Snead State Junior College Foundation
- Assets
- $2.3m
- Revenue
- $46.1k
- Investments
- $1.9m
- Employees
- 0
- Location
- Boaz, AL
- Founding
- 07/1990
- Data as of
- 03/2022
- 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 03/2022, Snead State Junior College Foundation generated $46.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $41.6k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Snead State Junior College Foundation has awarded 16 individual grants totaling $821,040. 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 | |
Claudette Demuth Director | 0 | $0 | |
Shane Wilks Director | 0 | $0 | |
Frank Mcdaniel President | 0 | $0 | |
Senator Clay Scofield Director | 0 | $0 | |
Dr Bobbie Glassco Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $43,063 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,998 |
| 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 | $46,061 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,194 |
| Depreciation | $0 |
| Occupancy | $1,225 |
| Travel, conferences, and meetings | $379 |
| Printing and publications | $0 |
| Other expenses | $500 |
| Total operating and administrative expenses | $4,298 |
| Contributions, gifts, grants paid | $37,316 |
| Total expenses and disbursements | $41,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $429,607 |
| 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 | $2,346,557 |
| 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 $37,316 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SNEAD STATE COMMUNITY COLLEGE PURPOSE: CAPITAL CONTRIBUTIONS AND SUPPORT OF STUDENT ORGANIZATIONS PAID TO SNEAD STATE COMMUNITY COLLEGE. | $27,663 |
VARIOUS STUDENTS AT SNEAD STATE COMMUNITY COLLEGE PURPOSE: TUITION FOR SCHOLARSHIP AWARDED | $9,653 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Snead State Junior College Foundation has recieved totaling $600.
| Awarding Organization | Amount |
|---|---|
Wendell R And Bonnie M Glassco Charitable Foundation Boaz, AL PURPOSE: CHARITABLE CONTRIBUTION | $600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jacksonville State University Foundation Jacksonville, AL | $99,989,549 | $15,547,897 |
Florida Medical Practice Plan Inc Tallahassee, FL | $6,356,277 | $9,443,720 |
Alabama High School Athletic Association Montgomery, AL | $12,167,526 | $9,029,142 |
River City Education Organization Inc Jacksonville, FL | $21,815,598 | $7,864,021 |
Georgia Gwinnett College Foundationinc Lawrenceville, GA | $177,329,540 | $11,526,847 |
Augusta University Foundation Inc Augusta, GA | $77,382,154 | $9,045,973 |
Hudsonalpha Foundation Huntsville, AL | $65,481,044 | $7,640,212 |
University Of North Florida Financing Corporation Jacksonville, FL | $185,430,007 | $11,542,145 |
Auxiliary Services Foundation Memphis, TN | $24,476,321 | $9,276,607 |
Georgia College & State University Foundation Inc Milledgeville, GA | $66,057,685 | $10,177,448 |
Highlands Day School Foundation Birmingham, AL | $18,906,069 | $7,689,613 |
Georgia Southern University Foundation Inc Statesboro, GA | $119,816,237 | $13,421,593 |