Butler Community College Foundation
- Assets
- $21.0m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 0
- Location
- El Dorado, KS
- Founding
- 01/1966
- Data as of
- 06/2022
- EIN
- 48-6123855
Organization Overview
Butler Community College Foundation is located in El Dorado, KS. The organization was established in 1966. 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. Butler 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 06/2022, Butler Community College Foundation generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $1.7m 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
THE FOUNDATION WILL NURTURE RELATIONSHIPS THAT WILL CREATE OPPORTUNITIES FOR STAKEHOLDERS TO MAKE A DIFFERENCE IN THE LIVES OF BUTLER STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONTINUES TO CAPITALIZE ON THE SUCCESS OF THE FOREVER BUTLER CAMPAIGN BY EDUCATING DONORS ABOUT PLANNED GIVING AND SECURING SUCH GIFTS THAT ENSURE THE HEALTH AND LONGEVITY OF THE BUTLER FOUNDATION AND THE SUPPORT IT GIVES TO THE COLLEGE. PROVISIONS TO ATHLETICS, STUDENT EMERGENCY LOANS, DIVERSITY TRAINING, AND NON-SCHOLARSHIP SUPPORT TO ACADEMIC AREAS OF THE COLLEGE IS POSSIBLE BECAUSE OF THE INCREASED NUMBER OF PLANNED AND CURRENT GIFTS THAT ESTABLISH ENDOWED FUNDS.
THE BUTLER COMMUNITY COLLEGE FOUNDATION PROVIDED SCHOLARSHIPS TO OVER 888 STUDENTS. NEARLY 39% OF BUTLER STUDENTS ARE FIRST GENERATION COLLEGE STUDENTS AND REPORT THEY STRUGGLE TO BALANCE WORK, FAMILY AND SCHOOL. FORTY-TWO PERCENT EARN LESS THAN $10,000 ANNUALLY AND SIXTY- THREE PERCENT EARN LESS THAN $20,000. SCHOLARSHIP SUPPORT IS CRITICAL TO STUDENTS ABILITY TO ATTEND COLLEGE AND PROVIDE A BRIGHTER FUTURE FOR THEMSELVES AND THEIR FAMILIES.
THE FOUNDATION INCURRED OTHER INDIRECT PROGRAM EXPENSES ASSOCIATED WITH DIRECTING THE FOUNDATIONS MISSION OF PROVIDING SCHOLARSHIP OPPORTUNITIES TO BUTLER COMMUNITY COLLEGE STUDENTS AND FUNDING SPECIAL PROJECTS AND PROGRAMS FOR BUTLER COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Young President | OfficerTrustee | 5 | $0 |
Mike Clifton Former Treasurer | OfficerTrustee | 5 | $0 |
Evan Funk President-Elect | OfficerTrustee | 5 | $0 |
Dr Kim Krull Ex-Offocio | Trustee | 1 | $0 |
Forrest Rhodes Ex-Offocio | Trustee | 1 | $0 |
Carolyn Connell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $291,015 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,844,649 |
| Noncash contributions included in lines 1a–1f | $834,790 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,135,664 |
| Total Program Service Revenue | $0 |
| Investment income | $370,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $85,160 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,598,962 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $129,994 |
| Grants and other assistance to domestic individuals. | $741,928 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $203,963 |
| Compensation of current officers, directors, key employees. | $117,994 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,548 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $78,375 |
| Payroll taxes | $31,786 |
| Fees for services: Management | $37,683 |
| Fees for services: Legal | $2,770 |
| Fees for services: Accounting | $15,689 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $74,943 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $0 |
| Office expenses | $23,767 |
| Information technology | $43,242 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,061 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,848 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,389 |
| Insurance | $8,023 |
| All other expenses | $4,529 |
| Total functional expenses | $1,716,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,673 |
| Savings and temporary cash investments | $3,716,048 |
| Pledges and grants receivable | $807,847 |
| 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 | $5,972 |
| Investments—publicly traded securities | $12,768,624 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,692,572 |
| Total assets | $20,998,736 |
| Accounts payable and accrued expenses | $52,006 |
| 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 | $1,500,000 |
| Other liabilities | $0 |
| Total liabilities | $1,552,006 |
| Net assets without donor restrictions | $505,773 |
| Net assets with donor restrictions | $18,940,957 |
| 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 | $20,998,736 |