Central Wyoming College Foundation
- Assets
- $25.2m
- Revenue
- $3.2m
- Investments
- $792.2k
- Employees
- 0
- Location
- Riverton, WY
- Founding
- 09/1968
- Data as of
- 06/2023
- EIN
- 83-6009533
Organization Overview
Central Wyoming College Foundation is located in Riverton, WY. The organization was established in 1968. 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. Central Wyoming 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 06/2023, Central Wyoming College Foundation generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Central Wyoming College Foundation has awarded 18 individual grants totaling $8,450,776. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
(A) PROMOTE AND EXTEND FINANCIAL ASSISTANCE TO THE EDUCATIONAL INSTITUTION ESTABLISHED BY THE FREMONT COUNTY COMMUNITY COLLEGE DISTRICT CONDUCTING ITS AFFAIRS AS CENTRAL WYOMING COLLEGE, AND ITS VARIOUS EDUCATIONAL PROGRAMS AND OTHER COLLEGE SPONSORED ACTIVITIES, FROM SOURCES OTHER THAN THOSE AVAILABLE TO THE COLLEGE FROM FEES, TUITIONS, OR OTHER ASSESSMENTS AUTHORIZED BY LAW. (B) TO PROVIDE SCHOLARSHIPS, GRANTS-IN-AID AND LOANS TO STUDENTS ENROLLED IN CENTRAL WYOMING COLLEGE;(C) TO PROVIDE OTHER FORMS OF ASSISTANCE AS MAY BE OF BENEFIT TO THE PROGRAMS AND ACTIVITIES OF CENTRAL WYOMING COLLEGE.(D) TO ASCERTAIN FROM OFFICIALS OF CENTRAL WYOMING COLLEGE ITS NEEDS FOR ENHANCEMENT AND SUPPORT OF PROGRAMS AND ACTIVITIES CONDUCTED BY THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIP ASSISTANCE TO CENTRAL WYOMNG COLLEGE STUDENTS.
PROVIDE FINANCIAL ASSISTANCE TO VARIOUS PROGRAMS AT CENTRAL WYOMING COLLEGE. PROGRAMS ASSISTED INCLUDE: NURSING, STUDENT LIFE, ART, EQUINE STUDIES, LIBRARY, MUSIC, THEATER, AND FACULTY DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Sweeney President | OfficerTrustee | 1 | $0 |
Tammy Linton Vice President | OfficerTrustee | 1 | $0 |
Nicole Schoening Secretary | OfficerTrustee | 1 | $0 |
Reg Phillips Treasurer | OfficerTrustee | 1 | $0 |
Rob Olson Director | Trustee | 1 | $0 |
Jackie Dorothy Director | Trustee | 1 | $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 | $2,061,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,061,500 |
| Total Program Service Revenue | $423,611 |
| Investment income | $388,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,675 |
| Net Gain/Loss on Asset Sales | $253,945 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,199,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,536,588 |
| 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. | $145,856 |
| Compensation of current officers, directors, key employees. | $74,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,902 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,312 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56 |
| Fees for services: Accounting | $21,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,140 |
| Advertising and promotion | $121,561 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,766 |
| Travel | $8,293 |
| 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 | $9,567 |
| Insurance | $5,406 |
| All other expenses | $72,888 |
| Total functional expenses | $3,454,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $868,999 |
| Savings and temporary cash investments | $1,529,067 |
| Pledges and grants receivable | $47,619 |
| Accounts receivable, net | $2,455 |
| 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 | $126,772 |
| Investments—publicly traded securities | $21,805,551 |
| Investments—other securities | $792,233 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,172,696 |
| Accounts payable and accrued expenses | $109 |
| Grants payable | $0 |
| Deferred revenue | $265,580 |
| 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 | $8,774,318 |
| Total liabilities | $9,040,007 |
| Net assets without donor restrictions | $1,240,054 |
| Net assets with donor restrictions | $14,892,635 |
| 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 | $25,172,696 |
Grants Awarded
Over the last fiscal year, Central Wyoming College Foundation has awarded $2,536,588 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL WYOMING COLLEGE PURPOSE: PROGRAM SUPPORT | $2,049,860 |
CENTRAL WYOMING COLLEGE PURPOSE: SCHOLARSHIPS | $486,728 |