George C Wallace State Community College Foundation
- Assets
- $10.4m
- Revenue
- $886.8k
- Investments
- $10.2m
- Employees
- 0
- Location
- Dothan, AL
- Founding
- 04/1993
- Data as of
- 12/2021
- EIN
- 63-1060933
Organization Overview
George C Wallace State Community College Foundation is located in Dothan, AL. The organization was established in 1993. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George C Wallace 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.
For the year ending 12/2021, George C Wallace State Community College Foundation generated $886.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $539.8k during the year ending 12/2021. While expenses have increased by 15.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, SPONSOR, SUPPORT AND IMPLEMENT EDUCATIONAL ACTIVITIES, OPPORTUNITIES AND SERVICES FOR THE STUDENTS, ALUMNI AND FRIENDS OF GEORGE C. WALLACE COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED SCHOLARSHIP OPPORTUNITIES TO MANY STUDENTS DURING THE YEAR.
THE FOUNDATION PROVIDED EDUCATIONAL AWARDS, SUPPLIES, ETC TO EDUCATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
B Harrison Morris Treasurer | OfficerTrustee | 0 | $0 |
Suzanne Woods Immediate Past-Chair | OfficerTrustee | 0 | $0 |
Beau Benton Chairman | OfficerTrustee | 0 | $0 |
Robert Rhoades Chairman-Elect | OfficerTrustee | 0 | $0 |
Jim Dennis Vice-Chairman | OfficerTrustee | 0 | $0 |
David Money Director | Trustee | 0 | $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 | $471,851 |
| Noncash contributions included in lines 1a–1f | $5,018 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $471,851 |
| Total Program Service Revenue | $0 |
| Investment income | $167,866 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $141,922 |
| Net Income from Fundraising Events | $105,135 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $886,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $8,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,232 |
| 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 | $9,549 |
| Total functional expenses | $539,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $154,241 |
| Pledges and grants receivable | $9,612 |
| 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 | $0 |
| Investments—other securities | $10,216,430 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,380,283 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,119,399 |
| Net assets with donor restrictions | $7,260,884 |
| 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 | $10,380,283 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that George C Wallace State Community College Foundation has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
Wiregrass Foundation Dothan, AL PURPOSE: CORE PROGRAMS | $6,500 |
The Paul & Barbara Flowers Foundation Dothan, AL PURPOSE: GENERAL FUND | $2,500 |
Endowment Analysis
| Beg. Balance | $4,376,472 |
| Earnings | $497,558 |
| Net Contributions | $155,000 |
| Ending Balance | $5,029,030 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |