTEE

Total calculated

$0

Hours/week

0
Mitch SanfordMITCH SANFORD

TRUSTEE

Total calculated

$0

Hours/week

0
Jamie ConnorsJAMIE CONNORS

TRUSTEE

Total calculated

$0

Hours/week

0
Anna AdamsonANNA ADAMSON

TRUSTEE

Total calculated

$0

Hours/week

0
David E Pennington IVDAVID E PENNINGTON IV

TRUSTEE

Total calculated

$0

Hours/week

0
David J ElrodDAVID J ELROD

EX-OFFICO TREASURER

Total calculated

$0

Hours/week

40

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: 5 November 2024
IRS schema version: 2023v5.1
Source object: 202403129349302580

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