Northwest State Community College Foundation
- Assets
- $7.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Archbold, OH
- Founding
- 02/1979
- Data as of
- 06/2021
- EIN
- 34-1259297
Organization Overview
Northwest State Community College Foundation is located in Archbold, OH. The organization was established in 1979. 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. Northwest State 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 06/2021, Northwest State Community College Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $538.4k during the year ending 06/2021. While expenses have increased by 1.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 ENHANCE EXPAND AND SUSTAIN NORTHWEST STATE COMMUNITY COLLEGE SO THAT IT CAN CONTINUE TO FULFILL ITS MISSION OF CREATING OPPORTUNITIES FOR TRANSFORMATIONAL LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP REVENUES AND THEN EXPENDITURE OF SCHOLARSHIP DOLLARS FOR STUDENTS FOR NORTHWEST STATE COMMUNITY COLLEGE
CAPITAL PROJECTS FOR BUILDING AND EQUIPMENT FOR NORTHWEST STATE COMMUNITY COLLEGE
TECH SUPPORT FOR EDUCATION PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Beck Chairman Of The Board | OfficerTrustee | 3 | $0 |
Jenny Thome Cfao | OfficerTrustee | 2 | $0 |
Todd Hernandez College President | Officer | 3 | $0 |
Doug Bernath | Trustee | 1 | $0 |
Robin Brinegar | Trustee | 1 | $0 |
Richard Conrad | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $63,160 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $305,185 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,345 |
| Total Program Service Revenue | $0 |
| Investment income | $1,592,752 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$69 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,961,028 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,101 |
| Grants and other assistance to domestic individuals. | $340,685 |
| 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 | $1,522 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,914 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,916 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $62,853 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $538,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,097 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,218 |
| 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 | $7,340,260 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,455,575 |
| Accounts payable and accrued expenses | $28,900 |
| 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 | $28,900 |
| Net assets without donor restrictions | $166,294 |
| Net assets with donor restrictions | $7,260,381 |
| 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 | $7,455,575 |
Grants Awarded
Over the last fiscal year, Northwest State Community College Foundation has awarded $102,767 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Archbold, OH PURPOSE: Scholarship Expense | $67,666 |
Archbold, OH PURPOSE: Equipment & Supplies | $35,101 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Northwest State Community College Foundation has recieved totaling $112,000.
| Awarding Organization | Amount |
|---|---|
Parkview Health System Inc Fort Wayne, IN PURPOSE: NURSING PROGRAM SUPPORT | $100,000 |
George Isaac Foundation Toledo, OH PURPOSE: GENERAL SUPPORT | $10,000 |
Vermeer Charitable Foundation Inc Pella, IA PURPOSE: EDUCATION | $2,000 |
Endowment Analysis
| Beg. Balance | $1,304,796 |
| Net Contributions | $154,750 |
| Ending Balance | $1,459,546 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seton Hill University Greensburg, PA | $189,465,294 | $99,847,300 |
Wittenberg College Board Of Directors Springfield, OH | $198,135,859 | $89,178,248 |
Juniata College Huntingdon, PA | $246,892,473 | $100,031,718 |
Washington And Jefferson College Washington, PA | $317,857,588 | $82,152,318 |
University Of Mount Union Alliance, OH | $316,310,745 | $109,042,625 |
Elizabethtown College Elizabethtown, PA | $232,746,641 | $88,467,618 |
Saint Vincent College Latrobe, PA | $298,895,974 | $111,303,783 |
Adrian College Adrian, MI | $148,979,647 | $94,047,786 |
Chatham University Pittsburgh, PA | $217,171,716 | $86,845,252 |
Alma College Alma, MI | $267,015,717 | $86,854,101 |
College For Creative Studies Detroit, MI | $255,607,237 | $81,212,922 |
Grove City College Grove City, PA | $365,541,622 | $83,257,741 |