James A Rhodes State College Foundation
- Assets
- $6.8m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Lima, OH
- Founding
- 03/1979
- Data as of
- 06/2022
- EIN
- 34-1266573
Organization Overview
James A Rhodes State College Foundation is located in Lima, OH. The organization was established in 1979. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. James A Rhodes 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 06/2022, James A Rhodes State College Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.2% each year . All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 51.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO GENERATE COMMUNITY AND FINANCIAL SUPPORT FOR RHODES STATE COLLEGE. THIS SUPPORT IS DERIVED FROM THE PUBLIC AND PRIVATE SECTORS TO ASSIST THE COLLEGE IN ITS MISSION TO SERVE THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SCHOLARSHIPS WERE AWARDED AND ACADEMIC PROGRAMS FUNDED THROUGH GRANTS TO RHODES STATE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew T Jennings Vice Chair | OfficerTrustee | 2 | $0 |
Jane P Krites Board Chair | OfficerTrustee | 2 | $0 |
Cynthia Spiers Ex-Officio Memb | Trustee | 2 | $0 |
Russell Liltke Ex-Officio Memb | Trustee | 2 | $0 |
Kevin L Reeks Ex-Officio Memb | Trustee | 2 | $0 |
Mary Elmlquist-Lane Board Member | Trustee | 2 | $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 | $2,829,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,829,229 |
| Total Program Service Revenue | $0 |
| Investment income | -$596,506 |
| 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 | $2,232,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,068 |
| Grants and other assistance to domestic individuals. | $3,281,153 |
| 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 | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,355,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $950,353 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,344,860 |
| 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 | $4,509,854 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,805,067 |
| Accounts payable and accrued expenses | $181,882 |
| 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 | $181,882 |
| Net assets without donor restrictions | $148,438 |
| Net assets with donor restrictions | $6,474,747 |
| 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 | $6,805,067 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that James A Rhodes State College Foundation has recieved totaling $171,389.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $100,000 |
George B Quatman Foundation Cincinnati, OH PURPOSE: CAPITAL FUNDS | $31,000 |
Bon Secours Mercy Health Inc Cincinnati, OH PURPOSE: Mission Support | $20,000 |
Lima Memorial Joint Operating Company Lima, OH PURPOSE: COMMUNITY DEVELOPMENT/HEALTH AND WELLNESS | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $389 |
Endowment Analysis
| Beg. Balance | $2,467,473 |
| Net Contributions | $331,894 |
| Ending Balance | $2,799,367 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wayne State University Detroit, MI | $420,994,306 | $23,111,509 |
Union Institute & University Cincinnati, OH | $9,527,741 | $17,880,804 |
Cleveland State University Foundation Cleveland, OH | $110,232,117 | $11,409,961 |
Baker College Flint, MI | $17,867,262 | $11,641,595 |
Martin University Inc Indianapolis, IN | $11,458,178 | $6,489,319 |
Newark Campus Development Fund Newark, OH | $44,149,352 | $5,377,217 |
University Of Southern Indiana Foundation Inc Evansville, IN | $166,446,934 | $20,278,244 |
Simmons College Of Kentucky Inc Louisville, KY | $11,109,137 | $8,273,027 |
The Northern Michigan University Foundation Marquette, MI | $51,572,158 | $7,666,417 |
Rabbinical College Of Telshe Inc Wickliffe, OH | $4,924,770 | $5,286,495 |
Valor Christian College Columbus, OH | $1,469,992 | $3,133,613 |
James A Rhodes State College Foundation Lima, OH | $6,805,067 | $2,232,723 |