Labette Community College Foundation
- Assets
- $3.5m
- Revenue
- $749.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Parsons, KS
- Founding
- 08/1974
- Data as of
- 06/2022
- 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 06/2022, Labette Community College Foundation generated $749.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $2.6m 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Goodnight Vice Preside | OfficerTrustee | 2 | $0 |
Jessica Rush President | OfficerTrustee | 2 | $0 |
Courtney Stangle Treasurer | OfficerTrustee | 2 | $0 |
Jodeci Turner Secretary | OfficerTrustee | 2 | $0 |
Lindi Forbes Foundation D | Officer | 40 | $0 |
Jim Zaleski Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crossland Construction | 6/29/21 | $174,559 |
Crossland Construction | 6/29/21 | $174,559 |
Health Facilities Group Architecture | 6/29/21 | $167,176 |
Health Facilities Group Architecture | 6/29/21 | $167,176 |
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 | $590,677 |
| Noncash contributions included in lines 1a–1f | $30,904 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $590,677 |
| Total Program Service Revenue | $0 |
| Investment income | $106,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35 |
| Net Income from Fundraising Events | $52,760 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $749,910 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,502,873 |
| Grants and other assistance to domestic individuals. | $104,473 |
| 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 | $962,013 |
| 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 | $0 |
| Total functional expenses | $2,611,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,780 |
| Savings and temporary cash investments | $851,998 |
| Pledges and grants receivable | $362,080 |
| Accounts receivable, net | $3,877 |
| 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 | $92,595 |
| Investments—publicly traded securities | $234,052 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,495,455 |
| Total assets | $3,484,837 |
| Accounts payable and accrued expenses | $126 |
| 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 | $51,994 |
| Total liabilities | $52,120 |
| Net assets without donor restrictions | $1,686,190 |
| Net assets with donor restrictions | $1,746,527 |
| 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 | $3,484,837 |
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 | | | $8,850 |
LABETTE COMMUNITY COLLEGE | | | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Labette Community College Foundation has recieved totaling $69,347.
| Awarding Organization | Amount |
|---|---|
Parsons Area Community Foundation Parsons, KS PURPOSE: EXPANSION | $36,093 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $25,000 |
Dawson Heritage Fnd Inc Webb City, MO PURPOSE: GENERAL SUPPORT | $5,000 |
Blue Cross And Blue Shield Of Kansas Foundation Inc Topeka, KS PURPOSE: SUPPORT FOR TECHNICAL COLLEGE SCHOLARSHIPS FOR STUDENTS ENROLLED IN HEALTH RELATED DEGREE TRACKS. | $2,000 |
Finley Charitable Foundation Inc Lamar, MO PURPOSE: SCHOLARSHIP | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $254 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Community College Foundation Omaha, NE | $18,326,887 | $11,124,448 |
Bacone Baptist Church Muskogee, OK | $8,262,001 | $7,873,102 |
Tulsa Community College Foundation Tulsa, OK | $22,351,433 | $4,013,088 |
Central Community College Foundation Inc Hastings, NE | $18,731,696 | $3,222,811 |
The Metropolitan Community College Foundation Kansas City, MO | $16,663,239 | $3,405,477 |
Southeast Community College Educational Fdn Lincoln, NE | $34,869,920 | $7,534,713 |
Westside Community Schools Foundation Inc Omaha, NE | $4,889,901 | $5,389,514 |
Labette Community College Foundation Parsons, KS | $3,484,837 | $749,910 |
Pikes Peak Communtiy College Foundation Inc Colorado Springs, CO | $5,356,337 | $1,290,429 |
Pueblo Community College Foundation Pueblo, CO | $15,005,245 | $6,507,429 |
Missouri Community College Association Jefferson City, MO | $590,069 | $1,604,920 |
Seminole State College Educational Foundation Inc Seminole, OK | $13,840,348 | $1,498,225 |