WALLACE STATE COMMUNITY COLLEGE FUTURE FOUNDATION INC

EIN: 201438564 501(c)(3) Education

HANCEVILLE, AL

Total Revenue
$1,564,917
Total Expenses
$979,859
Total Assets
$9,046,061
Net Assets
$9,042,894
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
AL
Principal Officer
DONNA GUTHRIE
Phone
2563528144
Tax Period
2024-07-01 to 2025-06-30

WALLACE STATE COMMUNITY COLLEGE FUTURE FOUNDATION INC, founded in 2004, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2017. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 69% operating margin.

Mission

TO BENEFIT THE EDUCATIONAL OBJECTIVES OF WALLACE STATE COMMUNITY COLLEGE

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,248,911
Program Service Revenue $0
Investment Income $322,941
Other Revenue $-6,935
TOTAL REVENUE $1,564,917

Expense Breakdown

Grants Paid $627,247
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $877,724
Other Expenses $352,612
TOTAL EXPENSES $979,859

Year-over-Year Comparison

2024 2023 Change
Revenue $1,564,917 $1,119,177 +0.4%
Expenses $979,859 $789,080 +0.2%
Net Income $585,058 $330,097 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
16

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY SHELTON BOARD MEMBER 1.00
Director
$0 $0 $0
BEN HARRISON BOARD MEMBER 1.00
Director
$0 $0 $0
BETTY LEETH HAYNES EMERITUS 1.00
Director
$0 $0 $0
BILLY JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
DALE GREER BOARD MEMBER 1.00
Director
$0 $0 $0
FRED CESPEDES EMERITUS 1.00
Director
$0 $0 $0
JAMIE HENDRICKS BOARD MEMBER 1.00
Director
$0 $0 $0
JIM DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN RILEY BOARD MEMBER 1.00
Director
$0 $0 $0
KELA LEPRE BOARD MEMBER 1.00
Director
$0 $0 $0
LISA MCSWAIN BOARD MEMBER 1.00
Director
$0 $0 $0
RETHA TINNEY BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD PHILLIPS BOARD MEMBER 1.00
Director
$0 $0 $0
SETH HOOPER BOARD MEMBER 1.00
Director
$0 $0 $0
TOMESA SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
VICKI KAROLEWICS EX-OFFICIO 1.00
Director
$0 $0 $0
DONNA GUTHRIE PRESIDENT 1.00
Officer
$0 $0 $0
MATTHEW LANEY TREASURER 1.00
Officer
$0 $0 $0
SHIRLEY QUATTLEBAUM VICE PRESIDENT 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,564,917 $979,859 $9,046,061 $585,058
2024 $1,119,177 $789,080 $8,175,254 $330,097
2023 $1,193,175 $741,091 $7,458,931 $452,084
2022 $2,491,571 $703,009 $6,234,798 $1,788,562
2021 $953,473 $471,478 $5,796,616 $481,995
2020 $1,068,359 $722,363 $4,393,519 $345,996
2019 $903,269 $595,384 $4,374,530 $307,885
2018 $1,503,642 $458,960 $3,895,453 $1,044,682
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