Gillette College Foundation
- Assets
- $14.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Gillette, WY
- Founding
- 09/1988
- Data as of
- 06/2021
- EIN
- 83-0284135
Organization Overview
Gillette College Foundation is located in Gillette, WY. The organization was established in 1988. 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. Gillette 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 06/2021, Gillette College Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $924.5k during the year ending 06/2021. 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 PROVIDE FUNDING FOR SPECIFIC PROJECTS INCLUDING STUDENT AID, EQUIPMENT AND FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SOLICITS DONATIONS FOR SCHOLARSHIPS AND PAYS THE FUNDS OUT TO DESIGNATED RECIPIENTS. THE FOUNDATION ENSURES THAT THE SCHOLARSHIPS ARE AWARDED TO QUALIFIED STUDENTS IN THE DESIGNATED PROGRAMS, ACCORDING TO THE PURPOSE OF THE VARIOUS FUNDS.
PROVIDED GILLETTE COLLEGE WITH EQUIPMENT TO PROVIDE THEIR STUDENTS WITH THE OPPORTUNITY TO LEARN USING THE LATEST TECHNOLOGIES. ALSO PROVIDED SUPPORT OF SALARY AND BENEFITS FOR ENDOWED EDUCATION CHAIR, VETERANS SERVICES DIRECTOR, AND MISCELLANEOUS TECH EQUIPMENT.
PROVIDE BOOSTER CLUB SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Gross Executive Director | Officer | 40 | $84,777 |
Justin Merryman Vice President | OfficerTrustee | 2 | $0 |
Jdavid Horning President | OfficerTrustee | 2 | $0 |
Peg Daly Smith Treasurer | OfficerTrustee | 2 | $0 |
Elizabeth Kelly Barlow Secretary | OfficerTrustee | 2 | $0 |
Wendy Hauck Vice President (until 07/2020) | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $209,212 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $808,113 |
| Noncash contributions included in lines 1a–1f | $66,876 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,017,325 |
| Total Program Service Revenue | $117,898 |
| Investment income | $34,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $109,772 |
| Net Income from Fundraising Events | -$23,409 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,256,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $346,572 |
| Grants and other assistance to domestic individuals. | $114,375 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,293 |
| Compensation of current officers, directors, key employees. | $5,629 |
| 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 | $29,500 |
| Fees for services: Lobbying | $20,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $87,524 |
| Fees for services: Other | $999 |
| Advertising and promotion | $433 |
| Office expenses | $5,228 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $538 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,905 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,026 |
| Insurance | $0 |
| All other expenses | $10,027 |
| Total functional expenses | $924,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,036 |
| Savings and temporary cash investments | $651,352 |
| Pledges and grants receivable | $640,547 |
| 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 | $2,101 |
| Net Land, buildings, and equipment | $3,226,859 |
| Investments—publicly traded securities | $9,156,491 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,117,386 |
| Accounts payable and accrued expenses | $107,467 |
| Grants payable | $0 |
| Deferred revenue | $10,670 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,679,757 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $20,832 |
| Other liabilities | $0 |
| Total liabilities | $3,818,726 |
| Net assets without donor restrictions | $2,311,103 |
| Net assets with donor restrictions | $7,987,557 |
| 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 | $14,117,386 |
Grants Awarded
Over the last fiscal year, Gillette College Foundation has awarded $2,308,095 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NOTHERN WYOMING COMMUNITY COLLEGE PURPOSE: GILLETTE CAMPUS DEPARTMENTS | $2,092,363 |
NOTHERN WYOMING COMMUNITY COLLEGE PURPOSE: GILLETTE COLLEGE FUND 20 | $215,732 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gillette College Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $4,362,321 |
| Earnings | $876,636 |
| Net Contributions | $93,281 |
| Other Expense | $129,752 |
| Ending Balance | $5,202,486 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
Colorado School Of Mines Foundation Golden, CO | $425,843,908 | $49,131,943 |
American Indian College Fund Denver, CO | $151,570,496 | $57,441,920 |
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Boise State University Foundation Inc Boise, ID | $181,429,408 | $23,699,772 |
University Of Montana Foundation Missoula, MT | $300,141,439 | $43,572,466 |
University Of Idaho Foundation Inc Moscow, ID | $461,396,601 | $57,102,014 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
Montana State University Foundation Bozeman, MT | $271,741,291 | $31,692,855 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |