Walker College Foundation FY2020 filing

Tax-deductible

Jasper, AL501(c)(3)Foundations & GrantmakersEIN 63-0369216Revenue $2.1M in FY2020

On file with the IRSwcfdn.orgPo Box 2228, 35502-2228 · Jasper, ALTax-exempt since Oct 2019Publicly supported charity — 170(b)(1)(A)(vi)

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Walker College foundations purpose is to manage and administer donations and investments as scholarships and support to students from the surrounding area who will be attending College.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$73K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.4M a year · 74% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$73K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $212K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
Spent
$430K
To programs
96%
Net assets
$14.2M
By yearFY2020–FY2024
Revenue
$2.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$2.7M
FY2022−$1.2M
FY2023$2.6M
FY2024$3.2M
Expenses
$430K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$430K
FY2021$477K
FY2022$517K
FY2023$519K
FY2024$516K
Net assets
$14.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$14.2M
FY2021$16.5M
FY2022$14.8M
FY2023$16.8M
FY2024$19.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $413K Management & general 4% · $18K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $73K paid to officers and key staff.

Part VII, Section A · reportable compensation
$73,200Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Holly Trawick’s $83K as Ex Dir is at the 18th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Holly Trawick$83,000$83,000$73,000$73,200$73,200

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Walker College Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides scholarships and financial support to local students attending college.

Questions for Walker College Foundation

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Provided by the organization

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1 program · $413K · in their own filed words · FY2020
01

Walker college foundations purpose is to manage and adminster donations and investments as scholarships and support to students from the surrounding area who will be attending college.

$413Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 1 grant · $246K · 2023–2023
Unitemized GrantFY2023$246,337

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Investment incomeLn 3$1.6M
Gifts and grantsLn 1h$532K
Other incomeLn 4–11$12K
Money outPt IX
$430K
Ln 25
Programscol B$413K
Managementcol C$18K
Owns and owesPt X
$14.2M
net assets · Ln 32
Cash and savingsLn 1–2$108K
Total assetsLn 16$14.2M
LiabilitiesLn 26$2K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$532K
Government grantsLn 1e$532K
Investment incomeLn 3$1.6M
Other incomeLn 4–11$12K
Gains on assetsLn 7$121K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
SavingsLn 2$108K
Cash and savings togetherLn 1–2$108K
InvestmentsLn 11–13$14.0M
Land, buildings, equipmentLn 10c$69K
Total assetsLn 16$14.2M
LiabilitiesLn 26$2K
Net assetsLn 32$14.2M
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$106K$108K
InvestmentsLn 11–13$12.3M$14.0M
Land, buildings, equipmentLn 10c$70K$69K
Total assetsLn 16$12.5M$14.2M
LiabilitiesLn 26$3K$2K
Net assetsLn 32$12.5M$14.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$73K$67K$6K
Other employee benefitsLn 9$10K$9K$800
Payroll taxesLn 10$6K$5K$448
Legal feesLn 11b$25$23$2
Accounting feesLn 11c$10K$9K$792
Investment management feesLn 11f$80K$73K$6K
Office expensesLn 13$4K$4K$360
Depreciation, depletion and amortizationLn 22$428$428
Other expenses (24a–d)Ln 24$17K$16K$1K
All other expensesLn 24e$230K$229K$2K
Total functional expensesLn 25$430K$413K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.2M$516K$2.7M$19.5M 990 PDF
FY2023 $2.6M$519K$2.1M$16.8M 990 PDF
FY2022 −$1.2M$517K−$1.7M$14.8M 990 PDF
FY2021 $2.7M$477K$2.2M$16.5M 990 PDF
FY2020 Viewing $2.1M$430K$1.7M$14.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $2,133,478 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $256,653$531,818
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,389,626$1,590,072
I-11 Other revenuePrior year $21,374$11,588
I-12 Total revenuePrior year $2,667,653$2,133,478
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $88,585$88,800
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $401,550$341,587
I-18 Total expensesPrior year $490,135$430,387
I-19 Revenue less expensesPrior year $2,177,518$1,703,091
Part VI · Governance 16 of 16 board members independent, 4 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,133,478 across 6 lines filed
VIII-1e Government grants$531,818
VIII-1h Total contributions, gifts and grants$531,818
VIII-3 Investment incomeRelated to mission $1,468,822$1,468,822
VIII-5 RoyaltiesRelated to mission $11,588$11,588
VIII-7 Net gain or loss on sales of assetsRelated to mission $121,250$121,250
VIII-12 Total revenueRelated to mission $1,601,660 · Unrelated business $0 · Excluded from tax $0$2,133,478
Part IX · Statement of functional expenses $430,387 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $67,344 · Management $5,856$73,200
IX-9 Other employee benefitsPrograms $9,200 · Management $800$10,000
IX-10 Payroll taxesPrograms $5,152 · Management $448$5,600
IX-11b Legal feesPrograms $23 · Management $2$25
IX-11c Accounting feesPrograms $9,108 · Management $792$9,900
IX-11f Investment management feesPrograms $73,228 · Management $6,368$79,596
IX-13 Office expensesPrograms $3,724 · Management $360$4,084
IX-22 Depreciation, depletion and amortizationPrograms $428$428
IX-24 Other expenses (24a–d)Programs $15,832 · Management $1,377$17,209
IX-24e All other expensesPrograms $228,750 · Management $1,595$230,345
IX-25 Total functional expensesPrograms $412,789 · Management $17,598 · Fundraising $0$430,387
Part X · Balance sheet $14,209,098 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $106,308$108,137
X-9 Prepaid expenses and deferred chargesStart of year $2,366$2,366
X-10c Land, buildings and equipment, netStart of year $69,712$69,284
X-11 Publicly traded securitiesStart of year $12,327,804$14,029,311
X-16 Total assetsStart of year $12,506,190$14,209,098
X-17 Accounts payable and accrued expensesStart of year $2,624$2,441
X-26 Total liabilitiesStart of year $2,624$2,441
X-27 Net assets without donor restrictionsStart of year $6,702,813$7,370,932
X-28 Net assets with donor restrictionsStart of year $5,800,753$6,835,725
X-32 Total net assets or fund balancesStart of year $12,503,566$14,206,657
X-33 Total liabilities and net assetsStart of year $12,506,190$14,209,098
Part XI · Reconciliation of net assets $14,206,657 net assets at year end
XI-1 Total revenue$2,133,478
XI-2 Total expenses$430,387
XI-3 Revenue less expenses$1,703,091
XI-4 Net assets at start of year$12,503,566
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,206,657

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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