Southwestern Community College Education Foundation
- Assets
- $3.9m
- Revenue
- $492.4k
- Investments
- $2.1m
- Employees
- 0
- Location
- Creston, IA
- Founding
- 07/1983
- Data as of
- 03/2022
- EIN
- 42-1197894
Organization Overview
Southwestern Community College Education Foundation is located in Creston, IA. The organization was established in 1983. 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. Southwestern Community College Education 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 03/2022, Southwestern Community College Education Foundation generated $492.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $377.7k during the year ending 03/2022. 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 PROVIDE SCHOLARSHIPS TO STUDENTS OF SOUTHWESTERN COMMUNITY COLLEGE AND TO PROVIDE GRANTS TO ENCOURAGE AND PROMOTE THE ACADEMIC DEVELOPMENT AND FUNCTIONAL GROWTH OF SOUTHWESTERN COMMUNITY COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS FOR 296 STUDENTS TO HELP WITH COSTS OF TUITION AND FEES.
PROVIDE GRANTS TO SOUTHWESTERN COMMUNITY COLLEGE TO HELP WITH THE DEVELOPMENT AND GROWTH OF THE COLLEGE. THE GRANTS RECEIVED BY THE COLLEGE HAVE HELPED PROVIDE EQUIPMENT AND TOOLS FOR STUDENTS IN THE CTE PROGRAMS AS WELL AS IMPROVE EQUIPMENT FOR THE ATHLETIC PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Pohren President | OfficerTrustee | 0 | $0 |
Jerry Smith Vice-President | OfficerTrustee | 0 | $0 |
Tia Samo Treasurer | Officer | 2 | $0 |
Caitlyn Maitlen Secretary | Officer | 40 | $0 |
Dr Marjorie Mcguire-Welch Director | Trustee | 1 | $0 |
Randy Huewe Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,233 |
| Related organizations | $220,698 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,228 |
| Noncash contributions included in lines 1a–1f | $50 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,159 |
| Total Program Service Revenue | $0 |
| Investment income | $116,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,828 |
| Net Income from Fundraising Events | $40,882 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $492,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,013 |
| Grants and other assistance to domestic individuals. | $351,611 |
| 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 | $3,300 |
| 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 | $6,364 |
| 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 | $1,400 |
| All other expenses | $0 |
| Total functional expenses | $377,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,312,687 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $472,418 |
| Investments—other securities | $2,100,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,885,105 |
| 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 | $1,334,228 |
| Net assets with donor restrictions | $2,550,877 |
| 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 | $3,885,105 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southwestern Community College Education Foundation has recieved totaling $772.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $772 |
Endowment Analysis
| Beg. Balance | $3,146,197 |
| Earnings | $127,551 |
| Net Contributions | $317,888 |
| Other Expense | $2,650 |
| Grants | $340,624 |
| Ending Balance | $3,248,362 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |