Cincinnati State Technical And Community College Foundation
- Assets
- $17.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 09/1995
- Data as of
- 06/2024
- EIN
- 31-1430847
Organization Overview
Cincinnati State Technical And Community College Foundation is located in Cincinnati, OH. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati State Technical And 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 06/2024, Cincinnati State Technical And Community College Foundation generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $2.9m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE EDUCATIONAL MISSION OF CINCINNATI STATE AND TECHNICAL COMMUNITY COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TO THE COLLEGE FOR GENERAL OPERATING, STUDENT SCHOLARSHIPS, FINANCIAL AID AND EDUCATIONAL PROGRAM FUNDING; ASSIST STUDENTS FACING EXTREME CHALLENGES CAUSED BY THE COVID 19 PANDEMIC USING STUDENT RELIEF FUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard N Adams Director | Trustee | 1 | $0 |
Jason Asic Director | Trustee | 1 | $0 |
Jane Garvey Director | Trustee | 1 | $0 |
Dillon Ruby Director | Trustee | 1 | $0 |
John Dwyer Director | Trustee | 1 | $0 |
Kate Schroder 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 | $2,610,207 |
| Noncash contributions included in lines 1a–1f | $265,934 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,610,207 |
| Total Program Service Revenue | $0 |
| Investment income | $324,106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $597,223 |
| Net Income from Fundraising Events | $44,442 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,575,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $2,737 |
| Fees for services: Accounting | $29,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $28,125 |
| Fees for services: Investment Management | $72,296 |
| Fees for services: Other | $130,375 |
| 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 | $1,490 |
| All other expenses | $2,000 |
| Total functional expenses | $2,945,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,871,965 |
| Pledges and grants receivable | $1,661,395 |
| 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 | $16,204 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,670,728 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $263,835 |
| Total assets | $17,484,127 |
| Accounts payable and accrued expenses | $392,952 |
| 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 | $34,226 |
| Total liabilities | $427,178 |
| Net assets without donor restrictions | $641,165 |
| Net assets with donor restrictions | $16,415,784 |
| 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 | $17,484,127 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Institute Of Aeronautics West Mifflin, PA | $29,962,148 | $13,579,845 |
Operating Engineers Local 324 Journeymen & Apprentice Training F Howell, MI | $25,934,079 | $10,599,294 |
Cincinnati State Technical And Community College Foundation Cincinnati, OH | $17,484,127 | $3,575,978 |
Zane State College Foundation Zanesville, OH | $12,637,212 | $866,965 |
Marion Technical College Foundation Inc Marion, OH | $1,718,734 | $308,844 |