Lanier Technical College Foundation Inc

Organization Overview

Lanier Technical College Foundation Inc is located in Gainesville, GA. The organization was established in 1986. 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. Lanier Technical 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 06/2022, Lanier Technical College Foundation Inc generated $230.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $496.4k during the year ending 06/2022. 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 SUPPORT LANIER TECHNICAL COLLEGE BY ENHANCING ITS IMAGE AND EXPANDING AWARENESS AND OPPORTUNITIES OF THE COLLEGE AS A WORKFORCE DEVELOPMENT RESOURCE

Describe the Organization's Program Activity:

Part 3 - Line 4a

ADULT LITERACY - TO SOLICIT FUNDING IN SUPPORT OF AN ADULT EDUCATION PROGRAM THAT PROVIDES INSTRUCTION FOR STUDENTS TO ATTAIN A GED CREDENTIAL, PURSUE A POST-SECONDARY EDUCATION, SUCCESSFULLY ENTER THE WORKFORCE AND/OR IMPROVE THEIR ENGLISH LANGUAGE SKILLS.


INSTITUTIONAL ADVANCEMENT - TO SOLICIT FUNDING IN SUPPORT OF THE COLLEGE'S STRATEGIC PLANS FOR FUTURE GROWTH BY UPGRADING OR EXPANDING PRESENT PHYSICAL FACILITIES TO BE THE PREMIER WORKFORCE DEVELOPMENT AND TRAINING INSTITUTION IN NORTHEAST GEORGIA.


INSTRUCTIONAL PROGRAMS - TO SOLICIT FUNDING AND IN-KIND DONATIONS THAT SUPPORT AND IMPROVE INSTRUCTIONAL TRAINING PROGRAMS, WHICH ALIGN WITH COMMUNITY WORKFORCE NEEDS, AND TO PROCURE INSTRUCTIONAL EQUIPMENT FOR TECHNICAL TRAINING.


SCHOLARSHIPS - TO SOLICIT FUNDING IN SUPPORT OF SCHOLARSHIP OPPORTUNITIES THAT PROVIDE FINANCIAL ASSISTANCE TO STUDENTS SEEKING A POST-SECONDARY CREDENTIAL IN TECHNICAL TRAINING PROGRAMS WITH TUITION, BOOKS AND/OR FEES.


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Board, Officers & Key Employees

Name (title)Compensation
Brett Berto
Chair
$0
Thomas Jennings
Treasurer
$0
Lauren Armour Talley
Executive Di
$0
Chuck Carter
Trustee
$0
Brad Day
Trustee
$0
Blake House
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$222,522
Noncash contributions included in lines 1a–1f $77,045
Total Revenue from Contributions, Gifts, Grants & Similar$222,522
Total Program Service Revenue$0
Investment income $832
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $7,265
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $230,619

Grants Awarded

Over the last fiscal year, Lanier Technical College Foundation Inc has awarded $736,084 in support to 4 organizations.

Grant RecipientAmount

LANIER TECHNICAL COLLEGE

Org PageRecipient Profile

Gainesville, GA

PURPOSE: EDUCATIONAL

$264,268

LANIER TECHNICAL COLLEGE

Org PageRecipient Profile

Gainesville, GA

PURPOSE: EDUCATIONAL

$264,268

LANIER TECHNICAL COLLEGE

Org PageRecipient Profile

Gainesville, GA

PURPOSE: EDUCATIONAL

$103,774

LANIER TECHNICAL COLLEGE

Org PageRecipient Profile

Gainesville, GA

PURPOSE: EDUCATIONAL

$103,774
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Lanier Technical College Foundation Inc has recieved totaling $85,233.

Awarding OrganizationAmount
North Georgia Community Foundation

Gainesville, GA

PURPOSE: SOCIAL SERVICES

$25,000
North Georgia Community Foundation

Gainesville, GA

PURPOSE: SOCIAL SERVICES

$25,000
Athens Area Community Foundation Inc

Athens, GA

PURPOSE: EDUCATION

$25,000
Medical Center Foundation Inc

Gainesville, GA

PURPOSE: TUITION FROM JOHN A. FERGUSON

$6,233
V C & Mary A Puckett Foundation

Chicago, IL

PURPOSE: GENERAL

$4,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$998,451
Earnings-$140,837
Net Contributions$9,334
Grants$60,900
Ending Balance$806,049

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