Labette Community College Foundation
- Assets
- $3.6m
- Revenue
- $377.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Parsons, KS
- Founding
- 08/1974
- Data as of
- 06/2023
- EIN
- 23-7368883
Organization Overview
Labette Community College Foundation is located in Parsons, KS. The organization was established in 1974. 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. Labette 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 06/2023, Labette Community College Foundation generated $377.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $369.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR PURPOSE IS TO SUPPORT PROGRAMS OF THE COLLEGE BY RAISING PRIVATE GIFTS FROM ALUMNI, FRIENDS, AND CORPORATIONS. GIFTS ARE USED FOR: SCHOLARSHIPS, FACULTY PROFESSIONAL DEVELOPMENT, COLLEGE DEPARTMENTS, STUDENT ACTIVITIES, COMMUNITY OUTREACH, AND CURRENT OPERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PURPOSE IS TO SUPPORT PROGRAMS OF THE COLLEGE BY RAISING PRIVATE GIFTS FROM ALUMNI, FRIENDS, AND CORPORATIONS. GIFTS ARE USED FOR: SCHOLARSHIPS, FACULTY PROFESSIONAL DEVELOPMENT, COLLEGE DEPARTMENTS, STUDENT ACTIVITIES, COMMUNITY OUTREACH, AND CURRENT OPERATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Goodnight Vice Preside | OfficerTrustee | 2 | $0 |
Lorraine Evert Director | OfficerTrustee | 2 | $0 |
Courtney Stangle Treasurer | OfficerTrustee | 2 | $0 |
Jodeci Turner Secretary | OfficerTrustee | 2 | $0 |
Jessica Rush President | OfficerTrustee | 2 | $0 |
Jim Zaleski Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Health Facilities Group Architecture | 6/29/21 | $167,176 |
Crossland Construction | 6/29/21 | $174,559 |
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 | $307,563 |
| Noncash contributions included in lines 1a–1f | $33,518 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $307,563 |
| Total Program Service Revenue | $0 |
| Investment income | $26,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $43,496 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $377,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $174,587 |
| Grants and other assistance to domestic individuals. | $130,676 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,240 |
| 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 | $2,792 |
| Insurance | $0 |
| All other expenses | $358 |
| Total functional expenses | $369,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $532,314 |
| Savings and temporary cash investments | $854,213 |
| Pledges and grants receivable | $344,077 |
| Accounts receivable, net | $7,005 |
| 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 | $89,803 |
| Investments—publicly traded securities | $233,171 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,498,778 |
| Total assets | $3,559,361 |
| Accounts payable and accrued expenses | $0 |
| 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 | $66,503 |
| Total liabilities | $66,503 |
| Net assets without donor restrictions | $1,229,031 |
| Net assets with donor restrictions | $2,263,827 |
| 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 | $3,559,361 |
Grants Awarded
Over the last fiscal year, Labette Community College Foundation has awarded $14,350 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LABETTE COMMUNITY COLLEGE | | | $5,500 |
LABETTE COMMUNITY COLLEGE | | | $8,850 |