Nonprofit · EIN 51-0162364
WALTERS STATE COMMUNITY COLLEGE FOUNDATION
Tax-exempt · MORRISTOWN, TN 37816
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,306,116 | $2,016,721 | $289,395 | $25,758,630 | $7,866 | $25,750,764 |
| June 30, 2024 | 990 | $1,598,462 | $1,569,657 | $28,805 | $25,096,091 | $1,154,098 | $23,941,993 |
| June 30, 2023 | 990 | $683,061 | $1,344,639 | -$661,578 | $23,626,199 | $1,152,313 | $22,473,886 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,127,969
- Program service revenue
- $0
- Investment income
- $133,276
- Net income from fundraising events
- $44,871
- Other revenue
- $44,871
Expenses
- Grants and similar amounts paid
- $651,595
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $12,381
- Travel
- $500
- Depreciation
- $47,928
- Program services (functional)
- $1,968,645
- Management and general (functional)
- $48,076
Balance sheet and other
- Total assets, start of year
- $25,096,091
- Total assets, end of year
- $25,758,630
- Total liabilities, end of year
- $7,866
- Net assets, end of year
- $25,750,764
- Land, buildings and equipment
- $690,495
- Publicly traded securities
- $18,485,201
- Gross receipts
- $2,315,955
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1975
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Tony Miksa | President Walters State Community College Trustee or director, Officer, Highest-paid employee | 0 | $0 | $248,821 |
| Mark Hurst | Treasurer and Vice President Business and Finance Walters State Community College Trustee or director, Officer | 5 | $0 | $148,456 |
| Angela Smith | Vice President for Student Affairs Key employee | 0 | $0 | $142,092 |
| James Pectol | Vice President Communications and Marketing Key employee | 0 | $0 | $130,254 |
| Brock Fisher | Vice President Academic Affairs Key employee | 0 | $0 | $123,680 |
| Sharon Greene | Foundation President Officer | 5 | $0 | $0 |
| Justin Cook | Foundation Vice President Officer | 2 | $0 | $0 |
| Frank McGuffin | Foundation Secretary Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Tony Miksa | President Walters State Community College Trustee or director, Officer, Highest-paid employee | 0 | $0 | $237,956 |
| Mark Hurst | Treasurer and Vice President Business and Finance Walters State Community College Trustee or director, Officer | 0 | $0 | $141,566 |
| Angela Smith | Vice President for Student Affairs Key employee | 0 | $0 | $134,736 |
| James Pectol | Vice President Communications and Marketing Key employee | 0 | $0 | $124,031 |
| Amy Ross | Interim Vice President/Professor of Business Key employee | 0 | $0 | $123,036 |
| Sharon Greene | Foundation President Officer | 1 | $0 | $0 |
| Justin Cook | Foundation Vice President Officer | 1 | $0 | $0 |
| Frank McGuffin | Foundation Secretary Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Tony Miksa | President Walters State Community College Trustee or director, Officer, Highest-paid employee | 0 | $0 | $224,873 |
| Mark Hurst | Treasurer and Vice President Business and Finance Walters State Community College Trustee or director, Officer | 0 | $0 | $135,342 |
| Angela Smith | Vice President for Student Affairs Key employee | 0 | $0 | $128,848 |
| Donna Seagle | Vice President for Academic Affairs Key employee | 0 | $0 | $126,528 |
| John LaPrise | Vice President for Educational Outreach Key employee | 0 | $0 | $123,569 |
| James Pectol | Vice President Communications and Marketing Key employee | 0 | $0 | $118,955 |
| Martel Rucker | Dean of Health Programs Key employee | 0 | $0 | $104,961 |
| Linda Mason | Dean of Student Records and Enrollment Processing Key employee | 0 | $0 | $104,616 |
| Joe Annis | Executive Director of IET Key employee | 0 | $0 | $103,708 |
| Heather Carrier | Asst Vice President for Business and Finance Key employee | 0 | $0 | $102,479 |
| Cheryl McCall | Professor of Nursing and Director of Nursing Program Key employee | 0 | $0 | $100,410 |
| David Helton | Foundation President Officer | 1 | $0 | $0 |
| Sharon Greene | Foundation Vice President Officer | 0 | $0 | $0 |
| Justin Cook | Foundation President Officer | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1508, MORRISTOWN, TN 37816-1508
- In care of
- % HENRY DRINNON
- Principal officer (990 for 2024)
- Mark Hurst, PO Box 1508, Morristown, TN 378161508
- Signed the 990
- Mark Hurst, Treasurer
- Phone
- (423) 585-2629
- Website
- www.ws.edu/foundation
Mission
It is the mission of Walters State Community College Foundation to promote and support literary, scientific, educational scholarship, research, charitable and development purposes and objectives at Walters State Community College, and to achieve results as a 501(c)3 public charity consistent with the laws of the State of Tennessee and the Internal Revenue Service.
Program accomplishments
- Supported Walters State Community College with payments to or on behalf of the college in support of their mission that included campus and instructional improvements.Expenses $1,188,486
- Scholarships awarded to Walters State students for 2024-25 academic year and awards to faculty and staff of Walters State Community College.Expenses $651,595
- Expenditures to promote the college and support departments of the college.Expenses $128,564
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0162364
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B41I)
- Assets (IRS master file)
- $25,758,630
- Income (IRS master file)
- $2,315,955
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,306,116 | $2,016,721 | $25,758,630 | XML |
| 990 | June 2024 | $1,598,462 | $1,569,657 | $25,096,091 | IRS |
| 990 | June 2023 | $683,061 | $1,344,639 | $23,626,199 | XML |
| 990 | June 2022 | $1,218,604 | $1,628,572 | $23,408,983 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0162364).
Questions about WALTERS STATE COMMUNITY COLLEGE FOUNDATION
- What is the EIN of WALTERS STATE COMMUNITY COLLEGE FOUNDATION?
- The employer identification number (EIN) of WALTERS STATE COMMUNITY COLLEGE FOUNDATION is 51-0162364.
- Is WALTERS STATE COMMUNITY COLLEGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to WALTERS STATE COMMUNITY COLLEGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WALTERS STATE COMMUNITY COLLEGE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WALTERS STATE COMMUNITY COLLEGE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WALTERS STATE COMMUNITY COLLEGE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WALTERS STATE COMMUNITY COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 names Mark Hurst.
- Who are the officers and directors of WALTERS STATE COMMUNITY COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does WALTERS STATE COMMUNITY COLLEGE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,306,116, expenses of $2,016,721 and total assets of $25,758,630 at year end.
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