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COLLEGE FOUNDATION INC

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Public IRS 990 nonprofit record

COLLEGE FOUNDATION INC

EIN 61-6035281 · Education (B110)

What they do

THE COLLEGE FOUNDATION, INC. WAS FOUNDED to SUPPORT THE MISSION of HENDERSON COMMUNITY COLLEGE BY RAISING FUNDS and AWARENESS THROUGHOUT THE COMMUNITY. IT is A SEPARATE NOT-FOR-PROFIT 501(C)(3) ORGANIZATION, LED BY AN INDEPENDENT BOARD of DIRECTORS. THE PRIMARY PURPOSES of THE FOUNDATION INCLUDE ADVANCING THE VISION, MISSION, GOALS, and OBJECTIVES of HCC AND: CATALYST, LEADERSHIP, and COORDINATION for THE PRIVATE-SECTOR RESOURCE DEVELOPMENT PROGRAMS and ACTIVITIES of HENDERSON COMMUNITY COLLEGE. RAISE PRIVATE FUNDS for COLLEGE-WIDE INITIATIVES and NEEDS. PROVIDE OVERSIGHT and GUIDANCE for THE MANAGEMENT and INVESTMENT of PRIVATE FUNDS. FRIEND-RAISER and ADVOCATE for HENDERSON COMMUNITY COLLEGE. ADVISOR to HENDERSON COMMUNITY COLLEGE PRESIDENT.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $70.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders21 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

11.39%of revenue went to mission work70.8% of expenses · Program services
$16.08spent for every $100 of revenueRevenue covered expenses this year.
4.69%of revenue went to management and office costs29.2% of expenses
$49.14in assets for every $1 spent this yearSome assets cannot be spent right away.
35.4%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$409,337
Mission workProgram services$46,63011.39% of revenue70.8% of expenses
ManagementOffice and general costs$19,1914.69% of revenue29.2% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$343,51683.92% of revenueShown in gray on the chart
Total expenses$65,82116.08% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 70.8% mission · 29.2% management · 0.0% fundraisingTotal expenses: 16.08% of revenue
2023Expense mix: 90.7% mission · 9.3% management · 0.0% fundraisingTotal expenses: 37.18% of revenue
2022Expense mix: 88.6% mission · 11.4% management · 0.0% fundraisingTotal expenses: 36.38% of revenue
2021Expense mix: 97.3% mission · 2.7% management · 0.0% fundraisingTotal expenses: 234.44% of revenue
2020Expense mix: 96.1% mission · 3.9% management · 0.0% fundraisingTotal expenses: 45.38% of revenue
2019Expense mix: 90.1% mission · 9.9% management · 0.0% fundraisingTotal expenses: 114.24% of revenue
2018Expense mix: 82.7% mission · 17.3% management · 0.0% fundraisingTotal expenses: 104.47% of revenue
2017Expense mix: 90.7% mission · 9.3% management · 0.0% fundraisingTotal expenses: 226.12% of revenue

Money in and money out

Revenue$409,337
Expenses$65,821
Annual surplus $343,516 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$46,630 · 70.8% of expenses
Management and office costs$19,191 · 29.2% of expenses
See all reported dollar amounts
Revenue$409,337
Expenses$65,821
Assets$3,234,192
Income$409,337
Contributions$144,963
Mission work (program services)$46,630
Grants given$1,910,802
Average grant$136,486
Management and general$19,191
Stocks and bonds$2,945,061
Accounting fees$13,006
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (21)

JINGER CARTERCHAIR

WHITNEY FLOYDDIRECTOR

TAMIKA JOHNSONDIRECTOR

SUSIE WATKINSDIRECTOR

STEVE ARNETTDIRECTOR

SANDY FREEBURGERDIRECTOR

PAM CORNETTDIRECTOR

MEREDITH POWELLDIRECTOR

LINDSAY DURBINDIRECTOR

LINDA WHITEDIRECTOR

JUDGE RENE WILLIAMSSECRETARY/TR

BECKY CARROLLDIRECTOR

JENNIFER PRESTONEXECUTIVE DI

JASON WARRENDIRECTOR

DORIS RAZZANO-MARSHALLDIRECTOR

COOPER LILLYSECRETARY/TR

CHARLES JOHNSONVICE-CHAIR

BRIAN NEWMANDIRECTOR

BRIAN HAWKESDIRECTOR

BOBBIE JARRETTDIRECTOR

BILL GENTRYDIRECTOR

About this charity

Recognized since
January 1957
Location
2260 S GREEN STREET, HENDERSON, KY 42420-0000
County
Henderson
In care of
JENNIFER PRESTON
Primary officer
JENNIFER PRESTON, EXECUTIVE DIRECTOR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
KEMPER CPA GROUP LLP
NTEE classification
Education (B110)
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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