Tallahassee Community College Foundation, Inc.

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Tallahassee Community College Foundation, Inc.

General Information

Contact Information

Nonprofit _{Tallahassee Community College Foundation, Inc.}

Address _{444 Appleyard Drive}

Tallahassee, FL 32304

Phone (850) 201-8580

Fax 850 201-8572

Web Site Web Site

Facebook Facebook

Email _{foundation@tcc.fl.edu}

At A Glance

Organization's type of tax exempt status _Exempt-Other

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Programs

Scholarships

Description TCC Foundation raises money for scholarships and programs at

Tallahassee Community College. TCC Foundation awarded over 400 scholarships to TCC students, totaling over $350,000.

Budget $0.00

Category Education, General/Other Postsecondary Education Population Served , ,

Program Success Monitored By The success of the scholarship program at TCC Foundation is monitored

by the number of students who receive scholarships and graduate from TCC. The tools used are reports from Student Services on graduation rates.

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3 Mission & Area Served

Statements

Mission Statement

The Tallahassee Community College Foundation is a not-for-profit corporation, which seeks private

supplemental funds to add distinction to educational programs and facilities at TCC. The Foundation is guided by a board of community leaders who provide stewardship over all funds raised by the Foundation. Its mission is to support the College by strengthening connections to the community, promoting excellence in teaching, and expanding student success in a global economy.

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Background Statement

In January 1981, Marm Harris, TCC’s second president, convinced the Board of Trustees to establish the TCC Foundation and an institutional advancement position. Prominent community leaders were recruited to serve on the Board, and on February 23, 1981, the Directors met for the first time. In September of 1981, Jeff Schembera became the first Director of Institutional Advancement.

In June 1983, the Board of Trustees appointed Dr. James H. Hinson, Jr. as the third president of Tallahassee Community College. Dr. Hinson was keenly aware of the need for community college foundations, and recognized their potential for success.

In January 1984, Judge W.T. Moore, representing the trustees of the Gates Trust Fund, authorized the transfer of $101,634 to the Tallahassee Community College Foundation. The fund, established in the wills of Ruby and Irvin Gates, provided educational loans for residents of Leon County.

President Hinson recommended that a full time administrative position be established in 1987, and the Board of Trustees agreed. A selection committee chose Stuart Abbey to be the new Coordinator of Institutional

Advancement and the Administrator of the Foundation.

In the fall of 1989, Robert Browning of Browning Properties Inc. approached President Hinson with an innovative proposal- to buy property adjacent to TCC and develop a 168-unit student-housing complex. The construction and management of Eagleview, later The Orchards, was the primary occupation of the Foundation for the next six years.

When T. K. Wetherell assumed the Presidency of TCC in early 1995, he recognized the need to reinvigorate the Foundation, and shift its focus from The Orchards to raising private funds. He was also convinced that the Foundation needed a full time Director. In October 1995, the Foundation Board recommended, and President Wetherell appointed, Marjorie Turnbull as the full time Executive Director. The Board was enlarged and emphasis shifted to fundraising.

In 1996, the Board approved a Five Year Strategic Plan to give policy direction to the Foundation based on campus needs. The plan focused on fund raising initiatives and creating endowments. The Strategic Plan set a goal of $2 million in assets by the year 2000. That goal was attained a year ahead of schedule.

As the assets of the Foundation grew, the Board recognized the need to move from investing solely in certificates of deposit to developing a diversified investment policy. Under the leadership of the Finance and Investment Committee, the Board developed a sound investment policy and contracted with The Consultant Group Smith Barney to manage the growing portfolio.

In fall of 2001, the Foundation, working with the Clements Group, an outside consultant, undertook a feasibility study for a major gifts campaign. The study concluded that there existed sufficient support in the community to justify a major gifts campaign with a goal between $9 million and $10 million. The Major Gifts Campaign exceeded expectations and concluded, earlier than predicted, by March 31, 2006.

The Foundation was in a position of strength following the year in which it celebrated its 25thAnniversary in 2006 and the College celebrated its 40th Anniversary. The College is currently planning its 50th Anniversary celebration.

As of January 2015, the Foundation’s assets are approximately $14 million. In February 2015, the Foundation welcomed its new Vice President for Resource Development and Foundation Executive Director, Heather R. Mitchell.

The Foundation Board is composed of a committed group of citizen leaders, who are highly regarded and widely recognized throughout the community. TCC President Jim Murdaugh is strongly committed to the work of the Foundation, and devotes time and energy toward meeting goals. The District Board of Trustees is outwardly appreciative of the role the Foundation plays in helping to meet College needs. Through the combined

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opportunities are endless.

Impact Statement

The Tallahassee Community College Foundation supports TCC by raising money for scholarships, programs, and facilities. TCC Foundation has:

funded the Amy Lynette Bailey Surgical Technology Program at the Ghazvini Center for Healthcare Education.

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raised over $64,000 through our employee campaign with the most amount given to date.

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funded Starfish, an early alert system to help students be successful in their courses and connects students with important campus resources, which ensures student success and retention.

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renovated the Dental Hygiene labs for $1 million.

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renovated the STEM labs.

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provided microloan funding for the Oyster Aquaculture Program for the Wakulla Environmental Institute.

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awarded over $30,000 in College Innovation Fund grants to faculty, staff, and students who presents an innovative idea that improves the quality and/or quantity of programs and services at TCC.

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The TCC Foundation's goals are to raise money to support scholarships, programs, and facilities and to continue to support the mission and strategic plan of Tallahassee Community College.

Needs Statement

The TCC Foundation is instrumental in helping to support TCC's mission of providing a learning environment that prepares students for success in a global economy by offering higher education pathways, workforce opportunities, and civic engagement experiences.

TCC’s most pressing needs are:

unrestricted dollars to be used for area of greatest need

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scholarships

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funding for Fostering Achievement Fellowship Program

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funding for Pathways to Success (Adult Education)

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student retention

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scholarships for workforce training and development

• Service Categories

Two-Year Colleges

Areas of Service

Areas Served Areas Gadsden Leon Wakulla

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Board & Governance

Board Chair

Board Chair Ms. Pam Butler

Company Affiliation _{Aegis Business Technologies} Term Apr 2015 to Mar 2016

Email _{butlerp@aegisbiztech.com}

Board Members

Name Affiliation Status

Mrs. Pamela S. Aveling King Arthur's Tools and Magic Whiteboard Products, LLC

Voting Monte C. Bradwell Bradwell Enterprises, Inc.

J. Breck Brannen Pennington, PA

Sherwood L. Brown First Commerce Credit Union

Ms. Pam Butler Aegis Business Technologies Voting Mrs. Donna G. Callaway Tallahassee Community College Exofficio Dr. Walter E. Colón Periodontal Associates of North

Florida

Voting Mr. L. Finley Cook Cook Brothers, Inc. Voting Dr. Patrick H. Dallet Community Volunteer Voting Mrs. Marcia Deeb Thornberry Creative Design Solutions, Inc. Voting Mr. Tom H. Deison Regional Investment Fund, Inc. Voting Mrs. Kimberly S. Dixon Allen, Mooney, and Barnes

Investment Advisors

Voting Mr. C. Wayne Edwards Murphy, Middleton, Hinkle &

Parker

Voting Mrs. Almena Hill Pettit Community Volunteer Voting Mr. Mike Illers Retired Voting Mrs. Pamela A. Johnson Sandata Technologies Voting Mrs. Kim Kelling Engstrom WFSU Voting Mr. Steven M. Leoni Student Housing Solutions

Management, LLC

Voting Mr. David Miller Retired Voting Dr. Jim Murdaugh Tallahassee Community College Exofficio Dr. Randy B. Nelson 21st Century Research and

Evaluations, Inc.

Voting Dr. Mary L. Pankowski Mary L. Pankowski Law Firm Voting Mr. Hemant Patel Holiday Inn Express & Suites Voting Mrs. Susan Payne Turner Prime Meridian Bank Voting Randy Pople Pople Financial Consulting, Inc.

Dr. Russell B. Rainey Russell B. Rainey, DMD Representative Curtis B.

Richardson

Gadsden County School District Voting Mr. Brian Rowland Rowland Publishing Voting

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Mrs. Michele Shapley United Solutions Company of Tallahassee

Voting Mrs. Allison Tant Richard Community Volunteer Voting Mrs. Beth A. Tedio Uptown Cafe and Catering/ Lee's

Place

Voting Mr. Greg Thomas Florida Department of Financial

Services

Voting Ms. D. Christine Thurman Thurman Law Firm, PLLC Voting Mrs. Sherry VanLandingham de la Valdene Family & de la

Valdene Foundation

Voting Mr. Kevin Vaughn Rogers, Gunter, Vaughn

Insurance, Inc.

Voting

Board Demographics - Ethnicity

African American/Black ₅

Asian American/Pacific Islander ₀

Caucasian ₂₈

Hispanic/Latino ₁

Native American/American Indian ₀

Other 0 1

Board Demographics - Gender

Male ₂₀

Female ₁₅

Unspecified ₀

Governance

Board Term Lengths ₃

Board Term Limits ₀

Board Meeting Attendance % _50% Written Board Selection Criteria? _No Written Conflict of Interest Policy? _Yes Percentage Making Monetary Contributions _86% Percentage Making In-Kind Contributions _0% Number of Full Board Meetings Annually ₆

Standing Committees

Audit Executive Finance Investment

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Leadership & Staff

Executive Director/CEO

Executive Director Mrs. Heather R. Mitchell

Term Start Feb 2015

Email _{mitchelh@tcc.fl.edu}

Staff

Full Time Staff ₃

Part Time Staff ₁

Volunteers ₀

Contractors ₁

Retention Rate _0%

Formal Evalutations

CEO Formal Evaluation _Yes

CEO/Executive Formal Evaluation Frequency _Annually Senior Management Formal Evaluation _N/A Senior Management Formal Evaluation Frequency _N/A NonManagement Formal Evaluation _Yes Non Management Formal Evaluation Frequency _Annually

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9 Plans & Collaborations

Plans & Policies

Organization has a Fundraising Plan? _{Under Development} Organization has a Strategic Plan? _Yes

Years Strategic Plan Considers ₅

Date Strategic Plan Adopted Jan 2004

Management Succession Plan? _No Organization Policy and Procedures _Yes

Nondiscrimination Policy _Yes

Whistleblower Policy _Yes

Document Destruction Policy _Yes Directors and Officers Insurance Policy _No

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Financials

Fiscal Year

Fiscal Year Start Apr 01 2015

Fiscal Year End Mar 31 2016

Projected Revenue _$378,000.00

Projected Expenses _$240,000.00

Endowment Value _{$8,300,000.00}

Spending Policy _{Income plus capital appreciation}

Percentage (if selected) _4%

Form 990s

Form 990 Form 990 Form 990

Detailed Financials

Revenue and Expenses

Fiscal Year 2014 2013 2012

Total Revenue $2,207,798 $1,730,365 $2,431,990

Total Expenses $1,846,269 $1,453,370 $1,752,515

Revenue Sources

Fiscal Year 2014 2013 2012

Foundation and Corporation Contributions -- -- --Government Contributions $0 $0 $0 Federal -- -- --State -- -- --Local -- -- --Unspecified -- -- --Individual Contributions $438,602 $632,685 $1,701,988

Indirect Public Support -- --

--Earned Revenue -- --

--Investment Income, Net of Losses $1,263,514 $648,465 $262,503

Membership Dues -- --

--Special Events -- -- $2,869

Revenue In-Kind $497,372 $437,729 $445,933

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Expense Allocation Fiscal Year 2014 2013 2012 Program Expense $1,109,239 $735,227 $1,115,911 Administration Expense $442,330 $409,336 $301,279 Fundraising Expense $294,700 $308,807 $335,325 Payments to Affiliates -- --

--Total Revenue/--Total Expenses 1.20 1.19 1.39

Program Expense/Total Expenses 60% 51% 64%

Fundraising Expense/Contributed Revenue

67% 49% 20%

Assets and Liabilities

Fiscal Year 2014 2013 2012

Total Assets $15,985,398 $15,910,216 $15,258,383

Current Assets $4,825,241 $6,034,589 $5,485,498

Long-Term Liabilities $0 $0 $0

Current Liabilities $126,070 $412,417 $37,579

Total Net Assets $15,859,328 $15,497,799 $15,220,804

Short Term Solvency