Clark Technical College Scholarship Foundation
- Assets
- $27.5m
- Revenue
- $851.2k
- Investments
- $27.1m
- Employees
- 6
- Location
- Springfield, OH
- Founding
- 04/1968
- Data as of
- 06/2021
- EIN
- 31-0937036
Organization Overview
Clark Technical College Scholarship Foundation is located in Springfield, OH. The organization was established in 1968. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Clark Technical College Scholarship Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clark Technical College Scholarship 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 06/2021, Clark Technical College Scholarship Foundation generated $851.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $698.1k during the year ending 06/2021. 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 ACCEPT GIFTS IN SUPPORT OF THE CLARK STATE COLLEGE AND TO ASSIST ITS STUDENTS. THE FOUNDATION AIDS AND PROMOTES EDUCATION AT CLARK STATE AND PROVIDES SCHOLARSHIPS AND LOANS TO ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND LOANS: CLARK STATE'S TUITION IS ONE OF THE LOWEST IN THE STATE AT APPROXIMATELY $4,800 ANNUALLY FOR A FULL-TIME STUDENT. THE FOUNDATION AWARDS OVER $200,000 PER YEAR TO OVER 200 STUDENTS. GIFTS TO THE SCHOLARSHIP FUND CAN HELP TRANSFORM LIVES THROUGH EDUCATION AND PROVIDE THE NECESSARY WELL-TRAINED WORKFORCE THAT IS NECESSARY FOR OUR COMMUNITY TO THRIVE. AN INVESTMENT IN OUR STUDENTS IS AN INVESTMENT IN OUR REGION'S ECONOMIC DEVELOPMENT, AS 85% OF OUR GRADUATES STAY IN OUR COMMUNITY. IN ADDITION TO SCHOLARSHIPS, OUR FOUNDATION ALSO AWARDS SHORT-TERM LOANS TO THOSE WHO ARE AWAITING FINANCIAL AID.
THE CLARK STATE SCHOLARS PROGRAM INCLUDES STUDENTS FROM FIVE SCHOOL DISTRICTS IN CLARK AND CHAMPAIGN COUNTIES. THE PROGRAM SELECTS 40 EIGHTH GRADE STUDENTS IN SPRINGFIELD, 20 EIGHTH GRADE STUDENTS FROM ADDITIONAL CLARK COUNTY PARTNER SCHOOLS, AND 20 EIGHTH GRADE STUDENTS FROM CHAMPAIGN COUNTY PARTNER SCHOOLS ANNUALLY TO PARTICIPATE. EACH SCHOLAR IS PARTNERED WITH A VOLUNTEER MENTOR WHOM THEY MEET WITH MONTHLY. SCHOLARS ALSO ATTEND RETREATS, AFTER SCHOOL ACTIVITY DAYS, AND FIELD TRIPS THAT PROVIDE CAREER AND COLLEGE READINESS ACTIVITIES THROUGHOUT THE SCHOOL YEAR, ALIGNING THIS PROGRAM WITH THE SPRINGFIELD FOUNDATION'S GOAL TO INCREASE THE COLLEGE AND CAREER READINESS FOR CLARK COUNTY RESIDENTS. UPON SUCCESSFUL COMPLETION OF THE PROGRAM AND GRADUATION FROM THEIR HIGH SCHOOL, THE SCHOLARS RECEIVE THREE YEARS OF FREE TUITION, FEES, AND BOOKS AT CLARK STATE, WHERE THEY CONTINUE TO RECEIVE ACADEMIC AND SOCIAL SUPPORT. THE PROGRAM SERVED 256 PARTICIPANTS IN 2020. 38 STUDENTS FROM THE PROGRAM ENROLLED AT CLARK STATE FOR THE 2020-2021 ACADEMIC YEAR, 218 ENROLLED IN HIGH SCHOOL ACROSS ALL PARTICIPATING SCHOOL DISTRICTS.
GENERAL SUPPORT OF CLARK STATE COMMUNITY COLLEGE
SCHOLARSHIPS AND LOANS: CLARK STATE'S TUITION IS ONE OF THE LOWEST IN THE STATE AT APPROXIMATELY $4,800 ANNUALLY FOR A FULL-TIME STUDENT. THE FOUNDATION AWARDS OVER $200,000 PER YEAR TO OVER 200 STUDENTS. GIFTS TO THE SCHOLARSHIP FUND CAN HELP TRANSFORM LIVES THROUGH EDUCATION AND PROVIDE THE NECESSARY WELL-TRAINED WORKFORCE THAT IS NECESSARY FOR OUR COMMUNITY TO THRIVE. AN INVESTMENT IN OUR STUDENTS IS AN INVESTMENT IN OUR REGION'S ECONOMIC DEVELOPMENT, AS 85% OF OUR GRADUATES STAY IN OUR COMMUNITY. IN ADDITION TO SCHOLARSHIPS, OUR FOUNDATION ALSO AWARDS SHORT-TERM LOANS TO THOSE WHO ARE AWAITING FINANCIAL AID.
THE CLARK STATE SCHOLARS PROGRAM INCLUDES STUDENTS FROM FIVE SCHOOL DISTRICTS IN CLARK AND CHAMPAIGN COUNTIES. THE PROGRAM SELECTS 40 EIGHTH GRADE STUDENTS IN SPRINGFIELD, 20 EIGHTH GRADE STUDENTS FROM ADDITIONAL CLARK COUNTY PARTNER SCHOOLS, AND 20 EIGHTH GRADE STUDENTS FROM CHAMPAIGN COUNTY PARTNER SCHOOLS ANNUALLY TO PARTICIPATE. EACH SCHOLAR IS PARTNERED WITH A VOLUNTEER MENTOR WHOM THEY MEET WITH MONTHLY. SCHOLARS ALSO ATTEND RETREATS, AFTER SCHOOL ACTIVITY DAYS, AND FIELD TRIPS THAT PROVIDE CAREER AND COLLEGE READINESS ACTIVITIES THROUGHOUT THE SCHOOL YEAR, ALIGNING THIS PROGRAM WITH THE SPRINGFIELD FOUNDATION'S GOAL TO INCREASE THE COLLEGE AND CAREER READINESS FOR CLARK COUNTY RESIDENTS. UPON SUCCESSFUL COMPLETION OF THE PROGRAM AND GRADUATION FROM THEIR HIGH SCHOOL, THE SCHOLARS RECEIVE THREE YEARS OF FREE TUITION, FEES, AND BOOKS AT CLARK STATE, WHERE THEY CONTINUE TO RECEIVE ACADEMIC AND SOCIAL SUPPORT. THE PROGRAM SERVED 256 PARTICIPANTS IN 2020. 38 STUDENTS FROM THE PROGRAM ENROLLED AT CLARK STATE FOR THE 2020-2021 ACADEMIC YEAR, 218 ENROLLED IN HIGH SCHOOL ACROSS ALL PARTICIPATING SCHOOL DISTRICTS.
GENERAL SUPPORT OF CLARK STATE COMMUNITY COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitch Hurst Chair | OfficerTrustee | 1 | $0 |
Patti Phillips Vice Chair | OfficerTrustee | 1 | $0 |
Bill Brougher Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Don Lynam Immediate Past Chair | OfficerTrustee | 1 | $0 |
Dr Jo Alice Blondin President Of College | Officer | 3 | $0 |
John A Brown Director | Trustee | 1 | $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 | $306,594 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,594 |
| Total Program Service Revenue | $0 |
| Investment income | $533,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $851,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $211,514 |
| Grants and other assistance to domestic individuals. | $185,722 |
| 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 | $106,462 |
| Pension plan accruals and contributions | $15,246 |
| Other employee benefits | $11,829 |
| Payroll taxes | $1,497 |
| 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 | $56,664 |
| Advertising and promotion | $2,817 |
| Office expenses | $15,263 |
| Information technology | $18,726 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $81 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $757 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $698,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,303 |
| Savings and temporary cash investments | $594 |
| Pledges and grants receivable | $201,874 |
| Accounts receivable, net | $18,529 |
| 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 | $13,126 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $27,115,736 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14 |
| Total assets | $27,530,176 |
| Accounts payable and accrued expenses | $9,097 |
| 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 | $9,097 |
| Net assets without donor restrictions | $833,031 |
| Net assets with donor restrictions | $26,688,048 |
| 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 | $27,530,176 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Clark Technical College Scholarship Foundation has recieved totaling $104,250.
| Awarding Organization | Amount |
|---|---|
Springfield Foundation Springfield, OH PURPOSE: GENERAL SUPPORT | $81,100 |
Springfield Foundation Springfield, OH PURPOSE: GENERAL SUPPORT | $10,100 |
Community Hospital Health Services Foundation Springfield, OH PURPOSE: CLARK STATE MENTAL HEALTH SCREENING GRANT | $7,000 |
Community Hospital Health Services Foundation Springfield, OH PURPOSE: PROJECT JERICHO OPEN STUDIO GRANT | $6,000 |
Usg Foundation Inc Chicago, IL PURPOSE: EDUCATION | $50 |
Endowment Analysis
| Beg. Balance | $20,775,037 |
| Earnings | $5,193,953 |
| Admin Expense | $72,966 |
| Net Contributions | $67,244 |
| Other Expense | $503,746 |
| Ending Balance | $25,459,522 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Muskingum University New Concord, OH | $203,474,900 | $69,143,599 |
Mount Aloysius College Cresson, PA | $187,396,444 | $41,178,883 |
Midway University Inc Midway, KY | $66,224,424 | $32,615,868 |
Lackawanna College Scranton, PA | $71,721,039 | $37,550,402 |
Keystone College La Plume, PA | $35,973,065 | $32,307,027 |
Baker College Flint, MI | $33,049,782 | $27,043,165 |
Baker College Flint, MI | $48,464,572 | $25,592,429 |
Baker College Flint, MI | $39,254,865 | $22,321,880 |
Holy Cross College Inc Notre Dame, IN | $53,093,799 | $27,179,393 |
Finlandia University Hancock, MI | $36,184,751 | $18,081,025 |
Christ College Of Nursing Andhealth Sciences Cincinnati, OH | $10,994,626 | $16,669,063 |
Ancilla Domini College Plymouth, IN | $0 | $14,414,276 |