Gordon Junior College Foundation Inc
- Assets
- $30.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Barnesville, GA
- Founding
- 03/1973
- Data as of
- 12/2021
- EIN
- 23-7271047
Organization Overview
Gordon Junior College Foundation Inc is located in Barnesville, GA. The organization was established in 1973. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2021, Gordon Junior College Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gordon Junior 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, Gordon Junior College Foundation Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 19.9% 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 SUPPORT THE COLLEGE IN ALL ENDEAVORS THAT ARE NOT SUPPORTED BUT SANCTIONED BY THE BOARD OF REGENTS TO INCLUDE BUT NOT LIMITED TO THE FOLLOWING:-SUPPORT THE COLLEGE WITH OUR VISIBLE ATTENDANCE ON CAMPUS AND IN OUR INDIVIDUAL COMMUNITIES;-SUPPORT THE COLLEGE BY CONTINUING TO GIVE TO AND RAISE FUNDS FOR THE FOUNDATION;-SUPPORT THE COLLEGE WITH PRUDENT MANAGEMENT OF THE FOUNDATIONS' ASSETS WHICH ALLOWS THE TRUSTEES TO:1) FUND SCHOLARSHIPS TO DESERVING STUDENTS;2) ACQUIRE PROPERTY FOR THE COLLEGE;3) CONSTRUCT BUILDINGS, IF FINACIALLY REWARDING;4) CONTRIBUTE TO FACULTY DEVELOPMENT AND SUPPORT;5) FUND ANY NECESSARY OR DESERVING REQUEST OR ACTIVITY FOR THE BENEFIT OF THE COLLEGE IF APPROVED BY A MAJORITY OF THE TRUSTEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCE CONSTRUCTION OF STUDENT HOUSING AND RECREATION CENTER, RENTAL OF STUDENT HOUSING TO GORDON STATE COLLEGE
SCHOLARSHIPS TO VARIOUS GORDON STATE COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Montrese Adger Fuller Executive Director | Officer | 10 | $108,089 |
Derrick R Lewis Chair | OfficerTrustee | 2 | $0 |
Robert L Harris Vice Chair | OfficerTrustee | 2 | $0 |
W Chase Idol Treasurer | OfficerTrustee | 2 | $0 |
Kirk A Nooks Secretary | OfficerTrustee | 5 | $0 |
Kevin T Napier At-Large | Trustee | 2 | $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 | $337,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $337,005 |
| Total Program Service Revenue | $599,501 |
| Investment income | $338,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,344,605 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,619,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $402,331 |
| 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 | $380 |
| Fees for services: Accounting | $72,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $83,199 |
| Fees for services: Other | $23,030 |
| Advertising and promotion | $3,072 |
| Office expenses | $48,617 |
| Information technology | $27,189 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,805 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,297 |
| Interest | $530,052 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $170 |
| All other expenses | $59,677 |
| Total functional expenses | $1,293,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,206 |
| Savings and temporary cash investments | $1,442,021 |
| Pledges and grants receivable | $97,710 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,735,994 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,849,751 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,327,682 |
| Accounts payable and accrued expenses | $323,097 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,598,778 |
| 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 | $10,921,875 |
| Net assets without donor restrictions | $12,519,876 |
| Net assets with donor restrictions | $6,885,931 |
| 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 | $30,327,682 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gordon Junior College Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Edward Colston Foundation Inc Atlanta, GA PURPOSE: GENERAL USE | $10,000 |
Endowment Analysis
| Beg. Balance | $14,435,955 |
| Earnings | $2,423,995 |
| Net Contributions | $166,269 |
| Grants | $595,461 |
| Ending Balance | $16,430,758 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Dade College Foundation Inc Miami, FL | $203,072,980 | $26,102,618 |
The Lord Foundation Of North Carolina Durham, NC | $23,094,681 | $641,441 |
Oxbridge Academy Foundation Inc West Palm Beach, FL | $65,288,192 | $19,905,008 |
University Of West Florida Foundation Inc Pensacola, FL | $164,565,433 | $23,515,652 |
University Of North Carolina At Greensboro Investment Fund Inc Greensboro, NC | $369,290,686 | $22,759,163 |
Building Equity Sooner For Tomarrow Greenville, SC | $493,697,004 | $17,744,355 |
Appalachian State University Foundation Inc Boone, NC | $159,413,962 | $18,404,104 |
Gator Boosters Inc Gainesville, FL | $35,445,358 | $17,089,938 |
University Of North Carolina Chapel Hill Arts And Sciences Foundation Chapel Hill, NC | $518,992,807 | $33,231,064 |
The University Of North Florida Foundation Inc Jacksonville, FL | $189,463,504 | $37,925,600 |
Usf Health Professions Conferencing Corporation Tampa, FL | $17,834,474 | $17,025,476 |
Florida Agricultural & Mechanical Univ Foundation Inc Tallahassee, FL | $165,576,820 | $45,594,915 |