Southeast Community College Educational Fdn
- Assets
- $34.9m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 10/1975
- Data as of
- 06/2022
- EIN
- 51-0168407
Organization Overview
Southeast Community College Educational Fdn is located in Lincoln, NE. The organization was established in 1975. 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. Southeast Community College Educational Fdn 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, Southeast Community College Educational Fdn generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $5.0m during the year ending 06/2022. While expenses have increased by 13.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION ACTS PRIMARILY AS A FUNDRAISING ORGANIZATION TO PROVIDE SUPPORT OF THE COLLEGE. IT PROVIDES SCHOLARSHIPS AND DEVELOPS AND EXTENDS THE FACILITIES AND SERVICES OF THE SOUTHEAST COMMUNITY COLLEGE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS FOR STUDENTS AT SOUTHEAST COMMUNITY COLLEGE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Jorgens Treasurer | OfficerTrustee | 3 | $0 |
Michelle Birkel Ex Director, | Officer | 15 | $0 |
Jack Huck Ex Director, | OfficerTrustee | 15 | $0 |
Michael Casey Board Member | Trustee | 1 | $0 |
Jay Dunlap Board Member | Trustee | 1 | $0 |
Ben Kiser President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,521,971 |
| Investment income | $999,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100,000 |
| Net Gain/Loss on Asset Sales | $1,854,162 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,534,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,780,596 |
| 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 | $104,769 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,589 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $109,980 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,117 |
| Information technology | $11,546 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $760 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,041,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,502 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $255,106 |
| Accounts receivable, net | $59,064 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $33,662,673 |
| Intangible assets | $0 |
| Other assets | $83,046 |
| Total assets | $34,869,920 |
| Accounts payable and accrued expenses | $16,430 |
| 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 | $26,933 |
| Total liabilities | $43,363 |
| Net assets without donor restrictions | $1,799,436 |
| Net assets with donor restrictions | $33,027,121 |
| 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 | $34,826,557 |