Central Community College Foundation Inc
- Assets
- $23.1m
- Revenue
- $4.4m
- Investments
- $1.1k
- Employees
- 0
- Location
- Hastings, NE
- Founding
- 06/1990
- Data as of
- 06/2024
- 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 06/2024, Central Community College Foundation Inc generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $3.0m during the year ending 06/2024. 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
2024
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 $794,913 OF SCHOLARSHIPS TO STUDENTS ATTENDING CENTRAL COMMUNITY COLLEGE DURING THE FISCAL YEAR ENDED JUNE 30, 2024.
PROGRAM AND ACTIVITY SUPPORT - $1,538,557 WAS TRANSFERRED TO CENTRAL COMMUNITY COLLEGE FOR GRANTS. $75,500 WAS TRANSFERRED TO VARIOUS OTHER NEBRASKA COMMUNITY COLLEGES FOR PROGRAM SUPPORT DURING THE FISCAL YEAR ENDED JUNE 30, 2024. IN ADDITION, $30,429 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 |
|---|---|---|---|
Jack Schreiner Director | Trustee | 0.5 | $0 |
Gale Beirow Director | Trustee | 0.5 | $0 |
Kevin Brostrom Director | Trustee | 0.5 | $0 |
Jay Trofholz Vice President | OfficerTrustee | 0.5 | $0 |
Terry Millard Director | Trustee | 0.5 | $0 |
Quelbin Izaguirre Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $141,400 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,314,007 |
| Noncash contributions included in lines 1a–1f | $35,489 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,455,407 |
| Total Program Service Revenue | $0 |
| Investment income | $597,334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $274,092 |
| Net Income from Fundraising Events | -$27,849 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,370,002 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,644,486 |
| Grants and other assistance to domestic individuals. | $794,913 |
| 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 | $50,745 |
| Advertising and promotion | $97,895 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,930 |
| Travel | $34,901 |
| 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 | $18,105 |
| Insurance | $0 |
| All other expenses | $70,353 |
| Total functional expenses | $3,030,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,520,786 |
| Savings and temporary cash investments | $1,173,633 |
| Pledges and grants receivable | $2,128,832 |
| Accounts receivable, net | $213 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $84,900 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $593,928 |
| Investments—publicly traded securities | $11,983,268 |
| Investments—other securities | $1,119 |
| Investments—program-related | $616,285 |
| Intangible assets | $0 |
| Other assets | $37,017 |
| Total assets | $23,139,981 |
| Accounts payable and accrued expenses | $679 |
| Grants payable | $0 |
| Deferred revenue | $7,000 |
| 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 | $315,765 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500,000 |
| Total liabilities | $823,444 |
| Net assets without donor restrictions | $3,270,859 |
| Net assets with donor restrictions | $19,045,678 |
| 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 | $23,139,981 |