Holmes Community College Development Foundation Inc
- Assets
- $11.8m
- Revenue
- $375.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Goodman, MS
- Founding
- 12/1976
- Data as of
- 12/2021
- EIN
- 23-7419273
Organization Overview
Holmes Community College Development Foundation Inc, operating under the name Hccdf (foundation), is located in Goodman, MS. The organization was established in 1976. 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, Hccdf (foundation) employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hccdf (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 12/2021, Hccdf (foundation) generated $375.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $335.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 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
PROMOTE, ENCOURAGE, ASSIST, AND SUPPORT ALL FORMS OF EDUCTION AND RESEARCH AT HOLMES COMMUNITY COLLEGE THROUGH FUNDING OF SCHOLARSHIPS AND OTHER EDUCATIONAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS AND EDUCATIONAL NEEDS AS PROVIDED BY THE TERMS OF CONTRIBUTIONS RECEIVED, TO STUDENTS ATTENDING HOLMES COMMUNITY COLLEGE AT GOODMAN, MS, GRENADA, MS AND RIDGELAND, MS CAMPUSES
FINANCIAL SUPPORT FOR HOLMES COMMUNITY COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wirt Hayes Treasurer | OfficerTrustee | 2 | $8,250 |
Doris Belk Secretary | OfficerTrustee | $0 | |
Jessie Leverette President | OfficerTrustee | $0 | |
Brady Richardson Vice Preside | OfficerTrustee | $0 | |
Joe Adams Director | Trustee | $0 | |
Eugenia Collins Director | Trustee | $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 | $260,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,918 |
| Total Program Service Revenue | $0 |
| Investment income | $114,076 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $537 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $375,531 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $175,078 |
| 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 | $25,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,978 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,520 |
| Office expenses | $4,500 |
| 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 | $1,298 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $114,106 |
| Total functional expenses | $335,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,335 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $11,637,896 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,820,231 |
| 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 | $28,059 |
| Total liabilities | $28,059 |
| Net assets without donor restrictions | $5,787,498 |
| Net assets with donor restrictions | $6,004,674 |
| 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 | $11,820,231 |
Grants Awarded
Over the last fiscal year, Holmes Community College Development Foundation Inc has awarded $175,078 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOLMES COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $119,216 |
HOLMES COMMUNITY COLLEGE PURPOSE: FINANCIAL SUPPORT | $55,862 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Holmes Community College Development Foundation Inc has recieved totaling $228.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $228 |
Endowment Analysis
| Beg. Balance | $7,371,024 |
| Earnings | $696,562 |
| Net Contributions | $23,587 |
| Grants | -$93,612 |
| Ending Balance | $7,997,561 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
University Of Mississippi Foundation Oxford, MS | $716,526,476 | $64,727,887 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Tiger Athletic Foundation Baton Rouge, LA | $492,455,521 | $67,955,012 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Ole Miss Athletics Foundation Oxford, MS | $97,065,287 | $57,643,164 |
University Of South Alabama Foundation Mobile, AL | $392,021,424 | $13,140,864 |
University Of Memphis Foundation Memphis, TN | $175,396,802 | $38,710,840 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |