CLARK STATE COLLEGE FOUNDATION

EIN: 310937036 501(c)(3) Education

SPRINGFIELD, OH

Total Revenue
$1,184,680
Total Expenses
$1,089,289
Total Assets
$27,393,467
Net Assets
$27,388,532
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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
OH
Principal Officer
KATHERINE HOPTRY
Tax Period
2022-07-01 to 2023-06-30

CLARK STATE COLLEGE FOUNDATION, founded in 1968, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2022. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 8% surplus.

Mission

THE FOUNDATION AIDS AND PROMOTES EDUCATION AT CLARK STATE COLLEGE AND PROVIDES SCHOLARSHIPS AND LOANS TO ITS STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $356,046

GENERAL SUPPORT OF CLARK STATE COMMUNITY COLLEGE.

Program 2
Expenses: $351,603

SCHOLARSHIPS AND LOANS - CLARK STATE'S TUITION IS VERY LOW,APPROXIMATELY $4,300 PER YEAR. BUT FOR MANY STUDENTS, THAT IS STILL OUTOF REACH. EACH YEAR THE FOUNDATION HELPS APPROXIMATELY 200 -300...

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SCHOLARSHIPS AND LOANS - CLARK STATE'S TUITION IS VERY LOW,APPROXIMATELY $4,300 PER YEAR. BUT FOR MANY STUDENTS, THAT IS STILL OUTOF REACH. EACH YEAR THE FOUNDATION HELPS APPROXIMATELY 200 -300 STUDENTSWITH AWARDS TOTALING APPROXIMATELY $350,000. GIFTS TO OUR SCHOLARHIPFUNDS CAN HELP TRANSFORM LIVES THROUGH THE POWER OF EDUCATION ANDPROVIDES OUR COMMUNITY WITH VARIOUS PROFESSIONALS. AN INVESTMENT IN OURSTUDENTS IS AN EXCELLENT INVESTMENT IN CLARK COUNTY'S ECONOMICDEVELOPMENT, AS 85% OF CLARK STATE GRADUATES STAY IN OUR COMMUNITY.

Program 3
Expenses: $163,281

THE CLARK STATE SCHOLARS PROGRAM INCLUDES STUDENTS FROM FIVE SCHOOLDISTRICTS IN CLARK AND CHAMPAIGN COUNTIES. THE PROGRAM SELECTS 40EIGHTH GRADE STUDENTS IN SPRINGFIELD, 20 EIGHTH GRADE STUDENTS...

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THE CLARK STATE SCHOLARS PROGRAM INCLUDES STUDENTS FROM FIVE SCHOOLDISTRICTS IN CLARK AND CHAMPAIGN COUNTIES. THE PROGRAM SELECTS 40EIGHTH GRADE STUDENTS IN SPRINGFIELD, 20 EIGHTH GRADE STUDENTS FROMADDITIONAL CLARK COUNTY PARTNER SCHOOLS, AND 20 EIGHTH GRADE STUDENTSFROM CHAMPAIGN COUNTY PARTNER SCHOOLS ANNUALLY TO PARTICIPATE.EACH SCHOLAR IS PARTNERED WITH A VOLUNTEER MENTOR WHOM THEY MEET WITHMONTHLY. SCHOLARS ALSO ATTEND RETREATS, AFTER SCHOOL ACTIVITY DAYS, ANDFIELD TRIPS THAT PROVIDE CAREER AND COLLEGE READINESS ACTIVITIESTHROUGHOUT THE SCHOOL YEAR, ALIGNING THIS PROGRAM WITH THE SPRINGFIELDFOUNDATION'S GOAL TO INCREASE THE COLLEGE AND CAREER READINESS FORCLARK COUNTY RESIDENTS. UPON SUCCESSFUL COMPLETION OF THE PROGRAM ANDGRADUATION FROM THEIR HIGH SCHOOL, THE SCHOLARS RECEIVE THREE YEARS OF FREE TUITION, FEES, AND BOOKS AT CLARK STATE, WHERE THEY CONTINUE TO RECEIVE ACADEMIC AND SOCIAL SUPPORT.

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $287,618
Program Service Revenue $0
Investment Income $852,270
Other Revenue $44,792
TOTAL REVENUE $1,184,680

Expense Breakdown

Grants Paid $582,187
Salaries & Benefits $242,281
Fundraising Expenses $24,828
Program Expenses $870,930
Other Expenses $264,821
TOTAL EXPENSES $1,089,289

Year-over-Year Comparison

2022 2021 Change
Revenue $1,184,680 $14,057,417 -0.9%
Expenses $1,089,289 $699,506 +0.6%
Net Income $95,391 $13,357,911 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
4
Volunteers
125

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
15
$308,310
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR JO ALICE BLONDIN College Preside 3.00
Director
$0 $65,472 $308,310
MITCH HURST Director 1.00
Director
$0 $0 $0
NETTIE CARTER-SMITH Director 1.00
Director
$0 $0 $0
SARAH MAYS Director 1.00
Director
$0 $0 $0
JOHN A BROWN Director 1.00
Director
$0 $0 $0
TERA THORNTON Director 1.00
Director
$0 $0 $0
DR ROBERT HILL Director 1.00
Director
$0 $0 $0
CINDY BARNETT Director 1.00
Director
$0 $0 $0
SASHI CHADHA Director 1.00
Director
$0 $0 $0
SUE EVANS Director 1.00
Director
$0 $0 $0
DARAGH PORTER Director 1.00
Director
$0 $0 $0
JO ANN RIGANO Director 1.00
Director
$0 $0 $0
SHARON DOYLE Director 1.00
Director
$0 $0 $0
KERRY LEE PEDRAZA Director 1.00
Director
$0 $0 $0
PEGGY NOONAN LIAISON TO COLL 1.00
Director
$0 $0 $0
PATTI PHILLIPS Chairman 1.00
Officer
$0 $0 $0
BILL BROUGHER SECRETARY-TREAS 1.00
Officer
$0 $0 $0
KATHERINE HOPTRY VICE CHAIR 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 No data No data No data No data
2024 No data No data No data No data
2023 $1,184,680 $1,089,289 $27,393,467 $95,391
2022 $14,057,417 $699,506 $26,506,282 $13,357,911
2021 $851,205 $698,068 $27,530,176 $153,137
2020 $723,489 $883,519 $22,715,110 $-160,030
2018 $1,446,794 $913,472 $21,447,358 $533,322
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