Nashville State Community College Foundation
Fiscal Year
Fiscal Year Start
07/01/2024
Fiscal Year End
06/30/2025
Projected Revenue
$1,545,750.00
Projected Expenses
$1,559,000.00
Organizational Budgets and Other Documents
| FY2025 Budget | 2025 |
| FY23 Budget | 2023 |
| FY22 Budget | 2022 |
| FY21 Budget | 2021 |
IRS Letter of Exemption
| Nashville State Community College Foundation 501c3 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $2,647,628.00 | $1,585,662.00 | |
| Total Expenses | $1,690,612.00 | $1,462,468.00 | |
| Revenue Less Expenses | ($-0.00) | $957,016.00 | $123,194.00 |
Revenue Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $458,824.00 | $600,887.00 | |
| Contributions, Gifts, and Grants | $2,001,163.00 | $878,818.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $0.00 | $0.00 | |
| Investment Income, Net of Losses | $86,381.00 | $34,847.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $101,260.00 | $71,110.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $1,555,069.00 | $1,336,911.00 | |
| Administration Expense | $135,543.00 | $125,737.00 | |
| Fundraising Expense | $0.00 | $0.00 | |
| Total Revenue/Total Expenses | 157% | 108% | |
| Program Expense/Total Expenses | 92% | 91% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $2,001,163.00 | Government Grants $600,887.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Government Grants $458,824.00 | Contributions, Gifts, and Grants $878,818.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $101,260.00 | Fundraising Events $71,110.00 |
Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,536,587.00 | $2,183,166.00 | |
| Current Assets | $5,570,667.00 | $1,235,171.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $3,056,760.00 | $46,522.00 | |
| Total Net Assets | $3,479,827.00 | $2,136,644.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$1,577,100.62
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Exempt
Form 990s
Audit Documents
| NSCC Foundation Audited Financials 2023 | 2023 |
| NSCC Foundation Audited Financials 2022 | 2022 |
| NSCCF 2021 Audit | 2021 |
| NSCCF 2020 Unaudited Financials | 2020 |
| NSCCF 2018 & 2019 Audit | 2019 |
| NSCCF 2016 & 2017 Audit | 2017 |
| NSCCF 2015 Audit | 2015 |
| NSCCF 2013 Audit | 2013 |
| NSCCF 2011 Audit | 2011 |
| NSCCF 2009 Audit | 2009 |
CEO/Executive Director/Board Comments
| When donors invest in community college students, they impact the quality of life in our community. A degree or technical certificate creates a ripple effect of increased earning potential, economic contribution, community involvement, and new opportunities for generations to come. Because the Foundation's needs differ in scope from those of traditional higher education institutions, every dollar of support for our programs and students goes further, faster. |
Foundation Staff Comments
| Financial figures are taken from the 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. 990 was prepared by Taylor Polson & Co, PSC. Comments provided by Hayley Sulfridge 10/25/24. |
