College Heights Foundation Inc
- Assets
- $121.1m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Bowling Green, KY
- Founding
- 04/1942
- Data as of
- 12/2021
- EIN
- 61-0459494
Organization Overview
College Heights Foundation Inc is located in Bowling Green, KY. The organization was established in 1942. 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. College Heights 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 12/2021, College Heights Foundation Inc generated $12.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $7.7m during the year ending 12/2021. While expenses have increased by 3.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE AND ENCOURAGEMENT TO DESERVING STUDENTS ATTENDING WESTERN KENTUCKY UNIVERSITY THROUGH THE ADMINISTRATION OF SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SCHOLARSHIPS AND OTHER ASSISTANCE TO STUDENTS OF WESTERN KENTUCKY UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Smith President | Officer | 20 | $0 |
Jessica Carver Vice Preside | Officer | 40 | $0 |
Cynthia Wilkerson Treasurer | Officer | 20 | $0 |
Sue Miller Secretary | Officer | 8 | $0 |
Timothy Caboni Director | Trustee | 1 | $0 |
Dan Cherry Director | Trustee | 1 | $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 | $10,079,356 |
| Noncash contributions included in lines 1a–1f | $396,178 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,079,356 |
| Total Program Service Revenue | $0 |
| Investment income | $2,190,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,280,275 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,073,903 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $340,196 |
| Compensation of current officers, directors, key employees. | $340,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $255,597 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,472 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $379,149 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,373 |
| Information technology | $5,984 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,865 |
| 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 | $40,828 |
| Insurance | $0 |
| All other expenses | $18,647 |
| Total functional expenses | $7,744,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,300,431 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $894,025 |
| Investments—publicly traded securities | $102,411,395 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,470,169 |
| Total assets | $121,076,020 |
| Accounts payable and accrued expenses | $0 |
| 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 | $7,139,918 |
| Total liabilities | $7,139,918 |
| Net assets without donor restrictions | $3,254,157 |
| Net assets with donor restrictions | $110,681,945 |
| 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 | $121,076,020 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that College Heights Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Hall Foundation Inc Charlotte, NC PURPOSE: SUPPORT THE SCHOLARSHIP FUND FOR SCIENCE AND ENGINEERING AT WESTERN KENTUCKY UNIVERSITY. | $10,000 |
Endowment Analysis
| Beg. Balance | $75,177,071 |
| Earnings | $690,996 |
| Net Contributions | $6,062,670 |
| Grants | -$959,127 |
| Ending Balance | $80,971,610 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
University Of Virginia Investment Management Company Charlottesville, VA | $10,038,884,501 | $457,345,731 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
Old Dominion University Educational Foundation Norfolk, VA | $390,141,589 | $33,517,872 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |