Bacone College Development Corporation: Nonprofit Profile, Financials & Form 990 (EIN 73-1288960)

Revenue by fiscal year
FY2020	$2K
FY2021	$540

Expenses by fiscal year
FY2020	$4K
FY2021	$0

Net assets by fiscal year
FY2020	$2.0M
FY2021	$2.0M

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Ferlin Clark

President

$0Pt VII · Sec A

Jerome Steele

Vice President of Finance/CFO

$0Pt VII · Sec A

Leroy Thompson

VP of Academic Affairs

$0Pt VII · Sec A

Quinton Roman Nose

Chair

$0Pt VII · Sec A

W Richard West JR

Vice Chair

$0Pt VII · Sec A

Joseph Garcia

Treasurer

$0Pt VII · Sec A

Lahoma Schultz

Secretary

$0Pt VII · Sec A

Joe Bunch

Member

$0Pt VII · Sec A

See Bacone College Development Corporation executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

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

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides funds for Bacone College's charitable, scientific, and educational needs.

Questions for Bacone College Development Corporation

Tap to ask. Bacone College Development Corporation sees how many people are interested.

Your first name shows with your question. Bacone College Development Corporation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2020

01

Entity holds title to property with all income going to bacone college for its exempt purposes.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$540

Ln 12

Investment incomeLn 3$540

Money outPt IX

$0

Ln 25

Owns and owesPt X

$2.0M

net assets · Ln 32

Cash and savingsLn 1–2$92

Total assetsLn 16$2.1M

LiabilitiesLn 26$90K

PeoplePt VI, VII

15

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$540

Gains on assetsLn 7$0

Total revenueLn 12$540

Assets in detailPt X, end of year

CashLn 1$92

SavingsLn 2$0

Cash and savings togetherLn 1–2$92

InvestmentsLn 11–13$41K

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$0

Total assetsLn 16$2.1M

LiabilitiesLn 26$90K

Net assetsLn 32$2.0M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJuly

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$92	$92
InvestmentsLn 11–13	$41K	$41K
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$2.1M	$2.1M
LiabilitiesLn 26	$90K	$90K
Net assetsLn 32	$2.0M	$2.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$0
Grants to domestic individualsLn 2	$0
Grants and assistance to foreign recipientsLn 3	$0
Benefits paid to or for membersLn 4	$0
Pay of current officers, directors and key staffLn 5	$0
Pay of disqualified personsLn 6	$0
Other salaries and wagesLn 7	$0
Pension plan contributionsLn 8	$0
Other employee benefitsLn 9	$0
Payroll taxesLn 10	$0
Management feesLn 11a	$0
Legal feesLn 11b	$0
Accounting feesLn 11c	$0
Lobbying feesLn 11d	$0
Professional fundraising feesLn 11e	$0
Investment management feesLn 11f	$0
Other fees for servicesLn 11g	$0
Advertising and promotionLn 12	$0
Office expensesLn 13	$0
Information technologyLn 14	$0
RoyaltiesLn 15	$0
OccupancyLn 16	$0
TravelLn 17	$0
Travel and entertainment for public officialsLn 18	$0
Conferences, conventions and meetingsLn 19	$0
InterestLn 20	$0
Payments to affiliatesLn 21	$0
Depreciation, depletion and amortizationLn 22	$0
InsuranceLn 23	$0
Total functional expensesLn 25	$0	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest Viewing	$540	$0	$540	$2.0M	990 PDF
FY2020	$2K	$4K	−$3K	$2.0M	990 PDF

More to add? Claim this org

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 FY2021 990 (6 parts)

Part I · Summary $540 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$540

I-11 Other revenuePrior year $1,586$0

I-12 Total revenuePrior year $1,586$540

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $4,432$0

I-18 Total expensesPrior year $4,432$0

I-19 Revenue less expensesPrior year −$2,846$540

Part VI · Governance 10 of 10 board members independent, 1 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $540 across 7 lines filed

VIII-1h Total contributions, gifts and grants$0

VIII-3 Investment incomeExcluded from tax $540$540

VIII-5 Royalties$0

VIII-6 Net rental income or loss$0

VIII-7 Net gain or loss on sales of assets$0

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueExcluded from tax $540$540

Part IX · Statement of functional expenses $0 across 29 lines filed

IX-1 Grants to domestic organizations$0

IX-2 Grants to domestic individuals$0

IX-3 Grants and assistance to foreign recipients$0

IX-4 Benefits paid to or for members$0

IX-5 Pay of current officers, directors and key staff$0

IX-6 Pay of disqualified persons$0

IX-7 Other salaries and wages$0

IX-8 Pension plan contributions$0

IX-9 Other employee benefits$0

IX-10 Payroll taxes$0

IX-11a Management fees$0

IX-11b Legal fees$0

IX-11c Accounting fees$0

IX-11d Lobbying fees$0

IX-11e Professional fundraising fees$0

IX-11f Investment management fees$0

IX-11g Other fees for services$0

IX-12 Advertising and promotion$0

IX-13 Office expenses$0

IX-14 Information technology$0

IX-15 Royalties$0

IX-16 Occupancy$0

IX-17 Travel$0

IX-18 Travel and entertainment for public officials$0

IX-19 Conferences, conventions and meetings$0

IX-20 Interest$0

IX-21 Payments to affiliates$0

IX-22 Depreciation, depletion and amortization$0

IX-23 Insurance$0

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0

Part X · Balance sheet $2,111,705 assets, 24 lines filed

X-1 Cash, non-interest-bearingStart of year $92$92

X-2 Savings and temporary cash investmentsStart of year $0$0

X-3 Pledges and grants receivableStart of year $0$0

X-4 Accounts receivableStart of year $2,070,164$2,070,164

X-8 Inventories for sale or useStart of year $0$0

X-9 Prepaid expenses and deferred chargesStart of year $0$0

X-10c Land, buildings and equipment, netStart of year $0$0

X-11 Publicly traded securitiesStart of year $40,909$41,449

X-12 Other securitiesStart of year $0$0

X-13 Program-related investmentsStart of year $0$0

X-14 Intangible assetsStart of year $0$0

X-15 Other assetsStart of year $0$0

X-16 Total assetsStart of year $2,111,165$2,111,705

X-17 Accounts payable and accrued expensesStart of year $90,172$90,172

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $0$0

X-20 Tax-exempt bond liabilitiesStart of year $0$0

X-24 Unsecured notes and loans payableStart of year $0$0

X-25 Other liabilitiesStart of year $0$0

X-26 Total liabilitiesStart of year $90,172$90,172

X-27 Net assets without donor restrictionsStart of year $2,020,993$2,021,533

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year $2,020,993$2,021,533

X-33 Total liabilities and net assetsStart of year $2,111,165$2,111,705

Part XI · Reconciliation of net assets $2,021,533 net assets at year end

XI-1 Total revenue$540

XI-2 Total expenses$0

XI-3 Revenue less expenses$540

XI-4 Net assets at start of year$2,020,993

XI-10 Net assets at end of year$2,021,533

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Bacone College Development Corporation

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Bacone College Development Corporation

By the numbers

Filing history

Schedules filed Part IV