Eastern Wyoming College Foundation
- Assets
- $15.7m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Torrington, WY
- Founding
- 04/1970
- Data as of
- 06/2022
- EIN
- 23-7061112
Organization Overview
Eastern Wyoming College Foundation is located in Torrington, WY. The organization was established in 1970. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Eastern Wyoming 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 06/2022, Eastern Wyoming College Foundation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $629.9k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE EASTERN WYOMING COLLEGE FOUNDATION WAS ESTABLISHED IN 1964 AS AN INDEPENDENT NON- PROFIT CORPORATION TO ENGAGE COMMUNITY INTEREST AND ENHANCE THE QUALITY AND SCOPE OF EWC PROGRAMS BEYOND STATE SUPPORT. THE FOUNDATION DOES NOT WISH TO SUPPLANT STATE SUPPORT, BUT RATHER WORKS TO ADD THE EXTRA MEASURE OF QUALITY THAT DEFINES EXCELLENCE IN COMMUNITY COLLEGE EDUCATION. THE FOUNDATION RAISES, RECEIVES AND MANAGES PRIVATE GIFTS TO SUPPORT PROGRAMS AND PROJECTS THROUGHOUT THE COLLEGE AND TO BUILD A STRONG FOUNDATION FOR FUTURE NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING TO EASTERN WYOMING COLLEGE FOR SCHOLARSHIPS AND STIPENDS AWARDED TO INDIVIDUAL STUDENTS TO SUBSIDIZE THEIR ATTENDANCE AT EASTERN WYOMING COLLEGE
PURCHASE OF SUPPLIES, EQUIPMENT AND CONSTRUCTION EXPENSES FOR EASTERN WYOMING COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Peterson President | OfficerTrustee | 1 | $0 |
Joe Guth Vice President | OfficerTrustee | 1 | $0 |
Scott Prusia Secretary/treasurer | OfficerTrustee | 1 | $0 |
Bob Baumgartner Director | Trustee | 1 | $0 |
Grant Curry Director | Trustee | 1 | $0 |
Janice Atkins-Neva Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $121,773 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $472,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $593,857 |
| Total Program Service Revenue | $0 |
| Investment income | $658,326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,322,409 |
| Net Income from Fundraising Events | -$67,061 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,655,581 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $457,182 |
| 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 | $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 | $13,000 |
| 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 | $4,073 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $629,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $854,783 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $38,144 |
| Accounts receivable, net | $61,804 |
| 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 | $593,855 |
| Investments—publicly traded securities | $14,125,558 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,674,144 |
| Accounts payable and accrued expenses | $553,021 |
| 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 | $6,340,280 |
| Total liabilities | $6,893,301 |
| Net assets without donor restrictions | $1,665,618 |
| Net assets with donor restrictions | $7,115,225 |
| 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 | $15,674,144 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Eastern Wyoming College Foundation has recieved totaling $10,610.
| Awarding Organization | Amount |
|---|---|
Oletha C Likins And Loren E Likins Perpetual Memorial Trust Torrington, WY PURPOSE: SCHOLARSHIP | $4,000 |
Leland Tr Holyoke, CO PURPOSE: SCHOLARSHIP | $2,000 |
Tom & Cynthia Olson Family Foundation Lincoln, NE PURPOSE: GENERAL SUPPORT | $2,000 |
William H Gerber & Velma Gerber Trust Goodland, KS PURPOSE: EDUCATION | $1,200 |
Marjorie Leu Skala Foundation Thornton, CO PURPOSE: SCHOLARSHIP | $1,000 |
Daniels Fund Denver, CO PURPOSE: SCHOLARSHIP | $410 |
Endowment Analysis
| Beg. Balance | $7,758,321 |
| Earnings | -$1,084,782 |
| Net Contributions | $69,112 |
| Grants | $202,670 |
| Ending Balance | $6,539,981 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westminster College Salt Lake City, UT | $228,140,724 | $82,856,817 |
Oglala Lakota College Kyle, SD | $137,238,021 | $52,971,579 |
The American University Of Paris Inc Denver, CO | $83,974,222 | $36,441,184 |
Naropa University Boulder, CO | $34,704,482 | $31,100,655 |
Nebraska Methodist College Of Nursing And Allied Health Omaha, NE | $47,175,888 | $27,198,938 |
Hsdl Llc Provo, UT | $2,946,169 | $10,965,696 |
Wyoming Catholic College Lander, WY | $8,783,917 | $10,070,665 |
University Of Wyoming Research Corporation Laramie, WY | $3,507,490 | $5,404,475 |
Cowboy Joe Club Inc Laramie, WY | $11,073,075 | $7,899,154 |
Lutherans Outdoors In South Dakota Inc Sioux Falls, SD | $6,849,322 | -$4,055,912 |
Dakota State University Foundation Madison, SD | $48,525,169 | $15,213,740 |
Grace University Omaha, NE | $1,715,138 | $14,095 |