Colby Community College Endowment Foundation

Organization Overview

Colby Community College Endowment Foundation is located in Colby, KS. The organization was established in 1965. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Colby Community College Endowment 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, Colby Community College Endowment Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $824.8k during the year ending 06/2022. While expenses have increased by 0.4% 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

TO RAISE PRIVATE SECTOR FUNDS BY PROVIDING LEADERSHIP AND TO RESPONSIBLY MANAGE GIFTS TO BENEFIT EDUCATIONAL OPPORTUNITIES AND INITIATIVES OF COLBY COMMUNITY COLLEGE. A STRONG SCHOLARSHIP PROGRAM IS AVAILABLE TO PROMOTE ACADEMIC EXCELLENCE AND DEVELOP STUDENT LEADERSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTIONS FOR CAMPUS PROJECTS AND ORGANIZATIONS THAT ARE SUPPORTED BY THE FOUNDATION.


SCHOLARSHIPS TO STUDENTS ATTENDING COLBY COMMUNITY COLLEGE.


SUPPLIES AND OTHER VARIOUS PROJECT EXPENSES THAT ENHANCE THE EDUCATIONAL EXPERIENCES OF THE STUDENTS AT COLBY COMMUNITY COLLEGE.


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Board, Officers & Key Employees

Name (title)Compensation
Vernon Hurd
President
$0
Lynette Andregg
Vice Preside
$0
Josh Ryan
Secretary
$0
Jennifer Schoenfeld
Executive Di
$0
Cynthia Dixson
Member
$0
Ronda Bachman
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$78,384
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$710,816
Noncash contributions included in lines 1a–1f $419,443
Total Revenue from Contributions, Gifts, Grants & Similar$789,200
Total Program Service Revenue$0
Investment income $162,266
Tax Exempt Bond Proceeds $0
Royalties $9,449
Net Rental Income $0
Net Gain/Loss on Asset Sales $208,600
Net Income from Fundraising Events $47,886
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,226,254

Grants Awarded

Over the last fiscal year, Colby Community College Endowment Foundation has awarded $535,981 in support to 3 organizations.

Grant RecipientAmount

COLBY COMMUNITY COLLEGE

PURPOSE: VARIOUS SCHOOL ACTIVITIES

$260,891

COLBY COMMUNITY COLLEGE

Org PageRecipient Profile

Colby, KS

PURPOSE: DORM RENOVATION

$210,664

COLBY COMMUNITY COLLEGE

Org PageRecipient Profile

Colby, KS

PURPOSE: BUS PURCHASE

$64,426
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Colby Community College Endowment Foundation has recieved totaling $2,017.

Awarding OrganizationAmount
Blue Cross And Blue Shield Of Kansas Foundation Inc

Topeka, KS

PURPOSE: SUPPORT FOR TECHNICAL COLLEGE SCHOLARSHIPS FOR STUDENTS ENROLLED IN HEALTH RELATED DEGREE TRACKS.

$2,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$17
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,534,138
Earnings-$396,906
Net Contributions$101,336
Other Expense$132,794
Ending Balance$6,106,774

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