Motlow College Foundation
- Assets
- $9.6m
- Revenue
- $970.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Lynchburg, TN
- Founding
- 04/1975
- Data as of
- 06/2022
- EIN
- 23-7450071
Organization Overview
Motlow College Foundation is located in Lynchburg, TN. The organization was established in 1975. According to its NTEE Classification (B42) the organization is classified as: Undergraduate 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. Motlow 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, Motlow College Foundation generated $970.5k 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 (6.5%) each year. All expenses for the organization totaled $796.7k 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
TO PROVIDE SUPPORT TO MOTLOW STATE COMMUNITY COLLEGE'S ACTIVITIES AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR STUDENTS AND FACULTY AND STAFF DEVELOPMENT FOR EMPLOYEES OF MOTLOW STATE COMMUNITY COLLEGE.
TO SUPPORT THE ATHLETIC PROGRAMS FOR MOTLOW STATE COMMUNITY COLLEGE.
TO SUPPORT INSTRUCTIONAL, CULTURAL AND EMPLOYEE RECOGNITION PROGRAMS AT MOTLOW STATE COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene London Chairman/trustee | OfficerTrustee | 5 | $0 |
Gay Dempsey Vie Chairman Trustee | OfficerTrustee | 5 | $0 |
Mark Hutchins Secretary/trustee | OfficerTrustee | 20 | $0 |
Hilda Tunstill Treasurer/trustee | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $167,314 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $440,101 |
| Noncash contributions included in lines 1a–1f | $30,936 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $607,415 |
| Total Program Service Revenue | $0 |
| Investment income | $220,611 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $165,810 |
| Net Income from Fundraising Events | -$23,384 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $970,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $709,979 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,446 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,190 |
| 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 | $1,132 |
| All other expenses | $0 |
| Total functional expenses | $796,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $706,660 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,623 |
| 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 | $8,924,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,633,951 |
| Accounts payable and accrued expenses | $14,505 |
| 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 | $0 |
| Total liabilities | $14,505 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,052,155 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,567,291 |
| Total liabilities and net assets/fund balances | $9,633,951 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Motlow College Foundation has recieved totaling $50,088.
| Awarding Organization | Amount |
|---|---|
Clayton Family Foundation Knoxville, TN PURPOSE: STEM ENDOWMENT | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $88 |
Endowment Analysis
| Beg. Balance | $6,360,263 |
| Earnings | $367,073 |
| Admin Expense | $51,238 |
| Net Contributions | $46,677 |
| Other Expense | $150,003 |
| Ending Balance | $6,572,772 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Randolph-Macon College Ashland, VA | $426,120,167 | $119,204,346 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Bridgewater College Bridgewater, VA | $220,158,848 | $86,618,271 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Hendrix College Conway, AR | $318,329,586 | $98,419,951 |
Birmingham-Southern College Birmingham, AL | $106,162,162 | $42,694,906 |
Drury University Springfield, MO | $197,297,672 | $75,721,067 |
Hampden-Sydney College Hampdensydney, VA | $332,900,116 | $118,845,969 |
Ouachita Baptist University Arkadelphia, AR | $209,281,744 | $71,056,315 |
University Of Pikeville Pikeville, KY | $170,248,135 | $76,149,836 |