Fletcher Technical Community College Foundation Inc
- Assets
- $4.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Schriever, LA
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 20-4415988
Organization Overview
Fletcher Technical Community College Foundation Inc is located in Schriever, LA. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fletcher Technical Community College Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Fletcher Technical Community College Foundation Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.9% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 23.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT AND ENHANCE FLETCHER TECHNICAL COMMUNITY COLLEGE'S PROGRAMS, FACILITIES, AND OVERALL MISSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS USED TO SUPPORT THE PROGRAMS AND FACILITIES OF FLETCHER TECHNICAL COMMUNITY COLLEGE.
SCHOLARSHIP SUPPORT TO FLETCHER TECHNICAL COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marguerite Knight Chair | OfficerTrustee | 1 | $0 |
Timothy Allen Vice Chair | OfficerTrustee | 1 | $0 |
Jarod Richard Treasurer | OfficerTrustee | 1 | $0 |
Janel Ricca Secretary | OfficerTrustee | 1 | $0 |
Mark Danos Past Chair | Trustee | 1 | $0 |
Ben Malbrough Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,085,468 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,085,468 |
| Total Program Service Revenue | $0 |
| Investment income | $135,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,220,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $887,926 |
| Grants and other assistance to domestic individuals. | $44,283 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,711 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,923 |
| Office expenses | $1,238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $38,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,256 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,223 |
| All other expenses | $3,152 |
| Total functional expenses | $1,127,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $945,678 |
| Savings and temporary cash investments | $2,184,781 |
| Pledges and grants receivable | $1,430,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $363,714 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,924,173 |
| Accounts payable and accrued expenses | $61,707 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $61,707 |
| Net assets without donor restrictions | $465,981 |
| Net assets with donor restrictions | $4,396,485 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,924,173 |
Grants Awarded
Over the last fiscal year, Fletcher Technical Community College Foundation Inc has awarded $1,160,355 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STATE OF LOUISIANA CO OFFICE OF FACILITY & PLANNING CONTROL PURPOSE: TO ASSIST STATE OF LOUISIANA IN CONSTRUCTION OF NEW FACILITY | $1,051,787 |
FLETCHER TECHNICAL COMMUNITY COLLEGE PURPOSE: SUPPORT PROGRAMS AND FACILLITY | $108,568 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Fletcher Technical Community College Foundation Inc has recieved totaling $800,240.
| Awarding Organization | Amount |
|---|---|
Ochsner Clinic Foundation New Orleans, LA PURPOSE: GENERAL ASSISTANCE | $400,000 |
Blue Cross And Blue Shield Of Louisiana Foundation Baton Rouge, LA PURPOSE: THE BAYOU REGION NURSING FACULTY PROJECT | $150,000 |
Blue Cross And Blue Shield Of Louisiana Foundation Baton Rouge, LA PURPOSE: COLLECTIVE IMPACT GRANT | $80,000 |
Blue Cross And Blue Shield Of Louisiana Foundation Baton Rouge, LA PURPOSE: COLLECTIVE IMPACT GRANT | $70,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: EDUCATION | $50,148 |
Blue Cross And Blue Shield Of Louisiana Foundation Baton Rouge, LA PURPOSE: FLETCHER FOUNDATION EMERGENCY FUNDS FOR HURRICANE IDA RELIEF | $50,000 |
Endowment Analysis
| Beg. Balance | $853,621 |
| Earnings | $96,826 |
| Admin Expense | $7,844 |
| Net Contributions | $260,000 |
| Other Expense | $1,695 |
| Ending Balance | $1,200,908 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |
Usaa Educational Foundation San Antonio, TX | $96,381,454 | $7,561,828 |