Jefferson Community And Technical College Foundation Inc
- Assets
- $6.6m
- Revenue
- $1.2m
- Investments
- $1.4m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 08/1969
- Data as of
- 06/2021
- EIN
- 23-7035648
Organization Overview
Jefferson Community And Technical College Foundation Inc is located in Louisville, KY. The organization was established in 1969. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Jefferson Community And Technical 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 06/2021, Jefferson Community And Technical College Foundation Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $682.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 6 years. 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
THE MISSION OF THE JEFFERSON COMMUNITY & TECHNICAL COLLEGE FOUNDATION, INC. IS TO DEVELOP STRATEGIC ALLIANCES WITH PRIVATE AND PUBLIC RESOURCES AND TO PURSUE EXTERNAL FUNDING SOURCES THAT BENEFIT JEFFERSON COMMUNITY & TECHNICAL COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS PROVIDED FOR STUDENTS TO ATTEND JEFFERSON COMMUNITY & TECHNICAL COLLEGE.
PROJECTS TO SUPPORT STUDENT SUPPORT INITIATIVES, PROGRAMS AND OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ty Handy Ex Officio - President | Officer | 2 | $0 |
Rick Fields CPA Treasurer | Officer | 2 | $0 |
Don Schieman Ex Officio - Executive Dir | Officer | 20 | $0 |
Carla Dearing Vice Chair | Officer | 2 | $0 |
Christy Ralston Chair | Officer | 2 | $0 |
Carl J Bensinger Chair Emeritus | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,734 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,110,701 |
| Noncash contributions included in lines 1a–1f | $55,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,173,435 |
| Total Program Service Revenue | $0 |
| Investment income | $1,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $660 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$662 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,176,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $394,644 |
| Grants and other assistance to domestic individuals. | $111,093 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $3,975 |
| All other expenses | $733 |
| Total functional expenses | $682,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99 |
| Savings and temporary cash investments | $3,537,744 |
| Pledges and grants receivable | $322,867 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $281,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,717 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,368,270 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,066,009 |
| Total assets | $6,580,706 |
| Accounts payable and accrued expenses | $5,694 |
| Grants payable | $71,280 |
| Deferred revenue | $21,550 |
| 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 | $98,524 |
| Net assets without donor restrictions | $2,527,930 |
| Net assets with donor restrictions | $3,954,252 |
| 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 | $6,580,706 |
Grants Awarded
Over the last fiscal year, Jefferson Community And Technical College Foundation Inc has awarded $394,644 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JEFFERSON COMMUNITY & TECHNICAL COLLEGE PURPOSE: GRANTS PROVIDED TO SUPPORT COLLEGE INITIATIVES | $345,072 |
JEFFERSON COUNTY PUBLIC SCHOOLS PURPOSE: GRANTS PROVIDED TO SUPPORT INITIATIVE TO PREPARE STUDENTS FOR COLLEGE | $49,572 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Jefferson Community And Technical College Foundation Inc has recieved totaling $95,215.
| Awarding Organization | Amount |
|---|---|
C E And S Foundation Inc Louisville, KY PURPOSE: GENERAL OPERATING SUPPORT, MEETING ONLINE INSTRUCTIONAL & LEARNING CHALLENGES | $90,000 |
Kindred Foundation Inc Louisville, KY PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $215 |
Endowment Analysis
| Beg. Balance | $186,234 |
| Ending Balance | $186,234 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Muskingum University New Concord, OH | $203,474,900 | $69,143,599 |
Ranken Technical College St Louis, MO | $130,223,439 | $47,100,026 |
Midway University Inc Midway, KY | $66,224,424 | $32,615,868 |
Southern Virginia University Buena Vista, VA | $37,155,964 | $26,776,085 |
Martin Methodist College Pulaski, TN | $36,451,504 | $26,683,667 |
Lincoln University Lincoln, IL | $52,024,030 | $25,875,577 |
Holy Cross College Inc Notre Dame, IN | $53,093,799 | $27,179,393 |
Cottey College Nevada, MO | $140,381,856 | $25,014,106 |
Christ College Of Nursing Andhealth Sciences Cincinnati, OH | $10,994,626 | $16,669,063 |
St Augustine College Chicago, IL | $15,853,961 | $18,146,895 |
Ancilla Domini College Plymouth, IN | $0 | $14,414,276 |
Pierce Mortuary Colleges Inc Broadview, IL | $14,603,316 | $16,634,477 |