Hinds Community College Foundation
- Assets
- $34.8m
- Revenue
- $5.6m
- Investments
- $18.9m
- Employees
- 1
- Location
- Raymond, MS
- Founding
- 07/1981
- Data as of
- 12/2021
- EIN
- 64-0622023
Organization Overview
Hinds Community College Foundation is located in Raymond, MS. The organization was established in 1981. 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. Hinds 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, Hinds Community College Foundation generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 16.4% 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
THE FOUNDATION RECEIVES FUNDS TO PROVIDE THE FOLLOWING: (1) SCHOLARSHIPS, (2) FACULTY/STAFF DEVELOPMENT, AND (3) NEW LEARNING OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO STUDENTS
ALLOCATION FOR GRANTS
ALLOCATIONS FOR COLLEGE ORGANIZATIONS AND DEPARTMENTS
OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Banes Board Member | Officer | $0 | |
Chad Bradford Board Member | Officer | $0 | |
Carolyn Boteler Board Member | Officer | $0 | |
Bill Brown Board Member | Officer | $0 | |
Lee Bush Board Member | Officer | $0 | |
Mark Chaney Board Member | Officer | $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 | $3,484,271 |
| Noncash contributions included in lines 1a–1f | $24,802 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,484,271 |
| Total Program Service Revenue | $0 |
| Investment income | $900,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$159,303 |
| Net Gain/Loss on Asset Sales | $1,348,229 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,573,901 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,839,926 |
| 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 | $143,606 |
| 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 | $13,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,827 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| 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 | $0 |
| All other expenses | $60,359 |
| Total functional expenses | $3,288,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,006,887 |
| Savings and temporary cash investments | $0 |
| 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 | $10,980,408 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $18,868,450 |
| Investments—program-related | $0 |
| Intangible assets | $940,234 |
| Other assets | $0 |
| Total assets | $34,795,979 |
| 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 | $13,880,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,880,000 |
| Net assets without donor restrictions | $1,033,566 |
| Net assets with donor restrictions | $19,882,413 |
| 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 | $34,795,979 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hinds Community College Foundation has recieved totaling $105,000.
| Awarding Organization | Amount |
|---|---|
Vicksburg Medical Foundation Vicksburg, MS PURPOSE: SCHOLARSHIPS & FACULTY DEVELOPMENT | $100,000 |
The Steve And Melody Golding Foundation Vicksburg, MS PURPOSE: CHARITABLE DONATION | $5,000 |
Endowment Analysis
| Beg. Balance | $9,871,461 |
| Net Contributions | $972,058 |
| Ending Balance | $10,843,519 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |
University Of Southern Mississippi Foundation Hattiesburg, MS | $151,472,857 | $19,113,544 |
Usmma Sailing Foundation Inc Spring Hill, TN | $32,552,654 | $5,996,554 |
Robert M Hearin Support Foundation Jackson, MS | $193,382,417 | $17,750,137 |
Middle Tennessee State University Foundation Murfreesboro, TN | $117,999,587 | $16,471,509 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |
University Of Chattanooga Foundation Inc Chattanooga, TN | $205,885,270 | $12,953,560 |
The Valley Foundation Huntsville, AL | $15,802,575 | $12,088,655 |
Jacksonville State University Foundation Jacksonville, AL | $99,989,549 | $15,547,897 |