Terra College Foundation

Organization Overview

Terra College Foundation is located in Fremont, OH. The organization was established in 1990. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Terra 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, Terra College Foundation generated $481.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $760.4k during the year ending 06/2022. While expenses have increased by 8.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE TERRA COLLEGE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL, CHARITABLE, OR SCIENTIFIC PURPOSES BY CONDUCTING AND SUPPORTING ACTIVITIES WHICH BENEFIT OR CARRY OUT THE EDUCATIONAL PROGRAMS AND SERVICES OF TERRA COMMUNITY COLLEGE, INCLUDING, BUT NOT LIMITED TO THE FOLLOWING: TO RENDER FINANCIAL ASSISTANCE TO THE EDUCATIONAL PROGRAMS, SERVICE AND FACILITIES OF TERRRA STATE COMMUNITY COLLEGE, A STATE INSTITUTION OF HIGHER LEARNING, AUTHORIZED AND EXISTING UNDER CHAPTER 3358 OF THE STATE OF OHIO. THE FOUNDATION RAISES AND ADMINISTERS FUNDS TO SUPPORT STUDENT SCHOLARSHIPS AND TO PURCHASE INSTRUCTIONAL LABORATORY EQUIPMENT FOR THE LEARNING LABS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SOLICITED CONTRIBUTIONS TO BE USED FOR STUDENT SCHOLARSHIPS AND GRANTS AT TERRA COMMUNITY COLLEGE AND PROGRAM EXPENSES. PROVIDED FUNDS TO TERRA COMMUNITY COLLEGE FOR 197 SCHOLARSHIPS, EQUIPMENT PURCHASES AND GRANTS.


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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$296,700
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$296,700
Total Program Service Revenue$0
Investment income $149,958
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $35,274
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $481,932

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