Dyersburg State Community College Foundation
- Assets
- $9.9m
- Revenue
- -$771.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Dyersburg, TN
- Founding
- 06/1989
- Data as of
- 06/2022
- EIN
- 62-1378726
Organization Overview
Dyersburg State Community College Foundation is located in Dyersburg, TN. The organization was established in 1989. 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. Dyersburg State 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY TO BENEFIT, PROMOTE AND OTHERWISE SUPPORT THE PURPOSES OF DYERSBURG STATE COMMUNITY COLLEGE, A NOT-FOR-PROFIT STATE EDUCATIONAL INSTITUTION. THIS PURPOSE INCLUDES GRANTING SCHOLARSHIPS TO QUALIFIED STUDENTS OF DYERSBURG STATE COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Agee Chair | Officer | 2 | $0 |
Dr Charlene C White Treasurer | Officer | 2 | $0 |
Kevin Cook Vice Chair | Officer | 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 | $356,919 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $356,919 |
| Total Program Service Revenue | $0 |
| Investment income | $163,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $358,983 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$771,770 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $351,250 |
| 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 | $57,360 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,305 |
| Office expenses | $0 |
| 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 | $2,524 |
| All other expenses | $0 |
| Total functional expenses | $442,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $436,046 |
| 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 | $0 |
| Investments—publicly traded securities | $9,502,804 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,938,850 |
| Accounts payable and accrued expenses | $4,641 |
| 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 | $4,641 |
| Net assets without donor restrictions | $521,450 |
| Net assets with donor restrictions | $9,412,759 |
| 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 | $9,938,850 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Dyersburg State Community College Foundation has recieved totaling $80,846.
| Awarding Organization | Amount |
|---|---|
Eleanor And Warren Nunn Foundation Halls, TN PURPOSE: PROGRAM ENHANCEMENT DONATION | $60,000 |
Edward H & June F Lannom Jr Dyersburg, TN PURPOSE: SCHOLORSHIPS | $10,000 |
Donner Foundation Dyersburg, TN PURPOSE: CHARITABLE | $10,000 |
Baird Foundation Inc Milwaukee, WI PURPOSE: EDUCATION | $725 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $121 |
Endowment Analysis
| Beg. Balance | $5,766,201 |
| Net Contributions | $257,392 |
| Ending Balance | $6,023,593 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
University Of Mississippi Foundation Oxford, MS | $716,526,476 | $64,727,887 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
Unc Health Foundation Inc Chapel Hill, NC | $571,825,040 | $92,147,897 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |