Tallahassee Community College Foundation, Inc.

Transcription

1 Tallahassee Community College Foundation, Inc. General Information Contact Information Nonprofit Tallahassee Community College Foundation, Inc. Address 444 Appleyard Drive Tallahassee, FL Phone (850) Fax Web Site Web Site Facebook Facebook At A Glance Organization's type of tax exempt status Name of supporting organization Exempt-Other Tallahassee Community College 1

2 Programs Programs Scholarships Description TCC Foundation raises money for scholarships and programs at Tallahassee Community College. TCC Foundation awarded over 400 scholarships to TCC students, totaling over $350,000. Budget $0.00 Category Education, General/Other Postsecondary Education Population Served,, Program Success Monitored By The success of the scholarship program at TCC Foundation is monitored by the number of students who receive scholarships and graduate from TCC. The tools used are reports from Student Services on graduation rates. 2

3 Mission & Area Served Statements Mission Statement The Tallahassee Community College Foundation is a not-for-profit corporation, which seeks private supplemental funds to add distinction to educational programs and facilities at TCC. The Foundation is guided by a board of community leaders who provide stewardship over all funds raised by the Foundation. Its mission is to support the College by strengthening connections to the community, promoting excellence in teaching, and expanding student success in a global economy. 3

4 Background Statement In January 1981, Marm Harris, TCC s second president, convinced the Board of Trustees to establish the TCC Foundation and an institutional advancement position. Prominent community leaders were recruited to serve on the Board, and on February 23, 1981, the Directors met for the first time. In September of 1981, Jeff Schembera became the first Director of Institutional Advancement. In June 1983, the Board of Trustees appointed Dr. James H. Hinson, Jr. as the third president of Tallahassee Community College. Dr. Hinson was keenly aware of the need for community college foundations, and recognized their potential for success. In January 1984, Judge W.T. Moore, representing the trustees of the Gates Trust Fund, authorized the transfer of $101,634 to the Tallahassee Community College Foundation. The fund, established in the wills of Ruby and Irvin Gates, provided educational loans for residents of Leon County. President Hinson recommended that a full time administrative position be established in 1987, and the Board of Trustees agreed. A selection committee chose Stuart Abbey to be the new Coordinator of Institutional Advancement and the Administrator of the Foundation. In the fall of 1989, Robert Browning of Browning Properties Inc. approached President Hinson with an innovative proposal- to buy property adjacent to TCC and develop a 168-unit student-housing complex. The construction and management of Eagleview, later The Orchards, was the primary occupation of the Foundation for the next six years. When T. K. Wetherell assumed the Presidency of TCC in early 1995, he recognized the need to reinvigorate the Foundation, and shift its focus from The Orchards to raising private funds. He was also convinced that the Foundation needed a full time Director. In October 1995, the Foundation Board recommended, and President Wetherell appointed, Marjorie Turnbull as the full time Executive Director. The Board was enlarged and emphasis shifted to fundraising. In 1996, the Board approved a Five Year Strategic Plan to give policy direction to the Foundation based on campus needs. The plan focused on fund raising initiatives and creating endowments. The Strategic Plan set a goal of $2 million in assets by the year That goal was attained a year ahead of schedule. As the assets of the Foundation grew, the Board recognized the need to move from investing solely in certificates of deposit to developing a diversified investment policy. Under the leadership of the Finance and Investment Committee, the Board developed a sound investment policy and contracted with The Consultant Group Smith Barney to manage the growing portfolio. In fall of 2001, the Foundation, working with the Clements Group, an outside consultant, undertook a feasibility study for a major gifts campaign. The study concluded that there existed sufficient support in the community to justify a major gifts campaign with a goal between $9 million and $10 million. The Major Gifts Campaign exceeded expectations and concluded, earlier than predicted, by March 31, The Foundation was in a position of strength following the year in which it celebrated its 25 th Anniversary in 2006 and the College celebrated its 40 th Anniversary. The College is currently planning its 50 th Anniversary celebration. As of January 2015, the Foundation s assets are approximately $14 million. In February 2015, the Foundation welcomed its new Vice President for Resource Development and Foundation Executive Director, Heather R. Mitchell. The Foundation Board is composed of a committed group of citizen leaders, who are highly regarded and widely recognized throughout the community. TCC President Jim Murdaugh is strongly committed to the work of the Foundation, and devotes time and energy toward meeting goals. The District Board of Trustees is outwardly appreciative of the role the Foundation plays in helping to meet College needs. Through the combined leadership of the Foundation Board, the President, and the DBOT, the future of the Foundation is bright and the 4

5 opportunities are endless. Impact Statement The Tallahassee Community College Foundation supports TCC by raising money for scholarships, programs, and facilities. TCC Foundation has: funded the Amy Lynette Bailey Surgical Technology Program at the Ghazvini Center for Healthcare Education. raised over $64,000 through our employee campaign with the most amount given to date. funded Starfish, an early alert system to help students be successful in their courses and connects students with important campus resources, which ensures student success and retention. renovated the Dental Hygiene labs for $1 million. renovated the STEM labs. provided microloan funding for the Oyster Aquaculture Program for the Wakulla Environmental Institute. awarded over $30,000 in College Innovation Fund grants to faculty, staff, and students who presents an innovative idea that improves the quality and/or quantity of programs and services at TCC. The TCC Foundation's goals are to raise money to support scholarships, programs, and facilities and to continue to support the mission and strategic plan of Tallahassee Community College. Needs Statement The TCC Foundation is instrumental in helping to support TCC's mission of providing a learning environment that prepares students for success in a global economy by offering higher education pathways, workforce opportunities, and civic engagement experiences. TCC s most pressing needs are: unrestricted dollars to be used for area of greatest need scholarships funding for Fostering Achievement Fellowship Program funding for Pathways to Success (Adult Education) student retention scholarships for workforce training and development Service Categories Two-Year Colleges Areas of Service Areas Served Areas Gadsden Leon Wakulla 5

6 Board & Governance Board Chair Board Chair Ms. Pam Butler Company Affiliation Aegis Business Technologies Term Apr 2015 to Mar Board Members Name Affiliation Status Mrs. Pamela S. Aveling Monte C. Bradwell King Arthur's Tools and Magic Whiteboard Products, LLC Bradwell Enterprises, Inc. J. Breck Brannen Pennington, PA Sherwood L. Brown First Commerce Credit Union Ms. Pam Butler Aegis Business Technologies Mrs. Donna G. Callaway Tallahassee Community College Exofficio Dr. Walter E. Colón Periodontal Associates of North Florida Mr. L. Finley Cook Cook Brothers, Inc. Dr. Patrick H. Dallet Community Volunteer Mrs. Marcia Deeb Thornberry Creative Design Solutions, Inc. Mr. Tom H. Deison Regional Investment Fund, Inc. Mrs. Kimberly S. Dixon Mr. C. Wayne Edwards Allen, Mooney, and Barnes Investment Advisors Murphy, Middleton, Hinkle & Parker Mrs. Almena Hill Pettit Community Volunteer Mr. Mike Illers Retired Mrs. Pamela A. Johnson Sandata Technologies Mrs. Kim Kelling Engstrom WFSU Mr. Steven M. Leoni Student Housing Solutions Management, LLC Mr. David Miller Retired Dr. Jim Murdaugh Tallahassee Community College Exofficio Dr. Randy B. Nelson 21st Century Research and Evaluations, Inc. Dr. Mary L. Pankowski Mary L. Pankowski Law Firm Mr. Hemant Patel Holiday Inn Express & Suites Mrs. Susan Payne Turner Prime Meridian Bank Randy Pople Dr. Russell B. Rainey Representative Curtis B. Richardson Pople Financial Consulting, Inc. Russell B. Rainey, DMD Gadsden County School District Mr. Brian Rowland Rowland Publishing 6

7 Mrs. Michele Shapley United Solutions Company of Tallahassee Mrs. Allison Tant Richard Community Volunteer Mrs. Beth A. Tedio Mr. Greg Thomas Uptown Cafe and Catering/ Lee's Place Florida Department of Financial Services Ms. D. Christine Thurman Thurman Law Firm, PLLC Mrs. Sherry VanLandingham Mr. Kevin Vaughn de la Valdene Family & de la Valdene Foundation Rogers, Gunter, Vaughn Insurance, Inc. Board Demographics - Ethnicity African American/Black 5 Asian American/Pacific Islander 0 Caucasian 28 Hispanic/Latino 1 Native American/American Indian 0 Other 0 1 Board Demographics - Gender Male 20 Female 15 Unspecified 0 Governance Board Term Lengths 3 Board Term Limits 0 Board Meeting Attendance % 50% Written Board Selection Criteria? Written Conflict of Interest Policy? No Percentage Making Monetary Contributions 86% Percentage Making In-Kind Contributions 0% Number of Full Board Meetings Annually 6 Standing Committees Audit Executive Finance Investment 7

8 Leadership & Staff Executive Director/CEO Executive Director Mrs. Heather R. Mitchell Term Start Feb Staff Full Time Staff 3 Part Time Staff 1 Volunteers 0 Contractors 1 Retention Rate 0% Formal Evalutations CEO Formal Evaluation CEO/Executive Formal Evaluation Frequency Senior Management Formal Evaluation Senior Management Formal Evaluation Frequency NonManagement Formal Evaluation Non Management Formal Evaluation Frequency Annually N/A N/A Annually 8

9 Plans & Collaborations Plans & Policies Organization has a Fundraising Plan? Organization has a Strategic Plan? Under Development Years Strategic Plan Considers 5 Date Strategic Plan Adopted Jan 2004 Management Succession Plan? No Organization Policy and Procedures Nondiscrimination Policy Whistleblower Policy Document Destruction Policy Directors and Officers Insurance Policy No 9

10 Financials Fiscal Year Fiscal Year Start Apr Fiscal Year End Mar Projected Revenue $378, Projected Expenses $240, Endowment Value $8,300, Spending Policy Income plus capital appreciation Percentage (if selected) 4% Form 990s Form 990 Form 990 Form 990 Detailed Financials Revenue and Expenses Total Revenue $2,207,798 $1,730,365 $2,431,990 Total Expenses $1,846,269 $1,453,370 $1,752,515 Revenue Sources Foundation and Corporation Contributions Government Contributions $0 $0 $0 Federal State Local Unspecified Individual Contributions $438,602 $632,685 $1,701,988 Indirect Public Support Earned Revenue Investment Income, Net of Losses $1,263,514 $648,465 $262,503 Membership Dues Special Events $2,869 Revenue In-Kind $497,372 $437,729 $445,933 Other $8,310 $11,486 $18,697 10

11 Expense Allocation Program Expense $1,109,239 $735,227 $1,115,911 Administration Expense $442,330 $409,336 $301,279 Fundraising Expense $294,700 $308,807 $335,325 Payments to Affiliates Total Revenue/Total Expenses Program Expense/Total Expenses 60% 51% 64% Fundraising Expense/Contributed Revenue 67% 49% 20% Assets and Liabilities Total Assets $15,985,398 $15,910,216 $15,258,383 Current Assets $4,825,241 $6,034,589 $5,485,498 Long-Term Liabilities $0 $0 $0 Current Liabilities $126,070 $412,417 $37,579 Total Net Assets $15,859,328 $15,497,799 $15,220,804 Short Term Solvency Current Ratio: Current Assets/Current Liabilities Long Term Solvency Long-Term Liabilities/Total Assets 0% 0% 0% Top Funding Sources Top Funding Source & Dollar Amount Second Highest Funding Source & Dollar Amount Third Highest Funding Source & Dollar Amount Capital Campaign Currently in a Capital Campaign? No Goal $0.00 Capital Campaign Anticipated in Next 5 Years? No State Charitable Solicitations Permit Permit? Exempt 0 Foundation Comments Financial figures were taken from the audits. Contributions from foundations and corporations are included with total for individuals, as they are not separated in the audit or 990. Top 3 funding sources are not reflected above as they are not indicated in the audit or

12 Created Copyright 2016 Community Foundation of North Florida 12