DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC

EIN: 631002142 501(c)(3)

HUNTSVILLE, AL

Total Revenue
$319,840
Total Expenses
$248,315
Total Assets
$384,250
Net Assets
$384,250
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
AL
Principal Officer
ALEXIS TONEY
Phone
2565517267
Tax Period
2023-01-01 to 2023-12-31

DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC, founded in 1989, is a small nonprofit that reported $229K in total revenue in fiscal year 2022. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $140K, a strong 61% operating margin.

Mission

TO SUPPORT THE ACTIVITIES OF DRAKE 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 (2023)

Revenue Breakdown

Contributions & Grants $240,557
Program Service Revenue $0
Investment Income $2,603
Other Revenue $76,680
TOTAL REVENUE $319,840

Expense Breakdown

Grants Paid $221,684
Salaries & Benefits $0
Fundraising Expenses $24,077
Program Expenses $222,212
Other Expenses $26,342
TOTAL EXPENSES $248,315

Year-over-Year Comparison

2023 2022 Change
Revenue $319,840 $229,288 +0.4%
Expenses $248,315 $88,860 +1.8%
Net Income $71,525 $140,428 -0.5%
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
21
Independent Members
21
Employees
N/A
Volunteers
65

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
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALKA BHARGAV MEMBER 0.50
Director
$0 $0 $0
AMBRIA LANKFORD MEMBER 0.50
Director
$0 $0 $0
ARIN ZAPF MEMBER 0.50
Director
$0 $0 $0
BRAD BURNS MEMBER 0.50
Director
$0 $0 $0
CHARLIE BURRUSS MEMBER 0.50
Director
$0 $0 $0
DANIEL KASAMBIRA MEMBER 0.50
Director
$0 $0 $0
DAVID PERSON MEMBER 1.00
Director
$0 $0 $0
DENETRA HARTZOG-MITCHELL MEMBER 0.50
Director
$0 $0 $0
JOHN MEREDITH MEMBER 0.50
Director
$0 $0 $0
KAROCKAS WATKINS MEMBER 0.50
Director
$0 $0 $0
LATONYA MUMPFIELD MEMBER 0.50
Director
$0 $0 $0
LAURA HALL MEMBER 0.50
Director
$0 $0 $0
LORI KING-TAYLOR MEMBER 0.50
Director
$0 $0 $0
PATRICIA SIMS EX-OFFICIO MEMBER 1.00
Director
$0 $0 $0
SHAVONNE CAMMACK MEMBER 0.50
Director
$0 $0 $0
TRISTA GLADISH MEMBER 0.50
Director
$0 $0 $0
VAN STRICKLAND MEMBER 1.00
Director
$0 $0 $0
ALEXIS TONEY TREASURER 2.50
Officer
$0 $0 $0
DICK REEVES VICE PRESIDENT 0.50
Officer
$0 $0 $0
DR BETH B RICHARDSON PRESIDENT 1.00
Officer
$0 $0 $0
MONA MILLER SECRETARY 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
2024 No data No data No data No data
2023 $319,840 $248,315 $384,250 $71,525
2022 $229,288 $88,860 $311,737 $140,428
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