Snead State Junior College Foundation
- Assets
- $5.3m
- Revenue
- $1.0m
- Investments
- $2.6m
- Employees
- 0
- Location
- Boaz, AL
- Founding
- 07/1990
- Data as of
- 03/2024
- EIN
- 63-1022415
Organization Overview
Snead State Junior College Foundation is located in Boaz, AL. The organization was established in 1990. 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. Snead State Junior 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 03/2024, Snead State Junior College Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $399.2k during the year ending 03/2024. While expenses have increased by 23.1% per year over the past 9 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.
Since 2015, Snead State Junior College Foundation has awarded 20 individual grants totaling $1,436,118. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Hancock Treasurer | 0 | $0 | |
Frank Mcdaniel President | 0 | $0 | |
Shane Wilks Director | 0 | $0 | |
Senator Clay Scofield Director | 0 | $0 | |
Felicia Simpson Director | 0 | $0 | |
Bob Weathers Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $863,895 |
| Interest on Savings | $0 |
| Dividends & Interest | $160,883 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,024,778 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,972 |
| Printing and publications | $0 |
| Other expenses | $25,437 |
| Total operating and administrative expenses | $38,158 |
| Contributions, gifts, grants paid | $360,999 |
| Total expenses and disbursements | $399,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,723,307 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,280,920 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Snead State Junior College Foundation has awarded $360,999 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS STUDENTS AT SNEAD STATE COMMUNITY COLLEGE PURPOSE: TUITION FOR SCHOLARSHIP AWARDED | $66,417 |
SNEAD STATE COMMUNITY COLLEGE PURPOSE: CAPITAL CONTRIBUTIONS AND SUPPORT OF STUDENT ORGANIZATIONS PAID TO SNEAD STATE COMMUNITY COLLEGE. | $294,582 |