Laramie County Community College Foundation
- Assets
- $53.7m
- Revenue
- $5.0m
- Investments
- $3.7k
- Employees
- 0
- Location
- Cheyenne, WY
- Founding
- 07/1969
- Data as of
- 12/2021
- EIN
- 23-7033750
Organization Overview
Laramie County Community College Foundation is located in Cheyenne, WY. The organization was established in 1969. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Laramie County Community College Foundation 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, Laramie County Community College Foundation generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 5.7% 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
TO DEVELOP AND SUSTAIN SUPPORT FOR LARAMIE COUNTY COMMUNITY COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND SUSTAIN SUPPORT FOR LARAMIE COUNTY COMMUNITY COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Womack Vice President | OfficerTrustee | 0.5 | $0 |
Billie Addleman President | OfficerTrustee | 0.5 | $0 |
Dershie Barber Secretary | OfficerTrustee | 0.5 | $0 |
Jeff Collins Past President | OfficerTrustee | 0.5 | $0 |
Kathy Mawford Treasurer | OfficerTrustee | 0.5 | $0 |
Lisa Trimble Assoc. VP Of Institutional | Officer | 40 | $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 | $2,527,632 |
| Noncash contributions included in lines 1a–1f | $57,535 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,527,632 |
| Total Program Service Revenue | $722,513 |
| Investment income | $1,654,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $94,901 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,999,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,602,114 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $328,626 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,958 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $840 |
| Fees for services: Accounting | $19,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $205,897 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $527 |
| Information technology | $27,002 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,200 |
| All other expenses | $4,405 |
| Total functional expenses | $2,304,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,246,045 |
| Savings and temporary cash investments | $2,026,344 |
| Pledges and grants receivable | $1,214,710 |
| Accounts receivable, net | $10,336 |
| 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 | $66,743 |
| Investments—publicly traded securities | $49,147,600 |
| Investments—other securities | $3,665 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,715,443 |
| Accounts payable and accrued expenses | $46,847 |
| 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 | $15,780,744 |
| Total liabilities | $15,827,591 |
| Net assets without donor restrictions | $2,769,294 |
| Net assets with donor restrictions | $35,118,558 |
| 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 | $53,715,443 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Laramie County Community College Foundation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $26,212,873 |
| Earnings | $3,279,302 |
| Net Contributions | $715,432 |
| Other Expense | $552,880 |
| Ending Balance | $29,654,727 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |
Wgu Advancement Salt Lake City, UT | $262,529 | $10,776,481 |
University Of Utah Research Foundation Salt Lake City, UT | $360,749,047 | $26,132,674 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |
Colorado Mesa University Foundation Grand Junciton, CO | $51,533,089 | $12,141,497 |
Dsst Public Schools Foundation Denver, CO | $32,542,761 | $13,664,687 |
Casper College Foundation Casper, WY | $118,882,238 | $11,522,950 |
Colorado State University-Pueblo Foundation Pueblo, CO | $68,008,177 | $8,127,637 |
Foundation Of Montana State University-Billings Billings, MT | $43,347,395 | $13,750,019 |
Nebraska Defense Research Corporation Lincoln, NE | $12,097,402 | $14,649,208 |
Denver Public Library Friends Foundation Denver, CO | $13,953,540 | $6,255,598 |