Central Community College Foundation Inc
- Assets
- $18.7m
- Revenue
- $3.2m
- Investments
- $537.0
- Employees
- 0
- Location
- Hastings, NE
- Founding
- 06/1990
- Data as of
- 06/2022
- EIN
- 47-0728813
Organization Overview
Central Community College Foundation Inc is located in Hastings, NE. The organization was established in 1990. According to its NTEE Classification (B41) the organization is classified as: Two-Year 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. Central Community College Foundation Inc 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, Central Community College Foundation Inc generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $7.1m during the year ending 06/2022. 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
PROVIDE MONETARY AND ADVISORY SUPPORT FOR CENTRAL COMMUNITY COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS PROVIDED - THE FOUNDATION WAS ABLE TO PROVIDE $727,497 OF SCHOLARSHIPS TO STUDENTS ATTENDING CENTRAL COMMUNITY COLLEGE DURING THE FISCAL YEAR ENDED JUNE 30, 2022.
PROGRAM AND ACTIVITY SUPPORT - $5,594,424 WAS TRANSFERRED TO CENTRAL COMMUNITY COLLEGE FOR GRANTS. $77,500 WAS TRANSFERRED TO VARIOUS OTHER NEBRASKA COMMUNITY COLLEGES FOR PROGRAM SUPPORT DURING THE FISCAL YEAR ENDED JUNE 30, 2022. IN ADDITION, $98,946 OF DONATED EQUIPMENT AND SUPPLIES WERE ALSO TRANSFERRED TO CENTRAL COMMUNITY COLLEGE TO ASSIST IN VARIOUS PROGRAM ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Trofholz Vice President | OfficerTrustee | 0.5 | $0 |
Ray O'connor Secretary | OfficerTrustee | 0.5 | $0 |
Jeff Anderson President | OfficerTrustee | 0.5 | $0 |
Sharon Liske Treasurer/financial Controller | Officer | 40 | $0 |
Dean Moors Executive Director | Officer | 40 | $0 |
Dale Pohlmann Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $195,347 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,168,869 |
| Noncash contributions included in lines 1a–1f | $303,175 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,364,216 |
| Total Program Service Revenue | $0 |
| Investment income | $278,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $406,531 |
| Net Income from Fundraising Events | -$13,119 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,222,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,770,870 |
| Grants and other assistance to domestic individuals. | $727,497 |
| 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 | $22,837 |
| Advertising and promotion | $114,131 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,683 |
| Travel | $12,072 |
| 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 | $23,237 |
| Insurance | $0 |
| All other expenses | $58,737 |
| Total functional expenses | $7,103,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$107,197 |
| Savings and temporary cash investments | $4,417,247 |
| Pledges and grants receivable | $3,448,619 |
| Accounts receivable, net | $6,425 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $69,289 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $634,463 |
| Investments—publicly traded securities | $9,715,639 |
| Investments—other securities | $537 |
| Investments—program-related | $545,541 |
| Intangible assets | $0 |
| Other assets | $1,133 |
| Total assets | $18,731,696 |
| Accounts payable and accrued expenses | $4,125 |
| Grants payable | $0 |
| Deferred revenue | $7,200 |
| 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 | $335,349 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500,000 |
| Total liabilities | $846,674 |
| Net assets without donor restrictions | $57,650 |
| Net assets with donor restrictions | $17,827,372 |
| 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 | $18,731,696 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central Community College Foundation Inc has recieved totaling $79,230.
| Awarding Organization | Amount |
|---|---|
S N And Gloria Wolbach Charitable Foundation Omaha, NE PURPOSE: UNRESTRICTED GRANT | $76,230 |
Spotts Trust Hal Lainson Ttee Hastings, NE PURPOSE: EDUCATION | $3,000 |
Endowment Analysis
| Beg. Balance | $11,292,821 |
| Earnings | -$1,552,145 |
| Admin Expense | $62,438 |
| Net Contributions | $196,649 |
| Other Expense | $38,166 |
| Ending Balance | $9,836,721 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Community College Foundation Omaha, NE | $18,326,887 | $11,124,448 |
Central Community College Foundation Inc Hastings, NE | $18,731,696 | $3,222,811 |
The Metropolitan Community College Foundation Kansas City, MO | $16,663,239 | $3,405,477 |
Southeast Community College Educational Fdn Lincoln, NE | $34,869,920 | $7,534,713 |
Westside Community Schools Foundation Inc Omaha, NE | $4,889,901 | $5,389,514 |
Kirkwood Community College Foundation Cedar Rapids, IA | $43,540,342 | $11,748,704 |
Southeastern Community College Foundation West Burlington, IA | $16,375,654 | $3,936,639 |
Labette Community College Foundation Parsons, KS | $3,484,837 | $749,910 |
Indian Hills Community College Foundation Ottumwa, IA | $33,459,627 | $8,575,991 |
Pikes Peak Communtiy College Foundation Inc Colorado Springs, CO | $5,356,337 | $1,290,429 |
Frontier School Of The Bible Lagrange, WY | $3,501,922 | $1,802,336 |
Pueblo Community College Foundation Pueblo, CO | $15,005,245 | $6,507,429 |