Highland Community College Foundation
- Assets
- $5.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Highland, KS
- Founding
- 08/1989
- Data as of
- 06/2020
- EIN
- 48-1067637
Organization Overview
Highland Community College Foundation is located in Highland, KS. The organization was established in 1989. 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. Highland Community 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 06/2020, Highland Community College Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $418.5k during the year ending 06/2020. While expenses have increased by 16.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE HIGHLAND COMMUNITY COLLEGE FOUNDATION WAS ESTABLISHED IN 1987 TO ASSIST THE COLLEGE IN PERFORMING ITS MISSION; TO RECEIVE AND ADMINISTER PRIVATE GIFTS, BEQUESTS, AND DONATIONS TO BENEFIT HIGHLAND'S STUDENTS; AND TO ENHANCE THE QUALITY OF TEACHING AND LEARNING AT THE COLLEGE. GIFTS TO THE FOUNDATION SUPPORT PROGRAMS AND ACTIVITIES NOT FUNDED THROUGH PERFORMING ITS MISSION; TO RECEIVE AND ADMINISTER PRIVATE GIFTS, BEQUESTS, AND DONATIONS TO BENEFIT HIGHLAND'S STUDENTS; AND TO ENHANCE THE QUALITY OF TEACHING AND LEARNING AT THE COLLEGE. GIFTS TO THE FOUNDATION SUPPORT PROGRAMS AND ACTIVITIES NOT FUNDED THROUGH TRADITIONAL SOURCES. AT THE SAME TIME, FOUNDATION PROVIDES ASSISTANCE TO DONORS THROUGH A COMPREHENSIVE PROGRAM OF TAX-WISE GIFT ALTERNATIVES THROUGH PLANNED GIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVED, MANAGED, AND DISTRIBUTED GIFTS IN ORDER TO BUILD AND MAINTAIN ACADEMICS AND SUPPORT PROGRAMS AT HIGHLAND COMMUNITY COLLEGE ALSO DISTRIBUTED ASSETS TO THE COLLEGE. 39,900 IN SCHOLARSHIPS WERE AWARDED, AND 239,560 WAS PAID TO THIRD PARTY VENDORS FOR IMPROVEMENT PROJECTS AROUND THE CAMPUS.
TO PROVIDE SCHOLARSHIPS TO HCC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Bauer President | OfficerTrustee | 1 | $0 |
Ted Collins Secretary/tr | OfficerTrustee | 1 | $0 |
Paul Crawford Alumni Liaso | Trustee | 1 | $0 |
David Holthaus Board Member | Trustee | 1 | $0 |
Mike Hundley Board Member | Trustee | 1 | $0 |
Cynthia Jacobson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,039,268 |
| Investment income | $8,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $88,172 |
| 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 | $1,135,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $39,900 |
| 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 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 | $85,292 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,943 |
| Fees for services: Other | $11,094 |
| Advertising and promotion | $0 |
| Office expenses | $3,259 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,711 |
| 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 | $418,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,177 |
| Savings and temporary cash investments | $0 |
| 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 | $195,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $4,037,192 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,972 |
| Total assets | $4,992,261 |
| Accounts payable and accrued expenses | $20,054 |
| 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 | $20,054 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,972,207 |