Southwest Tennessee Community College Foundation
- Assets
- $6.2m
- Revenue
- $492.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 10/1982
- Data as of
- 06/2021
- EIN
- 62-1105769
Organization Overview
Southwest Tennessee Community College Foundation is located in Memphis, TN. The organization was established in 1982. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Southwest Tennessee 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 06/2021, Southwest Tennessee Community College Foundation generated $492.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $1.4m 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 ENHANCE THE MISSION OF SOUTHWEST TN COMMUNITY COLLEGE THROUGH FINANCIAL SUPPORT OF PROGRAMS AND FACILITIES TO BROADEN EDUCATIONAL OPPORTUNITIES FOR STUDENTS, FACULTY AMD STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS GRANTED TO SOUTHWEST TN COMMUNITY COLLEGE TO AWARD SCHOLARSHIPS TO STUDENTS ENROLLED IN VARIOUS PROGRAMS AT THE COLLEGE.
CAPITAL PROJECT FUNDING FOR THE INDUSTRIAL READINESS TECHNOLOGY RENOVATION.
PROVIDE FINANCIAL SUPPORT OF PROGRAMS AT SOUTHWEST TN COMMUNITY COLLEGE TO ASSIST THE EDUCATIONAL ADVANCEMENT AND TRAINING OF STUDENTS ENROLLED IN THE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Thomas Deutsch Secretary-Treasurer | OfficerTrustee | 0.4 | $0 |
Ann Langston Interim President | OfficerTrustee | 0.4 | $0 |
Mary Lee Vice President | OfficerTrustee | 0.4 | $0 |
Dr Tracy D Hall President, Southwest Tennessee | Trustee | 0.6 | $0 |
Paul Calame Trustee | Trustee | 0.4 | $0 |
Sam Chafetz Trustee | Trustee | 0.4 | $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 | $267,608 |
| Noncash contributions included in lines 1a–1f | $37,860 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,608 |
| Total Program Service Revenue | $0 |
| Investment income | $224,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $491,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,407,728 |
| 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 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,692 |
| Advertising and promotion | $0 |
| Office expenses | $397 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,410,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $533,318 |
| Pledges and grants receivable | $16,562 |
| Accounts receivable, net | $1,979 |
| 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 | $0 |
| Investments—publicly traded securities | $5,623,284 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,175,143 |
| Accounts payable and accrued expenses | $13,860 |
| 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 | $13,860 |
| Net assets without donor restrictions | $1,264,838 |
| Net assets with donor restrictions | $4,896,445 |
| 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 | $6,175,143 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Southwest Tennessee Community College Foundation has recieved totaling $51,523.
| Awarding Organization | Amount |
|---|---|
Tennessee State Collaborative On Reforming Education Nashville, TN PURPOSE: AWARD | $50,000 |
Hollingsworth Logistics Group Foundation Dearborn, MI PURPOSE: SCHOLARSHIP | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Endowment Analysis
| Beg. Balance | $1,666,766 |
| Earnings | $376,736 |
| Net Contributions | $4,912 |
| Ending Balance | $2,048,414 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Emory University Decatur, GA | $5,794,825 | $19,416,810 |
Troy University Foundation Troy State University, AL | $216,795,680 | $14,891,109 |
Crown College Powell, TN | $16,563,165 | $8,650,181 |
University Of Central Arkansas Foundation Inc Conway, AR | $76,302,395 | $12,983,167 |
Amridge University Inc Montgomery, AL | $15,939,891 | $8,229,129 |
Appalachian College Of Pharmacy Oakwood, VA | $36,195,397 | $7,728,362 |
Austin Peay State University Foundation Clarksville, TN | $60,731,234 | $13,661,420 |
University Of Tennessee Research Foundation Knoxville, TN | $82,756,683 | $8,787,700 |
School Of Media And Journalism Foundation Of North Carolina Inc Chapel Hill, NC | $50,008,414 | $6,859,944 |
Calvary University Kansas City, MO | $12,316,825 | $1,875,961 |
Virginia Commonwealth University Real Estate Foundation Richmond, VA | $95,872,198 | $7,982,693 |
Western Carolina University Foundation Cullowhee, NC | $76,335,154 | $7,286,676 |