Columbia State Community College Foundation
Fiscal Year
Fiscal Year Start
07/01/2024
Fiscal Year End
06/30/2025
Projected Revenue
$1,116,400.00
Projected Expenses
$1,498,800.00
Organizational Budgets and Other Documents
| CSCCF 23-24 Budget | 2025 |
| CSCCF 23-24 Budget | 2024 |
| CSCCF 22-23 Budget | 2023 |
| Projected Budget | 2020 |
IRS Letter of Exemption
| CSCCF IRS Tax Determination Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $1,447,389.00 | $5,172,473.00 | |
| Total Expenses | $720,581.00 | $4,513,208.00 | |
| Revenue Less Expenses | ($-0.00) | $726,808.00 | $659,265.00 |
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 | $3,500.00 | $3,250.00 | |
| Contributions, Gifts, and Grants | $626,465.00 | $4,244,341.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $0.00 | $0.00 | |
| Investment Income, Net of Losses | $800,256.00 | $834,172.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $3,833.00 | $6,692.00 | |
| Revenue In-Kind | $13,335.00 | $84,018.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $614,216.00 | $606,806.00 | |
| Administration Expense | $106,273.00 | $52,459.00 | |
| Fundraising Expense | $92.00 | $0.00 | |
| Total Revenue/Total Expenses | 201% | 785% | |
| Program Expense/Total Expenses | 85% | 92% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Investment Income $800,256.00 | Contributions, Gifts, and Grants $4,244,341.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, & Grants $626,465.00 | Investment Income $834,172.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Noncash Contributions $13,335.00 | Noncash Contributions $84,018.00 |
Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $20,701,169.00 | $19,332,938.00 | |
| Current Assets | $4,283,568.00 | $4,513,474.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $123,647.00 | $174,046.00 | |
| Total Net Assets | $20,577,522.00 | $19,158,892.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$12,556,082.06
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
Solicitations Permit
Form 990s
| CSCCF 990 2022-2023 | 2023 |
| CSCCF 990 21-22 | 2022 |
| CSCCF 990 | 2021 |
| CSCCF 990 | 2020 |
| CSCCF 990 | 2019 |
| CSCCF 990 | 2018 |
| CSCCF 990 | 2017 |
| CSCCF 990 | 2016 |
| CSCCF 990 | 2015 |
| CSCCF 990 | 2014 |
| CSCCF 990 | 2013 |
| CSCCF_990 | 2012 |
| CSCCF_990 | 2011 |
| CSCCF 990 | 2010 |
| CSCCF 990 | 2009 |
| CSCCF 990 | 2008 |
| CSCCF 990 | 2007 |
| CSCCF 990 | 2006 |
| CSCCF 990 | 2005 |
| CSCCF 990 | 2004 |
| CSCCF 990 | 2003 |
| CSCCF 990 | 2002 |
| CSCCF 990 | 2001 |
Audit Documents
| CSCCF Treasurer's Report | 2012 |
| 2009-2010_CSCCF_Audit | 2011 |
| 2005_2006_CSCCF_Audit | 2007 |
CEO/Executive Director/Board Comments
| A major focus 2012-15 is to raise $4 million in match funding for a state contribution of $32.8 million to construct new campus in Williamson County. A community match is required to draw down funds from the state for the design and construction of a new campus on 36 acres of land in Williamson County secured in late 2011. This campus will replace the single building the College has outgrown over the last 30 years. The architectural design has been completed. Additionally, as federal and state dollars are reduced and tuition increases, the Foundation is all the more aware of the impact scholarships can have on students' ability to put together the financial resources needed. The Foundation would like to increase the number and amount of scholarships awarded. Complete long-term success is seen when students obtain their educational and employment goals and then give back to the Foundation to continue the help that was once afforded to them. Others in the community are impacted by the success of students and see value in supporting the various scholarship funds. |
Foundation Staff Comments
| Financials taken from the 990. 990 completed by Kraft CPAs, PLLC.This organization is EXEMPT from the requirement to file annually with the TN Dept. of Charitable Solicitations and Gaming. Comment provided by Hayley Sulfridge 8/2/24. |
