Licking Valley College Development Corporation Inc
- Assets
- $2.8m
- Revenue
- $348.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Maysville, KY
- Founding
- 04/1966
- Data as of
- 06/2021
- EIN
- 61-6039506
Organization Overview
Licking Valley College Development Corporation Inc is located in Maysville, KY. The organization was established in 1966. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Licking Valley College Development Corporation 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 06/2021, Licking Valley College Development Corporation Inc generated $348.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $274.3k during the year ending 06/2021. 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 SCHOLARSHIPS, PROGRAM SUPPORT AND BUILDING FUNDS TO THE MAYSVILLE COMMUNITY AND TECHNICAL COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED SCHOLARSHIPS TO STUDENTS ATTENDING COLLEGE
MONEY SPENT TO SUPPORT PUBLIC RELATIONS, PROGRAM SUPPORT, SPECIAL EVENT FUNDING AND DEVELOPMENT AT MAYSVILLE COMMUNITY AND TECHNICAL COLLEGE
IMPLEMENTATION OF GRANT PROGRAMS ACCORDING TO GRANT DOCUMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Avi Bear Board Chair | Trustee | 2 | $0 |
John H Sims Chairman | Trustee | 2 | $0 |
Warren Markwell Treasurer | Trustee | 5 | $0 |
Robert Helton Director | Trustee | 1 | $0 |
Lynne Pack Director | Trustee | 1 | $0 |
Richard Fuller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,209 |
| Investment income | $53,152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $79,570 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,931 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,322 |
| Advertising and promotion | $0 |
| Office expenses | $2,894 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,846 |
| All other expenses | $0 |
| Total functional expenses | $274,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,462 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,281 |
| Accounts receivable, net | $400 |
| 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 | $2,654,692 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,820,835 |
| Accounts payable and accrued expenses | $12,242 |
| 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 | $0 |
| Total liabilities | $12,242 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,808,593 |
Grants Awarded
Over the last fiscal year, Licking Valley College Development Corporation Inc has awarded $139,492 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MAYSVILLE COMMUNITY AND TECHNICAL COLLEGE PURPOSE: SCHOLARSHIPS AND OTHER QUALIFIED EXPENSES TO FURTHER THE MISSION OF MAYSVILLE COMMUNITY AND TECHNICAL COLLEGE | $99,742 |
MOREHEAD STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $39,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Licking Valley College Development Corporation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Charles E And Mary Eleizabeth Scripps Foundation Inc Ft Mitchell, KY PURPOSE: SCRIPPS TUITION GUARANTEE SCHOLARSHIPS | $15,000 |
Endowment Analysis
| Beg. Balance | $2,330,179 |
| Earnings | $390,565 |
| Admin Expense | $2,655 |
| Net Contributions | $139,295 |
| Other Expense | $119,064 |
| Grants | $140,578 |
| Ending Balance | $2,597,742 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Shoulders Fund Chicago, IL | $125,993,936 | $62,883,883 |
Voluntary Interdistrict Choice Corporation Saint Louis, MO | $12,736,595 | $40,180,054 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Cristo Rey Network Chicago, IL | $14,102,009 | $11,695,592 |
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
Battelle For Kids Hilliard, OH | $8,986,527 | $5,810,919 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |