Zane State College Foundation
- Assets
- $14.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Zanesville, OH
- Founding
- 11/1984
- Data as of
- 06/2021
- EIN
- 31-1106338
Organization Overview
Zane State College Foundation is located in Zanesville, OH. The organization was established in 1984. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zane State 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 06/2021, Zane State College Foundation generated $1.2m 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 (28.3%) each year. All expenses for the organization totaled $806.7k 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
ZANE STATE COLLEGE FOUNDATION PROVIDES CHARITABLE SUPPORT FOR THE EDUCATIONAL NEEDS OF ZANE STATE COLLEGE, INCLUDING SCHOLARSHIP AWARDS, CAPITAL BUILDING PROJECTS, INSTRUCTIONAL EQUIPMENT, AND PROFESSIONAL DEVELOPMENT SUPPORT FOR FACULTY, STAFF AND STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL EXPENDITURES & BUILDING IMPROVEMENTS -BUILDING IMPROVEMENTS SUCH AS ROOM RENOVATIONS AND ENHANCEMENTS TO THE ZANESVILLE CAMPUS AND THE CAMBRIDGE CAMPUS.
SCHOLARSHIPS - SCHOLARSHIPS ARE ESSENTIAL TO ENSURING THE EDUCATIONAL ATTAINMENT OF ZANE STATE COLLEGE STUDENTS. EACH YEAR,THE FOUNDATION HELPS APPROXIMATELY 200 DESERVING STUDENTS. THESE FUNDS TRANSFORM THE LIVES OF OUR STUDENTS AND THEIR FAMILIES AS THEY ENTER THE LOCAL WORKFORCE WITH NEWLY DEVELOPED SKILLS.
LEARNING & EDUCATIONAL RESOURCES - LEARNING AND EDUCATIONAL RESOURCES INCLUDE TEACHING AND LEARNING TOOLS, INSTRUCTIONAL EQUIPMENT, HONORS PROGRAM COSTS, AND DISTINGUISHED PROFESSORSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katlyn Porter Principal Of | OfficerTrustee | $0 | |
Francine Swiger Chair | OfficerTrustee | 1 | $0 |
Hon David Bennett Director | Trustee | 1 | $0 |
Diane Braden Treasurer | Trustee | 1 | $0 |
Jennifer Allen Director | Trustee | 1 | $0 |
Mark Eicher Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $297,095 |
| Investment income | $268,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $587,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,153,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $264,555 |
| 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 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 | $50,601 |
| Fees for services: Other | $0 |
| 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 | $0 |
| Insurance | $1,755 |
| All other expenses | $0 |
| Total functional expenses | $806,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,343 |
| Savings and temporary cash investments | $29,617 |
| 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 | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $14,202,927 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,349,887 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $14,349,887 |
Grants Awarded
Over the last fiscal year, Zane State College Foundation has awarded $489,034 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ZANE STATE COLLEGE PURPOSE: EDUCATION RESOURCES | $260,029 |
ZANE STATE COLLEGE PURPOSE: CAPITAL EXPENDIUTRES | $229,005 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Zane State College Foundation has recieved totaling $54,121.
| Awarding Organization | Amount |
|---|---|
Park National Bank Foundation Park National Bank Newark, OH PURPOSE: SUPPORT | $25,000 |
Muskingum County Community Foundation Zanesville, OH PURPOSE: GENERAL PURPOSES | $14,036 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Columbia Pipeline Group Charitable Foundation Houston, TX PURPOSE: EQUITY IN RETENTION ACADEMY | $4,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $385 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Institute Of Aeronautics West Mifflin, PA | $19,506,075 | $17,121,011 |
Operating Engineers Local 324 Journeymen & Apprentice Training F Howell, MI | $25,258,732 | $10,054,235 |
Cincinnati State Technical And Community College Foundation Cincinnati, OH | $15,677,261 | $2,648,222 |
Zane State College Foundation Zanesville, OH | $14,349,887 | $1,153,107 |
Marion Technical College Foundation Inc Marion, OH | $1,217,942 | $279,398 |