Northwest-Shoals Community College Foundation Inc

Organization Overview

Northwest-Shoals Community College Foundation Inc is located in Muscle Shoals, AL. 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. Northwest-Shoals Community 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 03/2022, Northwest-Shoals Community College Foundation Inc generated $232.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $164.3k during the year ending 03/2022. While expenses have increased by 0.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE PRIVATE GIFTS, BEQUESTS, AND DONATIONS, AND TO ACCOUNT FOR, MANAGE, AND APPRECIATE MONEY OR PROPERTY SUBMITTED TO THE FOUNDATION. FOUNDATION FUNDS ARE DISTRIBUTED TO BENEFIT AND ADVANCE NORTHWEST-SHOALS COMMUNICTY COLLEGE AND ITS STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO RECEIVE PRIVATE GIFTS, BEQUESTS, AND DONATIONS, AND TO ACCOUNT FOR, MANAGE, AND APPRECIATE MONEY OR PROPERTY SUBMITTED TO THE FOUNDATION. FOUNDATION FUNDS ARE DISTRIBUTED TO BENEFIT AND ADVANCE NORTHWEST-SHOALS COMMUNICTY COLLEGE AND ITS STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Anthony Brewer
Treasurer
$0
Jeff Goodwin
President
$0
Dawn Robinson
CFO
$0
Penny Westmorland
Vice Preside
$0
Hilard E Whitlock
Board Chair
$0
Katie Smith
Director Of
$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$187,252
Noncash contributions included in lines 1a–1f $57,155
Total Revenue from Contributions, Gifts, Grants & Similar$187,252
Total Program Service Revenue$0
Investment income $16,843
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $28,622
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $232,717

Endowment Analysis

Beg. Balance$1,515,248
Net Contributions$84,926
Grants$65,513
Ending Balance$1,504,661

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