Phillips Community College Foundation
- Assets
- $2.4m
- Revenue
- $418.5k
- Investments
- $2.3m
- Employees
- 0
- Location
- Helena, AR
- Founding
- 12/1978
- Data as of
- 12/2019
- EIN
- 71-0468104
Organization Overview
Phillips Community College Foundation is located in Helena, AR. The organization was established in 1978. 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. Phillips 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 12/2019, Phillips Community College Foundation generated $418.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $447.8k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ACHIEVEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PHILLIPS COMMUNITY COLLEGE AND ITS STUDENTS ASSISTANCE IN EDUCATIONAL ACHIEVEMENT THROUGH STUDENT SCHOLARSHIPS, SERVICE AWARDS, AND OTHER FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Howe Vice Chairman - Helena | OfficerTrustee | 0 | $0 |
Chuck Roscopf Secretary/treasurer - Hele | OfficerTrustee | 0 | $0 |
Jane Ferguson Secretary/treasurer | OfficerTrustee | 0 | $0 |
Eddie Lumdsen Chairman - Dewitt | OfficerTrustee | 0 | $0 |
Carolyn Mcgraw Chairman - Stuttgart | OfficerTrustee | 0 | $0 |
Lee Ann Hoskyn Development Officer - Stut | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $438,533 |
| Investment income | $64,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,261 |
| Net Gain/Loss on Asset Sales | $72,360 |
| Net Income from Fundraising Events | -$169,522 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $418,468 |
| Statement of Expenses | |
|---|---|
| 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 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 | $34,949 |
| 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 | $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 | $2,690 |
| All other expenses | $445 |
| Total functional expenses | $447,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53 |
| Pledges and grants receivable | $3,275 |
| 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 | $884 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,335,065 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,353,835 |
| Accounts payable and accrued expenses | $5,503 |
| Grants payable | $0 |
| Deferred revenue | $44,647 |
| 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 | $50,150 |
| Net assets without donor restrictions | $199,745 |
| Net assets with donor restrictions | $2,103,940 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,303,685 |
Grants Awarded
Over the last fiscal year, Phillips Community College Foundation has awarded $225,370 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PHILLIPS COMMUNITY COLLEGE OF THE UNIVERSITY OF ARKANSAS PURPOSE: PROVIDE ASSISTANCE IN STUDENT SCHOLARSHIPS | $170,370 |
PHILLIPS COMMUNITY COLLEGE OF THE UNIVERSITY OF ARKANSAS PURPOSE: PROVIDE ASSISTANCE THROUGH CAPITAL CAMPAIGN FOR THE GRAND PRAIRIE CENTER | $55,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phillips Community College Foundation has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: FOOD BANK FOR STUDENTS | | $3,500 |
Endowment Analysis
| Beg. Balance | $1,841,165 |
| Earnings | -$78,501 |
| Grants | -$22,059 |
| Ending Balance | $1,740,605 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
University Of Mississippi Foundation Oxford, MS | $716,526,476 | $64,727,887 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Tiger Athletic Foundation Baton Rouge, LA | $492,455,521 | $67,955,012 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Ole Miss Athletics Foundation Oxford, MS | $97,065,287 | $57,643,164 |
University Of Memphis Foundation Memphis, TN | $175,396,802 | $38,710,840 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |